American Fiber Correlations
| AFBGDelisted Stock | USD 0.0003 0.0007 70.00% |
The current 90-days correlation between American Fiber Green and ioneer Ltd American is 0.17 (i.e., Average diversification). The correlation of American Fiber 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 |
The ability to find closely correlated positions to American Fiber 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 Fiber 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 Fiber - 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 Fiber Green to buy it.
Moving against American Pink Sheet
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| 0.45 | 268317AC8 | EDF 695 26 | PairCorr |
| 0.45 | PLTR | Palantir Technologies Earnings Call This Week | PairCorr |
| 0.36 | ORCL | Oracle | PairCorr |
| 0.79 | FDP | Fresh Del Monte | PairCorr |
| 0.67 | TGNA | Tegna Inc | PairCorr |
| 0.49 | DNOW | Now Inc | PairCorr |
| 0.41 | TPVG | Triplepoint Venture | PairCorr |
| 0.4 | BTCM | BIT Mining | PairCorr |
| 0.36 | OB | Outbrain | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 American Pink Sheet performing well and American Fiber 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 Fiber'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IONR | 3.48 | (0.91) | 0.00 | (0.65) | 0.00 | 6.73 | 27.98 | |||
| IIIN | 1.58 | 0.01 | (0.02) | 0.12 | 1.73 | 3.46 | 11.82 | |||
| SUM | 0.94 | 0.39 | 0.31 | 9.77 | 0.15 | 4.18 | 9.88 | |||
| MARIF | 1.72 | 0.41 | 0.11 | 9.05 | 1.50 | 5.14 | 19.22 | |||
| MESA | 2.95 | 0.61 | 0.14 | 21.00 | 3.00 | 9.80 | 23.87 | |||
| SNCY | 2.30 | 0.50 | 0.15 | (1.49) | 2.19 | 6.65 | 16.71 | |||
| LOMLF | 2.88 | (0.02) | (0.01) | 0.05 | 3.35 | 5.88 | 27.05 | |||
| CHMN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
American Fiber 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 American Fiber pink sheet to make a market-neutral strategy. Peer analysis of American Fiber could also be used in its relative valuation, which is a method of valuing American Fiber by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
American Fiber Corporate Executives
Elected by the shareholders, the American Fiber's board of directors comprises two types of representatives: American Fiber inside directors who are chosen from within the company, and outside directors, selected externally and held independent of American. The board's role is to monitor American Fiber's management team and ensure that shareholders' interests are well served. American Fiber'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, American Fiber's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Frank Puissegur | CFO, Principal Accounting Officer and Member of Audit Committee | Profile |
Still Interested in American Fiber Green?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.