Aston Martin Correlations
| AMGDF Stock | USD 1.34 0.09 7.20% |
The current 90-days correlation between Aston Martin Lagonda and Polestar Automotive Holding is 0.13 (i.e., Average diversification). The correlation of Aston Martin 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.
Aston Martin Correlation With Market
Modest diversification
The correlation between Aston Martin Lagonda and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aston Martin Lagonda and DJI in the same portfolio, assuming nothing else is changed.
Aston |
The ability to find closely correlated positions to Aston Martin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aston Martin 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 Aston Martin - 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 Aston Martin Lagonda to buy it.
Moving together with Aston Pink Sheet
Moving against Aston Pink Sheet
| 0.55 | MNPR | Monopar Therapeutics | PairCorr |
| 0.55 | EXCH | Exchange Bankshares | PairCorr |
| 0.5 | PLTR | Palantir Technologies Earnings Call This Week | PairCorr |
| 0.5 | BBAI | BigBearai Holdings Upward Rally | PairCorr |
| 0.44 | OB | Outbrain | PairCorr |
| 0.41 | ISRMF | iShares MSCI | PairCorr |
| 0.4 | KNTK | Kinetik Holdings | PairCorr |
| 0.36 | DNA | Ginkgo Bioworks Holdings Upward Rally | PairCorr |
| 0.33 | TM | Toyota Motor Earnings Call This Week | PairCorr |
| 0.31 | TOYOF | Toyota Motor Corp Earnings Call This Week | PairCorr |
| 0.55 | BTI | British American Tobacco Earnings Call This Week | PairCorr |
| 0.54 | NTDOY | Nintendo Co ADR Earnings Call This Week | PairCorr |
| 0.52 | AYYLF | Ayala | PairCorr |
| 0.51 | DAVA | Endava | PairCorr |
| 0.5 | JOBY | Joby Aviation | PairCorr |
| 0.49 | VUZI | Vuzix Corp Cmn Upward Rally | PairCorr |
| 0.49 | ADTN | ADTRAN Inc Buyout Trend | PairCorr |
| 0.46 | GILT | Gilat Satellite Networks | PairCorr |
| 0.45 | AZPN | Aspen Technology | PairCorr |
| 0.4 | MSTR | MicroStrategy Incorporated Earnings Call This Week | PairCorr |
| 0.33 | FRSX | Foresight Autonomous | PairCorr |
| 0.33 | SMID | Smith Midland Corp | PairCorr |
Related Correlations Analysis
| 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
|
Risk-Adjusted Indicators
There is a big difference between Aston Pink Sheet performing well and Aston Martin 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 Aston Martin'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PSNYW | 5.31 | 0.36 | 0.04 | 0.22 | 6.15 | 7.14 | 110.57 | |||
| GELYY | 2.11 | 0.06 | 0.01 | 0.19 | 2.41 | 4.87 | 13.32 | |||
| MBGYY | 1.29 | (0.01) | (0.04) | (5.42) | 2.14 | 2.68 | 10.20 | |||
| POAHY | 1.24 | (0.14) | 0.00 | (0.82) | 0.00 | 2.27 | 9.30 | |||
| GELYF | 2.06 | (0.04) | (0.03) | (0.02) | 2.36 | 5.11 | 12.36 | |||
| ARGGY | 2.21 | (0.07) | 0.00 | (0.02) | 0.00 | 4.83 | 11.95 | |||
| GWLLF | 1.95 | (0.14) | 0.00 | 1.41 | 0.00 | 3.01 | 25.28 | |||
| GNZUF | 3.69 | 0.01 | 0.01 | 0.08 | 4.36 | 10.53 | 45.71 | |||
| FHYDF | 3.35 | (0.05) | 0.00 | 0.49 | 0.00 | 8.33 | 28.53 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Aston Martin 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.Did you try this?
Run Bond Analysis Now
Bond AnalysisEvaluate and analyze corporate bonds as a potential investment for your portfolios. |
| All Next | Launch Module |
Aston Martin Corporate Management
| Michael Straughan | Chief Officer | Profile | |
| Kevin Watters | Director Communications | Profile | |
| Simon Smith | Chief Officer | Profile | |
| Amedeo Felisa | CEO Director | Profile | |
| Charlotte Cowley | Director Relations | Profile | |
| Roberto Fedeli | Chief Officer | Profile | |
| Lawrence Stroll | Ex Chairman | Profile |