Aquarius Engines Correlations

AQUA Stock

ILA 105.10 1.90 1.84%

The current 90-days correlation between Aquarius Engines and Analyst IMS Investment is 0.1 (i.e., Average diversification). The correlation of Aquarius Engines 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.

Aquarius Engines Correlation With Market

Significant diversification

The correlation between Aquarius Engines AM and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aquarius Engines AM and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Aquarius Stock

0.64

HICN

Highcon Systems

Pair Corr

Moving against Aquarius Stock

0.75	INBR	Inbar Group Finance	Pair Corr
0.68	LUMI	Bank Leumi Le	Pair Corr
0.68	ELAL	El Al Israel	Pair Corr
0.67	LSCO	Lesico	Pair Corr
0.65	ESLT	Elbit Systems	Pair Corr
0.65	RATI	Ratio Oil Explorations	Pair Corr
0.65	TSEM	Tower Semiconductor	Pair Corr
0.64	AUGN	Augwind Energy Tech	Pair Corr
0.64	AZRG	Azrieli Group	Pair Corr
0.64	DSCT	Israel Discount Bank	Pair Corr
0.63	MZTF	Mizrahi Tefahot	Pair Corr
0.59	MISH	Mivtach Shamir	Pair Corr
0.57	GOLD	Gold Bond	Pair Corr
0.53	ORA	Ormat Technologies	Pair Corr

Related Correlations Analysis

	ANLT	GODM	RMN	AZRM	BYAR	AMOT	HARL
ANLT		-0.79	0.91	0.88	-0.05	0.94	0.92	ANLT
GODM	-0.79		-0.76	-0.68	0.14	-0.78	-0.77	GODM
RMN	0.91	-0.76		0.89	0.04	0.93	0.91	RMN
AZRM	0.88	-0.68	0.89		0.02	0.95	0.94	AZRM
BYAR	-0.05	0.14	0.04	0.02		0.01	-0.03	BYAR
AMOT	0.94	-0.78	0.93	0.95	0.01		0.96	AMOT
HARL	0.92	-0.77	0.91	0.94	-0.03	0.96		HARL
	ANLT	GODM	RMN	AZRM	BYAR	AMOT	HARL

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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

HARL	+ 0.96	AMOT
AMOT	+ 0.95	AZRM
AMOT	+ 0.94	ANLT
HARL	+ 0.94	AZRM
AMOT	+ 0.93	RMN
HARL	+ 0.92	ANLT

High negative correlations

GODM	- 0.79	ANLT
AMOT	- 0.78	GODM
HARL	- 0.77	GODM
RMN	- 0.76	GODM
AZRM	- 0.68	GODM
BYAR	- 0.05	ANLT

Risk-Adjusted Indicators

There is a big difference between Aquarius Stock performing well and Aquarius Engines 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 Aquarius Engines' 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
ANLT	1.05	0.33	0.14	(0.99)	0.79	(1.29)	2.29	(1.64)	8.45
GODM	3.20	(0.11)	0.00	0.23	0.00	0.00	6.32	(5.94)	20.07
RMN	1.46	0.25	0.06	(4.42)	1.50	(1.66)	3.23	(2.95)	9.04
AZRM	1.80	0.12	0.02	0.50	2.02	(2.02)	4.33	(3.56)	11.03
BYAR	2.76	0.12	(0.01)	(0.15)	7.02	(3.33)	5.96	(4.07)	61.93
AMOT	1.41	0.35	0.13	42.25	1.37	(1.57)	3.72	(2.99)	8.58
HARL	1.64	0.36	0.10	4.11	2.01	(1.74)	3.45	(2.74)	13.90

Be your own money manager

Our tools can tell you how much better you can do entering a position in Aquarius Engines 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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