Auckland International Correlations

AUKNY Stock

USD 22.65 1.88 9.05%

The current 90-days correlation between Auckland International and Aeroports de Paris is -0.04 (i.e., Good diversification). The correlation of Auckland International 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.

Auckland International Correlation With Market

Significant diversification

The correlation between Auckland International Airport and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Auckland International Airport and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Auckland Pink Sheet

0.68	VLKAF	Volkswagen AG	Pair Corr
0.66	VWAGY	Volkswagen AG 110	Pair Corr
0.72	VLKPF	Volkswagen AG VZO	Pair Corr
0.68	VWAPY	Volkswagen AG Pref	Pair Corr

Moving against Auckland Pink Sheet

0.8	AMZN	Amazon Inc	Pair Corr
0.74	WMT	Walmart Aggressive Push	Pair Corr
0.53	PAC	Grupo Aeroportuario del	Pair Corr
0.48	AIPUF	Airports of Thailand	Pair Corr
0.4	HNHPF	Hon Hai Precision	Pair Corr
0.35	GPAEF	Grupo Aeroportuario del	Pair Corr
0.78	TPB	Turning Point Brands	Pair Corr
0.76	FVRR	Fiverr International	Pair Corr
0.73	COF	Capital One Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.66	TDY	Teledyne Technologies Fiscal Year End 22nd of January 2025	Pair Corr
0.66	AAL	American Airlines Fiscal Year End 23rd of January 2025	Pair Corr
0.64	RIOT	Riot Blockchain	Pair Corr
0.64	T	ATT Inc Aggressive Push	Pair Corr
0.63	COIN	Coinbase Global	Pair Corr
0.58	ALLT	Allot Communications Tech Boost	Pair Corr
0.45	CCJ	Cameco Corp	Pair Corr
0.43	UVV	Universal	Pair Corr
0.4	SNOW	Snowflake Trending	Pair Corr
0.83	TSLA	Tesla Inc Aggressive Push	Pair Corr
0.68	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.65	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.64	SOUN	SoundHound AI Upward Rally	Pair Corr
0.64	IMBBY	Imperial Brands PLC	Pair Corr
0.63	WAB	Westinghouse Air Brake	Pair Corr

Related Correlations Analysis

	AEOXF	ANNSF	ANYYY	AIPUY	APTPF	CAAP	ARRPY	SKAS	ACKDF	ASLE
AEOXF		0.07	0.07	0.08	0.26	-0.48	0.73	-0.43	0.52	-0.72	AEOXF
ANNSF	0.07		0.97	0.47	0.59	0.7	-0.33	0.45	0.46	-0.04	ANNSF
ANYYY	0.07	0.97		0.47	0.58	0.7	-0.34	0.44	0.47	-0.03	ANYYY
AIPUY	0.08	0.47	0.47		0.27	0.34	-0.02	0.22	0.16	-0.26	AIPUY
APTPF	0.26	0.59	0.58	0.27		0.32	-0.23	0.26	0.57	-0.26	APTPF
CAAP	-0.48	0.7	0.7	0.34	0.32		-0.7	0.66	0.05	0.52	CAAP
ARRPY	0.73	-0.33	-0.34	-0.02	-0.23	-0.7		-0.55	0.11	-0.61	ARRPY
SKAS	-0.43	0.45	0.44	0.22	0.26	0.66	-0.55		0.04	0.39	SKAS
ACKDF	0.52	0.46	0.47	0.16	0.57	0.05	0.11	0.04		-0.42	ACKDF
ASLE	-0.72	-0.04	-0.03	-0.26	-0.26	0.52	-0.61	0.39	-0.42		ASLE
	AEOXF	ANNSF	ANYYY	AIPUY	APTPF	CAAP	ARRPY	SKAS	ACKDF	ASLE

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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

ANYYY	+ 0.97	ANNSF
ARRPY	+ 0.73	AEOXF
CAAP	+ 0.7	ANNSF
CAAP	+ 0.7	ANYYY
SKAS	+ 0.66	CAAP
APTPF	+ 0.59	ANNSF

High negative correlations

ASLE	- 0.72	AEOXF
ARRPY	- 0.7	CAAP
ASLE	- 0.61	ARRPY
SKAS	- 0.55	ARRPY
CAAP	- 0.48	AEOXF
SKAS	- 0.43	AEOXF

Risk-Adjusted Indicators

There is a big difference between Auckland Pink Sheet performing well and Auckland International 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 Auckland International'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
AEOXF	0.84	(0.05)	0.00	0.20	0.00	0.00	1.82	(5.21)	17.01
ANNSF	0.68	0.08	(0.01)	0.53	0.63	(1.04)	1.74	(1.54)	5.37
ANYYY	1.01	0.10	0.01	1.34	1.38	(0.98)	1.71	(2.06)	5.82
AIPUY	3.07	0.30	0.02	(0.36)	4.17	(4.85)	7.43	(7.81)	32.17
APTPF	4.06	0.41	0.01	(0.18)	5.68	(19.43)	18.67	(14.87)	64.82
CAAP	1.81	0.17	0.05	0.48	2.07	(2.03)	4.29	(3.49)	10.58
ARRPY	0.22	(0.05)	0.00	(1.58)	0.00	0.00	0.00	0.00	8.34
SKAS	1.56	0.16	0.02	1.43	2.66	(3.22)	6.95	(3.64)	18.11
ACKDF	1.71	0.10	(0.02)	0.01	2.70	(4.72)	8.35	(7.76)	21.67
ASLE	2.29	0.15	0.08	0.19	2.55	(2.77)	6.59	(5.14)	15.01

Be your own money manager

Our tools can tell you how much better you can do entering a position in Auckland International 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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Auckland International Corporate Management

Carrie Hurihanganui	Chief Exec	Profile
Phil Neutze	Chief Officer	Profile
Morag Finch	Deputy Sec	Profile
Jonathan Good	General Manager - Technology and Marketing	Profile
MInstD BA	Gen Operations	Profile
LLB BCom	GM Counsel	Profile
Andrea Marshall	Head Sustainability	Profile

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