Aimei Health Correlations

Stocks . USA . 
Stock . Aimei Health Technology
AFJK Stock   11.00  0.00  0.00%   
The current 90-days correlation between Aimei Health Technology and Coda Octopus Group is -0.08 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aimei Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aimei Health Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Aimei Health Correlation With Market

Significant diversification

The correlation between Aimei Health Technology and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aimei Health Technology and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aimei Health Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with Aimei Stock

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  0.69VSTM VerastemPairCorr
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Moving against Aimei Stock

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  0.81CDIOW Cardio DiagnosticsPairCorr
  0.76VANI Vivani MedicalPairCorr
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  0.68VCYT VeracytePairCorr
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  0.66DSGN Design TherapeuticsPairCorr
  0.6DRRX Durect Earnings Call TomorrowPairCorr
  0.59SABSW SAB BiotherapeuticsPairCorr
  0.58VRAX Virax Biolabs GroupPairCorr
  0.49A Agilent Technologies Earnings Call This WeekPairCorr
  0.48DRTS Alpha Tau MedicalPairCorr
  0.48VRCA Verrica PharmaceuticalsPairCorr
  0.92VTYX Ventyx BiosciencesPairCorr
  0.9VYGR Voyager TherapeuticsPairCorr
  0.89VTRS ViatrisPairCorr
  0.89ERAS Erasca IncPairCorr
  0.84VRDN Viridian TherapeuticsPairCorr
  0.82VRPX Virpax PharmaceuticalsPairCorr
  0.82ENSC Ensysce BiosciencesPairCorr
  0.79ELAN Elanco Animal HealthPairCorr
  0.78ENVB Enveric BiosciencesPairCorr
  0.73ELVN Enliven TherapeuticsPairCorr

Related Correlations Analysis

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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   
CODA
+ 0.78
SONO
CODA
+ 0.64
NTGR
SONO
+ 0.62
NTGR
MSN
+ 0.44
CODA
MSN
+ 0.33
NTGR
MSN
+ 0.09
GAINN
  
High negative correlations   
SONO
- 0.87
GAINN
CODA
- 0.7
GAINN
NTGR
- 0.46
GAINN

Risk-Adjusted Indicators

There is a big difference between Aimei Stock performing well and Aimei Health 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 Aimei Health'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.

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