AmmPower Corp Correlations

AMMPF Stock  USD 0.01  0.0009  10.11%   
The current 90-days correlation between AmmPower Corp and Lincoln Gold Mining is 0.01 (i.e., Significant diversification). 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

Pay attention - limited upside

The correlation between AmmPower Corp and DJI is -0.78 (i.e., Pay attention - limited upside) 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

  0.9TRNR Interactive StrengthPairCorr
  0.85APVO Aptevo Therapeutics Downward RallyPairCorr
  0.72HPQ HP IncPairCorr
  0.78MSFT Microsoft Earnings Call TodayPairCorr
  0.63T ATT Inc Earnings Call TodayPairCorr

Moving against AmmPower OTC Stock

  0.82WPM Wheaton Precious MetalsPairCorr
  0.81NEM Newmont Goldcorp Corp Aggressive PushPairCorr
  0.81AU AngloGold Ashanti plcPairCorr
  0.81DCI DonaldsonPairCorr
  0.79KGC Kinross GoldPairCorr
  0.79MARUF Marubeni Earnings Call This WeekPairCorr
  0.75GFI Gold FieldsPairCorr
  0.74WNC Wabash National Earnings Call This WeekPairCorr
  0.72ZIJMY Zijin Mining GroupPairCorr
  0.69ZIJMF Zijin Mining GroupPairCorr
  0.69GOLD Gold Inc Symbol ChangePairCorr
  0.66AEM Agnico Eagle MinesPairCorr
  0.47CYCC CYCC Old Symbol ChangePairCorr
  0.42SSRM SSR MiningPairCorr
  0.87AA Alcoa CorpPairCorr
  0.84WMT Walmart Common StockPairCorr
  0.82JNJ Johnson JohnsonPairCorr
  0.81DD Dupont De NemoursPairCorr
  0.61BA BoeingPairCorr
  0.51JPM JPMorgan ChasePairCorr
  0.51MCD McDonaldsPairCorr
  0.5AXP American Express Earnings Call This WeekPairCorr
  0.44INTC IntelPairCorr
  0.38CVX Chevron Corp Earnings Call This WeekPairCorr
  0.33DIS Walt Disney Earnings Call This WeekPairCorr
  0.32TRV The Travelers Companies Sell-off TrendPairCorr

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

LNCLFARBTF
ARBTFTRGGF
LNCLFTGLDF
LNCLFTRGGF
BTKRFCQRLF
LNCLFBTKRF
  

High negative correlations

BGFGFGFKRF
PCIMFCQRLF
WGMCFCQRLF
LNCLFPCIMF
WGMCFBTKRF
ARBTFPCIMF

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GFKRF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
CQRLF  6.32  1.80  0.09 (4.84) 6.21 
 16.67 
 103.27 
BTKRF  4.87  0.62  0.06  0.90  5.95 
 15.40 
 52.94 
TRGGF  5.37  1.39  0.11  9.13  4.87 
 19.05 
 52.50 
PCIMF  22.20  9.42  0.00  1.30  0.00 
 0.00 
 708.33 
BGFGF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
WGMCF  25.92  6.89  0.13  0.97  18.71 
 100.00 
 460.00 
ARBTF  6.36  1.38  0.15  1.51  5.59 
 22.93 
 47.31 
TGLDF  8.45  2.25  0.12 (0.46) 9.05 
 14.29 
 200.39 
LNCLF  1.74  0.86  0.00  5.56  0.00 
 0.00 
 58.33 

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.