Ainos Correlations
| AIMDW Stock | USD 0.05 0.0001 0.22% |
The current 90-days correlation between Ainos Inc and Ideaya Biosciences is -0.16 (i.e., Good diversification). The correlation of Ainos 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.
Ainos Correlation With Market
Good diversification
The correlation between Ainos Inc and NYA is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ainos Inc and NYA in the same portfolio, assuming nothing else is changed.
Ainos |
Moving against Ainos Stock
| 0.61 | MRK | Merck Company Financial Report 6th of August 2024 | PairCorr |
| 0.36 | ROIV | Roivant Sciences Sell-off Trend | PairCorr |
| 0.33 | JPHLF | Japan Post Holdings | PairCorr |
| 0.58 | GE | GE Aerospace Financial Report 23rd of July 2024 | PairCorr |
| 0.49 | DD | Dupont De Nemours Financial Report 7th of August 2024 | PairCorr |
| 0.37 | AXP | American Express Financial Report 19th of July 2024 | PairCorr |
| 0.33 | JPM | JPMorgan Chase Financial Report 12th of July 2024 | PairCorr |
| 0.31 | KO | Coca Cola Sell-off Trend | PairCorr |
Related Correlations Analysis
| 0.21 | 0.73 | 0.63 | -0.41 | 0.6 | IDYA | ||
| 0.21 | 0.04 | 0.5 | 0.38 | -0.13 | ANAB | ||
| 0.73 | 0.04 | 0.63 | -0.34 | 0.62 | TNYA | ||
| 0.63 | 0.5 | 0.63 | 0.01 | 0.36 | IGMS | ||
| -0.41 | 0.38 | -0.34 | 0.01 | -0.73 | MRUS | ||
| 0.6 | -0.13 | 0.62 | 0.36 | -0.73 | INBX | ||
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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 Ainos Stock performing well and Ainos 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 Ainos' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IDYA | 2.06 | (0.26) | 0.00 | (0.12) | 0.00 | 2.74 | 10.88 | |||
| ANAB | 3.27 | 0.03 | 0.01 | 0.04 | 4.43 | 11.29 | 25.02 | |||
| TNYA | 3.23 | (0.73) | 0.00 | (0.30) | 0.00 | 5.74 | 18.46 | |||
| IGMS | 4.68 | (0.41) | 0.00 | (0.58) | 0.00 | 9.57 | 48.77 | |||
| MRUS | 2.70 | 0.42 | 0.15 | 0.46 | 2.51 | 6.11 | 44.66 | |||
| INBX | 2.11 | (0.63) | 0.00 | (0.21) | 0.00 | 2.46 | 60.40 |
Ainos Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Ainos stock to make a market-neutral strategy. Peer analysis of Ainos could also be used in its relative valuation, which is a method of valuing Ainos by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Ainos Corporate Management
| HuiLan Wu | Chief Officer | Profile | |
| HsinLiang Lee | Chief Officer | Profile | |
| Lawrence Lin | Executive Operations | Profile | |
| MengLin Sung | Chief Officer | Profile | |
| John Esq | Corp Counsel | Profile |