Akso Health Correlations

AHG Stock

USD 1.35 0.01 0.74%

The current 90-days correlation between Akso Health Group and bioAffinity Technologies, is 0.08 (i.e., Significant diversification). The correlation of Akso Health 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.

Akso Health Correlation With Market

Significant diversification

The correlation between Akso Health Group and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Akso Health Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Akso Stock

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

Moving together with Akso Stock

0.76	OM	Outset Medical	Pair Corr
0.72	XRAY	Dentsply Sirona	Pair Corr
0.65	WOK	WORK Medical Technology	Pair Corr
0.75	ICCM	Icecure Medical	Pair Corr
0.64	MHC	MyHealthChecked Plc	Pair Corr
0.7	IHC	Inspiration Healthcare	Pair Corr
0.68	688151	Hubei Huaqiang High	Pair Corr
0.84	CREO	Creo Medical Group	Pair Corr
0.67	MBOT	Microbot Medical	Pair Corr
0.85	RMTI	Rockwell Medical	Pair Corr
0.85	688050	Eyebright Medical	Pair Corr
0.82	TMCI	Treace Medical Concepts	Pair Corr
0.71	UTMD	Utah Medical Products	Pair Corr

Moving against Akso Stock

0.82	DHR	Danaher	Pair Corr
0.79	688656	HOB Biotech Group	Pair Corr
0.35	KMTS	Kestra Medical Techn	Pair Corr
0.88	PROF	Profound Medical Corp	Pair Corr
0.73	SIBN	Si Bone	Pair Corr
0.73	BFLY	Butterfly Network	Pair Corr
0.67	TCRT	Alaunos Therapeutics	Pair Corr
0.66	IAS	Integral Ad Science	Pair Corr
0.54	002432	Andon Health	Pair Corr
0.53	PBCRF	PT Bank Central	Pair Corr
0.53	NBTX	Nanobiotix	Pair Corr
0.39	CICHF	China Construction Bank	Pair Corr
0.37	OFIX	Orthofix Medical	Pair Corr

Related Correlations Analysis

	LIPO	SLRX	SLXN	INDP	PTIX	BIAF	SPRC	MNDR	ARTL	JSPR
LIPO		0.74	0.76	0.64	0.85	0.62	0.84	0.78	0.8	0.71	LIPO
SLRX	0.74		0.83	0.67	0.83	0.67	0.71	0.7	0.87	0.83	SLRX
SLXN	0.76	0.83		0.83	0.76	0.53	0.74	0.65	0.82	0.84	SLXN
INDP	0.64	0.67	0.83		0.54	0.19	0.66	0.53	0.56	0.7	INDP
PTIX	0.85	0.83	0.76	0.54		0.69	0.8	0.82	0.96	0.79	PTIX
BIAF	0.62	0.67	0.53	0.19	0.69		0.42	0.56	0.73	0.55	BIAF
SPRC	0.84	0.71	0.74	0.66	0.8	0.42		0.76	0.76	0.71	SPRC
MNDR	0.78	0.7	0.65	0.53	0.82	0.56	0.76		0.77	0.67	MNDR
ARTL	0.8	0.87	0.82	0.56	0.96	0.73	0.76	0.77		0.84	ARTL
JSPR	0.71	0.83	0.84	0.7	0.79	0.55	0.71	0.67	0.84		JSPR
	LIPO	SLRX	SLXN	INDP	PTIX	BIAF	SPRC	MNDR	ARTL	JSPR

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Risk-Adjusted Indicators

There is a big difference between Akso Stock performing well and Akso Health 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 Akso Health'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
LIPO	5.67	(0.70)	0.00	0.88	0.00	0.00	14.29	(13.95)	34.87
SLRX	6.18	(2.44)	0.00	(14.64)	0.00	0.00	10.05	(17.99)	66.01
SLXN	3.34	(0.17)	0.00	(5.64)	0.00	0.00	7.84	(5.96)	28.03
INDP	6.47	0.18	0.05	0.12	7.45	(7.12)	16.82	(12.56)	37.41
PTIX	4.05	(0.97)	0.00	34.29	0.00	0.00	7.90	(8.25)	25.39
BIAF	7.24	(2.14)	0.00	8.06	0.00	0.00	9.79	(20.51)	93.70
SPRC	9.85	1.40	0.16	0.70	8.57	(14.11)	24.35	(15.48)	172.66
MNDR	9.10	(0.56)	0.00	(0.09)	0.00	0.00	22.16	(20.35)	121.66
ARTL	5.36	(1.17)	0.00	149.45	0.00	0.00	6.88	(11.08)	51.24
JSPR	3.86	(0.59)	0.00	(0.23)	0.00	0.00	6.55	(8.06)	24.97

Akso Health Corporate Management

Rui Zhang	Chief Officer	Profile
Zhongliang Xie	Chief Officer	Profile
Yilin Wang	CEO Board	Profile
Ma Xiaoqin	Corporate Secretary	Profile
Daisy Wang	Investor Contact	Profile

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