Alpha En Correlations
| ALPE Stock | USD 0.0002 0.00 0.00% |
The correlation of Alpha En 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.
Alpha En Correlation With Market
Average diversification
The correlation between alpha En and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding alpha En and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Alpha En could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alpha En when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Alpha En - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling alpha En to buy it.
Moving together with Alpha Pink Sheet
| 0.83 | EC | Ecopetrol SA ADR | PairCorr |
| 0.82 | TECTP | Tectonic Financial | PairCorr |
| 0.78 | FARM | Farmer Bros | PairCorr |
| 0.84 | BLTH | American Battery Mat Trending | PairCorr |
| 0.76 | CIMO | Chimera Investment | PairCorr |
| 0.68 | GLBXF | Globex Mining Enterprises | PairCorr |
| 0.73 | SDHY | PGIM Short Duration | PairCorr |
| 0.77 | BSET | Bassett Furniture | PairCorr |
| 0.65 | AWLIF | Ameriwest Lithium | PairCorr |
| 0.82 | BTT | Blackrock Municipal | PairCorr |
| 0.7 | WZZAF | Wizz Air Holdings | PairCorr |
| 0.63 | CHT | Chunghwa Telecom | PairCorr |
| 0.86 | SGAPY | Singapore Telecommunicatio | PairCorr |
| 0.62 | AONNY | Aeon Co | PairCorr |
| 0.87 | SR | Spire Inc | PairCorr |
| 0.68 | MDLZ | Mondelez International | PairCorr |
| 0.69 | DVRNF | Deveron Corp | PairCorr |
Moving against Alpha Pink Sheet
| 0.76 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.72 | BKRKY | Bank Rakyat | PairCorr |
| 0.72 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.7 | PTAIY | Astra International Tbk | PairCorr |
| 0.69 | UHG | United Homes Group | PairCorr |
| 0.34 | DMIFF | Diamcor Mining | PairCorr |
| 0.63 | QMCO | Quantum Trending | PairCorr |
| 0.44 | BOWL | Bowlero Corp Symbol Change | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Alpha Pink Sheet performing well and Alpha En 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 Alpha En'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| APELY | 0.96 | 0.07 | 0.05 | (7.07) | 1.56 | 3.99 | 14.30 | |||
| BMNR | 10.64 | 2.02 | 0.13 | 0.54 | 11.02 | 35.71 | 73.46 | |||
| AAIRF | 5.96 | (0.03) | 0.00 | (0.29) | 0.00 | 15.38 | 32.05 | |||
| AMOT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ASAAF | 1.14 | (0.33) | 0.00 | (0.45) | 0.00 | 0.00 | 38.12 | |||
| AUOTY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BHE | 1.36 | (0.20) | 0.00 | (0.38) | 0.00 | 2.50 | 10.57 | |||
| BELFA | 1.84 | (0.32) | 0.00 | (0.88) | 0.00 | 3.53 | 13.15 | |||
| MEI | 3.12 | (0.61) | 0.00 | (0.36) | 0.00 | 4.91 | 38.95 | |||
| VIAO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Alpha En without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Alpha En Corporate Management
| Landon Oakes | Chief Officer | Profile | |
| Vinder Sokhi | Chief Officer | Profile | |
| Thomas Suppanz | Chief Officer | Profile | |
| Steven Fludder | Consultant | Profile | |
| Emilie Bodoin | MD Devel | Profile |