Able View Correlations

ABLV Stock

0.88 0.08 8.33%

The current 90-days correlation between Able View Global and Thumzup Media is 0.11 (i.e., Average diversification). The correlation of Able View 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Able View Correlation With Market

Average diversification

The correlation between Able View Global and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Able View Global and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Able Stock

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

Moving against Able Stock

0.41	301102	Mega info Media	Pair Corr
0.33	603598	Inly Media	Pair Corr
0.45	603729	Shanghai Longyun Advg	Pair Corr
0.35	300612	Shunya International	Pair Corr
0.35	605168	Threes Company	Pair Corr
0.33	ILLM	illumin Holdings Earnings Call This Week	Pair Corr

Related Correlations Analysis

	TZUP	INUV	SDM	FLNT	ACCS	RDI	LVO	TC	MNY	VSME
TZUP		0.28	0.31	0.4	0.63	-0.36	0.5	-0.29	0.39	-0.22	TZUP
INUV	0.28		0.44	0.2	0.73	0.2	0.18	-0.4	0.4	0.33	INUV
SDM	0.31	0.44		-0.14	0.64	0.48	0.42	-0.5	0.79	0.43	SDM
FLNT	0.4	0.2	-0.14		0.25	-0.02	0.06	-0.17	-0.02	-0.14	FLNT
ACCS	0.63	0.73	0.64	0.25		0.16	0.32	-0.58	0.69	0.3	ACCS
RDI	-0.36	0.2	0.48	-0.02	0.16		-0.32	-0.17	0.36	0.78	RDI
LVO	0.5	0.18	0.42	0.06	0.32	-0.32		-0.29	0.54	-0.42	LVO
TC	-0.29	-0.4	-0.5	-0.17	-0.58	-0.17	-0.29		-0.49	-0.11	TC
MNY	0.39	0.4	0.79	-0.02	0.69	0.36	0.54	-0.49		0.35	MNY
VSME	-0.22	0.33	0.43	-0.14	0.3	0.78	-0.42	-0.11	0.35		VSME
	TZUP	INUV	SDM	FLNT	ACCS	RDI	LVO	TC	MNY	VSME

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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

MNY	+ 0.79	SDM
VSME	+ 0.78	RDI
ACCS	+ 0.73	INUV
MNY	+ 0.69	ACCS
ACCS	+ 0.64	SDM
ACCS	+ 0.63	TZUP

High negative correlations

TC	- 0.58	ACCS
TC	- 0.5	SDM
MNY	- 0.49	TC
VSME	- 0.42	LVO
TC	- 0.4	INUV
RDI	- 0.36	TZUP

Risk-Adjusted Indicators

There is a big difference between Able Stock performing well and Able View 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 Able View'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
TZUP	5.43	(1.50)	0.00	1.77	0.00	0.00	7.17	(12.19)	49.10
INUV	3.34	(0.94)	0.00	(0.48)	0.00	0.00	5.62	(7.58)	29.17
SDM	6.08	(0.82)	0.00	(0.43)	0.00	0.00	15.24	(15.10)	108.87
FLNT	3.19	(0.13)	0.00	(0.14)	0.00	0.00	5.31	(7.69)	31.50
ACCS	1.82	(0.28)	0.00	2.41	0.00	0.00	3.92	(3.51)	13.51
RDI	2.10	0.04	0.00	0.17	2.46	(2.42)	4.35	(4.17)	14.03
LVO	4.04	(0.40)	0.00	(0.08)	0.00	0.00	9.26	(8.54)	20.65
TC	4.68	0.76	0.14	2.03	4.55	(6.07)	11.95	(10.37)	51.33
MNY	4.17	(0.63)	0.00	(0.11)	0.00	0.00	11.68	(8.78)	33.84
VSME	6.56	(1.06)	0.00	(0.61)	0.00	0.00	13.33	(17.14)	79.56

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