Astra Veda Correlations
| ASTA Stock | USD 0.0002 0.0001 100.00% |
The correlation of Astra Veda 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.
Astra Veda Correlation With Market
Very good diversification
The correlation between Astra Veda and DJI is -0.31 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Astra Veda and DJI in the same portfolio, assuming nothing else is changed.
Astra |
The ability to find closely correlated positions to Astra Veda could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Astra Veda 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 Astra Veda - 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 Astra Veda to buy it.
Moving together with Astra Pink Sheet
| 0.68 | MSTR | MicroStrategy Incorporated Aggressive Push | PairCorr |
| 0.64 | CDNS | Cadence Design Systems | PairCorr |
| 0.65 | GOOG | Alphabet Class C | PairCorr |
Moving against Astra Pink Sheet
| 0.67 | BSET | Bassett Furniture | PairCorr |
| 0.65 | BRK-A | Berkshire Hathaway | PairCorr |
| 0.65 | FARM | Farmer Bros | PairCorr |
| 0.65 | SR | Spire Inc | PairCorr |
| 0.61 | BABA | Alibaba Group Holding Aggressive Push | PairCorr |
| 0.56 | SGAPY | Singapore Telecommunicatio | PairCorr |
| 0.52 | CSTM | Constellium Nv | PairCorr |
| 0.52 | CMSQF | Computershare Limited | PairCorr |
| 0.49 | BTT | Blackrock Municipal | PairCorr |
| 0.36 | BLTH | American Battery Mat | PairCorr |
| 0.76 | MDLZ | Mondelez International | PairCorr |
| 0.58 | FREKF | freee KK | PairCorr |
| 0.54 | CLLNY | Cellnex Telecom SA | PairCorr |
| 0.53 | STJPF | St Jamess Place | PairCorr |
| 0.52 | WZZAF | Wizz Air Holdings | PairCorr |
| 0.49 | GRWC | Grow Capital | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Astra Pink Sheet performing well and Astra Veda 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 Astra Veda'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MJWL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LGBS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TONR | 3.39 | 0.46 | 0.00 | 0.00 | 0.00 | 0.00 | 100.00 | |||
| FERN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SPQS | 17.36 | 1.79 | 0.06 | (0.72) | 17.53 | 50.00 | 150.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Astra Veda 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?
Run Portfolio Rebalancing Now
Portfolio RebalancingAnalyze risk-adjusted returns against different time horizons to find asset-allocation targets |
| All Next | Launch Module |
Astra Veda Corporate Management
| Jeff Ballard | Acting Officer | Profile | |
| Mick Davis | CEO Chairman | Profile | |
| Lauri Tunnela | CTO CoFounder | Profile | |
| Brad Listermann | Founder Pres | Profile | |
| Ron MacDonald | GM Sales | Profile |