AmmPower Corp Correlations

AMMPF Stock

USD 0.01 0 13.58%

The correlation of AmmPower Corp 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.

AmmPower Corp Correlation With Market

Good diversification

The correlation between AmmPower Corp and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AmmPower Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to AmmPower Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AmmPower Corp 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 AmmPower Corp - 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 AmmPower Corp to buy it.

Moving together with AmmPower OTC Stock

0.76	PG	Procter Gamble	Pair Corr
0.63	HPQ	HP Inc	Pair Corr

Moving against AmmPower OTC Stock

0.86	PPERF	Bank Mandiri Persero	Pair Corr
0.8	PPERY	Bank Mandiri Persero	Pair Corr
0.78	KGC	Kinross Gold	Pair Corr
0.77	AU	AngloGold Ashanti plc	Pair Corr
0.73	NEM	Newmont Goldcorp Corp	Pair Corr
0.69	PTAIY	Astra International Tbk	Pair Corr
0.66	WPM	Wheaton Precious Metals	Pair Corr
0.64	TLK	Telkom Indonesia Tbk	Pair Corr
0.63	TRV	The Travelers Companies	Pair Corr
0.61	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.56	GOLD	Gold Inc Symbol Change	Pair Corr
0.51	GFI	Gold Fields	Pair Corr
0.4	ZIJMY	Zijin Mining Group	Pair Corr
0.37	EC	Ecopetrol SA ADR	Pair Corr
0.35	AEM	Agnico Eagle Mines	Pair Corr
0.31	ZIJMF	Zijin Mining Group	Pair Corr
0.9	AA	Alcoa Corp	Pair Corr
0.84	JNJ	Johnson Johnson	Pair Corr
0.81	BAC	Bank of America	Pair Corr
0.8	WMT	Walmart Common Stock Sell-off Trend	Pair Corr
0.78	CSCO	Cisco Systems	Pair Corr
0.73	CAT	Caterpillar	Pair Corr
0.73	AXP	American Express	Pair Corr
0.71	MCD	McDonalds	Pair Corr
0.7	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.65	JPM	JPMorgan Chase	Pair Corr

Related Correlations Analysis

	GFKRF	CQRLF	BTKRF	TRGGF	PCIMF	BGFGF	WGMCF	ARBTF	TGLDF	LNCLF
GFKRF		0.0	0.0	0.0	0.0	-1.0	0.0	0.0	0.0	1.0	GFKRF
CQRLF	0.0		0.29	-0.27	-0.63	0.0	-0.24	-0.12	-0.23	0.0	CQRLF
BTKRF	0.0	0.29		-0.05	0.07	0.0	-0.17	0.28	-0.28	0.0	BTKRF
TRGGF	0.0	-0.27	-0.05		0.14	0.0	-0.19	0.0	0.17	0.0	TRGGF
PCIMF	0.0	-0.63	0.07	0.14		0.0	0.14	0.32	0.23	0.0	PCIMF
BGFGF	-1.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	-1.0	BGFGF
WGMCF	0.0	-0.24	-0.17	-0.19	0.14	0.0		0.14	-0.18	0.0	WGMCF
ARBTF	0.0	-0.12	0.28	0.0	0.32	0.0	0.14		0.1	0.0	ARBTF
TGLDF	0.0	-0.23	-0.28	0.17	0.23	0.0	-0.18	0.1		0.0	TGLDF
LNCLF	1.0	0.0	0.0	0.0	0.0	-1.0	0.0	0.0	0.0		LNCLF
	GFKRF	CQRLF	BTKRF	TRGGF	PCIMF	BGFGF	WGMCF	ARBTF	TGLDF	LNCLF

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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

LNCLF	+ 1.0	GFKRF
ARBTF	+ 0.32	PCIMF
BTKRF	+ 0.29	CQRLF
ARBTF	+ 0.28	BTKRF
TGLDF	+ 0.23	PCIMF
TGLDF	+ 0.17	TRGGF

High negative correlations

LNCLF	- 1.0	BGFGF
BGFGF	- 1.0	GFKRF
PCIMF	- 0.63	CQRLF
TGLDF	- 0.28	BTKRF
TRGGF	- 0.27	CQRLF
WGMCF	- 0.24	CQRLF

Risk-Adjusted Indicators

There is a big difference between AmmPower OTC Stock performing well and AmmPower Corp OTC Stock 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 AmmPower Corp'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
GFKRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CQRLF	5.50	1.43	0.06	(0.41)	6.21	(23.88)	16.67	(16.44)	87.87
BTKRF	4.12	0.18	0.02	0.15	5.97	(11.63)	15.40	(14.77)	52.94
TRGGF	2.75	0.02	0.00	0.12	4.39	(10.15)	8.33	(11.11)	35.90
PCIMF	22.20	9.48	0.00	1.17	0.00	0.00	0.00	0.00	708.33
BGFGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WGMCF	28.41	8.38	0.16	0.91	18.83	(142.86)	100.00	(50.00)	460.00
ARBTF	4.85	0.41	0.03	(0.36)	5.84	(11.04)	20.25	(12.08)	47.31
TGLDF	4.17	0.31	0.02	(0.12)	4.58	(9.40)	12.50	(8.70)	32.80
LNCLF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in AmmPower Corp 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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AmmPower Corp Corporate Management

Elected by the shareholders, the AmmPower Corp's board of directors comprises two types of representatives: AmmPower Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of AmmPower. The board's role is to monitor AmmPower Corp's management team and ensure that shareholders' interests are well served. AmmPower Corp'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, AmmPower Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.

Christopher Lilla	CFO Director	Profile
Rene Bharti	Pres Director	Profile
Luisa Moreno	VP Relations	Profile
Geoffrey Balderson	Co Sec	Profile
Zhenyu Zhang	Chief Technologist	Profile
Gary Benninger	CEO Chairman	Profile

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