AptaBio Therapeutics Correlations

Stocks . Korea . 
Stock . AptaBio Therapeutics
293780 Stock   9,410  640.00  6.37%   
The current 90-days correlation between AptaBio Therapeutics and Helixmith Co is 0.21 (i.e., Modest diversification). The correlation of AptaBio Therapeutics 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.
  
The ability to find closely correlated positions to AptaBio Therapeutics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AptaBio Therapeutics 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 AptaBio Therapeutics - 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 AptaBio Therapeutics to buy it.

Moving together with AptaBio Stock

  0.8005935 Samsung ElectronicsPairCorr
  0.81005930 Samsung ElectronicsPairCorr
  0.64000660 SK Hynix Earnings Call This WeekPairCorr
  0.71005490 POSCO HoldingsPairCorr
  0.64011200 HMM CoPairCorr

Moving against AptaBio Stock

  0.59278650 KNOTUS CoLtdPairCorr
  0.59217330 CytogenPairCorr

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   
196170
+ 0.71
039200
084990
+ 0.54
298380
226950
+ 0.25
298380
196170
+ 0.2
298380
196170
+ 0.14
084990
039200
+ 0.07
298380
  
High negative correlations   
196170
- 0.48
226950
226950
- 0.32
084990
039200
- 0.16
084990
039200
- 0.13
226950

Risk-Adjusted Indicators

There is a big difference between AptaBio Stock performing well and AptaBio Therapeutics 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 AptaBio Therapeutics' 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in AptaBio Therapeutics 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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