Advanced Health Correlations

Summary

AHIDelisted Stock

USD 3.98 0.18 4.74%

The correlation of Advanced Health 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.

Advanced Health Correlation With Market

Good diversification

The correlation between Advanced Health Intelligence and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Advanced Health Intelligence and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Advanced Stock

0.71

WMT

Walmart

Pair Corr

Moving against Advanced Stock

0.74	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.69	JNJ	Johnson Johnson Earnings Call This Week	Pair Corr
0.62	PPERY	Bank Mandiri Persero	Pair Corr
0.6	PBCRF	PT Bank Central Earnings Call This Week	Pair Corr
0.59	PPERF	Bank Mandiri Persero	Pair Corr
0.58	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.51	GE	GE Aerospace Earnings Call Tomorrow	Pair Corr
0.5	PBCRY	Bank Central Asia Earnings Call This Week	Pair Corr
0.49	PTAIF	PT Astra International	Pair Corr
0.45	BKRKF	PT Bank Rakyat	Pair Corr
0.44	KO	Coca Cola Aggressive Push	Pair Corr
0.41	PTAIY	Astra International Tbk	Pair Corr
0.4	TLK	Telkom Indonesia Tbk	Pair Corr
0.39	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.36	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	AKRFF	ROWKF	DPSIP	DUBRF	OONEF	ALKT	MIXT	AGYS	ADEA	PYCR
AKRFF		0.63	0.0	-0.01	0.63	0.23	-0.8	0.36	0.63	0.75	AKRFF
ROWKF	0.63		0.0	-0.02	0.93	-0.34	-0.66	0.43	0.59	0.72	ROWKF
DPSIP	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	DPSIP
DUBRF	-0.01	-0.02	0.0		-0.01	0.12	0.02	0.0	-0.09	-0.04	DUBRF
OONEF	0.63	0.93	0.0	-0.01		-0.25	-0.72	0.53	0.65	0.7	OONEF
ALKT	0.23	-0.34	0.0	0.12	-0.25		-0.19	0.25	0.2	-0.02	ALKT
MIXT	-0.8	-0.66	0.0	0.02	-0.72	-0.19		-0.71	-0.69	-0.84	MIXT
AGYS	0.36	0.43	0.0	0.0	0.53	0.25	-0.71		0.44	0.67	AGYS
ADEA	0.63	0.59	0.0	-0.09	0.65	0.2	-0.69	0.44		0.58	ADEA
PYCR	0.75	0.72	0.0	-0.04	0.7	-0.02	-0.84	0.67	0.58		PYCR
	AKRFF	ROWKF	DPSIP	DUBRF	OONEF	ALKT	MIXT	AGYS	ADEA	PYCR

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

OONEF	+ 0.93	ROWKF
PYCR	+ 0.75	AKRFF
PYCR	+ 0.72	ROWKF
PYCR	+ 0.7	OONEF
PYCR	+ 0.67	AGYS
ADEA	+ 0.65	OONEF

High negative correlations

PYCR	- 0.84	MIXT
MIXT	- 0.8	AKRFF
MIXT	- 0.72	OONEF
AGYS	- 0.71	MIXT
ADEA	- 0.69	MIXT
MIXT	- 0.66	ROWKF

Risk-Adjusted Indicators

There is a big difference between Advanced Stock performing well and Advanced 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 Advanced 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AKRFF	1.76	0.55	0.00	(4.85)	0.00	0.00	7.67	(1.10)	31.38
ROWKF	0.70	0.27	0.00	3.34	0.00	0.00	0.00	0.00	17.50
DPSIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DUBRF	39.90	17.22	0.00	1.10	0.00	0.00	0.00	(16.67)	1,257
OONEF	15.31	5.09	0.19	(1.73)	13.42	(30.31)	36.36	(26.32)	244.12
ALKT	2.11	0.08	0.02	0.14	2.96	(2.04)	4.96	(5.27)	12.66
MIXT	2.00	(0.17)	0.00	(0.84)	0.00	0.00	3.52	(3.34)	12.12
AGYS	2.34	0.09	0.02	0.13	3.88	(2.10)	4.40	(7.33)	19.98
ADEA	2.06	0.19	0.04	2.77	3.99	(1.97)	4.95	(3.75)	28.06
PYCR	1.74	0.79	0.45	1.80	0.99	(2.14)	3.37	(2.88)	26.32

View Advanced Health Related Equities

Ackroo Inc RenoWorks Software Decisionpoint Systems Dubber Limited 01 Communique Laboratory Alkami Technology Mix Telemats Agilysys ADEIA P Paycor HCM CurrentC Power Agent Information Software Auddia Inc BASE Inc Maxwell Resource

Risk & Return

Correlation

Advanced Health Corporate Management

BA BA	CEO CoFounder	Profile
Ryan Snowden	Chief Officer	Profile
Kevin Baum	Chief Officer	Profile
Anita Swan	Marketing Director	Profile
Terence Stupple	Chief Officer	Profile
BSc BCom	Chief Officer	Profile
Amar ElSallam	Chief Officer	Profile

Still Interested in Advanced Health Intelligence?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC