Airsculpt Technologies Correlations
| AIRS Stock | USD 5.65 0.01 0.18% |
The correlation of Airsculpt Technologies 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 Airsculpt Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Airsculpt Technologies 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.
Very weak diversification
The correlation between Airsculpt Technologies and NYA is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Airsculpt Technologies and NYA in the same portfolio, assuming nothing else is changed.
Airsculpt |
The ability to find closely correlated positions to Airsculpt Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Airsculpt Technologies 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 Airsculpt Technologies - 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 Airsculpt Technologies to buy it.
Moving together with Airsculpt Stock
| 0.69 | DH | Definitive Healthcare Financial Report 2nd of May 2024 | PairCorr |
| 0.87 | GH | Guardant Health Financial Report 14th of May 2024 | PairCorr |
| 0.85 | HCAT | Health Catalyst Financial Report 14th of May 2024 | PairCorr |
| 0.68 | HSTM | HealthStream Upward Rally | PairCorr |
| 0.65 | ICCM | Icecure Medical Financial Report 27th of May 2024 | PairCorr |
Moving against Airsculpt Stock
| 0.85 | AGTI | Agiliti Sell-off Trend | PairCorr |
| 0.72 | RCM | R1 RCM Inc Financial Report 2nd of May 2024 | PairCorr |
| 0.69 | HQY | HealthEquity Financial Report 3rd of June 2024 | PairCorr |
| 0.55 | STIM | Neuronetics Financial Report 14th of May 2024 | PairCorr |
| 0.52 | CERT | Certara Financial Report 13th of May 2024 | PairCorr |
| 0.5 | DHR | Danaher Buyout Trend | PairCorr |
| 0.43 | FORA | Forian Inc Financial Report 10th of May 2024 | PairCorr |
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 Airsculpt Stock performing well and Airsculpt Technologies 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 Airsculpt Technologies' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HSTM | 1.06 | (0.23) | 0.00 | (0.24) | 0.00 | 1.88 | 4.67 | |||
| NRC | 1.21 | (0.32) | 0.00 | (0.20) | 0.00 | 2.27 | 13.13 | |||
| HQY | 1.07 | 0.10 | 0.04 | 0.37 | 1.17 | 2.43 | 6.23 | |||
| HCAT | 2.90 | (0.98) | 0.00 | (0.37) | 0.00 | 4.85 | 14.54 | |||
| DH | 2.45 | (0.34) | 0.00 | (0.06) | 0.00 | 5.45 | 13.17 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Airsculpt Technologies without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Airsculpt Technologies Corporate Management
Elected by the shareholders, the Airsculpt Technologies' board of directors comprises two types of representatives: Airsculpt Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Airsculpt. The board's role is to monitor Airsculpt Technologies' management team and ensure that shareholders' interests are well served. Airsculpt Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Airsculpt Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Dennis Dean | Chief Officer | Profile | |
| Stephanie Greene | Chief Officer | Profile | |
| Liraz Isaac | Head People | Profile | |
| Ronald Zelhof | COO Pres | Profile |
Already Invested in Airsculpt Technologies?
The danger of trading Airsculpt Technologies 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 Airsculpt Technologies 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 Airsculpt Technologies. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Airsculpt Technologies 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 Airsculpt Technologies is a strong investment it is important to analyze Airsculpt Technologies' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Airsculpt Technologies' future performance. For an informed investment choice regarding Airsculpt Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Airsculpt Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more information on how to buy Airsculpt Stock please use our How to Invest in Airsculpt Technologies guide.You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
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When running Airsculpt Technologies' price analysis, check to measure Airsculpt Technologies' 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 Airsculpt Technologies is operating at the current time. Most of Airsculpt Technologies' value examination focuses on studying past and present price action to predict the probability of Airsculpt Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Airsculpt Technologies' price. Additionally, you may evaluate how the addition of Airsculpt Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Airsculpt Technologies' 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 Airsculpt Technologies. If investors know Airsculpt 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 Airsculpt Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 2 | Earnings Share (0.08) | Revenue Per Share 3.451 | Quarterly Revenue Growth 0.17 | Return On Assets 0.0286 |
The market value of Airsculpt Technologies is measured differently than its book value, which is the value of Airsculpt that is recorded on the company's balance sheet. Investors also form their own opinion of Airsculpt Technologies' value that differs from its market value or its book value, called intrinsic value, which is Airsculpt Technologies' 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 Airsculpt Technologies' market value can be influenced by many factors that don't directly affect Airsculpt Technologies' 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 Airsculpt Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Airsculpt Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Airsculpt Technologies' 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.