A2 Milk Correlations
| ACOPF Stock | USD 5.00 0.04 0.79% |
The current 90-days correlation between a2 Milk and The A2 Milk is -0.02 (i.e., Good diversification). The correlation of A2 Milk 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.
A2 Milk Correlation With Market
Good diversification
The correlation between The a2 Milk and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The a2 Milk and DJI in the same portfolio, assuming nothing else is changed.
ACOPF |
The ability to find closely correlated positions to A2 Milk could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace A2 Milk when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back A2 Milk - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling The a2 Milk to buy it.
Moving against ACOPF Pink Sheet
| 0.58 | PKX | POSCO Holdings | PairCorr |
| 0.53 | KB | KB Financial Group | PairCorr |
| 0.5 | KLKBF | Kuala Lumpur Kepong | PairCorr |
| 0.41 | MNHVF | Mowi ASA | PairCorr |
| 0.39 | ADM | Archer Daniels Midland | PairCorr |
| 0.56 | WBD | Warner Bros Discovery Earnings Call This Week | PairCorr |
| 0.55 | QS | Quantumscape Corp | PairCorr |
| 0.53 | MCRB | Seres Therapeutics Earnings Call This Week | PairCorr |
| 0.52 | C | Citigroup Earnings Call This Week | PairCorr |
| 0.51 | SVC | Service Properties Trust Earnings Call This Week | PairCorr |
| 0.47 | GGZ | Gabelli Global Small | PairCorr |
| 0.46 | TRBMF | Torq Resources | PairCorr |
| 0.4 | FGMC | FG Merger II | PairCorr |
| 0.33 | MTB-PH | MT Bank | PairCorr |
| 0.54 | NKE | Nike Inc Sell-off Trend | PairCorr |
| 0.52 | FULC | Fulcrum Therapeutics | PairCorr |
| 0.52 | TU | Telus Corp | PairCorr |
| 0.51 | AMG | Affiliated Managers | PairCorr |
| 0.51 | INVZ | Innoviz Technologies | PairCorr |
| 0.43 | MNYWW | MoneyHero Limited | PairCorr |
| 0.4 | BKU | BankUnited | PairCorr |
| 0.39 | IZEA | IZEA Inc | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between ACOPF Pink Sheet performing well and A2 Milk 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 A2 Milk'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ACOPY | 1.20 | (0.16) | 0.00 | (0.11) | 0.00 | 5.21 | 18.37 | |||
| ARRT | 0.60 | (0.35) | 0.00 | (0.84) | 0.00 | 0.00 | 20.00 | |||
| AVOZ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AVSFY | 0.63 | (0.15) | 0.00 | 1.34 | 0.00 | 0.00 | 15.05 | |||
| AACAY | 2.34 | 0.26 | 0.04 | (0.34) | 2.22 | 5.39 | 20.84 | |||
| ACSAY | 1.32 | 0.12 | 0.04 | 0.33 | 1.36 | 2.56 | 7.85 | |||
| TSRYY | 1.23 | (0.26) | 0.00 | 28.69 | 0.00 | 2.09 | 10.25 | |||
| BCCLF | 2.88 | 0.32 | 0.03 | (0.73) | 3.28 | 10.83 | 23.86 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in A2 Milk without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Portfolio Comparator Now
Portfolio ComparatorCompare the composition, asset allocations and performance of any two portfolios in your account |
| All Next | Launch Module |
A2 Milk Corporate Management
| Li Xiao | Chief Executive Greater China | Profile | |
| BCom BComm | CEO MD | Profile | |
| Shareef Khan | General Manager of Operations | Profile | |
| Amanda Hart | Chief Officer | Profile | |
| David Akers | Group Sustainability | Profile | |
| Edith Bailey | Chief Officer | Profile |