Acorn International Related Correlations

Generate correlation matrix for Acorn International and other related equities to check the degree to which Acorn International 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 Acorn International. 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 company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
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Please note, there is a significant difference between Acorn International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Acorn International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Acorn International'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

GOLD
IIIN
NXPL
HIHO
RSVR
TV
GOLD
0.590.51-0.460.20.15
GOLD
IIIN
0.590.32-0.20.20.33
IIIN
NXPL
0.510.32-0.53-0.390.37
NXPL
HIHO
-0.46-0.2-0.530.22-0.05
HIHO
RSVR
0.20.2-0.390.22-0.17
RSVR
TV
0.150.330.37-0.05-0.17
TV
GOLD
IIIN
NXPL
HIHO
RSVR
TV
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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   
IIINGOLD
NXPLGOLD
TVNXPL
TVIIIN
NXPLIIIN
RSVRHIHO
  
High negative correlations   
HIHONXPL
HIHOGOLD
RSVRNXPL
HIHOIIIN
TVRSVR
TVHIHO

Risk-Adjusted Indicators

There is a big difference between Acorn Stock performing well and Acorn 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 Acorn 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.