Aino Health Correlations
| AINO Stock | SEK 0.23 0.01 4.17% |
The current 90-days correlation between Aino Health AB and Acarix AS is -0.17 (i.e., Good diversification). The correlation of Aino 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.
Aino Health Correlation With Market
Good diversification
The correlation between Aino Health AB and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aino Health AB and DJI in the same portfolio, assuming nothing else is changed.
Aino |
The ability to find closely correlated positions to Aino Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aino Health 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 Aino Health - 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 Aino Health AB to buy it.
Moving together with Aino Stock
| 0.78 | EWRK | eWork Group AB Earnings Call This Week | PairCorr |
| 0.71 | TOL | Toleranzia AB | PairCorr |
| 0.66 | EOLU-B | Eolus Vind AB | PairCorr |
| 0.79 | BILL | BillerudKorsnas AB | PairCorr |
Moving against Aino Stock
| 0.74 | PACT | Proact IT Group | PairCorr |
| 0.68 | DUST | Dustin Group AB | PairCorr |
| 0.62 | EXS | Exsitec Holding AB Earnings Call Tomorrow | PairCorr |
| 0.39 | B3 | B3 Consulting Group | PairCorr |
| 0.38 | NNH | New Nordic Healthbrands | PairCorr |
| 0.36 | ANOD-B | Addnode Group AB | PairCorr |
Related Correlations Analysis
| 0.77 | 0.7 | -0.26 | 0.71 | AERO | ||
| 0.77 | 0.8 | -0.12 | 0.7 | ACARIX | ||
| 0.7 | 0.8 | 0.07 | 0.46 | CLEMO | ||
| -0.26 | -0.12 | 0.07 | -0.07 | AROC | ||
| 0.71 | 0.7 | 0.46 | -0.07 | EPIS-B | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Aino Stock performing well and Aino 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 Aino 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AERO | 4.32 | (0.21) | 0.00 | 0.14 | 0.00 | 14.17 | 47.45 | |||
| ACARIX | 3.06 | (0.66) | 0.00 | (0.23) | 0.00 | 4.35 | 33.86 | |||
| CLEMO | 2.90 | (0.80) | 0.00 | (29.83) | 0.00 | 6.06 | 22.89 | |||
| AROC | 3.62 | 0.29 | 0.05 | 0.61 | 3.76 | 10.26 | 23.70 | |||
| EPIS-B | 3.17 | 0.24 | 0.01 | (0.10) | 3.67 | 8.33 | 34.97 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Aino Health 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.Did you try this?
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