AMA Group Correlations

AMGRF Stock

USD 0.50 0.01 1.96%

The current 90-days correlation between AMA Group Limited and ElringKlinger AG is 0.01 (i.e., Significant 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

Pay attention - limited upside

The correlation between AMA Group Limited and DJI is -0.79 (i.e., Pay attention - limited upside) 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.

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

0.61	BRDCF	Bridgestone Trending	Pair Corr
0.72	FNMFO	Federal National Mortgage	Pair Corr
0.81	HPQ	HP Inc	Pair Corr

Moving against AMA Pink Sheet

0.83	MGA	Magna International	Pair Corr
0.79	MRK	Merck Company Aggressive Push	Pair Corr
0.74	CTTAY	Continental AG PK	Pair Corr
0.7	CTTAF	Continental Aktiengesellscha	Pair Corr
0.7	BCH	Banco De Chile	Pair Corr
0.68	WF	Woori Financial Group	Pair Corr
0.64	DNZOY	Denso Corp ADR	Pair Corr
0.61	BAC-PL	Bank of America	Pair Corr
0.52	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.48	PTAIY	Astra International Tbk Downward Rally	Pair Corr
0.47	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.45	AVAL	Grupo Aval	Pair Corr
0.44	DNZOF	DENSO	Pair Corr
0.39	WFC-PL	Wells Fargo	Pair Corr
0.91	AA	Alcoa Corp	Pair Corr
0.76	DD	Dupont De Nemours Earnings Call Tomorrow	Pair Corr
0.67	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.65	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.65	JNJ	Johnson Johnson	Pair Corr
0.55	DIS	Walt Disney	Pair Corr
0.37	JPM	JPMorgan Chase	Pair Corr
0.36	HD	Home Depot	Pair Corr
0.35	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	ELLRY	NMAKF	CMEIF	UFMG	EHGRF	CBDBY	SAEOF	IOCJY	CDGXF
ELLRY		0.21	-0.28	0.0	0.35	0.04	0.0	0.27	0.43	ELLRY
NMAKF	0.21		-0.91	0.0	0.8	0.07	0.0	0.45	0.2	NMAKF
CMEIF	-0.28	-0.91		0.0	-0.88	-0.17	0.0	-0.52	-0.22	CMEIF
UFMG	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	UFMG
EHGRF	0.35	0.8	-0.88	0.0		0.28	0.0	0.58	0.21	EHGRF
CBDBY	0.04	0.07	-0.17	0.0	0.28		0.0	0.32	-0.17	CBDBY
SAEOF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	SAEOF
IOCJY	0.27	0.45	-0.52	0.0	0.58	0.32	0.0		0.14	IOCJY
CDGXF	0.43	0.2	-0.22	0.0	0.21	-0.17	0.0	0.14		CDGXF
	ELLRY	NMAKF	CMEIF	UFMG	EHGRF	CBDBY	SAEOF	IOCJY	CDGXF

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

EHGRF	+ 0.8	NMAKF
IOCJY	+ 0.58	EHGRF
IOCJY	+ 0.45	NMAKF
CDGXF	+ 0.43	ELLRY
EHGRF	+ 0.35	ELLRY
IOCJY	+ 0.32	CBDBY

High negative correlations

CMEIF	- 0.91	NMAKF
EHGRF	- 0.88	CMEIF
IOCJY	- 0.52	CMEIF
CMEIF	- 0.28	ELLRY
CDGXF	- 0.22	CMEIF
CDGXF	- 0.17	CBDBY

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
ELLRY	0.20	0.06	(0.55)	0.00	0.00	6.67
NMAKF	0.14	0.05	0.58	0.00	0.00	4.76
CMEIF	1.07	(0.57)	(3.72)	0.00	0.00	36.00
UFMG	0.00	0.00	0.00	0.00	0.00	0.00
EHGRF	3.61	1.70	4.99	0.00	0.00	70.19
CBDBY	3.37	0.09	0.02	7.81	(8.33)	25.18
SAEOF	0.00	0.00	0.00	0.00	0.00	0.00
IOCJY	0.46	0.04	(0.05)	0.00	0.00	25.10
CDGXF	37.44	12.48	(3.00)	102.99	(56.65)	140.89

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.

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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

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