The correlation of ACORN INTERNATIONAL 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 ACORN INTERNATIONAL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ACORN INTERNATIONAL INC 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.
Check out Trending Equities.
The ability to find closely correlated positions to ACORN INTERNATIONAL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ACORN INTERNATIONAL 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 ACORN INTERNATIONAL - 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 ACORN INTERNATIONAL INC 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   
High negative correlations   

ACORN INTERNATIONAL Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between ACORN INTERNATIONAL stock performing well and ACORN INTERNATIONAL 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 ACORN INTERNATIONAL'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
AAP 1.87 (0.08)  0.00 (0.25)  0.00 (0.0341)  0.00  3.02 (4.66)  13.49 
ASO 3.11  0.41  0.06  0.03  3.88  0.05 (3.48)  8.82 (5.45)  22.10 
AZO 1.85  0.27  0.09  0.11  3.05  0.11 (1.72)  3.27 (3.97)  13.46 
BBBY 4.71 (1.78)  0.00 (1.29)  0.00 (0.30)  0.00  8.52 (9.94)  32.96 
BBW 3.21  0.23  0.00 (0.02)  0.00  0.0346  0.00  6.04 (5.81)  19.18 
BBY 2.31 (0.24)  0.00 (0.34)  0.00 (0.10)  0.00  4.31 (5.58)  14.91 
BGFV 2.99 (0.31)  0.00 (0.40)  0.00 (0.1)  0.00  4.88 (6.08)  18.67 
IBM 1.21  0.27  0.19  0.16  1.41  0.18 (1.24)  2.47 (2.47)  11.05 
ALNA 9.18  1.57  0.13  0.70  7.72  0.08 (18.09)  9.09 (15.38)  82.05 
GILD 1.07  0.21  0.21  0.19  1.22  0.20 (1.15)  2.28 (2.25)  5.88 

View Currently Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ACORN INTERNATIONAL stock to make a market-neutral strategy. Peer analysis of ACORN INTERNATIONAL could also be used in its relative valuation, which is a method of valuing ACORN INTERNATIONAL by comparing valuation metrics with similar companies.


ACORN INTERNATIONAL corporate directors refer to members of an ACORN INTERNATIONAL board of directors. The board of directors generally takes responsibility for the ACORN INTERNATIONAL's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of ACORN INTERNATIONAL's board members must vote for the resolution. The ACORN INTERNATIONAL board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Urs Zimmermann - Independent DirectorProfile
David Leung - DirectorProfile
Andrew Yan - DirectorProfile
Cosimo Borrelli - DirectorProfile


You need to understand the risk of investing before taking a position in ACORN INTERNATIONAL. The danger of trading ACORN INTERNATIONAL INC 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 ACORN INTERNATIONAL 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 ACORN INTERNATIONAL. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ACORN INTERNATIONAL INC 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 ACORN INTERNATIONAL INC information on this page should be used as a complementary analysis to other ACORN INTERNATIONAL'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 Piotroski F Score module to get Piotroski F Score based on binary analysis strategy of nine different fundamentals.

Other Tools for ACORN Stock

When running ACORN INTERNATIONAL INC price analysis, check to measure ACORN INTERNATIONAL'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 ACORN INTERNATIONAL is operating at the current time. Most of ACORN INTERNATIONAL's value examination focuses on studying past and present price action to predict the probability of ACORN INTERNATIONAL's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move ACORN INTERNATIONAL's price. Additionally, you may evaluate how the addition of ACORN INTERNATIONAL to your portfolios can decrease your overall portfolio volatility.
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