After You Correlations

AU Stock   9.55  0.05  0.52%   
The current 90-days correlation between After You Public and CP ALL Public is 0.46 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as After You moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if After You Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

After You Correlation With Market

Significant diversification

The correlation between After You Public and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding After You Public and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to After You could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace After You 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 After You - 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 After You Public to buy it.

Moving together with After Stock

  0.73M MK Restaurant GroupPairCorr
  0.66ZEN ZEN GroupPairCorr
  0.67CPALL-R CP ALL PublicPairCorr
  0.68CPALL CP ALL PublicPairCorr

Moving against After Stock

  0.55PTG-R PTG Energy PublicPairCorr
  0.5GVREIT Golden Ventures LeaseholdPairCorr
  0.45DELTA-R Delta Electronics PublicPairCorr

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   
HMPROAOT
HMPROCPALL
AOTCPALL
HMPROBTS
AOTBTS
BTSCPALL
  
High negative correlations   
AOTMINT
HMPROMINT
MINTCPALL
MINTBTS

Risk-Adjusted Indicators

There is a big difference between After Stock performing well and After You 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 After You'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in After You 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.

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After You Corporate Management

Elected by the shareholders, the After You's board of directors comprises two types of representatives: After You inside directors who are chosen from within the company, and outside directors, selected externally and held independent of After. The board's role is to monitor After You's management team and ensure that shareholders' interests are well served. After You'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, After You's outside directors are responsible for providing unbiased perspectives on the board's policies.