ADVANCED HEALTH Correlations
| AHI Stock | USD 1.50 0.00 0.00% |
The correlation of ADVANCED 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ADVANCED HEALTH moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ADVANCED HEALTH INTELLIGENCE 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.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. ADVANCED |
The ability to find closely correlated positions to ADVANCED 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 ADVANCED 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 ADVANCED 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 ADVANCED HEALTH INTELLIGENCE to buy it.
Moving against ADVANCED Stock
Related Correlations Analysis
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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 ADVANCED Stock performing well and ADVANCED 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 ADVANCED 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AKRFF | 1.57 | 0.35 | 0.00 | (0.35) | 0.00 | 6.56 | 34.55 | |||
| ROWKF | 3.73 | 1.85 | 0.00 | 3.03 | 0.00 | 0.00 | 125.00 | |||
| DPSIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DUBRF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| OONEF | 0.50 | (0.29) | 0.00 | (0.48) | 0.00 | 0.00 | 16.67 | |||
| ALKT | 1.53 | (0.12) | 0.00 | (0.02) | 0.00 | 3.10 | 9.72 | |||
| MIXT | 2.36 | 1.16 | 0.66 | (2.19) | 0.73 | 7.88 | 15.56 | |||
| AGYS | 1.80 | 0.08 | 0.04 | 0.12 | 2.34 | 3.74 | 12.44 | |||
| ADEA | 1.66 | (0.30) | 0.00 | (0.10) | 0.00 | 3.04 | 13.57 | |||
| PYCR | 1.58 | (0.34) | 0.00 | (0.14) | 0.00 | 3.15 | 9.05 |
View ADVANCED HEALTH Related Equities
| Risk & Return | Correlation |
ADVANCED HEALTH Corporate Management
Elected by the shareholders, the ADVANCED HEALTH's board of directors comprises two types of representatives: ADVANCED HEALTH inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ADVANCED. The board's role is to monitor ADVANCED HEALTH's management team and ensure that shareholders' interests are well served. ADVANCED HEALTH'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, ADVANCED HEALTH's outside directors are responsible for providing unbiased perspectives on the board's policies.
| BA BA | CEO CoFounder | Profile | |
| Ryan Snowden | Chief Officer | Profile | |
| Kevin Baum | Chief Officer | Profile | |
| Anita Swan | Marketing Director | Profile | |
| Terence Stupple | Chief Officer | Profile | |
| BSc BCom | Chief Officer | Profile | |
| Amar ElSallam | Chief Officer | Profile |
Already Invested in ADVANCED HEALTH INTELLIGENCE?
The danger of trading ADVANCED HEALTH INTELLIGENCE is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of ADVANCED HEALTH is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than ADVANCED HEALTH. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ADVANCED HEALTH INTE is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether ADVANCED HEALTH INTE offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ADVANCED HEALTH's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Advanced Health Intelligence Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Advanced Health Intelligence Stock: Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the ADVANCED HEALTH INTE information on this page should be used as a complementary analysis to other ADVANCED HEALTH's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary Tools for ADVANCED Stock analysis
When running ADVANCED HEALTH's price analysis, check to measure ADVANCED HEALTH's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ADVANCED HEALTH is operating at the current time. Most of ADVANCED HEALTH's value examination focuses on studying past and present price action to predict the probability of ADVANCED HEALTH's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ADVANCED HEALTH's price. Additionally, you may evaluate how the addition of ADVANCED HEALTH to your portfolios can decrease your overall portfolio volatility.
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Is ADVANCED HEALTH's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ADVANCED HEALTH. If investors know ADVANCED will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ADVANCED HEALTH listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of ADVANCED HEALTH INTE is measured differently than its book value, which is the value of ADVANCED that is recorded on the company's balance sheet. Investors also form their own opinion of ADVANCED HEALTH's value that differs from its market value or its book value, called intrinsic value, which is ADVANCED HEALTH's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ADVANCED HEALTH's market value can be influenced by many factors that don't directly affect ADVANCED HEALTH's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ADVANCED HEALTH's value and its price as these two are different measures arrived at by different means. Investors typically determine if ADVANCED HEALTH is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ADVANCED HEALTH's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.