Armstrong Flooring Correlations

AFIIQDelisted Stock  USD 0.01  0.00  0.00%   
The correlation of Armstrong Flooring 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Armstrong Flooring moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Armstrong Flooring moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Significant diversification

The correlation between Armstrong Flooring and NYA is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Armstrong Flooring and NYA in the same portfolio, assuming nothing else is changed.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
  
The ability to find closely correlated positions to Armstrong Flooring could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Armstrong Flooring 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 Armstrong Flooring - 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 Armstrong Flooring to buy it.

Moving against Armstrong OTC Stock

  0.43GMS GMS Inc Financial Report 27th of June 2024 PairCorr
  0.42TT Trane Technologies Plc Financial Report 1st of May 2024 PairCorr
  0.44BLDR Builders FirstSource Financial Report 1st of May 2024 PairCorr
  0.43AZEK Azek Company Financial Report 2nd of May 2024 PairCorr
  0.42WMS Advanced Drainage Systems Financial Report 16th of May 2024 PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
PGRGEN
RBCTFX
RBCCOTY
PGCOTY
RGENCOTY
HCMCOTY
  
High negative correlations   
RBCPG
TFXPG
HCMRGEN
HCMTFX
RBCRGEN
HCMPG

Risk-Adjusted Indicators

There is a big difference between Armstrong OTC Stock performing well and Armstrong Flooring OTC Stock 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 Armstrong Flooring'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.

Armstrong Flooring 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 Armstrong Flooring otc stock to make a market-neutral strategy. Peer analysis of Armstrong Flooring could also be used in its relative valuation, which is a method of valuing Armstrong Flooring by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Armstrong Flooring Corporate Management

Elected by the shareholders, the Armstrong Flooring's board of directors comprises two types of representatives: Armstrong Flooring inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Armstrong. The board's role is to monitor Armstrong Flooring's management team and ensure that shareholders' interests are well served. Armstrong Flooring's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Armstrong Flooring's outside directors are responsible for providing unbiased perspectives on the board's policies.

Still Interested in Armstrong Flooring?

Investing in delisted otcs can be risky, as the otc stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

Other Consideration for investing in Armstrong OTC Stock

If you are still planning to invest in Armstrong Flooring check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Armstrong Flooring's history and understand the potential risks before investing.
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Odds Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios