Akso Health Correlations
| AHG Stock | USD 1.43 0.07 5.15% |
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 -0.14 (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.
Moving together with Akso Stock
Moving against Akso Stock
| 0.69 | AGL | agilon health Buyout Trend | PairCorr |
| 0.51 | MOH | Molina Healthcare | PairCorr |
| 0.33 | CVS | CVS Health Corp Aggressive Push | PairCorr |
| 0.62 | ALHC | Alignment Healthcare LLC | PairCorr |
Related Correlations Analysis
| 0.35 | -0.6 | 0.88 | -0.9 | HSIC | ||
| 0.35 | -0.28 | 0.21 | -0.24 | OMI | ||
| -0.6 | -0.28 | -0.67 | 0.78 | CAH | ||
| 0.88 | 0.21 | -0.67 | -0.87 | ZYXI | ||
| -0.9 | -0.24 | 0.78 | -0.87 | MCK | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HSIC | 1.51 | (0.19) | 0.00 | (0.41) | 0.00 | 2.23 | 9.45 | |||
| OMI | 3.95 | (0.53) | 0.00 | (0.69) | 0.00 | 7.75 | 45.26 | |||
| CAH | 1.05 | 0.40 | 0.28 | 0.47 | 1.24 | 2.28 | 7.58 | |||
| ZYXI | 4.63 | (1.34) | 0.00 | (0.97) | 0.00 | 11.37 | 55.55 | |||
| MCK | 1.00 | 0.32 | 0.25 | 0.79 | 1.34 | 2.94 | 8.24 |
Akso Health Corporate Management
| Rui Zhang | Chief Officer | Profile | |
| Yilin Wang | CEO Board | Profile | |
| Ma Xiaoqin | Corporate Secretary | Profile | |
| Daisy Wang | Investor Contact | Profile |