Alphawave Correlations
| AWEVF Stock | USD 2.35 0.02 0.84% |
The current 90-days correlation between Alphawave IP Group and Getty Images Holdings is -0.12 (i.e., Good diversification). The correlation of Alphawave 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.
Alphawave Correlation With Market
Significant diversification
The correlation between Alphawave IP Group and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alphawave IP Group and DJI in the same portfolio, assuming nothing else is changed.
Alphawave |
The ability to find closely correlated positions to Alphawave could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alphawave 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 Alphawave - 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 Alphawave IP Group to buy it.
Moving together with Alphawave Pink Sheet
| 0.84 | NVDA | NVIDIA Aggressive Push | PairCorr |
| 0.79 | AVGO | Broadcom | PairCorr |
| 0.88 | TSM | Taiwan Semiconductor Aggressive Push | PairCorr |
| 0.86 | AMD | Advanced Micro Devices | PairCorr |
| 0.89 | TXN | Texas Instruments | PairCorr |
| 0.82 | ARM | Arm Holdings plc | PairCorr |
| 0.79 | QCOM | Qualcomm Incorporated | PairCorr |
| 0.92 | MU | Micron Technology | PairCorr |
| 0.78 | ADI | Analog Devices | PairCorr |
| 0.86 | CICHF | China Construction Bank | PairCorr |
| 0.68 | KKR-P-D | KKR P D | PairCorr |
| 0.61 | BLMN | Bloomin Brands Upward Rally | PairCorr |
| 0.91 | ORCL | Oracle Aggressive Push | PairCorr |
| 0.78 | WOK | WORK Medical Technology | PairCorr |
| 0.64 | 505742AM8 | Ladder Capital Finance | PairCorr |
| 0.77 | GOOGL | Alphabet Class A Aggressive Push | PairCorr |
| 0.78 | SPHR | Sphere Entertainment | PairCorr |
| 0.89 | BW-PA | Babcock Wilcox Enter | PairCorr |
| 0.77 | NAVI | Navient Corp | PairCorr |
| 0.86 | LAES | SEALSQ Corp Aggressive Push | PairCorr |
| 0.86 | EAF | GrafTech International | PairCorr |
| 0.64 | AI | C3 Ai Inc | PairCorr |
Moving against Alphawave Pink Sheet
| 0.39 | PBMRF | PT Bumi Resources | PairCorr |
| 0.81 | 23338VAD8 | DTE ELEC 43 | PairCorr |
| 0.57 | CSLR | Complete Solaria, Common Symbol Change | PairCorr |
| 0.4 | 38143CEZ0 | US38143CEZ05 | PairCorr |
Related Correlations Analysis
| 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 Alphawave Pink Sheet performing well and Alphawave 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 Alphawave'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GETY | 3.52 | (0.18) | 0.00 | (0.03) | 0.00 | 6.91 | 23.43 | |||
| QTWO | 2.04 | 0.23 | 0.06 | (4.08) | 2.33 | 3.71 | 16.67 | |||
| NRRWF | 1.85 | 0.14 | 0.01 | 0.50 | 3.16 | 10.74 | 34.11 | |||
| ASUR | 1.92 | 0.00 | 0.00 | 0.08 | 2.26 | 3.59 | 11.91 | |||
| KUKE | 2.56 | 0.14 | 0.02 | 2.15 | 2.96 | 7.38 | 29.89 | |||
| KVHI | 1.32 | 0.06 | (0.03) | (0.05) | 1.70 | 4.32 | 9.24 | |||
| MOD | 2.78 | 0.15 | 0.05 | 0.16 | 4.46 | 6.57 | 28.01 | |||
| CDW | 1.77 | 0.08 | 0.04 | 0.14 | 2.38 | 3.49 | 17.23 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Alphawave 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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Alphawave Corporate Management
| Tony Pialis | CEO Pres | Profile | |
| Rajeevan Mahadevan | VP COO | Profile | |
| Sehat Sutardja | Ex Director | Profile | |
| Tony Carusone | Chief Officer | Profile | |
| Jonathan Rogers | VP Engineering | Profile | |
| John Holt | Ex Chairman | Profile | |
| Daniel Aharoni | Chief Officer | Profile |