Airgain Correlations

Airgain Correlation With Market

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Airgain. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more detail on how to invest in Airgain Stock please use our How to Invest in Airgain guide.

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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    AKTS + 0.75 CPSH CRNT + 0.69 CPSH CRNT + 0.63 AKTS CPSH + 0.0 PCTI AKTS + 0.0 PCTI CMBM + 0.0 PCTI

High negative correlations    CRNT - 0.54 CMBM CMBM - 0.49 AKTS CMBM - 0.16 CPSH CRNT - 0.0 PCTI CMBM - 0.0 PCTI AKTS - 0.0 PCTI

Risk-Adjusted Indicators

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