Aimfinity Investment Correlations

AIMAU Stock

USD 12.00 0.14 1.18%

The correlation of Aimfinity Investment 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.

Aimfinity Investment Correlation With Market

Good diversification

The correlation between Aimfinity Investment I and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aimfinity Investment I 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 Aimfinity Investment I. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving against Aimfinity Stock

0.5	DOLE	Dole PLC	Pair Corr
0.34	FMX	Fomento Economico	Pair Corr
0.31	MO	Altria Group Sell-off Trend	Pair Corr
0.42	MKC	McCormick Company Earnings Call This Week	Pair Corr
0.4	LANC	Lancaster Colony	Pair Corr
0.38	TSN	Tyson Foods	Pair Corr
0.38	UVV	Universal	Pair Corr
0.36	TAP	Molson Coors Brewing Sell-off Trend	Pair Corr
0.32	KLG	WK Kellogg	Pair Corr

Related Correlations Analysis

	SHIHF	INBX	ORI	GSHD	WTSHF	AMP	BNL
SHIHF		0.0	0.0	0.0	0.0	0.0	0.0	SHIHF
INBX	0.0		-0.62	-0.47	-0.38	-0.18	-0.1	INBX
ORI	0.0	-0.62		0.88	0.76	-0.03	0.67	ORI
GSHD	0.0	-0.47	0.88		0.81	-0.25	0.68	GSHD
WTSHF	0.0	-0.38	0.76	0.81		-0.29	0.58	WTSHF
AMP	0.0	-0.18	-0.03	-0.25	-0.29		-0.3	AMP
BNL	0.0	-0.1	0.67	0.68	0.58	-0.3		BNL
	SHIHF	INBX	ORI	GSHD	WTSHF	AMP	BNL

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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

GSHD	+ 0.88	ORI
WTSHF	+ 0.81	GSHD
WTSHF	+ 0.76	ORI
BNL	+ 0.68	GSHD
BNL	+ 0.67	ORI
BNL	+ 0.58	WTSHF

High negative correlations

ORI	- 0.62	INBX
GSHD	- 0.47	INBX
WTSHF	- 0.38	INBX
BNL	- 0.3	AMP
AMP	- 0.29	WTSHF
AMP	- 0.25	GSHD

Risk-Adjusted Indicators

There is a big difference between Aimfinity Stock performing well and Aimfinity Investment 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 Aimfinity Investment'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
SHIHF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
INBX	2.66	0.11	0.04	0.04	3.25	(2.85)	5.90	(6.11)	16.41
ORI	0.87	0.25	0.21	0.31	1.04	(0.89)	2.39	(2.09)	6.06
GSHD	2.22	0.34	0.14	0.26	2.30	(2.60)	5.04	(4.92)	21.17
WTSHF	1.43	0.10	0.04	0.15	2.09	(2.65)	4.11	(4.81)	13.84
AMP	1.22	(0.06)	0.00	(0.14)	0.00	0.00	2.13	(3.64)	8.79
BNL	1.04	0.16	0.18	0.31	1.09	(1.19)	2.40	(2.29)	4.51

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