Aimfinity Investment Correlations

AIMAU Stock

USD 12.00 0.14 1.18%

The current 90-days correlation between Aimfinity Investment and Iridium Communications is 0.01 (i.e., Significant diversification). 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.

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

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0.33	TSN	Tyson Foods Sell-off Trend	Pair Corr
0.31	TAP	Molson Coors Brewing	Pair Corr

Related Correlations Analysis

	IRDM	SWX	AEP	IAS	ARIS	KEN	CQP	WES
IRDM		0.41	0.28	0.34	0.01	-0.08	0.2	0.04	IRDM
SWX	0.41		0.75	0.24	0.46	0.32	0.75	0.59	SWX
AEP	0.28	0.75		-0.23	0.69	0.45	0.89	0.57	AEP
IAS	0.34	0.24	-0.23		-0.31	-0.49	-0.14	-0.16	IAS
ARIS	0.01	0.46	0.69	-0.31		0.53	0.76	0.65	ARIS
KEN	-0.08	0.32	0.45	-0.49	0.53		0.43	0.48	KEN
CQP	0.2	0.75	0.89	-0.14	0.76	0.43		0.72	CQP
WES	0.04	0.59	0.57	-0.16	0.65	0.48	0.72		WES
	IRDM	SWX	AEP	IAS	ARIS	KEN	CQP	WES

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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

CQP	+ 0.89	AEP
CQP	+ 0.76	ARIS
AEP	+ 0.75	SWX
CQP	+ 0.75	SWX
WES	+ 0.72	CQP
ARIS	+ 0.69	AEP

High negative correlations

KEN	- 0.49	IAS
ARIS	- 0.31	IAS
IAS	- 0.23	AEP
WES	- 0.16	IAS
CQP	- 0.14	IAS
KEN	- 0.08	IRDM

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
IRDM	1.78	(0.05)	0.00	(0.13)	0.00	0.00	2.68	(3.24)	22.15
SWX	1.13	0.10	0.08	0.05	1.43	(1.17)	2.38	(2.36)	6.10
AEP	0.99	0.18	0.19	1.50	1.16	(1.01)	1.98	(1.95)	7.23
IAS	1.47	(0.14)	0.00	(0.24)	0.00	0.00	1.95	(3.51)	14.44
ARIS	2.99	0.36	0.10	0.45	3.77	(3.03)	7.51	(7.55)	28.27
KEN	1.55	0.25	0.16	0.49	1.65	(1.81)	3.28	(2.79)	11.92
CQP	1.89	0.28	0.13	0.25	2.09	(2.04)	4.43	(4.13)	10.35
WES	1.37	0.18	0.13	0.18	1.49	(1.50)	2.89	(2.50)	7.33

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Aimfinity Investment Correlations

Moving against Aimfinity Stock

Related Correlations Analysis

Correlation Matchups

Risk-Adjusted Indicators

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