AMADEUS IT Correlations

AI3B Stock

EUR 66.00 0.50 0.76%

The current 90-days correlation between AMADEUS IT GRP and Cognizant Technology Solutions is 0.1 (i.e., Average diversification). The correlation of AMADEUS IT 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.

AMADEUS IT Correlation With Market

Average diversification

The correlation between AMADEUS IT GRP and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AMADEUS IT GRP and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with AMADEUS Stock

0.71	CSA	Accenture plc	Pair Corr
0.71	IBM	International Business	Pair Corr
0.73	IBM	International Business	Pair Corr
0.98	AI3A	Amadeus IT Group	Pair Corr
0.79	PP1	Papa Johns International	Pair Corr
0.76	7PI	Poste Italiane SpA	Pair Corr
0.66	7RY	Ryerson Holding	Pair Corr
0.82	EK7	AGRICUL BK CHINA	Pair Corr
0.82	UN3	United Natural Foods	Pair Corr
0.73	DBPE	Xtrackers LevDAX	Pair Corr

Moving against AMADEUS Stock

0.91	GHDN	Brainstorm Cell Ther Split	Pair Corr
0.84	AHD	ASHFORD HOSPITTRUST Split	Pair Corr
0.74	DBPD	Xtrackers ShortDAX	Pair Corr
0.44	CGM	Capgemini SE	Pair Corr
0.41	AZ6	EuropaCorp	Pair Corr
0.32	CDW	CDW Corporation	Pair Corr

Related Correlations Analysis

	CSA	COZ	8SP	6NM	39O1	2DG	TLX	TM9	INVN	IUI1
CSA		0.68	-0.49	0.08	0.39	-0.77	-0.28	-0.12	0.69	0.69	CSA
COZ	0.68		-0.65	-0.28	-0.05	-0.68	0.0	-0.22	0.65	0.79	COZ
8SP	-0.49	-0.65		0.6	0.25	0.69	0.38	0.27	-0.72	-0.84	8SP
6NM	0.08	-0.28	0.6		0.5	0.09	0.19	0.14	-0.31	-0.39	6NM
39O1	0.39	-0.05	0.25	0.5		0.03	-0.21	0.35	0.01	-0.18	39O1
2DG	-0.77	-0.68	0.69	0.09	0.03		0.26	0.22	-0.75	-0.84	2DG
TLX	-0.28	0.0	0.38	0.19	-0.21	0.26		0.05	-0.26	-0.22	TLX
TM9	-0.12	-0.22	0.27	0.14	0.35	0.22	0.05		0.0	-0.26	TM9
INVN	0.69	0.65	-0.72	-0.31	0.01	-0.75	-0.26	0.0		0.82	INVN
IUI1	0.69	0.79	-0.84	-0.39	-0.18	-0.84	-0.22	-0.26	0.82		IUI1
	CSA	COZ	8SP	6NM	39O1	2DG	TLX	TM9	INVN	IUI1

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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

IUI1	+ 0.82	INVN
IUI1	+ 0.79	COZ
INVN	+ 0.69	CSA
IUI1	+ 0.69	CSA
2DG	+ 0.69	8SP
COZ	+ 0.68	CSA

High negative correlations

IUI1	- 0.84	2DG
IUI1	- 0.84	8SP
2DG	- 0.77	CSA
INVN	- 0.75	2DG
INVN	- 0.72	8SP
2DG	- 0.68	COZ

Risk-Adjusted Indicators

There is a big difference between AMADEUS Stock performing well and AMADEUS IT 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 AMADEUS IT'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
CSA	1.07	0.13	0.09	0.23	1.22	(1.15)	2.94	(1.89)	8.94
COZ	1.15	0.05	0.02	0.16	1.54	(1.22)	2.73	(2.17)	11.59
8SP	2.15	(0.05)	0.00	0.17	0.00	0.00	3.43	(4.74)	21.59
6NM	1.20	0.08	(0.02)	(0.14)	1.75	(1.29)	2.79	(2.69)	9.64
39O1	3.91	0.32	0.07	0.61	3.52	(5.55)	9.64	(5.38)	34.42
2DG	3.88	(1.67)	0.00	(16.40)	0.00	0.00	6.06	(8.57)	52.42
TLX	0.97	0.04	(0.06)	(0.87)	1.14	(1.11)	2.67	(1.64)	7.58
TM9	2.80	(0.01)	(0.02)	0.08	4.32	(3.01)	5.56	(6.43)	36.50
INVN	2.17	0.17	0.02	(0.67)	2.57	(2.55)	5.61	(4.98)	14.01
IUI1	1.20	0.21	0.11	0.95	1.08	(1.37)	2.87	(1.96)	10.01

Be your own money manager

Our tools can tell you how much better you can do entering a position in AMADEUS IT 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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