Aspira Womans Correlations


USD 0.94  0.04  4.08%   

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

Moving together with Aspira Womans

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Moving against Aspira Womans

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0.79GMNIGemini Group GlobalPairCorr
0.65CNTGCentogene NVPairCorr

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   

Aspira Womans Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Aspira Womans stock performing well and Aspira Womans 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 Aspira Womans' 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
A 1.93  0.17  0.07  0.12  2.26  0.07 (2.10)  4.22 (3.29)  9.78 
AKU 3.45 (0.44)  0.00 (0.36)  0.00 (0.09)  0.00  9.80 (7.55)  21.74 
ANIX 4.02  0.40  0.07  0.26  5.36  0.07 (4.06)  8.13 (9.09)  25.80 
SBUX 1.89  0.28  0.11  0.17  2.13  0.1 (1.92)  4.12 (4.21)  14.93 
NFLX 3.06  0.28  0.07  0.13  3.57  0.07 (3.32)  7.35 (6.35)  14.89 
FWRD 1.70  0.15  0.06  0.10  2.41  0.06 (1.69)  4.23 (3.39)  13.23 
MTOR 0.13  0.02  0.19  0.69  0.00  0.18 (0.16)  0.42 (0.25)  0.83 
AMTD 11.60  3.65  0.44 (1.67)  6.42  0.11 (19.19)  18.18 (11.30)  267.74 
LEA 2.40  0.16  0.05  0.09  3.09  0.05 (2.35)  5.12 (4.90)  14.13 
MGAM 27,404,059  15,985,695  0.00  168,270  0.00  0.38  0.00  111,899,900 (33.51)  111,899,934 

Similar Equity Warning - AWH

Aspira Womans Health was forked

The entity Aspira Womans Health with a symbol AWH was recently forked. You can potentially use ALLIED WORLD ASSURANCE with a symbol AWHHF from now on.

Aspira Womans Corporate Directors

Aspira Womans corporate directors refer to members of an Aspira Womans board of directors. The board of directors generally takes responsibility for the Aspira Womans' 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 Aspira Womans' board members must vote for the resolution. The Aspira Womans board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Eric Schwartz - Independent DirectorProfile
James Duffy - Independent DirectorProfile
Patrick SaintAignan - Independent DirectorProfile
Samuel Weinhoff - Independent DirectorProfile

Invested in Aspira Womans Health?

You need to understand the risk of investing before taking a position in Aspira Womans. The danger of trading Aspira Womans Health 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 Aspira Womans 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 Aspira Womans. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Aspira Womans Health 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 Aspira Womans Health information on this page should be used as a complementary analysis to other Aspira Womans' 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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

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