AA Mission Correlations

AAM Stock

10.52 0.02 0.19%

The current 90-days correlation between AA Mission Acquisition and Kingdee International Software is -0.05 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AA Mission moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AA Mission Acquisition moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

AA Mission Correlation With Market

Very good diversification

The correlation between AA Mission Acquisition and DJI is -0.31 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AA Mission Acquisition and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with AAM Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AA Mission Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with AAM Stock

0.75	FNMFO	Federal National Mortgage	Pair Corr
0.78	AVAL	Grupo Aval	Pair Corr
0.86	BAC-PL	Bank of America	Pair Corr
0.87	WFC-PL	Wells Fargo	Pair Corr
0.67	RL	Ralph Lauren Corp	Pair Corr
0.65	ZMDTF	Zoomd Technologies	Pair Corr
0.74	SLVDF	Silver Dollar Resources	Pair Corr
0.73	HPTO	hopTo Inc	Pair Corr
0.65	TTMI	TTM Technologies	Pair Corr
0.81	WTS	Watts Water Technologies	Pair Corr
0.68	AXREF	Amarc Resources	Pair Corr
0.87	UBS	UBS Group AG Sell-off Trend	Pair Corr
0.76	AFRI	Forafric Global PLC	Pair Corr
0.66	SWKHL	SWK Holdings	Pair Corr
0.7	PNFPP	Pinnacle Financial	Pair Corr
0.8	EA	Electronic Arts	Pair Corr
0.89	CET	Central Securities	Pair Corr
0.61	LENZ	LENZ Therapeutics	Pair Corr
0.66	SOHVY	Sumitomo Heavy Industries	Pair Corr
0.61	CAPNU	Cayson Acquisition Corp	Pair Corr
0.76	TERN	Terns Pharmaceuticals	Pair Corr

Moving against AAM Stock

0.59	MNTN	MNTN, Inc	Pair Corr
0.44	SVREW	SaverOne 2014	Pair Corr
0.61	92346MBT7	US92346MBT71	Pair Corr
0.58	10554TAE5	BRASKM 5875 31	Pair Corr

Related Correlations Analysis

	ABVG	FIZZ	YCSBF	KGDEF	FQVTF	KO	CSXXY
ABVG		0.0	0.0	0.0	0.0	0.0	0.0	ABVG
FIZZ	0.0		0.0	0.12	0.51	0.83	-0.34	FIZZ
YCSBF	0.0	0.0		0.0	0.0	0.0	0.0	YCSBF
KGDEF	0.0	0.12	0.0		0.07	-0.14	0.16	KGDEF
FQVTF	0.0	0.51	0.0	0.07		0.39	-0.42	FQVTF
KO	0.0	0.83	0.0	-0.14	0.39		-0.33	KO
CSXXY	0.0	-0.34	0.0	0.16	-0.42	-0.33		CSXXY
	ABVG	FIZZ	YCSBF	KGDEF	FQVTF	KO	CSXXY

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

KO	+ 0.83	FIZZ
FQVTF	+ 0.51	FIZZ
KO	+ 0.39	FQVTF
CSXXY	+ 0.16	KGDEF
KGDEF	+ 0.12	FIZZ
FQVTF	+ 0.07	KGDEF

High negative correlations

CSXXY	- 0.42	FQVTF
CSXXY	- 0.34	FIZZ
CSXXY	- 0.33	KO
KO	- 0.14	KGDEF
CSXXY	- 0.0	YCSBF
KO	- 0.0	YCSBF

Risk-Adjusted Indicators

There is a big difference between AAM Stock performing well and AA Mission 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 AA Mission'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ABVG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FIZZ	1.29	(0.20)	0.00	1.65	0.00	0.00	2.67	(2.90)	11.82
YCSBF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KGDEF	1.20	0.24	0.00	52.36	0.00	0.00	3.81	0.00	32.31
FQVTF	1.96	(0.19)	0.00	(0.09)	0.00	0.00	3.43	(4.75)	18.35
KO	0.65	(0.09)	0.00	(1.51)	0.00	0.00	1.44	(1.26)	3.62
CSXXY	1.14	0.12	0.03	1.08	1.37	(1.78)	3.60	(3.54)	9.86

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