Airnet Technology Correlations

ANTE Stock

USD 0.51 0.02 4.08%

The correlation of Airnet Technology 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.

Airnet Technology Correlation With Market

Significant diversification

The correlation between Airnet Technology and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Airnet Technology 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 Airnet Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For information on how to trade Airnet Stock refer to our How to Trade Airnet Stock guide.

Moving against Airnet Stock

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0.45	IAS	Integral Ad Science	Pair Corr
0.42	FLNT	Fluent Inc	Pair Corr
0.39	CCO	Clear Channel Outdoor Buyout Trend	Pair Corr
0.37	GCI	Gannett	Pair Corr
0.35	TSQ	Townsquare Media	Pair Corr
0.34	MCS	Marcus	Pair Corr
0.31	LVO	LiveOne	Pair Corr
0.35	CABO	Cable One	Pair Corr
0.35	EB	Eventbrite Class A	Pair Corr
0.33	SPHR	Sphere Entertainment	Pair Corr
0.33	OB	Outbrain	Pair Corr
0.32	TZOO	Travelzoo	Pair Corr
0.31	MSGE	Madison Square Garden	Pair Corr
0.31	CMLS	Cumulus Media Class	Pair Corr
0.31	TC	TuanChe ADR	Pair Corr

Related Correlations Analysis

	ATIF	MFH	TAOP	DTSS	AIHS
ATIF		0.0	0.0	0.0	0.0	ATIF
MFH	0.0		0.04	0.09	0.26	MFH
TAOP	0.0	0.04		0.52	0.71	TAOP
DTSS	0.0	0.09	0.52		0.44	DTSS
AIHS	0.0	0.26	0.71	0.44		AIHS
	ATIF	MFH	TAOP	DTSS	AIHS

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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

AIHS	+ 0.71	TAOP
DTSS	+ 0.52	TAOP
AIHS	+ 0.44	DTSS
AIHS	+ 0.26	MFH
DTSS	+ 0.09	MFH
TAOP	+ 0.04	MFH

High negative correlations

AIHS	- 0.0	ATIF
DTSS	- 0.0	ATIF
TAOP	- 0.0	ATIF
MFH	- 0.0	ATIF

Risk-Adjusted Indicators

There is a big difference between Airnet Stock performing well and Airnet Technology 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 Airnet Technology'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
ATIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MFH	4.60	0.36	0.05	0.14	5.30	(5.00)	10.69	(7.99)	33.70
TAOP	3.64	(0.66)	0.00	0.81	0.00	0.00	6.67	(9.68)	26.34
DTSS	2.52	0.10	0.03	0.05	3.17	(2.83)	4.55	(5.19)	18.17
AIHS	2.53	0.09	0.03	0.05	3.31	(3.14)	5.68	(6.54)	23.64

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