Ambu A/S Correlations

AMBBY Stock

USD 11.49 1.05 8.37%

The current 90-days correlation between Ambu A/S and Nihon Kohden Corp is -0.03 (i.e., Good diversification). The correlation of Ambu A/S 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.

Ambu A/S Correlation With Market

Good diversification

The correlation between Ambu AS and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ambu AS and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Ambu A/S could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ambu A/S 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 Ambu A/S - 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 Ambu AS to buy it.

Moving against Ambu Pink Sheet

0.71	SYK	Stryker	Pair Corr
0.58	PPERY	Bank Mandiri Persero	Pair Corr
0.57	KB	KB Financial Group	Pair Corr
0.56	SHG	Shinhan Financial	Pair Corr
0.4	PHG	Koninklijke Philips	Pair Corr
0.33	BKRKF	PT Bank Rakyat	Pair Corr
0.31	DXCM	DexCom Inc	Pair Corr
0.71	ASC	Ardmore Shpng	Pair Corr
0.68	ENB	Enbridge	Pair Corr
0.66	HBANM	Huntington Bancshares	Pair Corr
0.61	E	Eni SpA ADR	Pair Corr
0.59	WF	Woori Financial Group	Pair Corr
0.53	HSY	Hershey	Pair Corr
0.52	STBGY	Scandinavian Tobacco	Pair Corr
0.49	EXETF	Extendicare	Pair Corr
0.44	YI	111 Inc	Pair Corr
0.43	CASY	Caseys General Stores Earnings Call This Week	Pair Corr
0.43	SGLFF	SGL Carbon SE	Pair Corr
0.36	IR	Ingersoll Rand	Pair Corr
0.59	MTLK	Metalink	Pair Corr
0.55	CIM	Chimera Investment	Pair Corr
0.53	WBI	WaterBridge Infrastructure	Pair Corr
0.51	SOMMY	Sumitomo Chemical	Pair Corr

Related Correlations Analysis

	NHNKY	CAMRF	AMFPF	BUHPF	CZMWY	CZMWF	GNGBF	WLCGF	RMYHY	SNPHF
NHNKY		0.45	0.64	0.0	-0.18	-0.21	-0.44	0.0	0.7	0.8	NHNKY
CAMRF	0.45		0.54	0.0	0.19	0.2	-0.35	0.0	-0.04	0.22	CAMRF
AMFPF	0.64	0.54		0.0	0.13	0.13	-0.5	0.0	0.43	0.52	AMFPF
BUHPF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	BUHPF
CZMWY	-0.18	0.19	0.13	0.0		0.99	-0.02	0.0	-0.51	-0.15	CZMWY
CZMWF	-0.21	0.2	0.13	0.0	0.99		-0.01	0.0	-0.55	-0.21	CZMWF
GNGBF	-0.44	-0.35	-0.5	0.0	-0.02	-0.01		0.0	-0.28	-0.27	GNGBF
WLCGF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	WLCGF
RMYHY	0.7	-0.04	0.43	0.0	-0.51	-0.55	-0.28	0.0		0.73	RMYHY
SNPHF	0.8	0.22	0.52	0.0	-0.15	-0.21	-0.27	0.0	0.73		SNPHF
	NHNKY	CAMRF	AMFPF	BUHPF	CZMWY	CZMWF	GNGBF	WLCGF	RMYHY	SNPHF

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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

CZMWF	+ 0.99	CZMWY
SNPHF	+ 0.8	NHNKY
SNPHF	+ 0.73	RMYHY
RMYHY	+ 0.7	NHNKY
AMFPF	+ 0.64	NHNKY
AMFPF	+ 0.54	CAMRF

High negative correlations

RMYHY	- 0.55	CZMWF
RMYHY	- 0.51	CZMWY
GNGBF	- 0.5	AMFPF
GNGBF	- 0.44	NHNKY
GNGBF	- 0.35	CAMRF
RMYHY	- 0.28	GNGBF

Risk-Adjusted Indicators

There is a big difference between Ambu Pink Sheet performing well and Ambu A/S 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 Ambu A/S'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
NHNKY	2.14	0.13	0.04	0.21	2.72	(2.51)	5.09	(4.85)	16.73
CAMRF	0.81	(0.21)	0.00	(3.83)	0.00	0.00	0.00	(0.04)	27.05
AMFPF	0.18	0.00	0.00	0.15	0.00	0.00	0.00	0.00	10.95
BUHPF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CZMWY	2.04	(0.79)	0.00	3.10	0.00	0.00	3.07	(7.04)	22.31
CZMWF	2.53	(0.67)	0.00	0.70	0.00	0.00	7.28	(6.65)	27.60
GNGBF	0.34	0.00	0.00	0.06	0.00	0.00	0.00	0.00	10.85
WLCGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RMYHY	0.83	0.33	0.00	5.94	0.00	0.00	0.44	0.00	10.83
SNPHF	0.45	0.23	0.00	1.53	0.00	0.00	2.35	0.00	5.68

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ambu A/S 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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Ambu A/S Corporate Management

Thomas Schmidt	Ex CFO	Profile
Henrik Ankjr	Ex Operations	Profile
Anders Williamsson	Managing Director	Profile
Steven Block	CEO USA	Profile
Nicolai Thomsen	Director Planning	Profile
Mikkel Wagner	Director Communications	Profile

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