Airgain Correlations

AIRG Stock

USD 4.25 0.04 0.93%

The correlation of Airgain 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.

Airgain Correlation With Market

Modest diversification

The correlation between Airgain and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Airgain 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 Airgain. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more detail on how to invest in Airgain Stock please use our How to Invest in Airgain guide.

Moving together with Airgain Stock

0.65	FN	Fabrinet Tech Boost	Pair Corr
0.74	KE	Kimball Electronics	Pair Corr
0.82	KN	Knowles Cor	Pair Corr
0.81	EBON	Ebang International	Pair Corr
0.66	EVLV	Evolv Technologies	Pair Corr
0.77	EXTR	Extreme Networks	Pair Corr
0.7	FLEX	Flex	Pair Corr
0.89	APH	Amphenol	Pair Corr
0.93	BDC	Belden Inc	Pair Corr
0.78	BHE	Benchmark Electronics	Pair Corr
0.81	CTS	CTS Corporation	Pair Corr
0.87	HPE	Hewlett Packard Ente Aggressive Push	Pair Corr
0.83	HPQ	HP Inc	Pair Corr
0.86	IDN	Intellicheck Mobilisa Earnings Call Today	Pair Corr
0.9	MEI	Methode Electronics	Pair Corr
0.79	MSI	Motorola Solutions	Pair Corr

Moving against Airgain Stock

0.56	FKWL	Franklin Wireless Corp	Pair Corr
0.76	NOK	Nokia Corp ADR Aggressive Push	Pair Corr

Related Correlations Analysis

	PCTI	CPSH	AKTS	CMBM	CRNT
PCTI		0.0	0.0	0.0	0.0	PCTI
CPSH	0.0		0.0	0.72	0.45	CPSH
AKTS	0.0	0.0		0.0	0.0	AKTS
CMBM	0.0	0.72	0.0		0.37	CMBM
CRNT	0.0	0.45	0.0	0.37		CRNT
	PCTI	CPSH	AKTS	CMBM	CRNT

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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

CMBM	+ 0.72	CPSH
CRNT	+ 0.45	CPSH
CRNT	+ 0.37	CMBM
CPSH	+ 0.0	PCTI
AKTS	+ 0.0	PCTI
CMBM	+ 0.0	PCTI

High negative correlations

CRNT	- 0.0	AKTS
CMBM	- 0.0	AKTS
AKTS	- 0.0	CPSH
CRNT	- 0.0	PCTI
CMBM	- 0.0	PCTI
AKTS	- 0.0	PCTI

Risk-Adjusted Indicators

There is a big difference between Airgain Stock performing well and Airgain 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 Airgain'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
PCTI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CPSH	2.86	0.03	0.03	0.07	3.11	(3.80)	7.74	(5.85)	20.76
AKTS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CMBM	6.70	0.35	0.02	0.02	7.69	(7.96)	15.69	(15.38)	37.73
CRNT	3.83	(0.58)	0.00	(0.57)	0.00	0.00	8.61	(6.81)	37.31

Airgain Corporate Management

Morad Sbahi	Chief Officer	Profile
Alexis Waadt	Director Relations	Profile
Dallas Wu	Head Services	Profile
Leonard Johnson	Advisor	Profile
Jules Cassano	Director Marketing	Profile
Suzanne Zoumaras	Chief Officer	Profile

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