Ambertech Correlations

AMO Stock

0.14 0.02 12.50%

The current 90-days correlation between Ambertech and Rural Funds Group is 0.09 (i.e., Significant diversification). The correlation of Ambertech 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Ambertech Correlation With Market

Pay attention - limited upside

The correlation between Ambertech and DJI is -0.71 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ambertech and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Ambertech Stock

0.64	ATM	Aneka Tambang TBK	Pair Corr
0.72	CBA	Commonwealth Bank	Pair Corr

Moving against Ambertech Stock

0.78	SS1	Sun Silver	Pair Corr
0.76	RIO	RIO Tinto	Pair Corr
0.75	MQGPD	Macquarie Group	Pair Corr
0.61	BHP	BHP Group	Pair Corr
0.58	CTM	Centaurus Metals	Pair Corr
0.55	MTB	Mount Burgess Mining	Pair Corr
0.37	STK	Strickland Metals	Pair Corr

Related Correlations Analysis

	ARG	CPU	RFF	FSI	RFG	RF1	QUE	HT8
ARG		0.19	0.29	0.13	-0.49	0.38	0.27	-0.3	ARG
CPU	0.19		-0.59	0.77	-0.6	-0.53	0.69	0.42	CPU
RFF	0.29	-0.59		-0.77	0.32	0.82	-0.36	-0.47	RFF
FSI	0.13	0.77	-0.77		-0.66	-0.63	0.66	0.4	FSI
RFG	-0.49	-0.6	0.32	-0.66		0.22	-0.62	-0.14	RFG
RF1	0.38	-0.53	0.82	-0.63	0.22		-0.32	-0.72	RF1
QUE	0.27	0.69	-0.36	0.66	-0.62	-0.32		0.38	QUE
HT8	-0.3	0.42	-0.47	0.4	-0.14	-0.72	0.38		HT8
	ARG	CPU	RFF	FSI	RFG	RF1	QUE	HT8

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

RF1	+ 0.82	RFF
FSI	+ 0.77	CPU
QUE	+ 0.69	CPU
QUE	+ 0.66	FSI
HT8	+ 0.42	CPU
HT8	+ 0.4	FSI

High negative correlations

FSI	- 0.77	RFF
HT8	- 0.72	RF1
RFG	- 0.66	FSI
RF1	- 0.63	FSI
QUE	- 0.62	RFG
RFG	- 0.6	CPU

Risk-Adjusted Indicators

There is a big difference between Ambertech Stock performing well and Ambertech 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 Ambertech'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
ARG	0.41	0.00	0.00	0.00	0.00	0.00	0.89	(0.88)	2.33
CPU	0.84	(0.11)	0.00	0.65	0.00	0.00	1.82	(2.42)	5.91
RFF	0.83	0.07	0.01	0.27	1.04	(1.01)	1.95	(1.94)	6.07
FSI	1.17	(0.09)	0.00	(0.64)	0.00	0.00	4.52	(2.75)	15.79
RFG	1.85	0.35	0.11	(0.63)	1.76	(2.43)	5.07	(3.85)	14.43
RF1	0.84	0.19	0.11	(6.87)	0.79	(1.06)	2.56	(1.26)	5.34
QUE	0.46	(0.13)	0.00	1.05	0.00	0.00	0.00	0.00	19.99
HT8	1.83	(0.04)	0.00	0.13	0.00	0.00	10.00	(9.09)	21.11

Be your own money manager

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

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

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