Akeso, Correlations
| AKESF Stock | 8.80 0.51 6.15% |
The current 90-days correlation between Akeso, Inc and Pintec Technology Holdings is -0.11 (i.e., Good diversification). The correlation of Akeso, 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.
Akeso, Correlation With Market
Good diversification
The correlation between Akeso, Inc and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Akeso, Inc and DJI in the same portfolio, assuming nothing else is changed.
Akeso, |
The ability to find closely correlated positions to Akeso, could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Akeso, 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 Akeso, - 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 Akeso, Inc to buy it.
Moving together with Akeso, Pink Sheet
| 0.81 | META | Meta Platforms | PairCorr |
| 0.61 | WMT | Walmart Aggressive Push | PairCorr |
| 0.83 | HD | Home Depot | PairCorr |
| 0.77 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.67 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.67 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.63 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.69 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
Moving against Akeso, Pink Sheet
| 0.74 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.46 | AMIX | Autonomix Medical, Common | PairCorr |
Related Correlations Analysis
| -0.46 | 0.5 | -0.44 | 0.35 | -0.59 | PT | ||
| -0.46 | -0.54 | 0.84 | 0.13 | 0.8 | FIZZ | ||
| 0.5 | -0.54 | -0.5 | 0.17 | -0.6 | CELH | ||
| -0.44 | 0.84 | -0.5 | 0.27 | 0.8 | UVSP | ||
| 0.35 | 0.13 | 0.17 | 0.27 | -0.19 | MJWNY | ||
| -0.59 | 0.8 | -0.6 | 0.8 | -0.19 | APAM | ||
| 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 Akeso, Pink Sheet performing well and Akeso, 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 Akeso,'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PT | 2.50 | 0.01 | (0.03) | 0.33 | 3.26 | 6.32 | 24.51 | |||
| FIZZ | 0.90 | 0.04 | (0.03) | 0.23 | 1.06 | 2.13 | 6.35 | |||
| CELH | 2.71 | (0.47) | 0.00 | (0.56) | 0.00 | 5.82 | 20.47 | |||
| UVSP | 1.58 | 0.01 | 0.09 | 0.13 | 1.53 | 3.47 | 18.49 | |||
| MJWNY | 0.63 | (0.11) | 0.00 | (0.81) | 0.00 | 0.00 | 14.59 | |||
| APAM | 1.36 | 0.03 | 0.07 | 0.14 | 1.59 | 2.52 | 12.25 |
Akeso, 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 Akeso, pink sheet to make a market-neutral strategy. Peer analysis of Akeso, could also be used in its relative valuation, which is a method of valuing Akeso, by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |