Agora Correlations

API Stock

USD 4.66 0.03 0.65%

The current 90-days correlation between Agora Inc and The Generation Essentials is 0.17 (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 0.85 (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 employment.

Moving together with Agora Stock

0.77	JG	Aurora Mobile	Pair Corr
0.88	RNI	OXFORD METRICS LS	Pair Corr
0.78	LUS1	Lang Schwarz Aktieng	Pair Corr
0.75	TRB	Tribal Group plc	Pair Corr

Moving against Agora Stock

0.88	DOMO	Domo Inc	Pair Corr
0.85	1Q5	Dropbox	Pair Corr
0.75	2TY	PagerDuty	Pair Corr
0.73	DT	Dynatrace Holdings LLC	Pair Corr
0.72	PD	Pagerduty	Pair Corr
0.72	VS	Versus Systems	Pair Corr
0.69	DMRC	Digimarc	Pair Corr
0.66	MQ	Marqeta	Pair Corr
0.66	WK	Workiva	Pair Corr
0.65	DOCU	DocuSign	Pair Corr
0.58	BL	Blackline	Pair Corr
0.49	35U	PAR TECHNOLOGY DL Earnings Call This Week	Pair Corr
0.49	VERI	Veritone	Pair Corr
0.46	MTLO	Martello Technologies	Pair Corr
0.42	RM	RM Plc	Pair Corr
0.41	U	Unity Software	Pair Corr
0.33	QH	Quhuo	Pair Corr
0.32	9NY	BYTES TECHGRP LS	Pair Corr
0.78	VTEX	VTEX	Pair Corr
0.77	LY0	Lyft Inc	Pair Corr
0.69	3L7A	Qualys Inc	Pair Corr
0.69	NCC	NCC Group plc	Pair Corr
0.67	IOM	iomart Group plc	Pair Corr
0.67	OBL	OBIC CoLtd	Pair Corr
0.66	MSFT	Microsoft Corp CDR	Pair Corr
0.65	AN5	Alpha Systems	Pair Corr

Related Correlations Analysis

	RCT	QH	ATHR	SOGP	PSQH	IDN	WKEY	SAIH	HKIT	TGE
RCT		0.42	0.72	-0.45	0.92	0.79	0.78	0.35	-0.42	-0.47	RCT
QH	0.42		0.46	-0.12	0.51	0.59	0.24	0.73	-0.15	-0.58	QH
ATHR	0.72	0.46		-0.34	0.69	0.77	0.58	0.49	-0.23	-0.56	ATHR
SOGP	-0.45	-0.12	-0.34		-0.4	-0.46	-0.16	-0.07	0.06	0.33	SOGP
PSQH	0.92	0.51	0.69	-0.4		0.73	0.74	0.31	-0.58	-0.51	PSQH
IDN	0.79	0.59	0.77	-0.46	0.73		0.62	0.67	-0.15	-0.55	IDN
WKEY	0.78	0.24	0.58	-0.16	0.74	0.62		0.4	-0.29	-0.14	WKEY
SAIH	0.35	0.73	0.49	-0.07	0.31	0.67	0.4		0.15	-0.34	SAIH
HKIT	-0.42	-0.15	-0.23	0.06	-0.58	-0.15	-0.29	0.15		0.35	HKIT
TGE	-0.47	-0.58	-0.56	0.33	-0.51	-0.55	-0.14	-0.34	0.35		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
IDN	+ 0.79	RCT
WKEY	+ 0.78	RCT
IDN	+ 0.77	ATHR
WKEY	+ 0.74	PSQH
SAIH	+ 0.73	QH

High negative correlations

HKIT	- 0.58	PSQH
TGE	- 0.58	QH
TGE	- 0.56	ATHR
TGE	- 0.55	IDN
TGE	- 0.51	PSQH
TGE	- 0.47	RCT

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	3.99	(0.94)	0.00	(0.51)	0.00	0.00	8.99	(8.88)	22.43
QH	4.64	(0.09)	0.00	(0.03)	0.00	0.00	9.68	(9.17)	41.68
ATHR	3.39	(0.59)	0.00	(0.42)	0.00	0.00	7.88	(10.22)	25.31
SOGP	4.42	0.31	0.08	0.19	4.75	(5.17)	11.06	(8.84)	37.07
PSQH	3.76	(1.28)	0.00	(0.35)	0.00	0.00	7.14	(8.49)	27.79
IDN	2.58	(0.18)	0.00	0.40	0.00	0.00	5.81	(5.49)	17.97
WKEY	4.55	(0.47)	0.00	(0.09)	0.00	0.00	10.55	(8.76)	28.24
SAIH	5.08	(0.07)	0.00	0.04	6.56	(5.51)	11.13	(9.48)	51.10
HKIT	4.70	0.20	0.02	3.39	6.76	(4.52)	9.56	(9.82)	27.47
TGE	4.19	0.14	0.06	0.14	3.76	(6.32)	13.08	(6.92)	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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