AMP Correlations
| AMLTF Stock | USD 0.90 0.00 0.00% |
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
Very good diversification
The correlation between AMP and DJI is -0.22 (i.e., Very 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
Moving against AMP Pink Sheet
| 0.57 | DD | Dupont De Nemours | PairCorr |
| 0.55 | APO | Apollo Global Management | PairCorr |
| 0.51 | CNOB | ConnectOne Bancorp Earnings Call This Week | PairCorr |
| 0.5 | BKKLY | Bangkok Bank PCL | PairCorr |
| 0.47 | DCI | Donaldson | PairCorr |
| 0.46 | BK | Bank of New York | PairCorr |
| 0.45 | ARES | Ares Management LP | PairCorr |
| 0.44 | IVSXF | Investor AB | PairCorr |
| 0.38 | MARUF | Marubeni | PairCorr |
| 0.32 | IVSBF | Investor AB ser | PairCorr |
| 0.74 | MRK | Merck Company Earnings Call This Week | PairCorr |
| 0.67 | TRV | The Travelers Companies | PairCorr |
| 0.61 | PFE | Pfizer Inc Earnings Call This Week | PairCorr |
| 0.6 | VZ | Verizon Communications Earnings Call This Week | PairCorr |
| 0.55 | WMT | Walmart Common Stock Sell-off Trend | PairCorr |
| 0.48 | MCD | McDonalds | PairCorr |
| 0.42 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.39 | CAT | Caterpillar Earnings Call This Week | PairCorr |
| 0.33 | XOM | Exxon Mobil Corp Earnings Call This Week | PairCorr |
Related Correlations Analysis
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 AMP Pink Sheet performing well and AMP 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 AMP'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CFNCF | 0.09 | (0.06) | 0.00 | (1.43) | 0.00 | 0.00 | 2.87 | |||
| BKQNY | 0.56 | 0.07 | 0.00 | (0.12) | 0.00 | 2.64 | 10.68 | |||
| MAUSY | 0.31 | 0.13 | 0.00 | (0.39) | 0.00 | 0.00 | 10.51 | |||
| MCHB | 1.51 | 0.06 | 0.04 | 0.13 | 1.57 | 3.86 | 8.13 | |||
| CFIGY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AFSIB | 0.70 | 0.01 | 0.00 | 0.06 | 0.00 | 2.40 | 10.04 | |||
| AFSIN | 1.71 | 0.02 | (0.01) | (0.13) | 3.50 | 4.85 | 39.17 | |||
| MNGPF | 0.50 | 0.11 | 0.00 | 0.41 | 0.00 | 1.48 | 9.35 | |||
| AFSIP | 1.15 | 0.08 | 0.00 | (0.25) | 1.72 | 4.05 | 14.05 | |||
| RTBBF | 0.49 | 0.21 | 0.00 | 0.53 | 0.00 | 0.00 | 16.41 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in AMP 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 Bollinger Bands Now
Bollinger BandsUse Bollinger Bands indicator to analyze target price for a given investing horizon |
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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 |