The correlation of Aquagold International is a statistical measure of how it moves in relation to other equities. 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 Aquagold International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aquagold International 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, which includes a position in Aquagold International. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in real.
The correlation between Aquagold International and NYA is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aquagold International and NYA in the same portfolio, assuming nothing else is changed.
The ability to find closely correlated positions to Aquagold International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aquagold International 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 Aquagold International - 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 Aquagold International to buy it.
Moving together with Aquagold Pink Sheet
Moving against Aquagold Pink Sheet
Related Correlations Analysis
|Click cells to compare fundamentals
Correlation MatchupsOver 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
Risk-Adjusted IndicatorsThere is a big difference between Aquagold Pink Sheet performing well and Aquagold International 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 Aquagold International'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.
Be your own money managerOur tools can tell you how much better you can do entering a position in Aquagold International 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.
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Aquagold International Corporate Management
Elected by the shareholders, the Aquagold International's board of directors comprises two types of representatives: Aquagold International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aquagold. The board's role is to monitor Aquagold International's management team and ensure that shareholders' interests are well served. Aquagold International'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, Aquagold International's outside directors are responsible for providing unbiased perspectives on the board's policies.
Already Invested in Aquagold International?
The danger of trading Aquagold International 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 Aquagold International 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 Aquagold International. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Aquagold International 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.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aquagold International. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for Aquagold Pink Sheet analysis
When running Aquagold International's price analysis, check to measure Aquagold International'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 Aquagold International is operating at the current time. Most of Aquagold International's value examination focuses on studying past and present price action to predict the probability of Aquagold International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aquagold International's price. Additionally, you may evaluate how the addition of Aquagold International to your portfolios can decrease your overall portfolio volatility.
Check portfolio volatility and analyze historical return density to properly model market risk
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Top statistical indicators that provide insights into how an economy is performing
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
|Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
List of equity sectors categorizing publicly traded companies based on their primary business activities
Portfolio dashboard that provides centralized access to all your investments
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.