Aware Correlations

AWRE Stock

USD 1.61 0.11 7.33%

The correlation of Aware 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.

Aware Correlation With Market

Modest diversification

The correlation between Aware Inc and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aware Inc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Aware Stock

0.69	VERB	VERB TECHNOLOGY PANY Trending	Pair Corr
0.61	XELAP	Exela Technologies Earnings Call This Week	Pair Corr

Moving against Aware Stock

0.82	DSGX	Descartes Systems Earnings Call This Week	Pair Corr
0.82	DUOL	Duolingo	Pair Corr
0.78	WK	Workiva	Pair Corr
0.77	VERX	Vertex	Pair Corr
0.76	DOCU	DocuSign	Pair Corr
0.75	ZM	Zoom Video Communications	Pair Corr
0.74	DJCO	Daily Journal Corp	Pair Corr
0.73	ML	MoneyLion	Pair Corr
0.72	DUOT	Duos Technologies	Pair Corr
0.71	VMEO	Vimeo Inc	Pair Corr
0.7	BL	Blackline	Pair Corr
0.68	KC	Kingsoft Cloud Holdings Trending	Pair Corr
0.62	AI	C3 Ai Inc Trending	Pair Corr
0.6	DOMO	Domo Inc Earnings Call This Week	Pair Corr
0.57	ZI	ZoomInfo Technologies	Pair Corr
0.54	EB	Eventbrite Class A	Pair Corr
0.54	DTRK	DATATRAK International	Pair Corr
0.49	QH	Quhuo	Pair Corr
0.48	DT	Dynatrace Holdings LLC Sell-off Trend	Pair Corr
0.42	U	Unity Software Trending	Pair Corr
0.33	PD	Pagerduty Earnings Call This Week	Pair Corr
0.32	DV	DoubleVerify Holdings	Pair Corr
0.84	EGHT	8x8 Common Stock	Pair Corr
0.84	FICO	Fair Isaac	Pair Corr
0.84	APP	Applovin Corp	Pair Corr
0.82	ENFN	Enfusion	Pair Corr
0.81	CRM	Salesforce Earnings Call Tomorrow	Pair Corr
0.73	ANY	Sphere 3D Corp	Pair Corr
0.64	API	Agora Inc	Pair Corr
0.53	DIDIY	Didi Global ADR	Pair Corr
0.41	ELWS	Earlyworks Co,	Pair Corr
0.41	EXFY	Expensify Tech Boost	Pair Corr
0.31	WFCF	Where Food Comes	Pair Corr

Related Correlations Analysis

	PPRRF	CNWT	XCLL	GTSWQ	PUSOF	AECX	AIFS	AUUDW	BAINF	BCDS
PPRRF		-1.0	0.0	-1.0	0.0	0.0	0.0	0.0	0.0	0.0	PPRRF
CNWT	-1.0		0.0	1.0	0.0	0.0	0.0	0.0	0.0	0.0	CNWT
XCLL	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	XCLL
GTSWQ	-1.0	1.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	GTSWQ
PUSOF	0.0	0.0	0.0	0.0		-0.17	0.26	0.12	-0.31	0.2	PUSOF
AECX	0.0	0.0	0.0	0.0	-0.17		0.01	-0.01	-0.31	0.02	AECX
AIFS	0.0	0.0	0.0	0.0	0.26	0.01		0.04	-0.46	0.49	AIFS
AUUDW	0.0	0.0	0.0	0.0	0.12	-0.01	0.04		-0.22	0.01	AUUDW
BAINF	0.0	0.0	0.0	0.0	-0.31	-0.31	-0.46	-0.22		-0.32	BAINF
BCDS	0.0	0.0	0.0	0.0	0.2	0.02	0.49	0.01	-0.32		BCDS
	PPRRF	CNWT	XCLL	GTSWQ	PUSOF	AECX	AIFS	AUUDW	BAINF	BCDS

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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

GTSWQ	+ 1.0	CNWT
BCDS	+ 0.49	AIFS
AIFS	+ 0.26	PUSOF
BCDS	+ 0.2	PUSOF
AUUDW	+ 0.12	PUSOF
AUUDW	+ 0.04	AIFS

High negative correlations

GTSWQ	- 1.0	PPRRF
CNWT	- 1.0	PPRRF
BAINF	- 0.46	AIFS
BCDS	- 0.32	BAINF
BAINF	- 0.31	AECX
BAINF	- 0.31	PUSOF

Risk-Adjusted Indicators

There is a big difference between Aware Stock performing well and Aware 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 Aware'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
PPRRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CNWT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
XCLL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GTSWQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PUSOF	4.40	0.50	0.00	(4.64)	0.00	0.00	11.11	0.00	109.73
AECX	12.18	3.24	0.00	1.25	0.00	0.00	66.67	(40.00)	150.00
AIFS	3.97	(0.04)	0.00	0.09	6.70	(13.23)	22.34	(19.78)	51.28
AUUDW	11.98	0.47	0.05	0.20	13.47	(23.03)	48.56	(34.78)	118.13
BAINF	1.19	(0.10)	0.00	1.29	0.00	0.00	2.99	0.00	26.74
BCDS	13.47	2.36	0.05	(9.25)	14.93	(65.85)	60.00	(50.00)	150.00

Aware Corporate Management

David Barcelo	CFO Treasurer	Profile
David Traverse	Principal Treasurer	Profile
AJ Naddell	Chief Officer	Profile
Lindsey Savarino	Senior Resources	Profile
Gina Rodrigues	Vice Marketing	Profile
Craig Herman	Chief Officer	Profile
Sarah Esq	Legal Secretary	Profile

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