Agora Correlations

API Stock

USD 4.30 0.20 4.88%

The current 90-days correlation between Agora Inc and The Generation Essentials is 0.11 (i.e., Average diversification). The correlation of Agora 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.

Agora Correlation With Market

Very poor diversification

The correlation between Agora Inc and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Agora Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Agora Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Agora Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Agora Stock

0.88	ASUR	Asure Software	Pair Corr
0.76	SLF	Sun Life Financial Earnings Call This Week	Pair Corr
0.8	GLUC	Glucose Health	Pair Corr
0.67	CVX	Chevron Corp	Pair Corr
0.92	BA	Boeing	Pair Corr
0.79	MRK	Merck Company Aggressive Push	Pair Corr
0.77	INTC	Intel Aggressive Push	Pair Corr
0.74	JNJ	Johnson Johnson	Pair Corr
0.71	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.76	CAT	Caterpillar	Pair Corr

Moving against Agora Stock

0.88	DOMO	Domo Inc	Pair Corr
0.86	LPSN	LivePerson	Pair Corr
0.83	DDOG	Datadog Earnings Call This Week	Pair Corr
0.73	PD	Pagerduty	Pair Corr
0.72	DT	Dynatrace Holdings LLC	Pair Corr
0.69	ADSK	Autodesk	Pair Corr
0.69	BLIV	BeLive Holdings Ordinary	Pair Corr
0.67	TTD	Trade Desk	Pair Corr
0.67	MNDY	MondayCom Earnings Call This Week	Pair Corr
0.64	PAYC	Paycom Software Earnings Call This Week	Pair Corr
0.61	ESTC	Elastic NV	Pair Corr
0.61	PHUN	Phunware	Pair Corr
0.58	INTU	Intuit Inc	Pair Corr
0.57	HUBS	HubSpot	Pair Corr
0.55	TEAM	Atlassian Corp Plc	Pair Corr
0.5	MQ	Marqeta	Pair Corr
0.45	BMR	Beamr Imaging	Pair Corr
0.37	SIGL	Signal Advance	Pair Corr
0.34	MMM	3M Company	Pair Corr

Related Correlations Analysis

	RCT	QH	ATHR	SOGP	PSQH	IDN	WKEY	SAIH	HKIT	TGE
RCT		0.07	0.38	-0.23	0.92	-0.14	0.4	-0.26	0.1	-0.17	RCT
QH	0.07		0.48	-0.1	0.1	0.56	0.08	0.68	-0.22	-0.55	QH
ATHR	0.38	0.48		-0.19	0.34	0.43	0.12	0.3	-0.18	-0.53	ATHR
SOGP	-0.23	-0.1	-0.19		-0.16	-0.22	-0.13	0.08	-0.14	0.23	SOGP
PSQH	0.92	0.1	0.34	-0.16		-0.28	0.36	-0.33	0.12	-0.15	PSQH
IDN	-0.14	0.56	0.43	-0.22	-0.28		-0.32	0.63	-0.41	-0.48	IDN
WKEY	0.4	0.08	0.12	-0.13	0.36	-0.32		-0.17	0.37	0.17	WKEY
SAIH	-0.26	0.68	0.3	0.08	-0.33	0.63	-0.17		-0.15	-0.28	SAIH
HKIT	0.1	-0.22	-0.18	-0.14	0.12	-0.41	0.37	-0.15		0.33	HKIT
TGE	-0.17	-0.55	-0.53	0.23	-0.15	-0.48	0.17	-0.28	0.33		TGE
	RCT	QH	ATHR	SOGP	PSQH	IDN	WKEY	SAIH	HKIT	TGE

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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

PSQH	+ 0.92	RCT
SAIH	+ 0.68	QH
SAIH	+ 0.63	IDN
IDN	+ 0.56	QH
ATHR	+ 0.48	QH
IDN	+ 0.43	ATHR

High negative correlations

TGE	- 0.55	QH
TGE	- 0.53	ATHR
TGE	- 0.48	IDN
HKIT	- 0.41	IDN
SAIH	- 0.33	PSQH
WKEY	- 0.32	IDN

Risk-Adjusted Indicators

There is a big difference between Agora Stock performing well and Agora 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 Agora'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
RCT	4.02	(1.01)	0.00	(0.78)	0.00	0.00	8.76	(10.31)	22.43
QH	6.00	0.28	0.05	0.22	6.49	(7.78)	21.00	(10.48)	65.89
ATHR	2.96	(0.17)	0.00	(0.24)	0.00	0.00	7.88	(6.94)	25.31
SOGP	4.30	(0.09)	0.00	0.04	4.98	(5.16)	10.82	(10.01)	37.07
PSQH	3.73	(1.54)	0.00	(0.41)	0.00	0.00	6.67	(8.53)	19.40
IDN	3.27	0.46	0.06	(0.14)	3.29	(4.13)	5.94	(5.44)	47.19
WKEY	5.12	(1.16)	0.00	(0.33)	0.00	0.00	10.39	(9.95)	28.24
SAIH	4.84	(0.19)	(0.01)	0.00	6.46	(5.22)	11.13	(9.48)	51.10
HKIT	7.02	0.52	0.06	0.27	9.71	(7.16)	12.23	(15.12)	122.99
TGE	4.04	(0.10)	(0.02)	0.00	4.02	(5.89)	13.08	(7.30)	25.82

Agora Corporate Management

Andrew Thompson	Vice Sales	Profile
Ramana Kaps	Head Operations	Profile
Jingbo Wang	Chief Officer	Profile
Bin Zhao	CEO CoFounder	Profile
Heidi Schultz	Ex VP	Profile
Ke Wei	Chief Officer	Profile
Charles Hedden	Vice Operations	Profile

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