Aeroclean Technologies Correlations

AERC
 Stock
  

USD 3.76  0.03  0.79%   

The correlation of Aeroclean Technologies 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 Aeroclean Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aeroclean Technologies LLC 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 Aeroclean Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aeroclean Technologies 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 Aeroclean Technologies - 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 Aeroclean Technologies LLC to buy it.

Related Correlations

NIPOF
APLE
WH
HST
ACCYY
DRH
WTBCF
NIPOF
0.00.00.00.00.00.0
NIPOF
APLE
0.00.930.940.80.950.66
APLE
WH
0.00.930.870.750.830.61
WH
HST
0.00.940.870.840.970.67
HST
ACCYY
0.00.80.750.840.820.87
ACCYY
DRH
0.00.950.830.970.820.68
DRH
WTBCF
0.00.660.610.670.870.68
WTBCF
NIPOF
APLE
WH
HST
ACCYY
DRH
WTBCF
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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   
DRHHST
DRHAPLE
HSTAPLE
WHAPLE
HSTWH
WTBCFACCYY
  
High negative correlations   
WTBCFNIPOF
DRHNIPOF
ACCYYNIPOF
HSTNIPOF
WHNIPOF
APLENIPOF

Aeroclean Technologies Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Aeroclean Stock performing well and Aeroclean Technologies 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 Aeroclean Technologies' multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Aeroclean Technologies 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.

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Aeroclean Technologies Corporate Management

Elected by the shareholders, the Aeroclean Technologies' board of directors comprises two types of representatives: Aeroclean Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aeroclean. The board's role is to monitor Aeroclean Technologies' management team and ensure that shareholders' interests are well served. Aeroclean Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Aeroclean Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.
Amin Khoury - CoFounder ChairmanProfile
Ryan Tyler - Chief OfficerProfile
Rao Tella - Director OperationsProfile
Mark Krosney - CoFounder OfficerProfile
David MD - Chief CoFounderProfile
Jason DiBona - Chief OfficerProfile

Invested in Aeroclean Technologies LLC?

The danger of trading Aeroclean Technologies LLC 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 Aeroclean Technologies 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 Aeroclean Technologies. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Aeroclean Technologies 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.
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Is Aeroclean Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Aeroclean Technologies. If investors know Aeroclean will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Aeroclean Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
64 M
Quarterly Revenue Growth YOY
(0.78) 
Return On Assets
(0.53) 
Return On Equity
(0.22) 
The market value of Aeroclean Technologies is measured differently than its book value, which is the value of Aeroclean that is recorded on the company's balance sheet. Investors also form their own opinion of Aeroclean Technologies' value that differs from its market value or its book value, called intrinsic value, which is Aeroclean Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Aeroclean Technologies' market value can be influenced by many factors that don't directly affect Aeroclean Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Aeroclean Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine Aeroclean Technologies value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aeroclean Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.