Akso Health Correlations

Stocks . USA . 
Stock . Akso Health Group
AHG Stock  USD 0.78  0.02  2.50%   
The current 90-days correlation between Akso Health Group and Profound Medical Corp is -0.09 (i.e., Good diversification). The correlation of Akso Health 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.

Akso Health Correlation With Market

Good diversification

The correlation between Akso Health Group and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Akso Health Group and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Akso Health Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving against Akso Stock

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  0.52GH Guardant HealthPairCorr
  0.48EW Edwards Lifesciences CorpPairCorr
  0.48ELMD ElectromedPairCorr
  0.38DOCS DoximityPairCorr
  0.37OM Outset MedicalPairCorr
  0.72OFIX Orthofix MedicalPairCorr
  0.67LNSR LENSAR IncPairCorr
  0.6SYK StrykerPairCorr
  0.59ABT Abbott Laboratories Sell-off TrendPairCorr
  0.53WGS GeneDx Holdings CorpPairCorr
  0.49MMSI Merit Medical SystemsPairCorr
  0.48ENOV Enovis CorpPairCorr
  0.47BSX Boston Scientific Corp Sell-off TrendPairCorr
  0.44PODD InsuletPairCorr
  0.39NPCE NeuropacePairCorr
  0.38FNA Paragon 28PairCorr
  0.38ZBH Zimmer Biomet HoldingsPairCorr
  0.74DCTH Delcath SystemsPairCorr
  0.66CVRX CVRx Inc Fiscal Year End 23rd of January 2025 PairCorr
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  0.52CTKB Cytek BiosciencesPairCorr
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Related Correlations Analysis

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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   
NPCE
+ 0.93
FNA
OFIX
+ 0.77
FNA
NPCE
+ 0.77
OFIX
KIDS
+ 0.75
SIBN
NVRO
+ 0.72
SIBN
KIDS
+ 0.68
NVRO
  
High negative correlations   
BVS
- 0.6
PROF
BVS
- 0.57
SIBN
BVS
- 0.45
FNA
BVS
- 0.44
KIDS
NPCE
- 0.42
NVRO
FNA
- 0.36
NVRO

Risk-Adjusted Indicators

There is a big difference between Akso Stock performing well and Akso Health 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 Akso Health's 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.

Akso Health Corporate Management

Rui ZhangChief OfficerProfile
Yilin WangCEO BoardProfile
Ma XiaoqinCorporate SecretaryProfile
Daisy WangInvestor ContactProfile
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