Avalon GloboCare Correlations

ALBT Stock

6.04 0.25 3.97%

The current 90-days correlation between Avalon GloboCare Corp and Ambase Corp is -0.05 (i.e., Good diversification). The correlation of Avalon GloboCare 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.

Avalon GloboCare Correlation With Market

Average diversification

The correlation between Avalon GloboCare Corp and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avalon GloboCare Corp 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 Avalon GloboCare Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Avalon Stock

0.74	O	Realty Income	Pair Corr
0.67	DX	Dynex Capital	Pair Corr
0.66	FR	First Industrial Realty	Pair Corr
0.63	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.62	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.62	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.65	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.63	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.76	VICI	VICI Properties	Pair Corr
0.77	MITT-PA	AG Mortgage Investment	Pair Corr
0.7	MITT-PB	AG Mortgage Investment	Pair Corr
0.67	MITT-PC	AG Mortgage Investment	Pair Corr

Moving against Avalon Stock

0.64	PK	Park Hotels Resorts	Pair Corr
0.62	RMAX	Re Max Holding	Pair Corr
0.6	CIGI	Colliers International	Pair Corr
0.6	RC	Ready Capital Corp	Pair Corr
0.58	CWK	Cushman Wakefield plc	Pair Corr
0.47	PW	Power REIT Earnings Call This Week	Pair Corr
0.36	FSV	FirstService Corp	Pair Corr
0.33	UK	Ucommune International	Pair Corr
0.74	ABR	Arbor Realty Trust	Pair Corr
0.59	EXPI	eXp World Holdings	Pair Corr
0.57	VTMX	Corporacin Inmobiliaria	Pair Corr
0.56	WHLR	Wheeler Real Estate	Pair Corr
0.55	ESRT	Empire State Realty	Pair Corr
0.52	FISK	Empire State Realty	Pair Corr
0.52	AAT	American Assets Trust	Pair Corr
0.51	ESBA	Empire State Realty	Pair Corr
0.5	WETH	Wetouch Technology Common	Pair Corr
0.36	EQIX	Equinix	Pair Corr

Related Correlations Analysis

	ACNDF	ASPZ	ADPPF	AZLCZ	ABCP	AANNF	BREUF	AGTK
ACNDF		0.51	-0.18	-0.69	0.56	0.56	0.49	0.0	ACNDF
ASPZ	0.51		-0.16	-0.75	0.53	0.63	0.77	0.0	ASPZ
ADPPF	-0.18	-0.16		0.37	-0.18	-0.48	-0.4	0.0	ADPPF
AZLCZ	-0.69	-0.75	0.37		-0.64	-0.69	-0.83	0.0	AZLCZ
ABCP	0.56	0.53	-0.18	-0.64		0.36	0.53	0.0	ABCP
AANNF	0.56	0.63	-0.48	-0.69	0.36		0.74	0.0	AANNF
BREUF	0.49	0.77	-0.4	-0.83	0.53	0.74		0.0	BREUF
AGTK	0.0	0.0	0.0	0.0	0.0	0.0	0.0		AGTK
	ACNDF	ASPZ	ADPPF	AZLCZ	ABCP	AANNF	BREUF	AGTK

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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

BREUF	+ 0.77	ASPZ
BREUF	+ 0.74	AANNF
AANNF	+ 0.63	ASPZ
ABCP	+ 0.56	ACNDF
AANNF	+ 0.56	ACNDF
ABCP	+ 0.53	ASPZ

High negative correlations

BREUF	- 0.83	AZLCZ
AZLCZ	- 0.75	ASPZ
AANNF	- 0.69	AZLCZ
AZLCZ	- 0.69	ACNDF
ABCP	- 0.64	AZLCZ
AANNF	- 0.48	ADPPF

Risk-Adjusted Indicators

There is a big difference between Avalon Stock performing well and Avalon GloboCare 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 Avalon GloboCare'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
ACNDF	1.72	(0.12)	0.00	(0.18)	0.00	0.00	6.06	(5.48)	20.78
ASPZ	18.32	2.27	0.08	(0.61)	19.05	(36.04)	75.36	(42.14)	140.50
ADPPF	0.88	0.44	0.00	8.08	0.00	0.00	0.00	0.00	29.63
AZLCZ	1.92	0.60	0.15	1.68	2.03	(3.59)	5.92	(4.69)	17.06
ABCP	2.12	(0.02)	0.00	(0.11)	0.00	0.00	6.67	(3.45)	18.79
AANNF	0.80	(0.36)	0.00	(1.90)	0.00	0.00	0.00	0.00	13.73
BREUF	1.12	(0.14)	0.00	(0.49)	0.00	0.00	2.59	(3.33)	12.47
AGTK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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