Avax One Correlations

AVX Stock

USD 1.37 0.09 7.03%

The correlation of Avax One 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.

Avax One Correlation With Market

Weak diversification

The correlation between Avax One Technology and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avax One Technology and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Avax Stock

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

Moving together with Avax Stock

0.73

IGTA

Inception Growth Acq

Pair Corr

Moving against Avax Stock

0.85	DAIUF	Daifuku	Pair Corr
0.73	FUWAF	Furukawa Electric	Pair Corr
0.69	FMCB	Farmers Merchants Bancorp	Pair Corr
0.61	APH	Amphenol	Pair Corr
0.6	MRAAY	Murata Manufacturing	Pair Corr
0.58	CLS	Celestica Tech Boost	Pair Corr
0.55	MRAAF	Murata Manufacturing	Pair Corr
0.53	EQMEF	Equity Metals	Pair Corr
0.36	TEL	TE Connectivity	Pair Corr
0.35	JBL	Jabil Circuit Tech Boost	Pair Corr
0.89	CHKIF	China Southern Airlines	Pair Corr
0.89	XPEL	Xpel Inc	Pair Corr
0.85	CCLLF	CCL Industries	Pair Corr
0.75	TRV	The Travelers Companies	Pair Corr
0.72	TGSNF	TGS ASA	Pair Corr
0.71	ABBRF	AbraSilver Resource Corp	Pair Corr
0.68	EC	Ecopetrol SA ADR	Pair Corr
0.65	JPM-PD	JPMorgan Chase	Pair Corr
0.57	IAALF	IBC Advanced Alloys	Pair Corr
0.56	RBTK	Zhen Ding Resources Trending	Pair Corr
0.55	EDVMF	Endeavour Mining Corp	Pair Corr
0.54	PSHZF	Pershing Square Holdings	Pair Corr
0.86	M	Macys Inc	Pair Corr
0.84	HRZN	Horizon Technology	Pair Corr
0.8	FSLR	First Solar	Pair Corr
0.79	HL	Hecla Mining Aggressive Push	Pair Corr
0.62	CHOLF	China Oilfield Services	Pair Corr
0.62	745332CH7	US745332CH73	Pair Corr

Related Correlations Analysis

	GLGLF	AQB	FFRMF	KALRQ	CMGHF	PRCF	URBF	HERB	CFPI	SDOT
GLGLF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	GLGLF
AQB	0.0		0.0	-0.54	0.79	0.0	0.0	0.39	0.87	0.74	AQB
FFRMF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	FFRMF
KALRQ	0.0	-0.54	0.0		-0.35	0.0	0.0	-0.45	-0.53	-0.77	KALRQ
CMGHF	0.0	0.79	0.0	-0.35		0.0	0.0	0.27	0.66	0.47	CMGHF
PRCF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	PRCF
URBF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	URBF
HERB	0.0	0.39	0.0	-0.45	0.27	0.0	0.0		0.35	0.4	HERB
CFPI	0.0	0.87	0.0	-0.53	0.66	0.0	0.0	0.35		0.75	CFPI
SDOT	0.0	0.74	0.0	-0.77	0.47	0.0	0.0	0.4	0.75		SDOT
	GLGLF	AQB	FFRMF	KALRQ	CMGHF	PRCF	URBF	HERB	CFPI	SDOT

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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

CFPI	+ 0.87	AQB
CMGHF	+ 0.79	AQB
SDOT	+ 0.75	CFPI
SDOT	+ 0.74	AQB
CFPI	+ 0.66	CMGHF
SDOT	+ 0.47	CMGHF

High negative correlations

SDOT	- 0.77	KALRQ
KALRQ	- 0.54	AQB
CFPI	- 0.53	KALRQ
HERB	- 0.45	KALRQ
CMGHF	- 0.35	KALRQ
SDOT	- 0.0	URBF

Risk-Adjusted Indicators

There is a big difference between Avax Stock performing well and Avax One 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 Avax One'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
GLGLF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AQB	5.09	(0.65)	0.00	(0.31)	0.00	0.00	12.90	(9.59)	36.06
FFRMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KALRQ	2.98	1.38	0.00	0.92	0.00	0.00	0.00	0.00	100.00
CMGHF	6.56	2.37	0.00	(1.15)	0.00	0.00	0.00	0.00	277.50
PRCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
URBF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HERB	10.33	0.58	0.02	0.29	12.88	(29.16)	44.48	(36.17)	107.51
CFPI	1.49	(0.80)	0.00	(1.55)	0.00	0.00	0.00	0.00	50.00
SDOT	5.91	(1.56)	0.00	(0.38)	0.00	0.00	11.05	(16.13)	72.09

Avax One Corporate Management

Esq CPA	Chief Officer	Profile
Peter Wylie	Chief Officer	Profile
Christopher Polimeni	Chief Officer	Profile
Troy McClellan	Executive Officer	Profile

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