AIM ImmunoTech Correlations

Stocks . UK . 
Stock . AIM ImmunoTech
0A4Y Stock   0.20  0.01  5.26%   
The current 90-days correlation between AIM ImmunoTech and Zoom Video Communications is 0.19 (i.e., Average diversification). The correlation of AIM ImmunoTech 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. If the correlation is 0, the equities are not correlated; they are entirely random.

AIM ImmunoTech Correlation With Market

Significant diversification

The correlation between AIM ImmunoTech 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 AIM ImmunoTech and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to AIM ImmunoTech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AIM ImmunoTech 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 AIM ImmunoTech - 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 AIM ImmunoTech to buy it.

Moving together with AIM Stock

  0.80Y5F Endo International PLCPairCorr
  0.650KDU OverstockPairCorr
  0.65IIG Intuitive InvestmentsPairCorr
  0.69ARB Argo Blockchain PLCPairCorr

Moving against AIM Stock

  0.770KTI EnbridgePairCorr
  0.75CPG Compass Group PLCPairCorr
  0.69HSBK Halyk BankPairCorr
  0.67CLDN Caledonia InvestmentsPairCorr
  0.610A1O Zoom Video CommunicationsPairCorr
  0.55SOM Somero EnterprisePairCorr
  0.41OBI Ondine BiomedicalPairCorr
  0.35TM1 Technology Minerals PLCPairCorr
  0.82DEC Diversified EnergyPairCorr
  0.79SGE Sage Group PLCPairCorr
  0.77IMB Imperial Brands PLCPairCorr
  0.77APTA Aptamer Group PLCPairCorr
  0.71ARC Arcontech Group PlcPairCorr
  0.65ENOG Energean Oil GasPairCorr
  0.64CNE Capricorn Energy PLCPairCorr
  0.61TFIF TwentyFour IncomePairCorr
  0.6AMRQ Amaroq MineralsPairCorr
  0.52ATY Athelney Trust plcPairCorr
  0.43ITH Ithaca Energy PLCPairCorr
  0.42ZIOC Zanaga Iron OrePairCorr
  0.42TRX Tissue Regenix GroupPairCorr
  0.320NW1 Compagnie Plastic OmniumPairCorr
  0.31QBT Quantum BlockchainPairCorr

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   
CNE
+ 0.89
0KTI
ENOG
+ 0.87
DEC
TFIF
+ 0.84
CNE
DEC
+ 0.83
0KTI
CNE
+ 0.83
SOM
TFIF
+ 0.82
0KTI
  
High negative correlations   
DEC
- 0.84
0Y5F
CNE
- 0.77
0Y5F
ENOG
- 0.75
0Y5F
0Y5F
- 0.73
0KTI
SOM
- 0.7
0Y5F
TFIF
- 0.67
0Y5F

Risk-Adjusted Indicators

There is a big difference between AIM Stock performing well and AIM ImmunoTech 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 AIM ImmunoTech'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 AIM ImmunoTech 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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AIM ImmunoTech Corporate Executives

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