AudioEye Correlations

AudioEye Correlation With Market

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AudioEye. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. For information on how to trade AudioEye Stock refer to our How to Trade AudioEye Stock guide.

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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    INLX + 0.78 ALKT INLX + 0.74 API PYCR + 0.67 ALKT EGAN + 0.67 MIXT HKIT + 0.66 MIXT EGAN + 0.57 HKIT

High negative correlations    INLX - 0.82 MIXT MIXT - 0.76 ALKT INLX - 0.57 HKIT HKIT - 0.55 PYCR INLX - 0.53 EGAN API - 0.52 MIXT

Risk-Adjusted Indicators

There is a big difference between AudioEye Stock performing well and AudioEye 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 AudioEye'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.