Ambarella Correlations

AMBA Stock

USD 68.01 1.78 2.69%

The current 90-days correlation between Ambarella and IPG Photonics is 0.2 (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

Pay attention - limited upside

The correlation between Ambarella and DJI is -0.78 (i.e., Pay attention - limited upside) 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 together with Ambarella Stock

0.68	DQ	Daqo New Energy Earnings Call This Week	Pair Corr
0.62	NA	Nano Labs	Pair Corr
0.65	L5A	Canadian Solar	Pair Corr
0.7	5PZ	SOLTEC POWER HOLD Split	Pair Corr

Moving against Ambarella Stock

0.76	ON	ON Semiconductor	Pair Corr
0.74	MU	Micron Technology Aggressive Push	Pair Corr
0.74	ASM	ASM International	Pair Corr
0.74	KU1	Kulicke and Soffa	Pair Corr
0.72	MX	MagnaChip Semiconductor	Pair Corr
0.71	DIOD	Diodes Incorporated	Pair Corr
0.71	AMK	Amkor Technology	Pair Corr
0.69	ALKAL	Kalray SA	Pair Corr
0.53	AIX2	AIXTRON SE	Pair Corr
0.52	TWA	TOWA	Pair Corr
0.46	VECO	Veeco Instruments Earnings Call This Week	Pair Corr
0.86	ANL	Analog Devices	Pair Corr
0.76	CTNK	Centrotherm International	Pair Corr
0.74	TEY	Teradyne	Pair Corr
0.74	INL	Intel	Pair Corr
0.73	ENTG	Entegris	Pair Corr
0.72	ENPH	Enphase Energy Buyout Trend	Pair Corr
0.7	ROM	ROHM Co	Pair Corr
0.65	WAF	Siltronic AG	Pair Corr
0.6	VNX	NXP Semiconductors	Pair Corr
0.49	SPRQ	Sparq Systems	Pair Corr
0.32	XXA1	Axcelis Technologies	Pair Corr
0.84	ADI	Analog Devices	Pair Corr
0.76	ASME	ASML Holding NV	Pair Corr
0.75	ASMF	ASML HOLDING NY	Pair Corr
0.72	2DQ	ASE TECHNHLDGCOLTD	Pair Corr
0.69	UMCB	United Microelectronics	Pair Corr
0.66	BSI	BE Semiconductor Ind	Pair Corr
0.57	AIXA	AIXTRON SE Earnings Call This Week	Pair Corr
0.47	6UX	ML SYSTEM SA	Pair Corr

Related Correlations Analysis

	IPGP	SLAB	SIMO	SYNA	GBTG	NIQ	COMM	NVTS	FORM	VRRM
IPGP		0.86	0.78	0.53	-0.86	-0.75	0.26	0.0	0.82	-0.82	IPGP
SLAB	0.86		0.87	0.71	-0.79	-0.69	0.48	0.11	0.9	-0.73	SLAB
SIMO	0.78	0.87		0.85	-0.71	-0.43	0.69	0.41	0.95	-0.69	SIMO
SYNA	0.53	0.71	0.85		-0.35	-0.09	0.8	0.6	0.83	-0.43	SYNA
GBTG	-0.86	-0.79	-0.71	-0.35		0.83	-0.16	0.17	-0.73	0.88	GBTG
NIQ	-0.75	-0.69	-0.43	-0.09	0.83		0.11	0.37	-0.47	0.72	NIQ
COMM	0.26	0.48	0.69	0.8	-0.16	0.11		0.56	0.66	-0.15	COMM
NVTS	0.0	0.11	0.41	0.6	0.17	0.37	0.56		0.35	0.09	NVTS
FORM	0.82	0.9	0.95	0.83	-0.73	-0.47	0.66	0.35		-0.69	FORM
VRRM	-0.82	-0.73	-0.69	-0.43	0.88	0.72	-0.15	0.09	-0.69		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

FORM	+ 0.95	SIMO
FORM	+ 0.9	SLAB
VRRM	+ 0.88	GBTG
SIMO	+ 0.87	SLAB
SLAB	+ 0.86	IPGP
SYNA	+ 0.85	SIMO

High negative correlations

GBTG	- 0.86	IPGP
VRRM	- 0.82	IPGP
GBTG	- 0.79	SLAB
NIQ	- 0.75	IPGP
FORM	- 0.73	GBTG
VRRM	- 0.73	SLAB

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	2.70	0.78	0.21	0.90	3.02	(3.02)	4.62	(4.46)	47.86
SLAB	2.56	0.80	0.42	0.42	1.47	(3.33)	4.55	(3.67)	49.65
SIMO	2.27	0.67	0.23	1.07	2.32	(2.56)	6.97	(4.53)	23.47
SYNA	2.41	0.28	0.13	0.18	2.38	(2.80)	7.07	(3.94)	15.72
GBTG	2.20	(0.49)	0.00	(0.23)	0.00	0.00	4.10	(6.13)	15.25
NIQ	2.49	(0.26)	0.00	(0.48)	0.00	0.00	4.68	(5.95)	25.33
COMM	1.99	0.41	0.12	(1.06)	2.44	(2.16)	4.14	(4.01)	15.17
NVTS	4.53	0.00	0.03	0.05	5.04	(5.19)	12.60	(9.39)	27.29
FORM	2.71	0.89	0.32	0.64	2.45	(3.31)	6.39	(3.87)	19.67
VRRM	1.25	(0.35)	0.00	(0.45)	0.00	0.00	2.29	(2.65)	8.35

Ambarella Corporate Management

John Young	Chief Officer	Profile
Amee OrozcoGuiriba	Vice Resources	Profile
Chan Lee	Chief Officer	Profile
Michael Morehead	General Secretary	Profile
Alberto Broggi	General VisLab	Profile
ChiHong Ju	Senior Centers	Profile

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