Avax One Correlations

AVX Stock

USD 1.83 0.15 8.93%

The correlation of Avax One 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.

Avax One Correlation With Market

Very good diversification

The correlation between Avax One Technology and DJI is -0.43 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avax One Technology and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Avax Stock

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

Moving together with Avax Stock

0.7	HNHPF	Hon Hai Precision	Pair Corr
0.79	SIGL	Signal Advance	Pair Corr
0.65	BPTSY	Biophytis SA	Pair Corr

Moving against Avax Stock

0.82	PHI	PLDT Inc ADR	Pair Corr
0.37	GLUC	Glucose Health	Pair Corr
0.36	JBL	Jabil Circuit	Pair Corr
0.31	MRAAF	Murata Manufacturing	Pair Corr
0.89	TLSNF	Telia Company Earnings Call This Week	Pair Corr
0.76	LBLCF	Loblaw Companies	Pair Corr
0.75	ABX	Abacus Global Management Symbol Change	Pair Corr
0.69	FUJHF	Subaru Corp	Pair Corr
0.55	NBHC	National Bank Holdings Earnings Call This Week	Pair Corr
0.45	BRC	Brady	Pair Corr
0.38	MTZ	MasTec Inc	Pair Corr
0.33	NEWT	Newtek Business Services	Pair Corr
0.71	HLN	Haleon plc Aggressive Push	Pair Corr
0.7	CTKB	Cytek Biosciences	Pair Corr
0.64	BLFY	Blue Foundry Bancorp Earnings Call This Week	Pair Corr
0.61	STT	State Street Corp	Pair Corr
0.54	UAL	United Airlines Holdings	Pair Corr
0.53	FLG	Flagstar Financial Earnings Call This Week	Pair Corr
0.51	AA	Alcoa Corp	Pair Corr
0.48	ECO	Okeanis Eco Tankers	Pair Corr

Related Correlations Analysis

	GLGLF	AQB	FFRMF	KALRQ	CMGHF	PRCF	URBF	HERB	CFPI	SDOT
GLGLF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	GLGLF
AQB	0.0		0.0	-0.58	0.39	0.0	0.0	0.06	0.88	0.85	AQB
FFRMF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	FFRMF
KALRQ	0.0	-0.58	0.0		-0.12	0.0	0.0	-0.15	-0.44	-0.75	KALRQ
CMGHF	0.0	0.39	0.0	-0.12		0.0	0.0	0.0	0.31	0.18	CMGHF
PRCF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	PRCF
URBF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	URBF
HERB	0.0	0.06	0.0	-0.15	0.0	0.0	0.0		0.02	0.14	HERB
CFPI	0.0	0.88	0.0	-0.44	0.31	0.0	0.0	0.02		0.67	CFPI
SDOT	0.0	0.85	0.0	-0.75	0.18	0.0	0.0	0.14	0.67		SDOT
	GLGLF	AQB	FFRMF	KALRQ	CMGHF	PRCF	URBF	HERB	CFPI	SDOT

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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

CFPI	+ 0.88	AQB
SDOT	+ 0.85	AQB
SDOT	+ 0.67	CFPI
CMGHF	+ 0.39	AQB
CFPI	+ 0.31	CMGHF
SDOT	+ 0.18	CMGHF

High negative correlations

SDOT	- 0.75	KALRQ
KALRQ	- 0.58	AQB
CFPI	- 0.44	KALRQ
HERB	- 0.15	KALRQ
CMGHF	- 0.12	KALRQ
SDOT	- 0.0	URBF

Risk-Adjusted Indicators

There is a big difference between Avax Stock performing well and Avax One 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 Avax One'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
GLGLF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AQB	3.71	(0.76)	0.00	1.30	0.00	0.00	7.87	(9.39)	29.80
FFRMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KALRQ	2.98	1.77	0.00	(0.53)	0.00	0.00	0.00	0.00	100.00
CMGHF	2.50	(0.96)	0.00	0.59	0.00	0.00	0.00	0.00	75.37
PRCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
URBF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HERB	16.65	3.51	0.10	10.51	15.65	(37.56)	70.91	(36.60)	123.64
CFPI	1.49	(0.81)	0.00	(1.63)	0.00	0.00	0.00	0.00	50.00
SDOT	7.55	(0.78)	0.00	(0.06)	0.00	0.00	19.25	(20.09)	58.45

Avax One Corporate Management

Esq CPA	Chief Officer	Profile
Peter Wylie	Chief Officer	Profile
Christopher Polimeni	Chief Officer	Profile
Troy McClellan	Executive Officer	Profile

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