Ast Spacemobile Correlations

ASTS Stock

USD 113.57 2.80 2.41%

The current 90-days correlation between Ast Spacemobile and EchoStar is 0.39 (i.e., Weak diversification). The correlation of Ast Spacemobile 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.

Ast Spacemobile Correlation With Market

Poor diversification

The correlation between Ast Spacemobile and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ast Spacemobile and DJI in the same portfolio, assuming nothing else is changed.

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

For more information on how to buy Ast Stock please use our How to Invest in Ast Spacemobile guide.

Moving together with Ast Stock

0.62	SKM	SK Telecom	Pair Corr
0.75	KMFG	KMFG	Pair Corr
0.78	AEM	Agnico Eagle Mines	Pair Corr
0.73	KGC	Kinross Gold Aggressive Push	Pair Corr
0.77	USAS	Americas Silver Corp Trending	Pair Corr
0.92	BA	Boeing Earnings Call This Week	Pair Corr
0.76	INTC	Intel Earnings Call This Week	Pair Corr
0.67	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.79	AA	Alcoa Corp	Pair Corr
0.62	DIS	Walt Disney	Pair Corr

Moving against Ast Stock

0.72	PBCRY	Bank Central Asia	Pair Corr
0.69	AMX	America Movil SAB	Pair Corr
0.65	TMUS	T Mobile	Pair Corr
0.49	RCI	Rogers Communications	Pair Corr
0.47	PBCRF	PT Bank Central	Pair Corr
0.41	BKRKF	PT Bank Rakyat	Pair Corr
0.73	T	ATT Inc Earnings Call This Week	Pair Corr
0.42	TRV	The Travelers Companies	Pair Corr
0.39	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.36	VZ	Verizon Communications Earnings Call This Week	Pair Corr

Related Correlations Analysis

	SATS	CHKP	FIG	RGTI	SSNC	STM	CDW	COHR	ON	TOST
SATS		-0.39	-0.17	-0.16	0.22	0.91	-0.34	0.84	0.8	0.1	SATS
CHKP	-0.39		0.69	0.58	-0.18	-0.22	0.64	-0.35	-0.42	0.65	CHKP
FIG	-0.17	0.69		0.88	-0.43	0.0	0.84	-0.26	-0.4	0.74	FIG
RGTI	-0.16	0.58	0.88		-0.55	0.02	0.75	-0.32	-0.29	0.54	RGTI
SSNC	0.22	-0.18	-0.43	-0.55		0.22	-0.42	0.36	0.51	-0.04	SSNC
STM	0.91	-0.22	0.0	0.02	0.22		-0.2	0.79	0.85	0.24	STM
CDW	-0.34	0.64	0.84	0.75	-0.42	-0.2		-0.34	-0.51	0.5	CDW
COHR	0.84	-0.35	-0.26	-0.32	0.36	0.79	-0.34		0.76	0.05	COHR
ON	0.8	-0.42	-0.4	-0.29	0.51	0.85	-0.51	0.76		-0.09	ON
TOST	0.1	0.65	0.74	0.54	-0.04	0.24	0.5	0.05	-0.09		TOST
	SATS	CHKP	FIG	RGTI	SSNC	STM	CDW	COHR	ON	TOST

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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

STM	+ 0.91	SATS
RGTI	+ 0.88	FIG
ON	+ 0.85	STM
COHR	+ 0.84	SATS
CDW	+ 0.84	FIG
ON	+ 0.8	SATS

High negative correlations

SSNC	- 0.55	RGTI
ON	- 0.51	CDW
SSNC	- 0.43	FIG
CDW	- 0.42	SSNC
ON	- 0.42	CHKP
ON	- 0.4	FIG

Risk-Adjusted Indicators

There is a big difference between Ast Stock performing well and Ast Spacemobile 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 Ast Spacemobile'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
SATS	2.56	0.86	0.38	1.19	1.63	(3.15)	5.98	(3.35)	16.91
CHKP	1.38	(0.15)	0.00	(0.11)	0.00	0.00	2.18	(2.74)	9.86
FIG	2.40	(1.07)	0.00	(0.54)	0.00	0.00	3.95	(6.42)	14.53
RGTI	4.99	(0.90)	0.00	(0.32)	0.00	0.00	9.82	(10.07)	24.38
SSNC	0.95	0.10	0.04	0.64	1.09	(1.02)	1.85	(1.91)	7.41
STM	1.59	0.11	0.08	0.13	1.65	(1.65)	5.16	(2.91)	10.54
CDW	1.35	(0.40)	0.00	(0.20)	0.00	0.00	2.31	(3.34)	10.15
COHR	3.31	0.63	0.15	0.59	3.63	(3.71)	6.66	(5.22)	28.98
ON	2.01	0.08	0.06	0.11	2.11	(2.35)	4.71	(4.13)	16.50
TOST	2.19	(0.25)	0.00	(0.08)	0.00	0.00	4.14	(4.25)	16.25

Ast Spacemobile Corporate Management

Rulfo Hernandez	Chief Operations	Profile
Sriram Jayasimha	Chief Applications	Profile
Stephen Gibson	Managing UK	Profile
Brandyn Bissinger	VP PR	Profile
Shanti Gupta	Senior Officer	Profile
Christopher Ivory	Chief Officer	Profile

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