Actelis Networks Correlations

ASNS Stock  USD 0.53  0.04  7.02%   
The current 90-days correlation between Actelis Networks and Amplitech Group is -0.02 (i.e., Good diversification). The correlation of Actelis Networks 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.

Actelis Networks Correlation With Market

Modest diversification

The correlation between Actelis Networks and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Actelis Networks and DJI in the same portfolio, assuming nothing else is changed.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Actelis Networks. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For more information on how to buy Actelis Stock please use our How to Invest in Actelis Networks guide.

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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   
MOBMINM
GDCMOB
GDCFEIM
MOBFEIM
GDCOCC
FEIMMINM
  
High negative correlations   
ADILMOB
ADILFEIM
GDCADIL
ADILMINM
ADILOCC
ADILAMPG

Risk-Adjusted Indicators

There is a big difference between Actelis Stock performing well and Actelis Networks 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 Actelis Networks' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MINM  10.11  4.12  0.46 (1.66) 5.60 
 22.85 
 164.04 
FEIM  3.28  0.31  0.07  0.50  3.87 
 7.37 
 27.35 
AMPG  4.68  1.08  0.31  0.66  3.45 
 10.92 
 31.79 
OCC  4.10  1.14  0.25  1.10  3.36 
 13.19 
 37.52 
MOB  6.32  1.92  0.30  11.08  5.30 
 18.58 
 40.75 
ADIL  6.75 (0.22)(0.01) 0.03  9.76 
 10.81 
 115.66 
YECO  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
SMFL  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
GDC  5.16  0.33  0.07  0.28  6.12 
 12.08 
 39.43 

Actelis Networks Corporate Management

Hemi KabirVice OperationsProfile
Yoav EfronChief OfficerProfile
Elad DomanovitzChief OfficerProfile
Bret HarrisonSenior AmericasProfile
Michal WinklerSolomonVice MarketingProfile
Brett HarrisonSenior AmericasProfile