American Aires Correlations

AAIRF Stock

USD 0.14 0.01 7.69%

The correlation of American Aires is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

American Aires Correlation With Market

Good diversification

The correlation between American Aires and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Aires and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to American Aires could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Aires 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 American Aires - 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 American Aires to buy it.

Moving together with American Pink Sheet

0.84

MRAAY

Murata Manufacturing

Pair Corr

Moving against American Pink Sheet

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0.86	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.84	NFLX	Netflix Fiscal Year End 28th of January 2025	Pair Corr
0.83	APH	Amphenol Fiscal Year End 22nd of January 2025	Pair Corr
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0.57	TEL	TE Connectivity Sell-off Trend	Pair Corr
0.57	MMSI	Merit Medical Systems	Pair Corr
0.4	HNHPF	Hon Hai Precision	Pair Corr
0.38	PCGU	PGE Corp	Pair Corr
0.9	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.88	MSTR	MicroStrategy Incorporated Sell-off Trend	Pair Corr
0.87	IONQ	IONQ Inc Upward Rally	Pair Corr
0.85	OPRA	Opera	Pair Corr
0.83	AVTE	Aerovate Therapeutics	Pair Corr
0.82	FUND	Sprott Focus Trust	Pair Corr
0.82	CRS	Carpenter Technology	Pair Corr
0.81	ET	Energy Transfer LP	Pair Corr
0.79	BFLY	Butterfly Network	Pair Corr
0.77	LUNR	Intuitive Machines Buyout Trend	Pair Corr
0.73	GLBE	Global E Online	Pair Corr
0.71	APLD	Applied Blockchain Upward Rally	Pair Corr
0.71	RUM	Rumble Inc	Pair Corr
0.61	SOUN	SoundHound AI Trending	Pair Corr
0.6	INMD	InMode	Pair Corr
0.35	SDIG	Stronghold Digital Mining	Pair Corr
0.34	ICAD	icad inc	Pair Corr

Related Correlations Analysis

	ALPE	APELY	BMNR	AMOT	ASAAF	AUOTY	BHE	BELFA	MEI	VIAO
ALPE		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ALPE
APELY	0.0		0.58	-0.52	-0.22	0.66	-0.38	0.0	0.35	0.8	APELY
BMNR	0.0	0.58		-0.09	-0.53	0.74	-0.05	-0.44	0.45	0.59	BMNR
AMOT	0.0	-0.52	-0.09		-0.4	-0.36	0.77	-0.38	0.03	-0.6	AMOT
ASAAF	0.0	-0.22	-0.53	-0.4		-0.1	-0.38	0.54	-0.17	-0.33	ASAAF
AUOTY	0.0	0.66	0.74	-0.36	-0.1		-0.35	-0.15	0.67	0.58	AUOTY
BHE	0.0	-0.38	-0.05	0.77	-0.38	-0.35		-0.1	0.13	-0.58	BHE
BELFA	0.0	0.0	-0.44	-0.38	0.54	-0.15	-0.1		0.16	-0.17	BELFA
MEI	0.0	0.35	0.45	0.03	-0.17	0.67	0.13	0.16		0.16	MEI
VIAO	0.0	0.8	0.59	-0.6	-0.33	0.58	-0.58	-0.17	0.16		VIAO
	ALPE	APELY	BMNR	AMOT	ASAAF	AUOTY	BHE	BELFA	MEI	VIAO

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Correlation Matchups

Over a given time period, the two securities move together 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

VIAO	+ 0.8	APELY
BHE	+ 0.77	AMOT
AUOTY	+ 0.74	BMNR
MEI	+ 0.67	AUOTY
AUOTY	+ 0.66	APELY
VIAO	+ 0.59	BMNR

High negative correlations

VIAO	- 0.6	AMOT
VIAO	- 0.58	BHE
ASAAF	- 0.53	BMNR
AMOT	- 0.52	APELY
BELFA	- 0.44	BMNR
ASAAF	- 0.4	AMOT

Risk-Adjusted Indicators

There is a big difference between American Pink Sheet performing well and American Aires Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze American Aires' multiple risk-adjusted performance indicators across the competitive landscape. 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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ALPE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
APELY	1.01	(0.04)	0.00	(0.41)	0.00	0.00	3.12	(2.93)	7.93
BMNR	11.50	2.26	0.07	(0.59)	14.52	(25.73)	46.15	(26.67)	94.95
AMOT	1.53	0.13	0.03	2.42	2.13	(1.55)	3.59	(3.35)	9.59
ASAAF	0.34	0.03	0.00	0.39	0.00	0.00	0.00	0.00	19.35
AUOTY	1.58	(0.02)	(0.04)	(0.03)	1.85	(1.80)	4.47	(3.30)	7.20
BHE	1.50	0.07	0.09	0.11	1.49	(1.83)	3.05	(2.79)	13.28
BELFA	1.40	0.10	0.08	0.15	1.34	(1.79)	3.09	(2.36)	17.70
MEI	3.01	0.18	0.09	0.14	3.24	(3.61)	7.72	(5.30)	29.96
VIAO	20.35	3.12	0.10	(1.25)	19.78	(44.92)	66.67	(46.43)	232.14

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Our tools can tell you how much better you can do entering a position in American Aires 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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American Aires Corporate Management

Christoffer Guajala	Chief Officer	Profile
Dimitry Serov	CEO, Founder	Profile
Josh Bruni	Chief Officer	Profile
Robert BA	Chief Officer	Profile

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