ABHY New Correlations
The correlation of ABHY New 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.
ABHY |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between ABHY Stock performing well and ABHY New 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 ABHY New'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LGCY | 3.53 | 1.19 | 0.28 | 0.70 | 3.19 | 10.85 | 23.25 | |||
| AAPL | 0.84 | 0.18 | 0.12 | 9.78 | 1.01 | 1.84 | 5.20 | |||
| NVDA | 1.85 | 0.16 | 0.07 | 0.35 | 2.18 | 4.05 | 9.07 | |||
| MSFT | 0.87 | 0.00 | (0.02) | 0.02 | 1.65 | 1.78 | 8.14 | |||
| AMZN | 1.41 | 0.24 | 0.12 | (1.34) | 1.59 | 2.94 | 10.78 | |||
| GOOG | 1.31 | 0.28 | 0.15 | (0.81) | 1.48 | 3.54 | 8.99 | |||
| BMYMP | 1.61 | 0.51 | 0.09 | (3.17) | 1.57 | 7.23 | 22.13 | |||
| META | 1.21 | 0.08 | 0.04 | 0.42 | 1.41 | 2.62 | 7.43 |
ABHY New Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ABHY New stock to make a market-neutral strategy. Peer analysis of ABHY New could also be used in its relative valuation, which is a method of valuing ABHY New by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |