AMP Correlations
| AMLTFDelisted Stock | USD 0.72 0.00 0.00% |
The current 90-days correlation between AMP and Voya Financial is -0.03 (i.e., Good diversification). The correlation of AMP 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.
AMP Correlation With Market
Good diversification
The correlation between AMP and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AMP and DJI in the same portfolio, assuming nothing else is changed.
AMP |
The ability to find closely correlated positions to AMP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AMP 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 AMP - 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 AMP to buy it.
Moving together with AMP Pink Sheet
| 0.62 | BX | Blackstone Group Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.78 | BLK | BlackRock Fiscal Year End 10th of January 2025 | PairCorr |
| 0.7 | APO | Apollo Global Management | PairCorr |
| 0.74 | BK | Bank of New York Fiscal Year End 10th of January 2025 | PairCorr |
| 0.67 | AMP | Ameriprise Financial Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.82 | ARES | Ares Management LP | PairCorr |
| 0.67 | HNHPF | Hon Hai Precision | PairCorr |
| 0.64 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.69 | HPQ | HP Inc | PairCorr |
| 0.67 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.89 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.82 | HD | Home Depot | PairCorr |
| 0.8 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.67 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
Moving against AMP Pink Sheet
| 0.68 | BAMGF | Brookfield Asset Man | PairCorr |
| 0.46 | DPSTF | Deutsche Post AG | PairCorr |
| 0.45 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.43 | VLKAF | Volkswagen AG | PairCorr |
| 0.43 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.41 | VWAPY | Volkswagen AG Pref | PairCorr |
| 0.67 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.59 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
Related Correlations Analysis
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AMP Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with AMP pink sheet to make a market-neutral strategy. Peer analysis of AMP could also be used in its relative valuation, which is a method of valuing AMP by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
AMP Corporate Management
| Felicia Trewin | Chief Officer | Profile | |
| Rebecca Nash | Chief Officer | Profile | |
| Anna Shelley | Chief Officer | Profile | |
| BCom BCom | Group Sec | Profile | |
| BS MBA | Chief Capital | Profile | |
| Scott BBA | Chief Management | Profile | |
| James CA | Chief Officer | Profile |
Still Interested in AMP?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.