Ambarella Correlations

AMBA Stock

USD 71.40 0.35 0.49%

The current 90-days correlation between Ambarella and IPG Photonics is 0.52 (i.e., Very weak 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

Very weak diversification

The correlation between Ambarella and DJI is 0.43 (i.e., Very weak 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.

Build AI portfolio with Ambarella Stock

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 against Ambarella Stock

0.61	ON	ON Semiconductor	Pair Corr
0.32	002745	MLS Co	Pair Corr
0.31	603061	JHT Design	Pair Corr
0.77	ADI	Analog Devices	Pair Corr
0.66	001270	Zhejiang Chengchang	Pair Corr
0.59	688127	Zhejiang Lante Optics	Pair Corr
0.5	688313	Henan Shijia Photons	Pair Corr
0.49	4DS	4DS Memory	Pair Corr
0.31	300672	Goke Microelectronics	Pair Corr
0.7	601133	BOTH Engineering Tec	Pair Corr
0.59	ICG	Intchains Group Tech Boost	Pair Corr
0.55	MXL	MaxLinear	Pair Corr
0.5	GFS	Globalfoundries	Pair Corr
0.42	FTCI	FTC Solar Tech Boost	Pair Corr
0.38	AIP	Arteris	Pair Corr

Related Correlations Analysis

	IPGP	SLAB	SIMO	SYNA	GBTG	NIQ	COMM	NVTS	FORM	VRRM
IPGP		0.36	0.74	0.12	0.42	-0.7	-0.39	0.6	-0.25	0.5	IPGP
SLAB	0.36		0.54	0.89	0.69	0.22	0.19	0.32	0.12	0.1	SLAB
SIMO	0.74	0.54		0.34	0.59	-0.39	-0.33	0.47	-0.21	0.52	SIMO
SYNA	0.12	0.89	0.34		0.55	0.32	0.52	0.15	0.44	-0.22	SYNA
GBTG	0.42	0.69	0.59	0.55		0.03	-0.16	0.31	-0.27	0.51	GBTG
NIQ	-0.7	0.22	-0.39	0.32	0.03		0.45	-0.57	0.11	-0.33	NIQ
COMM	-0.39	0.19	-0.33	0.52	-0.16	0.45		-0.3	0.83	-0.85	COMM
NVTS	0.6	0.32	0.47	0.15	0.31	-0.57	-0.3		-0.13	0.42	NVTS
FORM	-0.25	0.12	-0.21	0.44	-0.27	0.11	0.83	-0.13		-0.82	FORM
VRRM	0.5	0.1	0.52	-0.22	0.51	-0.33	-0.85	0.42	-0.82		VRRM
	IPGP	SLAB	SIMO	SYNA	GBTG	NIQ	COMM	NVTS	FORM	VRRM

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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

SYNA	+ 0.89	SLAB
FORM	+ 0.83	COMM
SIMO	+ 0.74	IPGP
GBTG	+ 0.69	SLAB
NVTS	+ 0.6	IPGP
GBTG	+ 0.59	SIMO

High negative correlations

VRRM	- 0.85	COMM
VRRM	- 0.82	FORM
NIQ	- 0.7	IPGP
NVTS	- 0.57	NIQ
NIQ	- 0.39	SIMO
COMM	- 0.39	IPGP

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
IPGP	1.87	(0.19)	0.00	(0.03)	0.00	0.00	3.63	(4.10)	12.41
SLAB	1.77	(0.10)	(0.01)	0.02	2.38	(1.83)	4.17	(3.26)	11.31
SIMO	2.19	(0.16)	(0.02)	0.00	3.18	(2.08)	4.40	(5.50)	13.80
SYNA	2.17	(0.12)	0.00	0.03	2.67	(2.20)	5.38	(4.48)	11.80
GBTG	1.68	(0.19)	0.00	(0.05)	0.00	0.00	3.24	(3.82)	12.18
NIQ	2.11	(0.02)	0.00	0.06	2.20	(2.40)	4.68	(3.20)	10.17
COMM	1.95	0.12	0.07	0.14	2.32	(2.14)	4.14	(3.57)	15.17
NVTS	5.89	0.15	0.05	0.12	5.91	(6.89)	20.60	(10.34)	40.69
FORM	2.98	0.70	0.21	0.58	2.88	(3.37)	7.04	(5.12)	32.46
VRRM	1.07	(0.15)	0.00	(0.27)	0.00	0.00	2.25	(2.50)	7.22

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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