Aimei Health Correlations

AFJKU Stock

10.75 0.20 1.83%

The current 90-days correlation between Aimei Health Technology and Sphere Entertainment Co is -0.11 (i.e., Good diversification). The correlation of Aimei Health 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.

Aimei Health Correlation With Market

Significant diversification

The correlation between Aimei Health Technology and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aimei Health Technology and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aimei Health Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Aimei Stock

0.62

VCIC

Vine Hill Capital

Pair Corr

Moving against Aimei Stock

0.73	EMCGW	Embrace Change Acqui	Pair Corr
0.61	BRACR	Broad Capital Acquisition	Pair Corr
0.45	EMCGR	Embrace Change Acqui	Pair Corr
0.43	TETEW	Technology Telecommunicatio	Pair Corr
0.41	HHGCU	HHG Capital Corp	Pair Corr
0.65	WAVSW	Western Acquisition	Pair Corr
0.44	DISTR	Distoken Acquisition	Pair Corr
0.38	FACT	FACT II Acquisition	Pair Corr

Related Correlations Analysis

	SPHR	NVST	MSN	LASR	JBGS	MOSTQ	SKX	NTGR
SPHR		0.54	0.72	0.46	0.22	0.0	0.29	-0.29	SPHR
NVST	0.54		0.29	0.42	0.5	0.0	-0.07	-0.5	NVST
MSN	0.72	0.29		0.5	0.08	0.0	0.29	-0.22	MSN
LASR	0.46	0.42	0.5		0.49	0.0	0.13	-0.44	LASR
JBGS	0.22	0.5	0.08	0.49		0.0	0.11	-0.76	JBGS
MOSTQ	0.0	0.0	0.0	0.0	0.0		0.0	0.0	MOSTQ
SKX	0.29	-0.07	0.29	0.13	0.11	0.0		0.03	SKX
NTGR	-0.29	-0.5	-0.22	-0.44	-0.76	0.0	0.03		NTGR
	SPHR	NVST	MSN	LASR	JBGS	MOSTQ	SKX	NTGR

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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

MSN	+ 0.72	SPHR
NVST	+ 0.54	SPHR
JBGS	+ 0.5	NVST
LASR	+ 0.5	MSN
JBGS	+ 0.49	LASR
LASR	+ 0.46	SPHR

High negative correlations

NTGR	- 0.76	JBGS
NTGR	- 0.5	NVST
NTGR	- 0.44	LASR
NTGR	- 0.29	SPHR
NTGR	- 0.22	MSN
SKX	- 0.07	NVST

Risk-Adjusted Indicators

There is a big difference between Aimei Stock performing well and Aimei Health 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 Aimei Health'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
SPHR	1.79	0.07	0.00	0.46	2.18	(1.94)	3.49	(3.23)	9.60
NVST	1.66	(0.06)	(0.03)	0.03	2.30	(1.70)	3.63	(4.09)	11.51
MSN	2.69	0.11	0.01	0.41	3.09	(4.58)	6.12	(5.88)	33.84
LASR	3.35	0.33	0.04	(0.81)	5.00	(3.88)	5.87	(5.08)	51.57
JBGS	1.68	(0.28)	0.00	(0.28)	0.00	0.00	3.16	(4.01)	13.04
MOSTQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SKX	1.34	0.37	0.19	1.80	1.14	(1.50)	2.93	(2.24)	8.63
NTGR	1.83	0.48	0.18	1.74	1.94	(2.05)	4.41	(2.89)	13.29

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