AAC Technologies Correlations
| AACAY Stock | USD 6.77 0.15 2.27% |
The current 90-days correlation between AAC Technologies Holdings and Knowles Cor is 0.16 (i.e., Average diversification). The correlation of AAC Technologies 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. If the correlation is 0, the equities are not correlated; they are entirely random.
AAC Technologies Correlation With Market
Average diversification
The correlation between AAC Technologies Holdings and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AAC Technologies Holdings and DJI in the same portfolio, assuming nothing else is changed.
AAC |
The ability to find closely correlated positions to AAC Technologies 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 Technologies 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 Technologies - 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 Technologies Holdings to buy it.
Moving together with AAC Pink Sheet
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| 0.93 | NOK | Nokia Corp ADR Aggressive Push | PairCorr |
| 0.92 | NOKBF | Nokia | PairCorr |
| 0.72 | ZTCOF | ZTE Corp H | PairCorr |
| 0.76 | CZMWF | Carl Zeiss Meditec | PairCorr |
| 0.63 | MIDD | Middleby Corp | PairCorr |
| 0.69 | TLPPF | Telix Pharmaceuticals Upward Rally | PairCorr |
| 0.91 | BWAGF | BAWAG Group AG | PairCorr |
| 0.77 | FCHS | First Choice Healthc | PairCorr |
| 0.66 | TKC | Turkcell Iletisim | PairCorr |
| 0.75 | CFSU | Complete Fin Solu | PairCorr |
| 0.62 | CGLCF | Cassiar Gold Corp | PairCorr |
| 0.65 | VOD | Vodafone Group PLC | PairCorr |
| 0.88 | CMETF | Power Nickel | PairCorr |
| 0.85 | XPNGF | XPeng Inc Trending | PairCorr |
| 0.79 | WVVI | Willamette Valley Earnings Call This Week | PairCorr |
| 0.84 | TMRAY | Tomra Systems ASA | PairCorr |
| 0.67 | UPMKF | UPM Kymmene Oyj | PairCorr |
| 0.87 | ALBHF | Alibaba Health Infor | PairCorr |
Moving against AAC Pink Sheet
| 0.74 | HPE | Hewlett Packard Ente Aggressive Push | PairCorr |
| 0.71 | ERIC-B | Telefonaktiebolaget | PairCorr |
| 0.51 | UI | Ubiquiti Networks | PairCorr |
| 0.82 | WKHS | Workhorse Group | PairCorr |
| 0.77 | BOTY | Lingerie Fighting | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between AAC Pink Sheet performing well and AAC Technologies 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 Technologies' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AMPGW | 18.79 | 6.16 | 0.43 | (3.75) | 11.37 | 74.36 | 260.28 | |||
| AAPJ | 24.04 | 6.71 | 0.12 | 1.51 | 19.25 | 100.00 | 150.00 | |||
| AIRG | 3.70 | (0.83) | 0.00 | (0.66) | 0.00 | 7.23 | 25.20 | |||
| AMPG | 10.14 | 2.26 | 0.19 | 2.11 | 9.75 | 24.75 | 132.14 | |||
| AKOM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| KVHI | 1.72 | (0.13) | 0.00 | (1.41) | 0.00 | 2.92 | 12.61 | |||
| TSAT | 3.97 | 0.72 | 0.18 | 0.81 | 3.61 | 7.63 | 34.21 | |||
| MYNA | 12.78 | (1.16) | 0.00 | 0.35 | 0.00 | 36.96 | 167.72 | |||
| KN | 1.18 | (0.20) | 0.00 | (0.32) | 0.00 | 1.86 | 6.22 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in AAC Technologies 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.Did you try this?
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AAC Technologies Corporate Management
| David Plekenpol | Chief Strategy Officer | Profile | |
| Nuo Ma | Chief Officer | Profile | |
| Jack Duan | Chief Officer | Profile | |
| Chul Kim | Chairman Region | Profile | |
| Zhengmin Pan | CEO CoFounder | Profile | |
| Siu Ho | Legal Sec | Profile | |
| Joyce Kwock | Head Relations | Profile |