Ambarella Correlations

AMBA Stock

USD 78.15 1.43 1.86%

The current 90-days correlation between Ambarella and Axcelis Technologies is 0.22 (i.e., Modest diversification). The correlation of Ambarella 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.

Ambarella Correlation With Market

Good diversification

The correlation between Ambarella and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ambarella and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ambarella. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For information on how to trade Ambarella Stock refer to our How to Trade Ambarella Stock guide.

Moving together with Ambarella Stock

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0.66	IBM	International Business Tech Boost	Pair Corr
0.8	IBEX	IBEX Earnings Call This Week	Pair Corr
0.86	MGIC	Magic Software Enter	Pair Corr
0.84	OKTA	Okta Inc	Pair Corr
0.8	CSPI	CSP Inc Upward Rally	Pair Corr
0.67	MUFG	Mitsubishi UFJ Financial Earnings Call This Week	Pair Corr
0.74	MBFJF	Mitsubishi UFJ Financial Earnings Call This Week	Pair Corr
0.7	SMFG	Sumitomo Mitsui Financial	Pair Corr
0.64	SMFNF	Sumitomo Mitsui Financial Normal Trading	Pair Corr
0.71	MFG	Mizuho Financial	Pair Corr
0.68	MZHOF	Mizuho Financial Normal Trading	Pair Corr
0.7	V	Visa Class A	Pair Corr
0.83	AXP	American Express	Pair Corr
0.84	BA	Boeing	Pair Corr
0.64	JPM	JPMorgan Chase	Pair Corr

Moving against Ambarella Stock

0.82	UMC	United Microelectronics Aggressive Push	Pair Corr
0.74	INTC	Intel	Pair Corr
0.72	S	SentinelOne	Pair Corr
0.65	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.36	ALKT	Alkami Technology	Pair Corr
0.33	ZEPP	Zepp Health Corp	Pair Corr
0.8	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.7	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.61	AA	Alcoa Corp	Pair Corr
0.48	TRV	The Travelers Companies	Pair Corr
0.4	VZ	Verizon Communications	Pair Corr
0.32	MCD	McDonalds Earnings Call This Week	Pair Corr

Related Correlations Analysis

	ACLS	KLIC	UCTT	COHU	ASYS	AEHR	PLAB	LRCX	KLAC	IPGP
ACLS		0.17	-0.11	0.52	0.43	0.03	0.22	0.11	-0.08	0.85	ACLS
KLIC	0.17		0.66	0.8	0.57	0.02	0.86	-0.07	-0.37	0.44	KLIC
UCTT	-0.11	0.66		0.39	0.12	0.08	0.53	0.23	0.23	0.16	UCTT
COHU	0.52	0.8	0.39		0.65	0.25	0.67	-0.16	-0.5	0.63	COHU
ASYS	0.43	0.57	0.12	0.65		0.1	0.5	-0.36	-0.68	0.38	ASYS
AEHR	0.03	0.02	0.08	0.25	0.1		-0.13	-0.03	-0.04	-0.11	AEHR
PLAB	0.22	0.86	0.53	0.67	0.5	-0.13		0.02	-0.3	0.42	PLAB
LRCX	0.11	-0.07	0.23	-0.16	-0.36	-0.03	0.02		0.68	0.18	LRCX
KLAC	-0.08	-0.37	0.23	-0.5	-0.68	-0.04	-0.3	0.68		-0.02	KLAC
IPGP	0.85	0.44	0.16	0.63	0.38	-0.11	0.42	0.18	-0.02		IPGP
	ACLS	KLIC	UCTT	COHU	ASYS	AEHR	PLAB	LRCX	KLAC	IPGP

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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

PLAB	+ 0.86	KLIC
IPGP	+ 0.85	ACLS
COHU	+ 0.8	KLIC
KLAC	+ 0.68	LRCX
PLAB	+ 0.67	COHU
UCTT	+ 0.66	KLIC

High negative correlations

KLAC	- 0.68	ASYS
KLAC	- 0.5	COHU
KLAC	- 0.37	KLIC
LRCX	- 0.36	ASYS
KLAC	- 0.3	PLAB
LRCX	- 0.16	COHU

Risk-Adjusted Indicators

There is a big difference between Ambarella Stock performing well and Ambarella 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 Ambarella'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
ACLS	1.77	(0.44)	0.00	(0.75)	0.00	0.00	3.21	(5.01)	10.02
KLIC	1.69	(0.02)	(0.03)	0.01	2.19	(1.56)	3.77	(3.06)	9.85
UCTT	2.19	0.05	0.00	0.19	3.06	(2.04)	3.91	(4.20)	14.77
COHU	2.15	(0.18)	0.00	(0.44)	0.00	0.00	3.92	(4.12)	16.68
ASYS	1.41	(0.21)	0.00	2.57	0.00	0.00	3.36	(3.37)	12.23
AEHR	4.31	(0.43)	0.00	(1.14)	0.00	0.00	7.67	(7.42)	52.75
PLAB	1.87	(0.04)	0.00	(0.06)	0.00	0.00	4.08	(4.10)	17.20
LRCX	2.05	0.11	0.02	(6.47)	2.45	(2.17)	4.40	(3.90)	11.58
KLAC	1.49	0.13	0.04	0.39	2.05	(1.48)	3.24	(3.68)	11.35
IPGP	1.90	(0.10)	0.00	(0.08)	0.00	0.00	4.47	(3.91)	11.94

Ambarella Corporate Management

Christopher Day	VP of Marketing and Bus. Devel.	Profile
John Young	Chief Officer	Profile
Amee OrozcoGuiriba	Vice Resources	Profile
Chan Lee	Chief Officer	Profile
Michael Morehead	General Secretary	Profile
ChiHong Ju	Senior Centers	Profile

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