Affinity Networks Correlations
| AFFN Stock | USD 0.0002 0.00 0.00% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Affinity Networks moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Affinity Networks moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Affinity Networks Correlation With Market
Poor diversification
The correlation between Affinity Networks and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Affinity Networks and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Affinity Networks could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Affinity Networks 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 Affinity Networks - 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 Affinity Networks to buy it.
Moving together with Affinity Pink Sheet
| 0.87 | INTC | Intel Aggressive Push | PairCorr |
| 0.63 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.67 | MRK | Merck Company Aggressive Push | PairCorr |
| 0.83 | BA | Boeing | PairCorr |
| 0.79 | DD | Dupont De Nemours Earnings Call Today | PairCorr |
| 0.84 | CAT | Caterpillar | PairCorr |
| 0.76 | JNJ | Johnson Johnson | PairCorr |
| 0.73 | AA | Alcoa Corp | PairCorr |
Moving against Affinity Pink Sheet
| 0.86 | NOW | ServiceNow | PairCorr |
| 0.85 | INTU | Intuit Inc | PairCorr |
| 0.84 | HPQ | HP Inc | PairCorr |
| 0.72 | MSFT | Microsoft | PairCorr |
| 0.7 | SNOW | Snowflake | PairCorr |
| 0.66 | SAPGF | SAP SE | PairCorr |
| 0.65 | SAP | SAP SE ADR | PairCorr |
| 0.62 | CRM | Salesforce | PairCorr |
| 0.61 | SHOP | Shopify Earnings Call Today | PairCorr |
| 0.56 | APP | Applovin Corp Earnings Call This Week | PairCorr |
| 0.46 | UBER | Uber Technologies | PairCorr |
| 0.38 | CDNS | Cadence Design Systems | 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 Affinity Pink Sheet performing well and Affinity Networks 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 Affinity Networks' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CTKYY | 58.19 | 25.67 | 0.53 | 3.99 | 22.02 | 352.49 | 688.51 | |||
| CUEN | 136.87 | 80.72 | 2.54 | (0.89) | 14.38 | 140.00 | 3,444 | |||
| TSCC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NYXO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LRDG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BVTK | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ZTNO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PMSO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TCCO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AWIN | 1.49 | (0.71) | 0.00 | 1.09 | 0.00 | 0.00 | 50.00 |
Be your own money manager
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