Alpha Correlations
| AOSL Stock | USD 36.05 3.63 9.15% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alpha moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alpha and Omega moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Alpha Correlation With Market
Weak diversification
The correlation between Alpha and Omega and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alpha and Omega and DJI in the same portfolio, assuming nothing else is changed.
Alpha |
Moving together with Alpha Stock
Moving against Alpha Stock
| 0.58 | AMZN | Amazon Inc Aggressive Push | PairCorr |
| 0.53 | KSCP | Knightscope | PairCorr |
| 0.52 | EBON | Ebang International | PairCorr |
| 0.43 | BAER | Bridger Aerospace | PairCorr |
| 0.41 | NTGR | NETGEAR | PairCorr |
| 0.34 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.33 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.32 | NVDA | NVIDIA | PairCorr |
| 0.49 | GOOG | Alphabet Class C | PairCorr |
| 0.37 | NDAQ | Nasdaq Inc | PairCorr |
| 0.34 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.33 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | 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 Stock performing well and Alpha 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'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FSLR | 2.56 | (0.28) | 0.00 | (0.90) | 0.00 | 5.38 | 25.32 | |||
| RUN | 3.56 | (0.55) | 0.00 | 0.48 | 0.00 | 6.23 | 40.96 | |||
| CSIQ | 4.32 | 0.20 | 0.00 | (0.21) | 6.25 | 9.83 | 35.56 | |||
| SEDG | 4.91 | (0.69) | 0.00 | (0.96) | 0.00 | 8.55 | 33.63 | |||
| NOVA | 5.83 | (0.16) | 0.00 | 0.16 | 0.00 | 14.31 | 66.13 | |||
| JKS | 4.55 | 0.57 | 0.06 | (1.02) | 6.15 | 9.45 | 36.24 | |||
| MAXN | 8.54 | (0.20) | 0.00 | 0.50 | 0.00 | 15.60 | 59.83 |
Alpha Corporate Executives
Elected by the shareholders, the Alpha's board of directors comprises two types of representatives: Alpha inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Alpha. The board's role is to monitor Alpha's management team and ensure that shareholders' interests are well served. Alpha'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, Alpha's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Yifan Liang | CFO and Corporate Secretary | Profile |