Agiliti Correlations
AGTI Stock | USD 10.10 0.04 0.40% |
The correlation of Agiliti 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Agiliti moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Agiliti moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Significant diversification
The correlation between Agiliti and NYA is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Agiliti and NYA in the same portfolio, assuming nothing else is changed.
Agiliti |
The ability to find closely correlated positions to Agiliti could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Agiliti 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 Agiliti - 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 Agiliti to buy it.
Moving together with Agiliti Stock
0.63 | DXCM | DexCom Inc | PairCorr |
0.66 | VTAK | Catheter Precision Symbol Change | PairCorr |
0.64 | BSX | Boston Scientific Corp | PairCorr |
0.7 | EHC | Encompass Health Corp | PairCorr |
0.71 | SEM | Select Medical Holdings | PairCorr |
0.84 | HIMS | Hims Hers Health Earnings Call Tomorrow | PairCorr |
Moving against Agiliti Stock
0.84 | NARI | Inari MedicalInc | PairCorr |
0.79 | PEN | Penumbra Earnings Call This Week | PairCorr |
0.77 | INNV | InnovAge Holding Corp Earnings Call This Week | PairCorr |
0.68 | INMD | InMode Financial Report 7th of May 2024 | PairCorr |
0.66 | OM | Outset MedicalInc | PairCorr |
0.5 | MDT | Medtronic PLC Financial Report 23rd of May 2024 | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in Agiliti 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.Did you try this?
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Agiliti Corporate Management
Elected by the shareholders, the Agiliti's board of directors comprises two types of representatives: Agiliti inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Agiliti. The board's role is to monitor Agiliti's management team and ensure that shareholders' interests are well served. Agiliti's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Agiliti's outside directors are responsible for providing unbiased perspectives on the board's policies.
Joshua Nelson | Independent Director | Profile | |
Derrick Johnson | VP Operations | Profile | |
Matt Neale | Senior Officer | Profile | |
Heidi Drafall | Senior Quality | Profile | |
Thomas Boehning | President | Profile | |
David Anbari | Senior Vice President - Operations | Profile |
Already Invested in Agiliti?
The danger of trading Agiliti is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Agiliti is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Agiliti. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Agiliti is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Agiliti offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Agiliti's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Agiliti Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Agiliti Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Agiliti. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more detail on how to invest in Agiliti Stock please use our How to Invest in Agiliti guide.You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
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When running Agiliti's price analysis, check to measure Agiliti's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Agiliti is operating at the current time. Most of Agiliti's value examination focuses on studying past and present price action to predict the probability of Agiliti's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Agiliti's price. Additionally, you may evaluate how the addition of Agiliti to your portfolios can decrease your overall portfolio volatility.
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Is Agiliti's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Agiliti. If investors know Agiliti will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Agiliti listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.86) | Earnings Share (0.14) | Revenue Per Share 8.724 | Quarterly Revenue Growth 0.037 | Return On Assets 0.0177 |
The market value of Agiliti is measured differently than its book value, which is the value of Agiliti that is recorded on the company's balance sheet. Investors also form their own opinion of Agiliti's value that differs from its market value or its book value, called intrinsic value, which is Agiliti's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Agiliti's market value can be influenced by many factors that don't directly affect Agiliti's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Agiliti's value and its price as these two are different measures arrived at by different means. Investors typically determine if Agiliti is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Agiliti's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.