ABN AMRO Correlations

AB2 Stock

30.48 0.48 1.55%

The current 90-days correlation between ABN AMRO Bank and DATANG INTL POW is 0.17 (i.e., Average diversification). The correlation of ABN AMRO 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.

ABN AMRO Correlation With Market

Significant diversification

The correlation between ABN AMRO Bank and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ABN AMRO Bank and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with ABN Stock

0.65	LYV	Lundin Energy AB	Pair Corr
0.78	HHX	HAMMONIA Schiffsholding	Pair Corr
0.86	OS3	Otello ASA	Pair Corr
0.92	COZ	Cognizant Technology	Pair Corr
0.62	RGN	Repligen	Pair Corr
0.78	2UK	OSB GROUP PLC	Pair Corr
0.74	5IS	Information Services	Pair Corr
0.85	S92	SMA SOLAR TECH	Pair Corr
0.82	WAC	Wacker Neuson SE	Pair Corr
0.89	8ZI	Scandinavian Tobacco	Pair Corr
0.87	LFL0	LATAM Airlines Group	Pair Corr
0.82	1ZG	Zegona Communications plc	Pair Corr
0.81	4GE	Grupo Mxico SAB	Pair Corr
0.72	JATA	JAPAN TOBACCO UNSPADR12	Pair Corr

Moving against ABN Stock

0.88	MSF	Microsoft	Pair Corr
0.86	MSF	Microsoft	Pair Corr
0.86	MSF	Microsoft	Pair Corr
0.82	MSF	Microsoft	Pair Corr
0.43	B5R	Berkeley Energia	Pair Corr
0.4	TEX	Castellum AB	Pair Corr
0.38	D7GA	NEL ASA ADR30	Pair Corr
0.6	VRQ	VERGNET Split	Pair Corr

Related Correlations Analysis

	81M	UP2	20Y	MCP	85S	DTT0	BJI	TWY
81M		0.68	0.68	0.62	0.63	0.75	-0.38	-0.19	81M
UP2	0.68		0.58	0.36	0.39	0.85	-0.55	-0.42	UP2
20Y	0.68	0.58		0.57	0.6	0.68	-0.13	0.23	20Y
MCP	0.62	0.36	0.57		0.9	0.36	-0.17	0.15	MCP
85S	0.63	0.39	0.6	0.9		0.5	-0.15	0.14	85S
DTT0	0.75	0.85	0.68	0.36	0.5		-0.45	-0.27	DTT0
BJI	-0.38	-0.55	-0.13	-0.17	-0.15	-0.45		0.46	BJI
TWY	-0.19	-0.42	0.23	0.15	0.14	-0.27	0.46		TWY
	81M	UP2	20Y	MCP	85S	DTT0	BJI	TWY

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

85S	+ 0.9	MCP
DTT0	+ 0.85	UP2
DTT0	+ 0.75	81M
UP2	+ 0.68	81M
20Y	+ 0.68	81M
DTT0	+ 0.68	20Y

High negative correlations

BJI	- 0.55	UP2
BJI	- 0.45	DTT0
TWY	- 0.42	UP2
BJI	- 0.38	81M
TWY	- 0.27	DTT0
TWY	- 0.19	81M

Risk-Adjusted Indicators

There is a big difference between ABN Stock performing well and ABN AMRO 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 ABN AMRO'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
81M	2.14	0.26	0.03	(0.27)	2.53	(2.73)	4.03	(4.49)	16.02
UP2	2.40	0.28	0.05	(0.51)	2.46	(3.28)	6.77	(4.49)	15.15
20Y	1.37	0.11	0.02	0.39	1.89	(1.47)	2.88	(2.42)	11.09
MCP	2.22	0.23	0.07	0.50	2.73	(2.50)	3.75	(3.83)	17.06
85S	1.72	0.18	0.07	0.28	1.96	(2.17)	4.53	(2.64)	20.56
DTT0	1.09	0.32	0.14	1.42	1.15	(1.34)	2.63	(1.87)	8.43
BJI	1.52	0.09	0.00	0.49	2.54	(6.38)	4.17	(4.00)	26.18
TWY	2.90	0.31	0.07	2.14	2.68	(4.68)	6.78	(5.17)	25.45

Be your own money manager

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