ANGI Homeservices Correlations
| ANGI Stock | USD 2.09 0.05 2.45% |
The correlation of ANGI Homeservices 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 ANGI Homeservices moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ANGI Homeservices 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 ANGI Homeservices and NYA is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ANGI Homeservices and NYA in the same portfolio, assuming nothing else is changed.
ANGI |
The ability to find closely correlated positions to ANGI Homeservices could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ANGI Homeservices 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 ANGI Homeservices - 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 ANGI Homeservices to buy it.
Moving together with ANGI Stock
| 0.9 | IAC | IAC Inc Financial Report 14th of May 2024 | PairCorr |
| 0.79 | SLE | Super League Enterprise Symbol Change | PairCorr |
Moving against ANGI Stock
| 0.65 | IZEA | IZEA Inc Financial Report 20th of May 2024 | PairCorr |
| 0.63 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
| 0.41 | YELP | Yelp Inc Financial Report 2nd of May 2024 | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in ANGI Homeservices 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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ANGI Homeservices Corporate Directors
ANGI Homeservices corporate directors refer to members of an ANGI Homeservices board of directors. The board of directors generally takes responsibility for the ANGI Homeservices' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of ANGI Homeservices' board members must vote for the resolution. The ANGI Homeservices board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| John Biddinger | Independent Director | Profile | |
| George Bell | Director | Profile | |
| Steven Kapner | Independent Director | Profile | |
| Susan Thronson | Independent Director | Profile |
Already Invested in ANGI Homeservices?
The danger of trading ANGI Homeservices 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 ANGI Homeservices 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 ANGI Homeservices. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ANGI Homeservices 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 ANGI Homeservices offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ANGI Homeservices' 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 Angi Homeservices Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Angi Homeservices Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ANGI Homeservices. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. For more detail on how to invest in ANGI Stock please use our How to Invest in ANGI Homeservices guide.Note that the ANGI Homeservices information on this page should be used as a complementary analysis to other ANGI Homeservices' 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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
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When running ANGI Homeservices' price analysis, check to measure ANGI Homeservices' 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 ANGI Homeservices is operating at the current time. Most of ANGI Homeservices' value examination focuses on studying past and present price action to predict the probability of ANGI Homeservices' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ANGI Homeservices' price. Additionally, you may evaluate how the addition of ANGI Homeservices to your portfolios can decrease your overall portfolio volatility.
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Is ANGI Homeservices' 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 ANGI Homeservices. If investors know ANGI 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 ANGI Homeservices 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 (0.75) | Earnings Share (0.06) | Revenue Per Share 2.686 | Quarterly Revenue Growth (0.32) | Return On Assets (0.01) |
The market value of ANGI Homeservices is measured differently than its book value, which is the value of ANGI that is recorded on the company's balance sheet. Investors also form their own opinion of ANGI Homeservices' value that differs from its market value or its book value, called intrinsic value, which is ANGI Homeservices' 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 ANGI Homeservices' market value can be influenced by many factors that don't directly affect ANGI Homeservices' 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 ANGI Homeservices' value and its price as these two are different measures arrived at by different means. Investors typically determine if ANGI Homeservices is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ANGI Homeservices' 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.