Avgol Industries Related Correlations

AVGL Stock   139.30  0.30  0.21%   
Generate correlation matrix for Avgol Industries and other related equities to check the degree to which Avgol Industries 1953 price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Avgol Industries 1953. To filter out specific equities, please toggle its corresponding legend item. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avgol Industries 1953. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
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Please note, there is a significant difference between Avgol Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Avgol Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avgol Industries' 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.

Correlations

ICB
BIGT
GKL
DLEKG
ICB
0.570.260.0
ICB
BIGT
0.570.560.23
BIGT
GKL
0.260.560.64
GKL
DLEKG
0.00.230.64
DLEKG
ICB
BIGT
GKL
DLEKG
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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   
DLEKGGKL
BIGTICB
GKLBIGT
GKLICB
DLEKGBIGT
DLEKGICB
  
High negative correlations   
DLEKGICB

Risk-Adjusted Indicators

There is a big difference between Avgol Stock performing well and Avgol Industries 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 Avgol Industries' 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.