AMA Correlations
| AMA Stock | 0.78 0.02 2.50% |
The current 90-days correlation between AMA Group and Collins Foods is 0.04 (i.e., Significant diversification). The correlation of AMA 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.
AMA Correlation With Market
Significant diversification
The correlation between AMA Group and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AMA Group and DJI in the same portfolio, assuming nothing else is changed.
AMA |
The ability to find closely correlated positions to AMA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AMA 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 AMA - 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 AMA Group to buy it.
Moving together with AMA Stock
Moving against AMA Stock
| 0.8 | WOW | Woolworths Group | PairCorr |
| 0.79 | DOW | Downer Edi | PairCorr |
| 0.73 | MBX | My Foodie BOX | PairCorr |
| 0.7 | SHV | Select Harvests | PairCorr |
| 0.63 | ROC | Rocketboots | PairCorr |
| 0.55 | TVL | Touch Ventures | PairCorr |
| 0.55 | RMY | Rma Global | PairCorr |
| 0.55 | WEB | WEB Travel Group | PairCorr |
| 0.42 | PRX | Prodigy Gold NL Split | PairCorr |
| 0.36 | MMA | Maronan Metals | PairCorr |
| 0.35 | ERA | Energy Resources | PairCorr |
| 0.33 | NTM | NT Minerals | PairCorr |
| 0.89 | ONE | Oneview Healthcare Plc | PairCorr |
| 0.86 | EIQ | Echoiq | PairCorr |
| 0.85 | WR1 | Winsome Resources | PairCorr |
| 0.83 | COV | Cleo Diagnostics | PairCorr |
| 0.82 | G11 | G11 Resources Split | PairCorr |
| 0.79 | PMC | Platinum Capital | PairCorr |
| 0.77 | ERL | Empire Resources | PairCorr |
| 0.77 | RIO | RIO Tinto | PairCorr |
| 0.75 | GVF | Staude Capital Global | PairCorr |
| 0.72 | ELS | Elsight | PairCorr |
| 0.69 | LAU | Lindsay Australia | PairCorr |
| 0.67 | MBK | Metal Bank | PairCorr |
| 0.65 | SS1 | Sun Silver | PairCorr |
| 0.49 | FPH | Fisher Paykel Healthcare | PairCorr |
| 0.4 | SLS | Solstice Minerals | 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 AMA Stock performing well and AMA 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 AMA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CIP | 0.69 | (0.06) | 0.00 | (0.10) | 0.00 | 1.47 | 4.42 | |||
| CKF | 1.13 | 0.01 | (0.03) | 0.12 | 1.47 | 2.52 | 7.20 | |||
| AMI | 2.91 | (0.11) | (0.01) | 0.01 | 3.36 | 4.76 | 13.26 | |||
| FAL | 3.29 | (0.18) | 0.00 | (0.34) | 0.00 | 6.38 | 23.61 | |||
| SLB | 2.00 | (0.14) | 0.00 | (0.78) | 0.00 | 4.55 | 23.50 | |||
| VIT | 1.84 | (0.11) | 0.00 | 0.86 | 0.00 | 4.84 | 10.99 | |||
| MTC | 3.17 | (0.10) | 0.00 | 1.17 | 0.00 | 7.14 | 24.49 | |||
| SHG | 3.36 | 0.07 | 0.00 | 0.59 | 3.78 | 7.41 | 15.10 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in AMA 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?
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Bond AnalysisEvaluate and analyze corporate bonds as a potential investment for your portfolios. |
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AMA Corporate Management
Elected by the shareholders, the AMA's board of directors comprises two types of representatives: AMA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of AMA. The board's role is to monitor AMA's management team and ensure that shareholders' interests are well served. AMA's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, AMA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Bus FCIS | Company Sec | Profile | |
| Lee Mitchell | Company Secretary | Profile | |
| AGIA BCom | Company Secretary | Profile | |
| Mathew Cooper | Group Officer | Profile | |
| Janelle Leonard | Group Officer | Profile | |
| Domenic Romanelli | Chief Officer | Profile |