Ast Spacemobile Correlations

ASTS Stock

USD 111.21 10.88 8.91%

The current 90-days correlation between Ast Spacemobile and EchoStar is -0.03 (i.e., Good diversification). The correlation of Ast Spacemobile 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Ast Spacemobile Correlation With Market

Very poor diversification

The correlation between Ast Spacemobile and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ast Spacemobile and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Ast Stock

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

For more information on how to buy Ast Stock please use our How to Invest in Ast Spacemobile guide.

Moving together with Ast Stock

0.86	TDS	Telephone and Data	Pair Corr
0.65	BRK-B	Berkshire Hathaway	Pair Corr
0.69	GLDG	GoldMining	Pair Corr
0.8	VTRS	Viatris	Pair Corr
0.81	CLWT	Euro Tech Holdings	Pair Corr
0.77	WTG	Wintergreen Acquisition	Pair Corr
0.81	SON	Sonoco Products	Pair Corr
0.82	KMX	CarMax Inc	Pair Corr
0.81	WBTNF	Weebit Nano Limited Downward Rally	Pair Corr
0.75	EVGRF	China Evergrande New	Pair Corr
0.79	ZLDAF	Zelira Therapeutics	Pair Corr
0.74	GOLD	Gold Inc Earnings Call This Week	Pair Corr
0.76	NKTX	Nkarta Inc	Pair Corr
0.86	ARRJF	Arjo AB	Pair Corr
0.86	NOSUF	Nerds on Site	Pair Corr

Moving against Ast Stock

0.78	TMUS	T Mobile	Pair Corr
0.68	BRK-A	Berkshire Hathaway	Pair Corr
0.42	SURG	Surgepays	Pair Corr
0.58	200447AL4	CFELEC 4688 15	Pair Corr

Related Correlations Analysis

	SATS	CHKP	FIG	RGTI	SSNC	STM	CDW	COHR	ON	TOST
SATS		-0.41	-0.37	-0.27	0.37	0.93	-0.69	0.71	0.87	-0.15	SATS
CHKP	-0.41		0.8	0.64	-0.02	-0.35	0.46	-0.53	-0.51	0.72	CHKP
FIG	-0.37	0.8		0.84	0.0	-0.31	0.34	-0.68	-0.56	0.73	FIG
RGTI	-0.27	0.64	0.84		-0.2	-0.18	0.16	-0.64	-0.4	0.49	RGTI
SSNC	0.37	-0.02	0.0	-0.2		0.37	0.13	0.45	0.41	0.4	SSNC
STM	0.93	-0.35	-0.31	-0.18	0.37		-0.67	0.69	0.9	-0.14	STM
CDW	-0.69	0.46	0.34	0.16	0.13	-0.67		-0.36	-0.59	0.32	CDW
COHR	0.71	-0.53	-0.68	-0.64	0.45	0.69	-0.36		0.85	-0.33	COHR
ON	0.87	-0.51	-0.56	-0.4	0.41	0.9	-0.59	0.85		-0.27	ON
TOST	-0.15	0.72	0.73	0.49	0.4	-0.14	0.32	-0.33	-0.27		TOST
	SATS	CHKP	FIG	RGTI	SSNC	STM	CDW	COHR	ON	TOST

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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

STM	+ 0.93	SATS
ON	+ 0.9	STM
ON	+ 0.87	SATS
ON	+ 0.85	COHR
RGTI	+ 0.84	FIG
FIG	+ 0.8	CHKP

High negative correlations

CDW	- 0.69	SATS
COHR	- 0.68	FIG
CDW	- 0.67	STM
COHR	- 0.64	RGTI
ON	- 0.59	CDW
ON	- 0.56	FIG

Risk-Adjusted Indicators

There is a big difference between Ast Stock performing well and Ast Spacemobile 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 Ast Spacemobile'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
SATS	2.81	0.72	0.21	(183.97)	2.70	(3.36)	5.98	(3.69)	22.91
CHKP	1.41	(0.13)	0.00	(0.11)	0.00	0.00	2.18	(2.74)	9.86
FIG	2.61	(1.10)	0.00	(0.59)	0.00	0.00	4.48	(6.77)	16.68
RGTI	4.91	(1.09)	0.00	(0.51)	0.00	0.00	9.05	(10.07)	25.25
SSNC	0.87	(0.09)	0.00	(0.09)	0.00	0.00	1.52	(2.13)	5.01
STM	1.74	0.23	0.09	1.16	1.97	(1.77)	5.16	(3.25)	12.93
CDW	1.34	(0.31)	0.00	5.14	0.00	0.00	2.31	(3.34)	8.61
COHR	3.31	0.74	0.18	0.68	3.49	(3.73)	7.90	(5.22)	28.98
ON	2.05	0.16	0.08	0.12	2.08	(2.41)	4.71	(4.13)	16.50
TOST	2.18	(0.37)	0.00	(0.18)	0.00	0.00	4.14	(4.25)	16.25

Ast Spacemobile Corporate Management

Rulfo Hernandez	Chief Operations	Profile
Sriram Jayasimha	Chief Applications	Profile
Stephen Gibson	Managing UK	Profile
Brandyn Bissinger	VP PR	Profile
Shanti Gupta	Senior Officer	Profile
Christopher Ivory	Chief Officer	Profile

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