AAC TECHNOLOGHLDGADR Correlations

A2X Stock

6.30 0.25 4.13%

The correlation of AAC TECHNOLOGHLDGADR is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

AAC TECHNOLOGHLDGADR Correlation With Market

Good diversification

The correlation between AAC TECHNOLOGHLDGADR and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AAC TECHNOLOGHLDGADR and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to AAC TECHNOLOGHLDGADR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AAC TECHNOLOGHLDGADR when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AAC TECHNOLOGHLDGADR - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AAC TECHNOLOGHLDGADR to buy it.

Moving together with AAC Stock

0.92	NOA3	Nokia	Pair Corr
0.9	NOAA	Nokia	Pair Corr
0.86	TM2	Sydbank AS	Pair Corr
0.79	SON1	Sony Group Corp	Pair Corr
0.89	893	MITSUBISHI KAKOKI	Pair Corr
0.9	92I	ROMERIKE SPAREBANK	Pair Corr
0.9	HCMA	HITACHI CONSTRMACHADR/2	Pair Corr
0.8	YHA	Yamaha	Pair Corr
0.8	JYS1	JYSKE BANK	Pair Corr
0.8	ROM	Rohm Co	Pair Corr
0.85	BSN	Danone SA	Pair Corr
0.85	KGHA	KGHM Polska Miedz Earnings Call Tomorrow	Pair Corr
0.92	BY6A	BYD Limited	Pair Corr
0.88	5TP	BLUE LABEL	Pair Corr
0.86	SOBA	ATT Inc	Pair Corr
0.68	HUKI	HUHTAMAKI	Pair Corr
0.66	MRG	Outcrop Silver Gold	Pair Corr
0.94	3RE	Rejlerkoncernen AB	Pair Corr
0.77	KEI	KEISEI EL RAILWAY Split	Pair Corr
0.77	BRH	Berkshire Hathaway	Pair Corr
0.81	TKA	thyssenkrupp AG	Pair Corr
0.87	TLLB	Trelleborg AB	Pair Corr
0.89	DBPE	Xtrackers LevDAX	Pair Corr
0.83	E908	Lyxor 1	Pair Corr

Moving against AAC Stock

0.76	MIZ	Mizuno	Pair Corr
0.75	MTLA	Motorola Solutions	Pair Corr
0.71	2HP	Hewlett Packard Ente	Pair Corr
0.6	BFP	BBVA Banco Frances	Pair Corr
0.43	ERCB	Telefonaktiebolaget	Pair Corr
0.38	ERCA	Telefonaktiebolaget	Pair Corr
0.38	ERCG	Telefonaktiebolaget	Pair Corr
0.89	DBPD	Xtrackers ShortDAX	Pair Corr
0.41	T9V	TASTY PLC LS	Pair Corr

Related Correlations Analysis

	YE42	GLJ	AVLA	CBW	EM7A	UR3	7X3	NXZ
YE42		0.32	-0.36	0.7	0.47	-0.45	0.29	0.04	YE42
GLJ	0.32		0.04	0.3	-0.04	0.15	0.13	-0.28	GLJ
AVLA	-0.36	0.04		-0.02	-0.18	0.55	-0.03	-0.45	AVLA
CBW	0.7	0.3	-0.02		0.37	-0.32	0.24	0.0	CBW
EM7A	0.47	-0.04	-0.18	0.37		-0.15	0.5	0.09	EM7A
UR3	-0.45	0.15	0.55	-0.32	-0.15		0.32	-0.61	UR3
7X3	0.29	0.13	-0.03	0.24	0.5	0.32		-0.16	7X3
NXZ	0.04	-0.28	-0.45	0.0	0.09	-0.61	-0.16		NXZ
	YE42	GLJ	AVLA	CBW	EM7A	UR3	7X3	NXZ

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CBW	+ 0.7	YE42
UR3	+ 0.55	AVLA
7X3	+ 0.5	EM7A
EM7A	+ 0.47	YE42
EM7A	+ 0.37	CBW
GLJ	+ 0.32	YE42

High negative correlations

NXZ	- 0.61	UR3
NXZ	- 0.45	AVLA
UR3	- 0.45	YE42
AVLA	- 0.36	YE42
UR3	- 0.32	CBW
NXZ	- 0.28	GLJ

Risk-Adjusted Indicators

There is a big difference between AAC Stock performing well and AAC TECHNOLOGHLDGADR Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze AAC TECHNOLOGHLDGADR's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
YE42	1.22	0.34	0.21	(1.90)	0.82	(2.59)	4.29	(1.59)	14.64
GLJ	1.73	(0.12)	0.00	(0.28)	0.00	0.00	3.70	(2.51)	22.89
AVLA	1.29	(0.04)	0.00	(0.11)	0.00	0.00	2.23	(3.52)	11.61
CBW	2.32	0.23	0.09	0.35	2.38	(3.15)	6.50	(4.35)	15.76
EM7A	1.43	0.06	0.01	(0.79)	3.17	(5.30)	4.00	(2.08)	30.95
UR3	1.69	(0.35)	0.00	(1.25)	0.00	0.00	3.49	(3.94)	10.67
7X3	3.15	(0.03)	0.00	(0.09)	0.00	0.00	9.09	(8.33)	53.08
NXZ	1.44	0.12	0.10	2.14	1.55	(1.56)	3.49	(2.97)	15.38

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Our tools can tell you how much better you can do entering a position in AAC TECHNOLOGHLDGADR without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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