Acutus Medical Correlations

AFIB -  USA Stock  

USD 0.54  0.01  1.82%

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

Acutus Medical Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Acutus Medical stock performing well and Acutus Medical 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 Acutus Medical'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.
At Risk
BAC 1.41 (0.28)  0.00 (0.43)  0.00 (0.16)  0.00  2.33 (3.85)  6.21 
JPM 1.41 (0.21)  0.00 (0.36)  0.00 (0.13)  0.00  1.73 (2.98)  6.33 
XOM 2.21 (0.22)  0.00 (0.37)  0.00 (0.08)  0.00  4.58 (4.59)  10.35 
AXP 2.13 (0.23)  0.00 (0.33)  0.00 (0.12)  0.00  3.14 (5.26)  9.10 
HD 1.39  0.02  0.00 (0.16)  0.00  0.021  0.00  2.92 (2.24)  6.69 
INTC 1.72 (0.28)  0.00 (0.39)  0.00 (0.15)  0.00  2.46 (3.60)  8.32 
KO 0.94  0.05  0.00 (0.08)  0.00  0.11  0.00  1.84 (2.01)  4.58 
MCD 0.89  0.23  0.25  0.22  0.91  0.25 (0.95)  2.22 (1.55)  4.71 
MRK 1.09  0.04  0.00 (0.10)  0.00  0.08  0.00  3.19 (1.65)  3.36 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Acutus Medical without increasing your portfolio risk or giving up 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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Investing Acutus Medical

You need to understand the risk of investing before taking a position in Acutus Medical. The danger of trading Acutus Medical 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 Acutus Medical 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 Acutus Medical. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Acutus Medical 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.
Please continue to Trending Equities. Note that the Acutus Medical information on this page should be used as a complementary analysis to other Acutus Medical'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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

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When running Acutus Medical price analysis, check to measure Acutus Medical'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 Acutus Medical is operating at the current time. Most of Acutus Medical's value examination focuses on studying past and present price action to predict the probability of Acutus Medical's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Acutus Medical's price. Additionally, you may evaluate how the addition of Acutus Medical to your portfolios can decrease your overall portfolio volatility.
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Is Acutus Medical's 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 Acutus Medical. If investors know Acutus 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 Acutus Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
16.4 M
Quarterly Revenue Growth YOY
Return On Assets
Return On Equity
The market value of Acutus Medical is measured differently than its book value, which is the value of Acutus that is recorded on the company's balance sheet. Investors also form their own opinion of Acutus Medical's value that differs from its market value or its book value, called intrinsic value, which is Acutus Medical's 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 Acutus Medical's market value can be influenced by many factors that don't directly affect Acutus Medical's 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 Acutus Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine Acutus Medical value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Acutus Medical's 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.