AEX Amsterdam Correlations
| AEX Index | 919.45 0.02 0% |
The current 90-days correlation between AEX Amsterdam Index and Allfunds Group is 0.49 (i.e., Very weak diversification). The correlation of AEX Amsterdam 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.
The ability to find closely correlated positions to AEX Amsterdam could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AEX Amsterdam 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 AEX Amsterdam - 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 AEX Amsterdam Index to buy it.
Moving together with AEX Index
| 0.66 | ASML | ASML Holding NV | PairCorr |
| 0.94 | REN | Relx PLC Earnings Call This Week | PairCorr |
| 0.74 | INGA | ING Groep NV | PairCorr |
| 0.78 | ADYEN | Adyen NV | PairCorr |
| 0.76 | UMG | Universal Music Group | PairCorr |
| 0.72 | AD | Koninklijke Ahold Earnings Call This Week | PairCorr |
| 0.9 | WKL | Wolters Kluwer NV | PairCorr |
| 0.74 | SXLY | SSgA SPDR ETFs | PairCorr |
| 0.85 | EEDV | SPDR SP Euro | PairCorr |
Related Correlations Analysis
| 0.63 | 0.26 | -0.48 | 0.54 | -0.48 | ALLFG | ||
| 0.63 | 0.2 | -0.33 | 0.27 | -0.3 | REINA | ||
| 0.26 | 0.2 | -0.43 | 0.24 | 0.15 | AMG | ||
| -0.48 | -0.33 | -0.43 | -0.59 | 0.34 | UMG | ||
| 0.54 | 0.27 | 0.24 | -0.59 | -0.64 | AXS | ||
| -0.48 | -0.3 | 0.15 | 0.34 | -0.64 | SBMO | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between AEX Index performing well and AEX Amsterdam Index 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 AEX Amsterdam'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ALLFG | 1.31 | (0.17) | 0.00 | (0.37) | 0.00 | 2.38 | 8.34 | |||
| REINA | 1.69 | (0.10) | 0.00 | (0.10) | 0.00 | 3.48 | 11.35 | |||
| AMG | 1.71 | (0.10) | 0.00 | (4.19) | 0.00 | 2.98 | 18.80 | |||
| UMG | 1.01 | 0.17 | 0.07 | (10.65) | 1.00 | 2.87 | 7.76 | |||
| AXS | 1.42 | (0.23) | 0.00 | (16.58) | 0.00 | 1.82 | 15.02 | |||
| SBMO | 1.06 | 0.08 | (0.03) | (0.10) | 1.34 | 1.85 | 6.66 |
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AEX Amsterdam Distribution of Returns
Predicted Return Density |
| Returns |
