Avinger Correlations
| AVGRDelisted Stock | USD 0.47 0.09 16.07% |
The correlation of Avinger 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.
Avinger Correlation With Market
Excellent diversification
The correlation between Avinger and DJI is -0.56 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avinger and DJI in the same portfolio, assuming nothing else is changed.
Avinger |
Moving against Avinger Stock
| 0.71 | CAT | Caterpillar | PairCorr |
| 0.64 | INTC | Intel Aggressive Push | PairCorr |
| 0.63 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.61 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
| 0.56 | BA | Boeing | PairCorr |
| 0.54 | AA | Alcoa Corp | PairCorr |
| 0.53 | WMT | Walmart Common Stock Aggressive Push | PairCorr |
| 0.53 | JNJ | Johnson Johnson | PairCorr |
| 0.5 | MRK | Merck Company Aggressive Push | PairCorr |
| 0.43 | HD | Home Depot | PairCorr |
| 0.38 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.32 | CSCO | Cisco Systems Earnings Call This Week | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Avinger Stock performing well and Avinger 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 Avinger'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ONCT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GMVD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CMAX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NAYA | 5.43 | (0.95) | 0.00 | 0.90 | 0.00 | 10.55 | 40.16 | |||
| NBSE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ASLN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ONCSQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SAVAW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HTGMQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Avinger Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Avinger stock to make a market-neutral strategy. Peer analysis of Avinger could also be used in its relative valuation, which is a method of valuing Avinger by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Avinger Corporate Management
| Keith Schaefer | Chief Officer | Profile | |
| Corey Gibbs | Vice Sales | Profile | |
| Nabeel CPA | Principal Finance | Profile | |
| Nabeel Subainati | Principal Finance | Profile | |
| Himanshu Patel | Chief Officer | Profile | |
| MD FACC | Chief Officer | Profile |
Still Interested in Avinger?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.