Advanced Micro Correlations

AMD Stock

USD 231.83 3.91 1.72%

The current 90-days correlation between Advanced Micro Devices and ASML Holding NV is 0.49 (i.e., Very weak 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

Weak diversification

The correlation between Advanced Micro Devices and DJI is 0.33 (i.e., Weak 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 board of governors.

Moving together with Advanced Stock

0.62	HPQ	HP Inc	Pair Corr
0.7	HD	Home Depot	Pair Corr

Moving against Advanced Stock

0.77	JNJ	Johnson Johnson Earnings Call This Week	Pair Corr
0.71	MRK	Merck Company	Pair Corr
0.66	TRV	The Travelers Companies Earnings Call This Week	Pair Corr
0.61	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.56	PFE	Pfizer Inc	Pair Corr
0.53	ACN	Accenture plc	Pair Corr
0.5	MCD	McDonalds	Pair Corr
0.41	BAC	Bank of America	Pair Corr
0.36	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.34	AXP	American Express	Pair Corr
0.32	F	Ford Motor	Pair Corr

Related Correlations Analysis

	ASML	MU	PLTR	LRCX	ARM	QCOM	AMAT	SAP	KLAC	TXN
ASML		0.85	0.02	0.92	-0.55	0.14	0.9	-0.37	0.93	0.78	ASML
MU	0.85		0.0	0.94	-0.78	0.18	0.88	-0.54	0.88	0.64	MU
PLTR	0.02	0.0		0.11	0.24	0.62	0.01	0.42	0.16	0.09	PLTR
LRCX	0.92	0.94	0.11		-0.69	0.21	0.88	-0.43	0.97	0.72	LRCX
ARM	-0.55	-0.78	0.24	-0.69		0.0	-0.75	0.81	-0.63	-0.54	ARM
QCOM	0.14	0.18	0.62	0.21	0.0		0.18	0.05	0.2	0.16	QCOM
AMAT	0.9	0.88	0.01	0.88	-0.75	0.18		-0.54	0.87	0.84	AMAT
SAP	-0.37	-0.54	0.42	-0.43	0.81	0.05	-0.54		-0.4	-0.17	SAP
KLAC	0.93	0.88	0.16	0.97	-0.63	0.2	0.87	-0.4		0.69	KLAC
TXN	0.78	0.64	0.09	0.72	-0.54	0.16	0.84	-0.17	0.69		TXN
	ASML	MU	PLTR	LRCX	ARM	QCOM	AMAT	SAP	KLAC	TXN

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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

KLAC	+ 0.97	LRCX
LRCX	+ 0.94	MU
KLAC	+ 0.93	ASML
LRCX	+ 0.92	ASML
AMAT	+ 0.9	ASML
AMAT	+ 0.88	MU

High negative correlations

ARM	- 0.78	MU
AMAT	- 0.75	ARM
ARM	- 0.69	LRCX
KLAC	- 0.63	ARM
ARM	- 0.55	ASML
SAP	- 0.54	AMAT

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
ASML	1.84	0.38	0.18	0.35	1.93	(2.06)	5.37	(3.44)	11.56
MU	3.34	0.91	0.24	4.30	3.04	(4.10)	8.93	(5.56)	19.80
PLTR	2.28	(0.22)	0.00	(0.02)	0.00	0.00	4.74	(5.85)	15.34
LRCX	2.60	0.54	0.24	0.30	2.42	(2.99)	6.26	(4.85)	12.15
ARM	1.76	(0.79)	0.00	(0.59)	0.00	0.00	2.64	(4.71)	10.33
QCOM	1.56	(0.15)	(0.04)	0.00	2.12	(1.48)	3.48	(3.93)	15.88
AMAT	2.10	0.60	0.20	(10.95)	1.95	(2.26)	5.00	(3.61)	10.80
SAP	1.02	(0.28)	0.00	(0.34)	0.00	0.00	1.52	(2.75)	5.85
KLAC	2.03	0.49	0.25	0.34	1.84	(2.30)	5.69	(3.11)	11.55
TXN	1.44	0.04	0.04	0.12	1.55	(1.65)	3.96	(2.72)	11.75

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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