Aumann AG Correlations

AUUMF Stock

USD 13.00 0.00 0.00%

The correlation of Aumann AG 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.

Aumann AG Correlation With Market

Average diversification

The correlation between Aumann AG and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aumann AG and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Aumann Pink Sheet

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0.73	TPDDF	Talon Energy	Pair Corr
0.7	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.72	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Moving against Aumann Pink Sheet

0.75	VRT	Vertiv Holdings	Pair Corr
0.73	ETN	Eaton PLC	Pair Corr
0.63	ITW	Illinois Tool Works	Pair Corr
0.62	PH	Parker Hannifin	Pair Corr
0.62	ATLPF	Atlas Copco AB	Pair Corr
0.56	EMR	Emerson Electric	Pair Corr
0.46	SMAWF	Siemens AG Class	Pair Corr
0.38	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.34	PDYN	Palladyne AI Corp Symbol Change	Pair Corr
0.8	T	ATT Inc Aggressive Push	Pair Corr
0.73	NVDA	NVIDIA	Pair Corr
0.73	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.71	HD	Home Depot Sell-off Trend	Pair Corr
0.66	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.65	WMT	Walmart Aggressive Push	Pair Corr
0.65	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.59	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.58	IONQ	IONQ Inc	Pair Corr
0.56	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.52	NDAQ	Nasdaq Inc	Pair Corr
0.5	DIS	Walt Disney Aggressive Push	Pair Corr
0.42	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.42	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	ALFVF	ASPW	ATLFF	AACS	AMROF
ALFVF		0.0	0.53	0.0	0.39	ALFVF
ASPW	0.0		0.0	1.0	0.0	ASPW
ATLFF	0.53	0.0		0.0	0.26	ATLFF
AACS	0.0	1.0	0.0		0.0	AACS
AMROF	0.39	0.0	0.26	0.0		AMROF
	ALFVF	ASPW	ATLFF	AACS	AMROF

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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

AACS	+ 1.0	ASPW
ATLFF	+ 0.53	ALFVF
AMROF	+ 0.39	ALFVF
AMROF	+ 0.26	ATLFF
ASPW	+ 0.0	ALFVF
AACS	+ 0.0	ALFVF

High negative correlations

AMROF	- 0.0	AACS
AACS	- 0.0	ATLFF
AMROF	- 0.0	ASPW
ATLFF	- 0.0	ASPW
AACS	- 0.0	ALFVF
ASPW	- 0.0	ALFVF

Risk-Adjusted Indicators

There is a big difference between Aumann Pink Sheet performing well and Aumann AG 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 Aumann AG'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.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Maximum Drawdown
ALFVF	0.16	0.05	0.45	0.00	5.20
ASPW	0.00	0.00	0.00	0.00	0.00
ATLFF	0.50	0.24	(1.07)	0.83	9.76
AACS	0.00	0.00	0.00	0.00	0.00
AMROF	0.24	0.00	0.07	0.00	7.85

Be your own money manager

Our tools can tell you how much better you can do entering a position in Aumann AG 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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