AKA Brands Correlations

AKA
 Stock
  

USD 2.86  0.18  5.92%   

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

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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   
GEETSY
GETRV
ALNAETSY
MRKT
TRVETSY
GEALNA
  
High negative correlations   
TETSY
MRKETSY
TALNA
MRKALNA
GEMRK
GET

AKA Brands Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between AKA Brands stock performing well and AKA Brands 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 AKA Brands' 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
BABA 3.60  0.42  0.08  0.09  3.94  0.07 (4.40)  6.81 (6.67)  25.09 
ETSY 4.63 (0.25)  0.00 (0.27)  0.00 (0.1)  0.00  7.85 (8.70)  25.58 
ALNA 9.18  1.57  0.13  0.70  7.72  0.08 (18.09)  9.09 (15.38)  82.05 
VZ 1.04  0.10  0.11  0.02  1.68  0.12 (1.03)  2.30 (2.42)  7.94 
TRV 1.12 (0.08)  0.00 (0.33)  0.00 (0.0024)  0.00  1.69 (2.17)  6.41 
T 1.29  0.37  0.26  0.39  1.38  0.24 (1.47)  2.99 (2.47)  12.17 
MRK 1.05  0.29  0.34  0.42  0.95  0.28 (1.23)  2.16 (1.65)  7.61 
CVX 1.82 (0.03)  0.00 (0.21)  0.00 (0.0041)  0.00  3.06 (4.60)  10.25 
GE 1.73 (0.34)  0.00 (0.44)  0.00 (0.16)  0.00  2.88 (4.93)  13.22 
PG 1.22  0.03  0.00 (0.13)  0.00  0.0495  0.00  2.54 (2.30)  8.89 

Be your own money manager

Our tools can tell you how much better you can do entering a position in AKA Brands 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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AKA Brands Corporate Management

Elected by the shareholders, the AKA Brands' board of directors comprises two types of representatives: AKA Brands inside directors who are chosen from within the company, and outside directors, selected externally and held independent of AKA Brands. The board's role is to monitor AKA Brands' management team and ensure that shareholders' interests are well served. AKA Brands' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, AKA Brands' outside directors are responsible for providing unbiased perspectives on the board's policies.
Jonathan Harvey - Senior Vice President & Head of PeopleProfile
Matthew Hamilton - Independent Director NomineeProfile
Myles Mccormick - Independent Director NomineeProfile
Christopher Dean - Independent Chairman of the Board NomineeProfile
Kelly Thompson - Independent Director NomineeProfile
Wesley Bryett - Director NomineeProfile
John Gonneville - Vice President of Strategy and M&AProfile

Investing AKA Brands Holding

You need to understand the risk of investing before taking a position in AKA Brands. The danger of trading AKA Brands Holding 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 AKA Brands 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 AKA Brands. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile AKA Brands Holding 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 AKA Brands Holding information on this page should be used as a complementary analysis to other AKA Brands' 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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.

Complementary Tools for AKA Brands Stock analysis

When running AKA Brands Holding price analysis, check to measure AKA Brands' 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 AKA Brands is operating at the current time. Most of AKA Brands' value examination focuses on studying past and present price action to predict the probability of AKA Brands' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move AKA Brands' price. Additionally, you may evaluate how the addition of AKA Brands to your portfolios can decrease your overall portfolio volatility.
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Is AKA Brands' 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 AKA Brands. If investors know AKA Brands 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 AKA Brands listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.5
Market Capitalization
368 M
Quarterly Revenue Growth YOY
1.16
Return On Assets
0.0526
Return On Equity
-0.0209
The market value of AKA Brands Holding is measured differently than its book value, which is the value of AKA Brands that is recorded on the company's balance sheet. Investors also form their own opinion of AKA Brands' value that differs from its market value or its book value, called intrinsic value, which is AKA Brands' 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 AKA Brands' market value can be influenced by many factors that don't directly affect AKA Brands' 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 AKA Brands' value and its price as these two are different measures arrived at by different means. Investors typically determine AKA Brands value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AKA Brands' 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.