AIRA Factoring Correlations

AF Stock   0.59  0.01  1.67%   
The current 90-days correlation between AIRA Factoring Public and Amanah Leasing Public is 0.01 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AIRA Factoring moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AIRA Factoring Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

AIRA Factoring Correlation With Market

Very good diversification

The correlation between AIRA Factoring Public and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AIRA Factoring Public and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to AIRA Factoring could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AIRA Factoring 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 AIRA Factoring - 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 AIRA Factoring Public to buy it.

Moving together with AIRA Stock

  0.63KTC Krungthai Card PCLPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in AIRA Factoring 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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AIRA Factoring Corporate Management

Elected by the shareholders, the AIRA Factoring's board of directors comprises two types of representatives: AIRA Factoring inside directors who are chosen from within the company, and outside directors, selected externally and held independent of AIRA. The board's role is to monitor AIRA Factoring's management team and ensure that shareholders' interests are well served. AIRA Factoring's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, AIRA Factoring's outside directors are responsible for providing unbiased perspectives on the board's policies.