Airspan Networks Correlations
| MIMO Stock | USD 0.01 0 53.85% |
The correlation of Airspan Networks 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 Airspan Networks moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Airspan Networks Holdings 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 Airspan Networks Holdings and NYA is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Airspan Networks Holdings and NYA in the same portfolio, assuming nothing else is changed.
Airspan |
The ability to find closely correlated positions to Airspan Networks could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Airspan Networks 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 Airspan Networks - 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 Airspan Networks Holdings to buy it.
Moving together with Airspan Stock
| 0.71 | Z | Zillow Group Class Financial Report 1st of May 2024 | PairCorr |
Moving against Airspan Stock
| 0.67 | IQ | iQIYI Inc Financial Report 21st of May 2024 | PairCorr |
| 0.51 | SY | So Young International | PairCorr |
| 0.45 | BZ | Kanzhun Ltd ADR Financial Report 22nd of May 2024 | PairCorr |
| 0.44 | CURIW | CuriosityStream | PairCorr |
| 0.41 | YQ | 17 Education Technology | 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
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Risk-Adjusted Indicators
There is a big difference between Airspan Stock performing well and Airspan Networks 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 Airspan Networks' 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.Airspan Networks 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 Airspan Networks stock to make a market-neutral strategy. Peer analysis of Airspan Networks could also be used in its relative valuation, which is a method of valuing Airspan Networks by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Airspan Networks Corporate Management
Elected by the shareholders, the Airspan Networks' board of directors comprises two types of representatives: Airspan Networks inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Airspan. The board's role is to monitor Airspan Networks' management team and ensure that shareholders' interests are well served. Airspan Networks' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Airspan Networks' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Christopher Riley | General Counsel | Profile | |
| Eli Leizerovitz | Head Products | Profile | |
| Howie Waterman | Head Relations | Profile | |
| Uzi Shalev | Chief Officer | Profile | |
| Henrik SmithPetersen | Chief Officer | Profile | |
| Moshik Ohana | Senior RD | Profile |
Already Invested in Airspan Networks Holdings?
The danger of trading Airspan Networks Holdings 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 Airspan Networks 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 Airspan Networks. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Airspan Networks Holdings 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 Correlation Analysis 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 population. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
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When running Airspan Networks' price analysis, check to measure Airspan Networks' 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 Airspan Networks is operating at the current time. Most of Airspan Networks' value examination focuses on studying past and present price action to predict the probability of Airspan Networks' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Airspan Networks' price. Additionally, you may evaluate how the addition of Airspan Networks to your portfolios can decrease your overall portfolio volatility.
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Is Airspan Networks' 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 Airspan Networks. If investors know Airspan 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 Airspan Networks listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.75) | Revenue Per Share 1.517 | Quarterly Revenue Growth (0.65) | Return On Assets (0.34) |
The market value of Airspan Networks Holdings is measured differently than its book value, which is the value of Airspan that is recorded on the company's balance sheet. Investors also form their own opinion of Airspan Networks' value that differs from its market value or its book value, called intrinsic value, which is Airspan Networks' 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 Airspan Networks' market value can be influenced by many factors that don't directly affect Airspan Networks' 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 Airspan Networks' value and its price as these two are different measures arrived at by different means. Investors typically determine if Airspan Networks is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Airspan Networks' 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.