AMA Group Correlations
| AMGRF Stock | USD 0.05 0.00 0.00% |
The current 90-days correlation between AMA Group Limited and OppFi Inc is -0.03 (i.e., Good diversification). The correlation of AMA Group 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.
AMA Group Correlation With Market
Significant diversification
The correlation between AMA Group Limited and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AMA Group Limited and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to AMA Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AMA Group 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 AMA Group - 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 AMA Group Limited to buy it.
Moving together with AMA Pink Sheet
| 0.72 | PTAIF | PT Astra International | PairCorr |
| 0.67 | MBLY | Mobileye Global Class Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.71 | JXN-PA | Jackson Financial | PairCorr |
| 0.84 | MET | MetLife Sell-off Trend | PairCorr |
| 0.63 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.87 | HD | Home Depot | PairCorr |
| 0.84 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.77 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.79 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.81 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.82 | WMT | Walmart Aggressive Push | PairCorr |
| 0.81 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.74 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
Moving against AMA Pink Sheet
| 0.59 | TCHH | Trustcash Holdings | PairCorr |
| 0.59 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.57 | VFSWW | VinFast Auto | PairCorr |
| 0.52 | EC | Ecopetrol SA ADR Sell-off Trend | PairCorr |
| 0.52 | HYMTF | Hyundai Motor | PairCorr |
| 0.5 | BRDCY | Bridgestone Corp ADR | PairCorr |
| 0.46 | SHG | Shinhan Financial | PairCorr |
| 0.44 | BRDCF | Bridgestone | PairCorr |
| 0.65 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.62 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.58 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.57 | KO | Coca Cola Aggressive Push | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between AMA Pink Sheet performing well and AMA Group 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 AMA Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OPFI | 3.24 | 0.73 | 0.26 | 0.50 | 2.95 | 6.73 | 27.83 | |||
| FTNT | 1.37 | 0.24 | 0.15 | 0.37 | 1.17 | 3.57 | 13.48 | |||
| BREA | 5.42 | 0.37 | 0.07 | 0.47 | 4.79 | 13.89 | 56.83 | |||
| MET | 1.01 | 0.06 | 0.07 | 0.17 | 1.34 | 2.31 | 9.20 | |||
| JXN-PA | 0.41 | 0.05 | (0.12) | 0.85 | 0.41 | 1.03 | 2.56 | |||
| CAT | 1.32 | 0.01 | 0.07 | 0.13 | 1.35 | 3.36 | 12.38 | |||
| AXP | 1.23 | 0.05 | 0.10 | 0.16 | 1.11 | 2.83 | 9.79 | |||
| T | 0.92 | 0.26 | 0.12 | (7.83) | 0.86 | 2.56 | 6.47 | |||
| PG | 0.72 | 0.10 | (0.04) | (1.05) | 0.77 | 1.74 | 4.66 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in AMA Group 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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AMA Group Corporate Management
| Alexandra Holston | Director Affairs | Profile | |
| Bus FCIS | Company Sec | Profile | |
| Geoff Trumbull | Group Officer | Profile | |
| Carl Bizon | Group Director | Profile | |
| Janelle Leonard | Group Officer | Profile | |
| Matthew Cooper | Group Officer | Profile | |
| Andrew Mair | Group Officer | Profile |