AYR Strategies Correlations
| AYRWF Stock | USD 0.50 0.07 16.28% |
The current 90-days correlation between AYR Strategies Class and Columbia Care is 0.32 (i.e., Weak diversification). The correlation of AYR Strategies 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.
AYR Strategies Correlation With Market
Good diversification
The correlation between AYR Strategies Class and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AYR Strategies Class and DJI in the same portfolio, assuming nothing else is changed.
AYR |
The ability to find closely correlated positions to AYR Strategies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AYR Strategies 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 AYR Strategies - 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 AYR Strategies Class to buy it.
Moving together with AYR OTC Stock
| 0.9 | MKKGY | Merck KGaA ADR | PairCorr |
| 0.88 | MKGAF | MERCK Kommanditgesells | PairCorr |
| 0.75 | TAK | Takeda Pharmaceutical | PairCorr |
| 0.78 | GLUC | Glucose Health | PairCorr |
Moving against AYR OTC Stock
| 0.79 | SLF | Sun Life Financial | PairCorr |
| 0.79 | ZVIA | Zevia Pbc | PairCorr |
| 0.66 | GILD | Gilead Sciences | PairCorr |
| 0.52 | SIGL | Signal Advance | PairCorr |
| 0.93 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.9 | HBI | Hanesbrands Sell-off Trend | PairCorr |
| 0.89 | AROC | Archrock | PairCorr |
| 0.87 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.87 | GS | Goldman Sachs Group Fiscal Year End 21st of January 2025 | PairCorr |
| 0.84 | WMT | Walmart | PairCorr |
| 0.8 | MOGO | Mogo Inc | PairCorr |
| 0.8 | ACHR | Archer Aviation | PairCorr |
| 0.78 | SLSR | Solaris Resources | PairCorr |
| 0.75 | VST | Vistra Energy Corp | PairCorr |
| 0.69 | JBL | Jabil Circuit | PairCorr |
| 0.59 | MO | Altria Group | PairCorr |
| 0.57 | RUM | Rumble Inc Buyout Trend | PairCorr |
| 0.45 | SVCO | Silvaco Group, Common | PairCorr |
| 0.44 | MITQ | Moving iMage Technologies | PairCorr |
| 0.9 | AXP | American Express Earnings Call This Week | PairCorr |
| 0.88 | CLS | Celestica Earnings Call Next Week | PairCorr |
| 0.88 | FSK | FS KKR Capital | PairCorr |
| 0.83 | TATT | Tat Techno | PairCorr |
| 0.82 | MCK | McKesson | PairCorr |
| 0.82 | FWONK | Liberty Media | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between AYR OTC Stock performing well and AYR Strategies OTC Stock 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 AYR Strategies' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GTBIF | 2.80 | (0.43) | 0.00 | (1.96) | 0.00 | 3.79 | 24.42 | |||
| CCHWF | 4.16 | 0.09 | 0.01 | 0.13 | 5.68 | 10.53 | 39.88 | |||
| TCNNF | 4.63 | (1.03) | 0.00 | 1.35 | 0.00 | 7.92 | 45.63 | |||
| GDNSF | 5.64 | 0.79 | 0.11 | 1.29 | 5.61 | 8.82 | 108.47 | |||
| VRNOF | 4.51 | (1.28) | 0.00 | 1.97 | 0.00 | 8.04 | 38.88 | |||
| CRLBF | 3.88 | (0.74) | 0.00 | 4.04 | 0.00 | 9.64 | 33.32 | |||
| MRMD | 3.92 | (0.41) | 0.00 | (0.19) | 0.00 | 9.09 | 29.76 | |||
| TLLTF | 8.01 | (0.31) | 0.00 | 0.19 | 0.00 | 18.18 | 56.67 | |||
| LOWLF | 15.26 | 2.12 | 0.12 | (0.94) | 14.36 | 37.50 | 115.62 | |||
| VEXTF | 3.89 | (0.12) | 0.00 | 0.15 | 0.00 | 9.09 | 32.05 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in AYR Strategies 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.Did you try this?
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AYR Strategies Corporate Management
Elected by the shareholders, the AYR Strategies' board of directors comprises two types of representatives: AYR Strategies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of AYR. The board's role is to monitor AYR Strategies' management team and ensure that shareholders' interests are well served. AYR Strategies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, AYR Strategies' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jonathan JD | Chairman, Founder | Profile | |
| Sarvesh Mathur | Chief Officer | Profile | |
| Robert Vanisko | Head Communications | Profile | |
| Jeff Finnerty | Chief Officer | Profile | |
| Paul Fisher | Chief Officer | Profile | |
| Jennifer Drake | Chief Officer | Profile | |
| Brad Asher | Chief Officer | Profile |