Aimfinity Investment Correlations

AIMAU Stock

USD 12.00 0.14 1.18%

The current 90-days correlation between Aimfinity Investment and Iridium Communications is 0.09 (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.

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
0.42	MKC	McCormick Company Earnings Call This Week	Pair Corr
0.4	LANC	Lancaster Colony	Pair Corr
0.38	TSN	Tyson Foods Sell-off Trend	Pair Corr
0.38	UVV	Universal	Pair Corr
0.36	TAP	Molson Coors Brewing	Pair Corr
0.32	KLG	WK Kellogg	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

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

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