AGND Related Correlations

Generate correlation matrix for AGND and other related equities to check the degree to which AGND 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 AGND. To filter out specific equities, please toggle its corresponding legend item. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
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The market value of AGND is measured differently than its book value, which is the value of AGND that is recorded on the company's balance sheet. Investors also form their own opinion of AGND's value that differs from its market value or its book value, called intrinsic value, which is AGND's 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 AGND's market value can be influenced by many factors that don't directly affect AGND's 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 AGND's value and its price as these two are different measures arrived at by different means. Investors typically determine if AGND is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AGND's 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

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AGND Competition Risk-Adjusted Indicators

There is a big difference between AGND Etf performing well and AGND ETF 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 AGND'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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.68  0.66  0.28 (0.73) 1.13 
 3.34 
 24.74 
MSFT  0.88  0.06  0.05  0.18  0.90 
 2.11 
 5.31 
UBER  1.60  0.13  0.15  0.19  1.41 
 2.83 
 18.39 
F  1.48 (0.12) 0.01  0.07  1.61 
 4.07 
 9.61 
T  0.98  0.07 (0.01) 0.31  1.16 
 2.20 
 6.58 
A  1.10 (0.10)(0.02) 0.06  1.43 
 2.27 
 5.92 
CRM  1.16  0.02  0.04  0.14  1.29 
 2.85 
 8.93 
JPM  0.66  0.17  0.20  0.33  0.30 
 1.73 
 3.96 
MRK  0.70  0.24  0.29  0.46  0.00 
 1.95 
 6.92 
XOM  0.87  0.13  0.07  0.35  0.79 
 2.04 
 4.66