Absolute Health Correlations

AHFI Stock

USD 0.02 0.01 80.95%

The current 90-days correlation between Absolute Health and China YiBai United is 0.01 (i.e., Significant diversification). The correlation of Absolute Health 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.

Absolute Health Correlation With Market

Good diversification

The correlation between Absolute Health and and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Absolute Health and and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Absolute Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Absolute Health 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 Absolute Health - 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 Absolute Health and to buy it.

Moving together with Absolute Pink Sheet

0.7	F	Ford Motor	Pair Corr
0.85	DD	Dupont De Nemours	Pair Corr
0.72	XOM	Exxon Mobil Corp	Pair Corr
0.68	MMM	3M Company	Pair Corr
0.85	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.66	JNJ	Johnson Johnson	Pair Corr
0.67	MRK	Merck Company	Pair Corr
0.7	CAT	Caterpillar	Pair Corr

Moving against Absolute Pink Sheet

0.84	AUR	Aurora Innovation Aggressive Push	Pair Corr
0.75	MNTN	MNTN, Inc	Pair Corr
0.66	DIS	Walt Disney	Pair Corr
0.63	GRAB	Grab Holdings Potential Growth	Pair Corr
0.62	NIO	Nio Class A	Pair Corr
0.56	RXRX	Recursion Pharmaceuticals Aggressive Push	Pair Corr
0.37	PLUG	Plug Power Aggressive Push	Pair Corr
0.8	HD	Home Depot	Pair Corr
0.65	MSFT	Microsoft	Pair Corr
0.64	PG	Procter Gamble	Pair Corr
0.55	T	ATT Inc	Pair Corr

Related Correlations Analysis

	CBGH	PTSH	BCII	ICTY	STQN	SLJB	VCOR	TLIF	MNDP	CLOW
CBGH		0.0	-0.01	0.25	-0.09	0.0	0.0	0.23	0.37	0.08	CBGH
PTSH	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	PTSH
BCII	-0.01	0.0		-0.72	-0.9	0.0	0.0	-0.47	-0.18	-0.41	BCII
ICTY	0.25	0.0	-0.72		0.7	0.0	0.0	0.53	0.32	0.33	ICTY
STQN	-0.09	0.0	-0.9	0.7		0.0	0.0	0.4	0.08	0.39	STQN
SLJB	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	SLJB
VCOR	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	VCOR
TLIF	0.23	0.0	-0.47	0.53	0.4	0.0	0.0		0.62	0.56	TLIF
MNDP	0.37	0.0	-0.18	0.32	0.08	0.0	0.0	0.62		0.37	MNDP
CLOW	0.08	0.0	-0.41	0.33	0.39	0.0	0.0	0.56	0.37		CLOW
	CBGH	PTSH	BCII	ICTY	STQN	SLJB	VCOR	TLIF	MNDP	CLOW

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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

STQN	+ 0.7	ICTY
MNDP	+ 0.62	TLIF
CLOW	+ 0.56	TLIF
TLIF	+ 0.53	ICTY
TLIF	+ 0.4	STQN
CLOW	+ 0.39	STQN

High negative correlations

STQN	- 0.9	BCII
ICTY	- 0.72	BCII
TLIF	- 0.47	BCII
CLOW	- 0.41	BCII
MNDP	- 0.18	BCII
STQN	- 0.09	CBGH

Risk-Adjusted Indicators

There is a big difference between Absolute Pink Sheet performing well and Absolute Health 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 Absolute Health'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
CBGH	12.18	2.35	0.04	(0.61)	14.26	(200.00)	0.00	(48.75)	293.75
PTSH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BCII	11.15	2.16	0.15	0.78	10.33	(17.68)	28.57	(21.43)	109.03
ICTY	5.76	(0.43)	0.00	(0.32)	0.00	0.00	25.00	(25.00)	58.33
STQN	2.76	(1.33)	0.00	1.07	0.00	0.00	0.00	0.00	92.33
SLJB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VCOR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TLIF	8.63	(0.54)	0.00	(0.40)	0.00	0.00	25.00	(22.22)	61.90
MNDP	3.24	0.26	0.00	(0.18)	0.00	0.00	12.50	(11.11)	62.22
CLOW	5.34	0.36	0.02	1.96	7.05	(25.56)	23.53	(16.67)	57.84

Be your own money manager

Our tools can tell you how much better you can do entering a position in Absolute Health 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.

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