ADVANCED ANALOGIC Correlations

The correlation of ADVANCED ANALOGIC is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ADVANCED ANALOGIC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ADVANCED ANALOGIC TECHNOLOGIES moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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The ability to find closely correlated positions to ADVANCED ANALOGIC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ADVANCED ANALOGIC 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 ADVANCED ANALOGIC - 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 ADVANCED ANALOGIC TECHNOLOGIES to buy it.

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
FUBER
AMSFT
FMSFT
AF
UBERMSFT
XOMJPM
  
High negative correlations   

ADVANCED ANALOGIC Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between ADVANCED ANALOGIC stock performing well and ADVANCED ANALOGIC company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze ADVANCED ANALOGIC's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
TWTR 2.27 (0.12)  0.00 (0.06)  0.00 (0.0394)  0.00  4.00 (5.55)  17.65 
MSFT 1.64  0.04  0.03  0.10  2.02  0.0309 (1.74)  2.97 (4.10)  7.83 
UBER 3.49  0.45  0.11  0.34  3.87  0.11 (3.67)  6.40 (7.08)  21.38 
F 2.62  0.20  0.09  0.17  2.90  0.09 (2.81)  5.32 (4.03)  16.84 
T 1.11 (0.11)  0.00 (0.10)  0.00 (0.08)  0.00  2.00 (2.45)  10.60 
A 1.80  0.14  0.08  0.18  1.89  0.07 (2.03)  4.22 (3.15)  8.98 
CRM 2.46  0.11  0.06  0.13  2.83  0.05 (2.70)  5.77 (4.63)  16.84 
JPM 1.45 (0.02) (0.01)  0.05  1.52 (0.0055) (1.78)  3.03 (2.34)  10.79 
MRK 1.00  0.04  0.00  0.17  1.21 (0.0045) (1.05)  2.11 (2.50)  6.96 
XOM 1.94  0.14  0.05  0.23  2.59  0.05 (1.86)  3.33 (3.96)  10.43 

Delisting Warning - AATI

ADVANCED ANALOGIC was delisted

  The entity ADVANCED ANALOGIC TECHNOLOGIES with a symbol AATI was delisted from NASDAQ Exchange. Please use ANALYSIS TECHNOLOGY INC with a symbol AATI1 from now on.

Invested in ADVANCED ANALOGIC TECHNOLOGIES?

You need to understand the risk of investing before taking a position in ADVANCED ANALOGIC. The danger of trading ADVANCED ANALOGIC TECHNOLOGIES is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of ADVANCED ANALOGIC is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than ADVANCED ANALOGIC. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ADVANCED ANALOGIC is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities. Note that the ADVANCED ANALOGIC information on this page should be used as a complementary analysis to other ADVANCED ANALOGIC's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Global Correlations module to find global opportunities by holding instruments from different markets.

Other Tools for ADVANCED Stock

When running ADVANCED ANALOGIC price analysis, check to measure ADVANCED ANALOGIC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ADVANCED ANALOGIC is operating at the current time. Most of ADVANCED ANALOGIC's value examination focuses on studying past and present price action to predict the probability of ADVANCED ANALOGIC's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move ADVANCED ANALOGIC's price. Additionally, you may evaluate how the addition of ADVANCED ANALOGIC to your portfolios can decrease your overall portfolio volatility.
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