Associated Capital Correlations
| ACDelisted Stock | USD 36.16 0.00 0.00% |
The correlation of Associated Capital 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.
Associated Capital Correlation With Market
Average diversification
The correlation between Associated Capital Group and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Associated Capital Group and DJI in the same portfolio, assuming nothing else is changed.
Associated |
Moving together with Associated Stock
| 0.69 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.62 | KB | KB Financial Group | PairCorr |
| 0.67 | SHG | Shinhan Financial | PairCorr |
| 0.63 | VHI | Valhi Inc Earnings Call This Week | PairCorr |
| 0.76 | TG | Tredegar | PairCorr |
| 0.69 | BKCYF | Bank Of Cyprus Holdings P Normal Trading | PairCorr |
| 0.62 | OXY | Occidental Petroleum Aggressive Push | PairCorr |
| 0.81 | XYIGY | Xinyi Glass Holdings | PairCorr |
Moving against Associated Stock
| 0.5 | RVTI | Rival Technologies | PairCorr |
| 0.44 | PBCRY | Bank Central Asia | PairCorr |
| 0.74 | EYPT | Eyepoint Pharmaceuticals Earnings Call This Week | PairCorr |
| 0.57 | SLI | Standard Lithium | PairCorr |
| 0.48 | KULR | KULR Technology Group | PairCorr |
| 0.36 | VWAGY | Volkswagen AG 110 | PairCorr |
Related Correlations Analysis
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 Associated Stock performing well and Associated Capital 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 Associated Capital'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LKADF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BETSF | 611.39 | 304.42 | 4.95 | 3.28 | 17.06 | 66.67 | 19,900 | |||
| COWN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GHL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GRDI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RAFFF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TRAA | 16.78 | 4.67 | 0.16 | (0.69) | 13.43 | 63.64 | 249.38 | |||
| BGMO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| UMFG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PROP | 3.03 | 0.04 | 0.00 | 0.14 | 3.49 | 8.89 | 21.34 |
Associated Capital Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Associated Capital stock to make a market-neutral strategy. Peer analysis of Associated Capital could also be used in its relative valuation, which is a method of valuing Associated Capital by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Associated Capital Group?
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