Advanced Micro Correlations

AMD Stock

USD 200.21 3.47 1.70%

The current 90-days correlation between Advanced Micro Devices and Uber Technologies is -0.1 (i.e., Good diversification). The correlation of Advanced Micro 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.

Advanced Micro Correlation With Market

Average diversification

The correlation between Advanced Micro Devices and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Advanced Micro Devices and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Advanced Stock

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

Moving against Advanced Stock

0.43	QCE	Global PVQ SE	Pair Corr
0.45	STM	Stabilus SA	Pair Corr
0.34	ARM	Arm Holdings plc	Pair Corr

Related Correlations Analysis

	UBER	ANET	INTU	SONY
UBER		-0.43	0.82	0.75	UBER
ANET	-0.43		-0.48	-0.58	ANET
INTU	0.82	-0.48		0.82	INTU
SONY	0.75	-0.58	0.82		SONY
	UBER	ANET	INTU	SONY

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

INTU	+ 0.82	UBER
SONY	+ 0.82	INTU
SONY	+ 0.75	UBER

High negative correlations

SONY	- 0.58	ANET
INTU	- 0.48	ANET
ANET	- 0.43	UBER

Risk-Adjusted Indicators

There is a big difference between Advanced Stock performing well and Advanced Micro 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 Advanced Micro'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
UBER	1.56	(0.19)	0.00	(0.30)	0.00	0.00	2.70	(3.82)	11.09
ANET	2.32	0.12	0.05	0.16	2.82	(2.36)	5.27	(4.33)	15.27
INTU	2.09	(0.78)	0.00	(0.65)	0.00	0.00	3.46	(5.52)	15.22
SONY	1.05	(0.37)	0.00	(0.54)	0.00	0.00	2.10	(2.41)	6.40

Advanced Micro Corporate Management

Martin Ashton	Senior Architecture	Profile
Richard Bergman	Exec Group	Profile
Philip Carter	Corporate Officer	Profile
Darla Smith	Corporate Officer	Profile
Thomas Zacharia	Senior policy	Profile

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