Correlation Between Aerkomm and Airgain
Can any of the company-specific risk be diversified away by investing in both Aerkomm and Airgain at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Aerkomm and Airgain into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Aerkomm and Airgain, you can compare the effects of market volatilities on Aerkomm and Airgain and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Aerkomm with a short position of Airgain. Check out your portfolio center. Please also check ongoing floating volatility patterns of Aerkomm and Airgain.
Diversification Opportunities for Aerkomm and Airgain
Pay attention - limited upside
The 3 months correlation between Aerkomm and Airgain is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Aerkomm and Airgain in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Airgain and Aerkomm is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Aerkomm are associated (or correlated) with Airgain. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Airgain has no effect on the direction of Aerkomm i.e., Aerkomm and Airgain go up and down completely randomly.
Pair Corralation between Aerkomm and Airgain
If you would invest 454.00 in Airgain on September 1, 2024 and sell it today you would earn a total of 433.00 from holding Airgain or generate 95.37% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 99.47% |
| Values | Daily Returns |
Aerkomm vs. Airgain
Performance |
| Timeline |
| Aerkomm |
| Airgain |
Aerkomm and Airgain Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Aerkomm and Airgain
The main advantage of trading using opposite Aerkomm and Airgain positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Aerkomm position performs unexpectedly, Airgain can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Airgain will offset losses from the drop in Airgain's long position.| Aerkomm vs. AmpliTech Group | Aerkomm vs. AAP Inc | Aerkomm vs. Airgain | Aerkomm vs. AAC Technologies Holdings |
| Airgain vs. Cps Technologies | Airgain vs. Akoustis Technologies | Airgain vs. Cambium Networks Corp | Airgain vs. Ceragon Networks |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Other Complementary Tools
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios |