AOTI Correlations

AOTI Stock

90.00 0.00 0.00%

The current 90-days correlation between AOTI Inc and Odyssean Investment Trust is 0.01 (i.e., Significant diversification). The correlation of AOTI 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. If the correlation is 0, the equities are not correlated; they are entirely random.

AOTI Correlation With Market

Average diversification

The correlation between AOTI Inc and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AOTI Inc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with AOTI Stock

0.76	SUN	Surgical Innovations	Pair Corr
0.65	SMSD	Samsung Electronics	Pair Corr
0.67	KAP	National Atomic	Pair Corr
0.72	0H3Q	Deutsche Post AG	Pair Corr
0.81	0IKZ	Freddie Mac	Pair Corr
0.77	HSX	Hiscox	Pair Corr
0.74	0QP1	Chocoladefabriken Lindt Earnings Call This Week	Pair Corr
0.84	CMCL	Caledonia Mining	Pair Corr
0.62	EEE	Empire Metals Limited	Pair Corr
0.67	KAP	JSC National Atomic	Pair Corr
0.66	0I9F	Digital Realty Trust Earnings Call This Week	Pair Corr
0.76	0QVF	FinecoBank SpA	Pair Corr
0.74	BIRG	Bank of Ireland	Pair Corr
0.63	0O2B	Gruppo MutuiOnline SpA	Pair Corr
0.82	ANG	Angling Direct PLC	Pair Corr
0.66	0RP8	Liechtensteinische	Pair Corr

Moving against AOTI Stock

0.68	MHC	MyHealthChecked Plc	Pair Corr
0.61	0A0C	Stadler Rail AG	Pair Corr
0.52	0R15	SoftBank Group Corp	Pair Corr
0.5	GSC	GS Chain PLC	Pair Corr
0.46	MET1	Metals One PLC	Pair Corr
0.44	TYT	Toyota Motor Corp	Pair Corr

Related Correlations Analysis

	AYM	OIT	0RQ9	GFM	ADIG	0QYM	RSG	JFJ
AYM		-0.8	-0.83	-0.1	-0.46	-0.58	-0.78	-0.82	AYM
OIT	-0.8		0.93	0.21	0.64	0.71	0.82	0.91	OIT
0RQ9	-0.83	0.93		0.2	0.53	0.67	0.76	0.93	0RQ9
GFM	-0.1	0.21	0.2		0.52	0.22	0.23	0.18	GFM
ADIG	-0.46	0.64	0.53	0.52		0.59	0.73	0.56	ADIG
0QYM	-0.58	0.71	0.67	0.22	0.59		0.77	0.78	0QYM
RSG	-0.78	0.82	0.76	0.23	0.73	0.77		0.83	RSG
JFJ	-0.82	0.91	0.93	0.18	0.56	0.78	0.83		JFJ
	AYM	OIT	0RQ9	GFM	ADIG	0QYM	RSG	JFJ

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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

0RQ9	+ 0.93	OIT
JFJ	+ 0.93	0RQ9
JFJ	+ 0.91	OIT
JFJ	+ 0.83	RSG
RSG	+ 0.82	OIT
JFJ	+ 0.78	0QYM

High negative correlations

0RQ9	- 0.83	AYM
JFJ	- 0.82	AYM
OIT	- 0.8	AYM
RSG	- 0.78	AYM
0QYM	- 0.58	AYM
ADIG	- 0.46	AYM

Risk-Adjusted Indicators

There is a big difference between AOTI Stock performing well and AOTI 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 AOTI'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
AYM	0.28	(0.12)	0.00	(3.81)	0.00	0.00	0.00	0.00	5.88
OIT	1.19	0.34	0.16	9.11	0.85	(1.57)	3.90	(1.77)	8.68
0RQ9	1.83	0.34	0.18	0.63	1.34	(2.31)	6.16	(2.42)	11.69
GFM	1.72	0.17	0.01	(1.37)	2.25	(1.89)	3.23	(3.67)	11.91
ADIG	0.59	0.13	0.01	1.86	0.53	(0.82)	1.78	(1.32)	4.47
0QYM	3.24	0.15	0.03	0.28	4.36	(3.43)	9.71	(8.10)	20.58
RSG	2.69	0.68	0.13	(0.71)	2.79	(3.16)	7.17	(4.31)	23.91
JFJ	0.66	0.18	0.11	1.24	0.35	(0.83)	1.60	(1.27)	3.73

Be your own money manager

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