Advanced Micro Correlations
| AMD Stock | USD 113.10 1.29 1.15% |
The current 90-days correlation between Advanced Micro Devices and Intel is 0.37 (i.e., 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
Modest diversification
The correlation between Advanced Micro Devices and DJI is 0.25 (i.e., Modest 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.
Advanced |
Moving together with Advanced Stock
| 0.72 | INTC | Intel Aggressive Push | PairCorr |
| 0.67 | NVDA | NVIDIA Aggressive Push | PairCorr |
| 0.86 | DM | Desktop Metal | PairCorr |
| 0.78 | DSWL | Deswell Industries | PairCorr |
| 0.87 | HPQ | HP Inc | PairCorr |
| 0.88 | DELL | Dell Technologies Aggressive Push | PairCorr |
| 0.93 | HNHPF | Hon Hai Precision | PairCorr |
Moving against Advanced Stock
| 0.81 | KD | Kyndryl Holdings | PairCorr |
| 0.78 | AVGO | Broadcom Aggressive Push | PairCorr |
| 0.78 | NOTE | FiscalNote Holdings Tech Boost | PairCorr |
| 0.66 | LPSN | LivePerson | PairCorr |
| 0.57 | MRVL | Marvell Technology | PairCorr |
| 0.57 | IBM | International Business | PairCorr |
| 0.57 | IONQ | IONQ Inc | PairCorr |
| 0.54 | TSM | Taiwan Semiconductor | PairCorr |
| 0.51 | AUR | Aurora Innovation Trending | PairCorr |
| 0.37 | CDW | CDW Corp | PairCorr |
| 0.33 | EPAM | EPAM Systems | PairCorr |
| 0.8 | VWAPY | Volkswagen AG Pref | PairCorr |
| 0.79 | PSTG | Pure Storage | PairCorr |
| 0.77 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.77 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.76 | VLKAF | Volkswagen AG | PairCorr |
| 0.74 | AMZN | Amazon Inc | PairCorr |
| 0.74 | META | Meta Platforms Aggressive Push | PairCorr |
| 0.73 | WMT | Walmart Earnings Call This Week | PairCorr |
| 0.72 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.64 | ANET | Arista Networks Earnings Call This Week | PairCorr |
| 0.59 | DUOT | Duos Technologies | PairCorr |
| 0.53 | ACN | Accenture plc | PairCorr |
| 0.5 | SSYS | Stratasys | PairCorr |
Related Correlations Analysis
| -0.54 | 0.84 | 0.05 | -0.05 | 0.79 | TSM | ||
| -0.54 | -0.76 | 0.44 | 0.57 | -0.66 | INTC | ||
| 0.84 | -0.76 | -0.03 | -0.19 | 0.81 | MRVL | ||
| 0.05 | 0.44 | -0.03 | 0.47 | -0.24 | MU | ||
| -0.05 | 0.57 | -0.19 | 0.47 | -0.32 | NVDA | ||
| 0.79 | -0.66 | 0.81 | -0.24 | -0.32 | AVGO | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TSM | 2.07 | 0.06 | 0.02 | 0.13 | 3.05 | 5.15 | 18.79 | |||
| INTC | 2.22 | (0.13) | 0.00 | (0.11) | 0.00 | 6.07 | 12.68 | |||
| MRVL | 3.08 | 0.30 | 0.06 | 0.31 | 4.91 | 6.11 | 42.29 | |||
| MU | 2.85 | (0.11) | 0.00 | (5.51) | 0.00 | 4.47 | 22.15 | |||
| NVDA | 2.49 | (0.04) | 0.00 | (0.04) | 0.00 | 4.45 | 21.86 | |||
| AVGO | 2.61 | 0.46 | 0.11 | 1.84 | 3.38 | 5.52 | 41.83 |
Advanced Micro Corporate Management
| Forrest Norrod | Sr. VP and General Manager of Enterprise, Embedded and Semi-Custom Bus. Group | Profile | |
| Harry Wolin | Sr. VP, General Counsel and Corporate Secretary | Profile | |
| Hasmukh Ranjan | Senior Officer | Profile | |
| Richard Bergman | Exec Group | Profile | |
| Scott Herkelman | Corporate Radeon | Profile | |
| Philip Carter | Corporate Officer | Profile | |
| Darla Smith | Corporate Officer | Profile |