America Great Correlations
| AAGH Stock | USD 0.0001 0.00 0.00% |
The current 90-days correlation between America Great Health and Avax Techs is 0.01 (i.e., Significant diversification). The correlation of America Great 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.
America Great Correlation With Market
Significant diversification
The correlation between America Great Health and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding America Great Health and DJI in the same portfolio, assuming nothing else is changed.
America |
The ability to find closely correlated positions to America Great could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace America Great 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 America Great - 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 America Great Health to buy it.
Moving together with America Pink Sheet
| 0.74 | SHG | Shinhan Financial | PairCorr |
| 0.65 | WF | Woori Financial Group | PairCorr |
| 0.69 | KB | KB Financial Group | PairCorr |
| 0.64 | BAER | Bridger Aerospace Buyout Trend | PairCorr |
Moving against America Pink Sheet
| 0.76 | ZVIA | Zevia Pbc | PairCorr |
| 0.75 | AAL | American Airlines Earnings Call This Week | PairCorr |
| 0.74 | KODK | Eastman Kodak | PairCorr |
| 0.71 | TSLA | Tesla Inc Aggressive Push | PairCorr |
| 0.7 | QBTS | D Wave Quantum | PairCorr |
| 0.6 | UAL | United Airlines Holdings Earnings Call This Week | PairCorr |
| 0.58 | ASML | ASML Holding NV Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.55 | FNMFO | Federal National Mortgage | PairCorr |
| 0.53 | QNCX | Quince Therapeutics, | PairCorr |
| 0.41 | CIB | Bancolombia SA ADR | PairCorr |
| 0.33 | AVAL | Grupo Aval | PairCorr |
| 0.32 | BZUSD | Brent Crude Oil | PairCorr |
| 0.79 | FWONK | Liberty Media | PairCorr |
| 0.77 | WSM | Williams Sonoma | PairCorr |
| 0.75 | WMT | Walmart | PairCorr |
| 0.72 | SOUN | SoundHound AI | PairCorr |
| 0.71 | FSK | FS KKR Capital | PairCorr |
| 0.69 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.67 | CLS | Celestica | PairCorr |
| 0.66 | GOOGL | Alphabet Class A | PairCorr |
| 0.66 | RNMBF | Rheinmetall AG | PairCorr |
Related Correlations Analysis
| 0.0 | 0.11 | 0.0 | 0.0 | -0.62 | AKESF | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ADYX | ||
| 0.11 | 0.0 | 0.0 | 0.0 | -0.56 | AVXT | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | BCDAW | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ADILW | ||
| -0.62 | 0.0 | -0.56 | 0.0 | 0.0 | ASCLF | ||
| 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
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Risk-Adjusted Indicators
There is a big difference between America Pink Sheet performing well and America Great 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 America Great'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AKESF | 1.88 | (0.27) | 0.00 | (0.27) | 0.00 | 6.34 | 20.87 | |||
| ADYX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AVXT | 31.29 | 13.51 | 0.00 | 0.37 | 0.00 | 0.00 | 100.00 | |||
| BCDAW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ADILW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ASCLF | 1.89 | 0.74 | 0.00 | 2.92 | 0.00 | 0.00 | 33.33 |