Adyen NV Correlations

ADYYF Stock

USD 1,467 34.00 2.37%

The current 90-days correlation between Adyen NV and StoneCo is 0.15 (i.e., Average diversification). The correlation of Adyen NV 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.

Adyen NV Correlation With Market

Modest diversification

The correlation between Adyen NV and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Adyen NV and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Adyen Pink Sheet

0.96	ADYEY	Adyen NV	Pair Corr
0.71	PBCRY	Bank Central Asia	Pair Corr

Moving against Adyen Pink Sheet

0.74	JPHLF	Japan Post Holdings	Pair Corr
0.6	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.54	SQ	Block Inc Sell-off Trend	Pair Corr
0.52	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.52	MZHOF	Mizuho Financial Downward Rally	Pair Corr
0.48	JPSTF	JAPAN POST BANK	Pair Corr
0.43	VMW	VMware Inc	Pair Corr
0.4	CRWD	Crowdstrike Holdings	Pair Corr
0.54	DIS	Walt Disney Sell-off Trend	Pair Corr
0.49	NFLX	Netflix Fiscal Year End 28th of January 2025	Pair Corr
0.41	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.32	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr

Related Correlations Analysis

	MOGO	STNE	STEM	SQ	ARAT	APCXW	ARBEW	ALFIQ	APGT
MOGO		-0.35	-0.47	0.63	-0.27	-0.13	-0.15	-0.2	0.07	MOGO
STNE	-0.35		0.43	-0.7	0.65	0.19	0.32	0.16	0.7	STNE
STEM	-0.47	0.43		-0.24	0.29	0.07	0.22	-0.26	0.06	STEM
SQ	0.63	-0.7	-0.24		-0.67	-0.24	-0.37	-0.29	-0.62	SQ
ARAT	-0.27	0.65	0.29	-0.67		0.36	0.48	0.22	0.63	ARAT
APCXW	-0.13	0.19	0.07	-0.24	0.36		0.11	0.14	0.16	APCXW
ARBEW	-0.15	0.32	0.22	-0.37	0.48	0.11		-0.06	0.36	ARBEW
ALFIQ	-0.2	0.16	-0.26	-0.29	0.22	0.14	-0.06		0.02	ALFIQ
APGT	0.07	0.7	0.06	-0.62	0.63	0.16	0.36	0.02		APGT
	MOGO	STNE	STEM	SQ	ARAT	APCXW	ARBEW	ALFIQ	APGT

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

APGT	+ 0.7	STNE
ARAT	+ 0.65	STNE
SQ	+ 0.63	MOGO
APGT	+ 0.63	ARAT
ARBEW	+ 0.48	ARAT
STEM	+ 0.43	STNE

High negative correlations

SQ	- 0.7	STNE
ARAT	- 0.67	SQ
APGT	- 0.62	SQ
STEM	- 0.47	MOGO
ARBEW	- 0.37	SQ
STNE	- 0.35	MOGO

Risk-Adjusted Indicators

There is a big difference between Adyen Pink Sheet performing well and Adyen NV 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 Adyen NV'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
MOGO	3.13	0.16	0.09	0.22	2.62	(5.10)	10.31	(5.41)	32.16
STNE	2.24	(0.63)	0.00	(0.29)	0.00	0.00	4.35	(6.42)	15.16
STEM	7.25	(0.28)	0.00	(0.18)	0.00	0.00	13.16	(13.33)	66.29
SQ	1.91	0.31	0.19	0.34	1.50	(2.18)	4.62	(2.94)	14.80
ARAT	2.54	(0.43)	0.00	(0.23)	0.00	0.00	0.00	(10.34)	98.15
APCXW	11.04	1.53	0.07	(3.91)	12.17	(18.84)	27.27	(28.57)	112.25
ARBEW	4.60	0.20	0.00	(0.41)	6.56	(11.85)	14.29	(13.04)	59.65
ALFIQ	57.64	25.92	0.61	(0.69)	25.17	(115.05)	246.15	(74.00)	571.79
APGT	12.84	(1.00)	0.00	(3.12)	0.00	0.00	33.33	(44.44)	168.33

Be your own money manager

Our tools can tell you how much better you can do entering a position in Adyen NV 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?

Run ETFs Now

ETFs

Find actively traded Exchange Traded Funds (ETF) from around the world

All Next

Launch Module

Adyen NV Corporate Management

Roelant Prins	Chief Commercial Officer	Profile
Fernando Ricco	Head Relations	Profile
Hemmo Bosscher	Head Communications	Profile
Kamran Zaki	COO Board	Profile
Alexander Matthey	CTO Board	Profile
Warren Hayashi	Pres AsiaPacific	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC