Astro Communications Correlations

ASTO Stock

USD 2.01 0.32 18.93%

The current 90-days correlation between Astro Communications and Eguana Technologies is 0.11 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Astro Communications moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Astro Communications moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Astro Communications Correlation With Market

Modest diversification

The correlation between Astro Communications and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Astro Communications and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Astro Pink Sheet

0.73	KB	KB Financial Group	Pair Corr
0.75	SHG	Shinhan Financial	Pair Corr
0.76	WF	Woori Financial Group	Pair Corr
0.64	JLHL	Julong Holding	Pair Corr
0.63	DUK-PA	Duke Energy	Pair Corr
0.68	OPESF	Otello ASA Earnings Call Today	Pair Corr
0.71	PRTS	CarPartsCom	Pair Corr
0.89	TOPCF	Topcon	Pair Corr
0.63	SHIP	Seanergy Maritime	Pair Corr

Moving against Astro Pink Sheet

0.47	PBCRY	Bank Central Asia	Pair Corr
0.44	PBCRF	PT Bank Central	Pair Corr

Related Correlations Analysis

	EGTYF	AFDG	PRAC	QWTR	QIND	ROBXF	AIPG	SENR	ATVK	GRDAF
EGTYF		-0.01	-0.26	0.19	0.46	0.0	0.06	0.31	0.4	-0.42	EGTYF
AFDG	-0.01		-0.23	-0.22	-0.08	0.0	0.31	0.06	-0.12	-0.16	AFDG
PRAC	-0.26	-0.23		-0.09	-0.25	0.0	-0.31	-0.46	0.24	0.48	PRAC
QWTR	0.19	-0.22	-0.09		0.47	0.0	-0.02	0.04	0.38	0.22	QWTR
QIND	0.46	-0.08	-0.25	0.47		0.0	0.13	0.26	0.72	-0.23	QIND
ROBXF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	ROBXF
AIPG	0.06	0.31	-0.31	-0.02	0.13	0.0		0.26	-0.1	-0.19	AIPG
SENR	0.31	0.06	-0.46	0.04	0.26	0.0	0.26		-0.04	-0.44	SENR
ATVK	0.4	-0.12	0.24	0.38	0.72	0.0	-0.1	-0.04		-0.06	ATVK
GRDAF	-0.42	-0.16	0.48	0.22	-0.23	0.0	-0.19	-0.44	-0.06		GRDAF
	EGTYF	AFDG	PRAC	QWTR	QIND	ROBXF	AIPG	SENR	ATVK	GRDAF

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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

ATVK	+ 0.72	QIND
GRDAF	+ 0.48	PRAC
QIND	+ 0.47	QWTR
QIND	+ 0.46	EGTYF
ATVK	+ 0.4	EGTYF
ATVK	+ 0.38	QWTR

High negative correlations

SENR	- 0.46	PRAC
GRDAF	- 0.44	SENR
GRDAF	- 0.42	EGTYF
AIPG	- 0.31	PRAC
PRAC	- 0.26	EGTYF
QIND	- 0.25	PRAC

Risk-Adjusted Indicators

There is a big difference between Astro Pink Sheet performing well and Astro Communications 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 Astro Communications' 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
EGTYF	6.70	0.70	0.04	(0.20)	8.08	(12.21)	20.27	(13.84)	94.55
AFDG	8.10	0.27	0.02	0.14	9.95	(16.12)	20.59	(18.00)	119.29
PRAC	2.24	1.02	0.00	0.45	0.00	0.00	0.00	0.00	75.00
QWTR	4.46	0.55	0.02	(0.44)	7.24	(25.03)	8.82	(11.43)	102.90
QIND	6.55	(0.73)	0.00	(0.39)	0.00	0.00	20.00	(14.73)	61.90
ROBXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AIPG	1.32	(0.66)	0.00	1.03	0.00	0.00	0.00	0.00	44.10
SENR	7.01	0.28	0.02	0.11	9.59	(29.39)	33.33	(25.00)	65.00
ATVK	13.65	1.18	0.06	0.24	17.45	(15.83)	35.51	(31.44)	125.40
GRDAF	6.26	1.09	0.11	(0.71)	6.68	(8.93)	16.56	(12.50)	66.13

Be your own money manager

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