Amgen CDR Correlations
| AMGN Stock | 27.85 0.30 1.09% |
The current 90-days correlation between Amgen CDR and Information Services is -0.09 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amgen CDR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amgen CDR moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Amgen CDR Correlation With Market
Very good diversification
The correlation between Amgen CDR and DJI is -0.39 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amgen CDR and DJI in the same portfolio, assuming nothing else is changed.
Amgen |
The ability to find closely correlated positions to Amgen CDR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amgen CDR 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 Amgen CDR - 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 Amgen CDR to buy it.
Moving against Amgen Stock
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| 0.51 | GMA | Geomega Resources | PairCorr |
| 0.47 | LLY | Eli Lilly | PairCorr |
| 0.47 | KYS-H | Kaymus Resources | PairCorr |
| 0.44 | DC-A | Dundee | PairCorr |
| 0.35 | JNJ | Johnson Johnson CDR | PairCorr |
| 0.34 | MRK | Merck | PairCorr |
| 0.32 | GIL | Gildan Activewear | PairCorr |
| 0.58 | HSTR | Heliostar Metals | PairCorr |
| 0.55 | PJX | PJX Resources | PairCorr |
| 0.46 | GPCC-P | Green Panda Capital | PairCorr |
| 0.46 | WAST | Waste Management, | PairCorr |
| 0.38 | LIRC | Lithium Royalty Corp | PairCorr |
| 0.36 | DNG | Dynacor Gold Mines | PairCorr |
| 0.34 | GMG | Graphene Manufacturing | PairCorr |
| 0.34 | CYBN | Cybin Inc | PairCorr |
| 0.34 | BCE-PT | Bce Inc Pref | PairCorr |
| 0.32 | LEXI | Lithium Energi Explo | PairCorr |
Related Correlations Analysis
| 0.68 | 0.65 | 0.73 | 0.54 | 0.51 | 0.58 | MFI | ||
| 0.68 | 0.88 | 0.77 | 0.42 | 0.54 | 0.51 | NIM | ||
| 0.65 | 0.88 | 0.84 | 0.46 | 0.7 | 0.71 | CS | ||
| 0.73 | 0.77 | 0.84 | 0.63 | 0.71 | 0.67 | MTY | ||
| 0.54 | 0.42 | 0.46 | 0.63 | 0.45 | 0.53 | RGSI | ||
| 0.51 | 0.54 | 0.7 | 0.71 | 0.45 | 0.76 | VZLA | ||
| 0.58 | 0.51 | 0.71 | 0.67 | 0.53 | 0.76 | ISC | ||
Risk-Adjusted Indicators
There is a big difference between Amgen Stock performing well and Amgen CDR 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 Amgen CDR'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MFI | 1.12 | 0.05 | 0.00 | (0.22) | 1.52 | 2.43 | 5.97 | |||
| NIM | 3.02 | 0.36 | 0.08 | 1.45 | 3.45 | 10.87 | 28.32 | |||
| CS | 2.57 | 0.30 | 0.08 | 0.28 | 3.42 | 7.47 | 18.20 | |||
| MTY | 1.37 | 0.36 | 0.19 | 0.51 | 1.44 | 3.97 | 21.02 | |||
| RGSI | 1.48 | 0.24 | 0.15 | 0.73 | 1.26 | 3.16 | 9.73 | |||
| VZLA | 3.32 | 0.10 | 0.02 | 0.11 | 5.58 | 7.68 | 27.83 | |||
| ISC | 1.55 | 0.32 | 0.23 | 0.89 | 0.99 | 3.05 | 19.89 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Amgen CDR 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?
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Amgen CDR Corporate Management
Elected by the shareholders, the Amgen CDR's board of directors comprises two types of representatives: Amgen CDR inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Amgen. The board's role is to monitor Amgen CDR's management team and ensure that shareholders' interests are well served. Amgen CDR's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Amgen CDR's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Murdo Gordon | Executive Operations | Profile | |
| Mr MD | Senior Officer | Profile | |
| James MD | Executive Development | Profile | |
| Esteban Santos | Executive Operations | Profile | |
| Matthew Busch | Chief Finance | Profile |