Aida Engineering Correlations
| ADERY Stock | USD 77.56 0.00 0.00% |
The current 90-days correlation between Aida Engineering and Heidelberger Druckmaschinen Aktiengesellschaft is -0.03 (i.e., Good diversification). The correlation of Aida Engineering 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.
Aida Engineering Correlation With Market
Very poor diversification
The correlation between Aida Engineering Ltd and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aida Engineering Ltd and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Aida Engineering could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aida Engineering 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 Aida Engineering - 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 Aida Engineering Ltd to buy it.
Moving together with Aida Pink Sheet
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| 0.8 | SMAWF | Siemens AG Class Earnings Call This Week | PairCorr |
| 0.86 | PH | Parker Hannifin | PairCorr |
| 0.82 | EMR | Emerson Electric | PairCorr |
| 0.86 | CMI | Cummins | PairCorr |
| 0.79 | WMT | Walmart Common Stock | PairCorr |
| 0.85 | SAR | Saratoga Investment Corp | PairCorr |
| 0.62 | VLKAF | Volkswagen AG | PairCorr |
| 0.63 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.74 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.94 | AA | Alcoa Corp | PairCorr |
| 0.7 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.83 | DD | Dupont De Nemours | PairCorr |
| 0.66 | INTC | Intel | PairCorr |
| 0.81 | MRK | Merck Company | PairCorr |
| 0.65 | CVX | Chevron Corp Sell-off Trend | PairCorr |
Moving against Aida Pink Sheet
| 0.51 | HNHPF | Hon Hai Precision | PairCorr |
| 0.49 | JD | JD Inc Adr | PairCorr |
| 0.62 | MSFT | Microsoft Sell-off Trend | PairCorr |
| 0.47 | MMM | 3M Company | 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 Aida Pink Sheet performing well and Aida Engineering 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 Aida Engineering'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HBGRF | 0.69 | 0.39 | 0.00 | (0.94) | 0.00 | 0.00 | 18.92 | |||
| SEIGY | 0.33 | 0.10 | 0.00 | 0.59 | 0.00 | 0.00 | 13.54 | |||
| NLLSY | 0.73 | (0.06) | 0.00 | 0.24 | 0.00 | 1.19 | 14.90 | |||
| DURYY | 1.51 | 0.36 | 0.00 | (0.48) | 0.00 | 1.28 | 43.73 | |||
| NLLSF | 3.20 | 0.22 | 0.02 | (4.80) | 3.35 | 8.33 | 17.79 | |||
| SSMFF | 0.61 | (0.27) | 0.00 | 2.04 | 0.00 | 0.00 | 12.50 | |||
| ENJPY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WJXFF | 0.99 | 0.27 | 0.08 | 1.15 | 0.91 | 2.88 | 12.15 | |||
| CHFFY | 0.75 | 0.41 | 0.00 | (0.82) | 0.00 | 0.00 | 25.19 | |||
| SEIGF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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Aida Engineering Corporate Management
| Mitsuru Hirasawa | Chair Off | Profile | |
| Yasuyuki Kaneoya | Ex GmbH | Profile | |
| Yoshinori Ozaki | Managing Headquarters | Profile | |
| Naoki Nakatsuka | Exec Headquarters | Profile | |
| Teck Yap | Operating Director | Profile | |
| Toshihiko Suzuki | COO, VP | Profile |