American Aires Correlations

AAIRF Stock

USD 0.15 0.01 7.14%

The correlation of American Aires 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.

American Aires Correlation With Market

Significant diversification

The correlation between American Aires 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 American Aires and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to American Aires could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Aires 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 American Aires - 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 American Aires to buy it.

Moving together with American Pink Sheet

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0.82	MRAAY	Murata Manufacturing Earnings Call Next Week	Pair Corr

Moving against American Pink Sheet

0.82	MSTR	MicroStrategy Incorporated Aggressive Push	Pair Corr
0.75	JOBY	Joby Aviation Aggressive Push	Pair Corr
0.74	FLEX	Flex	Pair Corr
0.74	SOTGY	Sunny Optical Technology	Pair Corr
0.69	MNPR	Monopar Therapeutics Trending	Pair Corr
0.69	UPST	Upstart Holdings Buyout Trend	Pair Corr
0.62	APH	Amphenol	Pair Corr
0.62	DNOW	Now Inc	Pair Corr
0.57	JBL	Jabil Circuit	Pair Corr
0.37	GLW	Corning Incorporated Earnings Call This Week	Pair Corr
0.85	BTI	British American Tobacco	Pair Corr
0.83	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.81	SMID	Smith Midland Corp	Pair Corr
0.79	TGNA	Tegna Inc	Pair Corr
0.78	TPVG	Triplepoint Venture	Pair Corr
0.74	EXCH	Exchange Bankshares	Pair Corr
0.74	DAVA	Endava	Pair Corr
0.71	BCML	BayCom Corp	Pair Corr
0.64	FDP	Fresh Del Monte	Pair Corr
0.62	GILT	Gilat Satellite Networks	Pair Corr
0.6	268317AC8	EDF 695 26	Pair Corr
0.59	VUZI	Vuzix Corp Cmn Tech Boost	Pair Corr
0.5	AIR	AAR Corp	Pair Corr
0.4	MGRC	McGrath RentCorp	Pair Corr
0.39	FRSX	Foresight Autonomous	Pair Corr
0.32	DNA	Ginkgo Bioworks Holdings Trending	Pair Corr

Related Correlations Analysis

	ALPE	APELY	BMNR	AMOT	ASAAF	AUOTY	BHE	BELFA	MEI	VIAO
ALPE		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ALPE
APELY	0.0		0.22	-0.03	0.49	0.03	0.19	0.46	0.04	-0.01	APELY
BMNR	0.0	0.22		0.61	-0.17	-0.35	0.39	-0.36	0.59	-0.8	BMNR
AMOT	0.0	-0.03	0.61		-0.49	-0.55	0.05	-0.54	0.78	-0.6	AMOT
ASAAF	0.0	0.49	-0.17	-0.49		0.41	-0.05	0.8	-0.36	0.43	ASAAF
AUOTY	0.0	0.03	-0.35	-0.55	0.41		0.23	0.52	-0.36	0.37	AUOTY
BHE	0.0	0.19	0.39	0.05	-0.05	0.23		-0.04	0.22	-0.58	BHE
BELFA	0.0	0.46	-0.36	-0.54	0.8	0.52	-0.04		-0.27	0.64	BELFA
MEI	0.0	0.04	0.59	0.78	-0.36	-0.36	0.22	-0.27		-0.54	MEI
VIAO	0.0	-0.01	-0.8	-0.6	0.43	0.37	-0.58	0.64	-0.54		VIAO
	ALPE	APELY	BMNR	AMOT	ASAAF	AUOTY	BHE	BELFA	MEI	VIAO

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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

BELFA	+ 0.8	ASAAF
MEI	+ 0.78	AMOT
VIAO	+ 0.64	BELFA
AMOT	+ 0.61	BMNR
MEI	+ 0.59	BMNR
BELFA	+ 0.52	AUOTY

High negative correlations

VIAO	- 0.8	BMNR
VIAO	- 0.6	AMOT
VIAO	- 0.58	BHE
AUOTY	- 0.55	AMOT
VIAO	- 0.54	MEI
BELFA	- 0.54	AMOT

Risk-Adjusted Indicators

There is a big difference between American Pink Sheet performing well and American Aires 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 American Aires' 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
ALPE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
APELY	1.19	(0.05)	0.00	(1.47)	0.00	0.00	3.99	(4.11)	14.30
BMNR	11.14	2.22	0.12	9.91	11.41	(22.66)	37.50	(22.41)	100.37
AMOT	1.53	0.14	0.05	2.26	2.13	(1.55)	3.59	(3.35)	9.59
ASAAF	1.35	(0.73)	0.00	(0.98)	0.00	0.00	0.00	0.00	38.12
AUOTY	1.30	0.53	0.37	(3.60)	0.84	(1.84)	2.83	(1.68)	7.20
BHE	1.45	0.16	0.09	0.30	1.57	(1.72)	3.05	(2.78)	13.72
BELFA	1.58	(0.25)	0.00	(0.62)	0.00	0.00	3.53	(4.24)	13.08
MEI	3.00	0.32	0.09	0.32	3.38	(3.55)	7.70	(5.48)	29.97
VIAO	20.35	2.70	0.10	0.30	19.78	(44.92)	66.67	(46.43)	232.14

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Our tools can tell you how much better you can do entering a position in American Aires 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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American Aires Corporate Management

Christoffer Guajala	Chief Officer	Profile
Dimitry Serov	CEO, Founder	Profile
Josh Bruni	Chief Officer	Profile
Robert BA	Chief Officer	Profile

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