Airship AI Correlations

AISP Stock

3.16 0.16 5.33%

The current 90-days correlation between Airship AI Holdings and Univest Pennsylvania is 0.21 (i.e., Modest diversification). The correlation of Airship AI 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.

Airship AI Correlation With Market

Weak diversification

The correlation between Airship AI Holdings and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Airship AI Holdings 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 Airship AI Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Airship Stock

0.69	NN	Nextnav Acquisition Corp	Pair Corr
0.63	ZS	Zscaler	Pair Corr
0.73	VRNT	Verint Systems	Pair Corr
0.73	EVCM	EverCommerce	Pair Corr
0.76	EVTC	Evertec	Pair Corr
0.63	CETXP	Cemtrex Pref Earnings Call Tomorrow	Pair Corr
0.82	FIVN	Five9 Inc	Pair Corr
0.73	FLYW	Flywire Corp	Pair Corr
0.69	DBX	Dropbox	Pair Corr
0.67	DLO	Dlocal	Pair Corr
0.72	GEN	Gen Digital	Pair Corr
0.81	FTNT	Fortinet	Pair Corr
0.63	MDB	MongoDB	Pair Corr
0.65	NET	Cloudflare	Pair Corr
0.67	ODD	ODDITY Tech	Pair Corr
0.65	PAY	Paymentus Holdings Tech Boost	Pair Corr
0.65	LIDRW	AEye Inc	Pair Corr

Moving against Airship Stock

0.71	MQ	Marqeta	Pair Corr
0.67	VERI	Veritone	Pair Corr
0.67	VRNS	Varonis Systems	Pair Corr
0.64	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.5	DOCN	DigitalOcean Holdings	Pair Corr
0.41	FAASW	DigiAsia Corp Symbol Change	Pair Corr
0.75	ZPTA	Zapata Computing Holdings Symbol Change	Pair Corr
0.65	VHC	VirnetX Holding Corp	Pair Corr
0.59	ZPTAW	Zapata Computing Holdings	Pair Corr
0.46	TCX	Tucows Inc	Pair Corr
0.45	SOS	SOS Limited	Pair Corr
0.45	WEX	Wex Inc	Pair Corr

Related Correlations Analysis

	UVSP	LBNKF	KEY-PI	APAM	ABG	WU	SPNT	BBDC
UVSP		-0.88	-0.39	0.93	0.92	-0.76	0.83	0.61	UVSP
LBNKF	-0.88		0.53	-0.86	-0.85	0.85	-0.67	-0.49	LBNKF
KEY-PI	-0.39	0.53		-0.28	-0.41	0.37	-0.43	-0.28	KEY-PI
APAM	0.93	-0.86	-0.28		0.92	-0.73	0.76	0.57	APAM
ABG	0.92	-0.85	-0.41	0.92		-0.72	0.78	0.53	ABG
WU	-0.76	0.85	0.37	-0.73	-0.72		-0.45	-0.27	WU
SPNT	0.83	-0.67	-0.43	0.76	0.78	-0.45		0.81	SPNT
BBDC	0.61	-0.49	-0.28	0.57	0.53	-0.27	0.81		BBDC
	UVSP	LBNKF	KEY-PI	APAM	ABG	WU	SPNT	BBDC

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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

APAM	+ 0.93	UVSP
ABG	+ 0.92	UVSP
ABG	+ 0.92	APAM
WU	+ 0.85	LBNKF
SPNT	+ 0.83	UVSP
BBDC	+ 0.81	SPNT

High negative correlations

LBNKF	- 0.88	UVSP
APAM	- 0.86	LBNKF
ABG	- 0.85	LBNKF
WU	- 0.76	UVSP
WU	- 0.73	APAM
WU	- 0.72	ABG

Risk-Adjusted Indicators

There is a big difference between Airship Stock performing well and Airship AI 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 Airship AI'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
UVSP	1.52	0.06	0.08	0.08	1.60	(1.99)	3.37	(2.90)	18.49
LBNKF	3.00	(0.77)	0.00	(2.07)	0.00	0.00	6.06	(7.41)	18.77
KEY-PI	0.55	(0.05)	0.00	(0.45)	0.00	0.00	1.23	(1.35)	4.39
APAM	1.32	0.07	0.07	0.10	1.61	(1.33)	2.52	(2.85)	12.25
ABG	1.51	0.12	0.10	0.13	1.28	(1.71)	3.72	(2.25)	9.76
WU	0.98	(0.07)	0.00	(0.32)	0.00	0.00	2.04	(1.93)	5.82
SPNT	1.34	0.01	0.03	0.06	1.74	(1.46)	2.68	(2.76)	13.03
BBDC	0.74	(0.03)	0.00	(0.57)	0.00	0.00	1.37	(1.55)	4.12

Airship AI Corporate Executives

Elected by the shareholders, the Airship AI's board of directors comprises two types of representatives: Airship AI inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Airship. The board's role is to monitor Airship AI's management team and ensure that shareholders' interests are well served. Airship AI's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Airship AI's outside directors are responsible for providing unbiased perspectives on the board's policies.

Derek Xu

Secretary, COO

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