Astro Communications Correlations

ASTO Stock

USD 1.74 0.27 13.43%

The current 90-days correlation between Astro Communications and Eguana Technologies is 0.11 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Astro Communications moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Astro Communications moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Astro Communications Correlation With Market

Weak diversification

The correlation between Astro Communications and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Astro Communications and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Astro Communications could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Astro Communications 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 Astro Communications - 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 Astro Communications to buy it.

Moving together with Astro Pink Sheet

0.87	KB	KB Financial Group	Pair Corr
0.86	SHG	Shinhan Financial	Pair Corr
0.62	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.9	WF	Woori Financial Group	Pair Corr
0.63	BNL	Broadstone Net Lease Sell-off Trend	Pair Corr
0.75	JNJ	Johnson Johnson	Pair Corr
0.8	CRNZF	Cairn Energy PLC	Pair Corr
0.71	GRBK	Green Brick Partners Downward Rally	Pair Corr
0.63	ALFVF	Alfa Laval AB	Pair Corr
0.73	VKQ	Invesco Municipal Trust	Pair Corr
1.0	AEMMY	A2A SpA ADR	Pair Corr
0.66	GEL	Genesis Energy LP	Pair Corr
0.81	TRP	TC Energy Corp	Pair Corr
0.69	TWMIF	Tidewater Midstream and Earnings Call This Week	Pair Corr
0.62	XYIGY	Xinyi Glass Holdings	Pair Corr

Moving against Astro Pink Sheet

0.52	VFSWW	VinFast Auto	Pair Corr
0.43	VFS	VinFast Auto	Pair Corr
0.41	KULR	KULR Technology Group	Pair Corr
0.33	SLI	Standard Lithium	Pair Corr

Related Correlations Analysis

	EGTYF	AFDG	PRAC	QWTR	QIND	ROBXF	AIPG	SENR	ATVK	GRDAF
EGTYF		-0.18	-0.22	0.42	0.48	0.0	0.26	-0.01	0.56	-0.25	EGTYF
AFDG	-0.18		0.09	-0.16	-0.03	0.0	-0.09	-0.05	0.08	0.01	AFDG
PRAC	-0.22	0.09		-0.15	-0.36	0.0	-0.75	-0.81	-0.27	0.55	PRAC
QWTR	0.42	-0.16	-0.15		0.55	0.0	0.15	0.15	0.48	0.27	QWTR
QIND	0.48	-0.03	-0.36	0.55		0.0	0.22	0.22	0.89	-0.07	QIND
ROBXF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	ROBXF
AIPG	0.26	-0.09	-0.75	0.15	0.22	0.0		0.52	0.19	-0.41	AIPG
SENR	-0.01	-0.05	-0.81	0.15	0.22	0.0	0.52		0.14	-0.34	SENR
ATVK	0.56	0.08	-0.27	0.48	0.89	0.0	0.19	0.14		-0.12	ATVK
GRDAF	-0.25	0.01	0.55	0.27	-0.07	0.0	-0.41	-0.34	-0.12		GRDAF
	EGTYF	AFDG	PRAC	QWTR	QIND	ROBXF	AIPG	SENR	ATVK	GRDAF

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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

ATVK	+ 0.89	QIND
ATVK	+ 0.56	EGTYF
GRDAF	+ 0.55	PRAC
QIND	+ 0.55	QWTR
SENR	+ 0.52	AIPG
QIND	+ 0.48	EGTYF

High negative correlations

SENR	- 0.81	PRAC
AIPG	- 0.75	PRAC
GRDAF	- 0.41	AIPG
QIND	- 0.36	PRAC
GRDAF	- 0.34	SENR
ATVK	- 0.27	PRAC

Risk-Adjusted Indicators

There is a big difference between Astro Pink Sheet performing well and Astro Communications 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 Astro Communications' 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
EGTYF	6.53	0.90	0.04	(0.22)	8.00	(11.94)	20.27	(13.84)	94.55
AFDG	8.66	0.89	0.06	1.75	10.33	(15.25)	20.59	(18.92)	119.29
PRAC	2.24	1.11	0.00	5.94	0.00	0.00	0.00	0.00	75.00
QWTR	4.31	0.54	0.01	(0.39)	7.25	(24.14)	5.26	(11.43)	102.90
QIND	6.16	(0.98)	0.00	(0.31)	0.00	0.00	20.00	(14.35)	61.90
ROBXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AIPG	0.01	(0.02)	0.00	(1.48)	0.00	0.00	0.00	0.00	0.40
SENR	7.35	0.40	0.02	0.40	9.79	(30.89)	33.33	(25.00)	65.00
ATVK	12.72	0.40	0.05	0.17	17.02	(15.59)	33.15	(31.44)	125.40
GRDAF	6.47	0.88	0.07	(0.75)	7.54	(8.96)	16.00	(14.45)	66.13

Be your own money manager

Our tools can tell you how much better you can do entering a position in Astro Communications 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.

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