AB Dynamics Correlations
| ABDDF Stock | USD 16.80 0.00 0.00% |
The correlation of AB Dynamics 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.
AB Dynamics Correlation With Market
Very weak diversification
The correlation between AB Dynamics plc and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AB Dynamics plc and DJI in the same portfolio, assuming nothing else is changed.
ABDDF |
The ability to find closely correlated positions to AB Dynamics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AB Dynamics 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 AB Dynamics - 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 AB Dynamics plc to buy it.
Moving together with ABDDF Pink Sheet
| 0.67 | MEGI | MainStay CBRE Global Normal Trading | PairCorr |
| 0.75 | LAND | Gladstone Land | PairCorr |
| 0.78 | BBDO | Banco Bradesco SA | PairCorr |
| 0.61 | USPH | US Physicalrapy | PairCorr |
| 0.87 | CAMZF | Camino Minerals | PairCorr |
| 0.83 | SLSR | Solaris Resources | PairCorr |
| 0.71 | JOE | St Joe Company | PairCorr |
| 0.64 | TATT | Tat Techno | PairCorr |
| 0.7 | NTZ | Natuzzi SpA | PairCorr |
| 0.84 | CGECF | Cogeco Inc | PairCorr |
| 0.67 | DUK-PA | Duke Energy | PairCorr |
| 0.69 | NNBR | NN Inc | PairCorr |
| 0.71 | BLAGF | Blue Lagoon Resources | PairCorr |
Moving against ABDDF Pink Sheet
| 0.64 | NTNX | Nutanix | PairCorr |
| 0.52 | PTAIF | PT Astra International | PairCorr |
| 0.47 | BAM | Brookfield Asset Man Normal Trading | PairCorr |
| 0.43 | AFIIQ | Armstrong Flooring | PairCorr |
| 0.34 | BRDCF | Bridgestone Earnings Call Today | PairCorr |
Related Correlations Analysis
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 ABDDF Pink Sheet performing well and AB Dynamics 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 AB Dynamics' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GUDDY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GUDHF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SFHLF | 0.43 | 0.07 | 0.00 | 21.28 | 0.00 | 0.00 | 11.06 | |||
| FUJSF | 10.02 | 10.55 | 0.00 | (15.74) | 0.00 | 27.61 | 18.20 | |||
| BJSAF | 0.10 | 0.05 | 0.00 | (0.41) | 0.00 | 0.00 | 3.45 | |||
| IRLTY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FATLF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VTSCY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DTCBD | 8.73 | 1.12 | 0.10 | 3.60 | 9.68 | 19.81 | 84.00 | |||
| SCCAF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
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AB Dynamics Corporate Management
| Stephen Brown | Chief Officer | Profile | |
| Andrew Ng | Pres America | Profile | |
| Mark Allman | Managing Limited | Profile | |
| Felicity Jackson | G Sec | Profile | |
| Sarah MatthewsDeMers | CFO Director | Profile |