Amprius Technologies Correlations

AMPX Stock

USD 1.98 0.05 2.59%

The current 90-days correlation between Amprius Technologies and Eos Energy Enterprises is 0.19 (i.e., Average diversification). The correlation of Amprius Technologies 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.

Amprius Technologies Correlation With Market

Weak diversification

The correlation between Amprius Technologies and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amprius Technologies and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amprius Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For more information on how to buy Amprius Stock please use our How to Invest in Amprius Technologies guide.

Moving together with Amprius Stock

0.78	AYI	Acuity Brands	Pair Corr
0.82	EAF	GrafTech International	Pair Corr
0.62	ESP	Espey Mfg Electronics	Pair Corr
0.76	FREY	FREYR Battery SA Buyout Trend	Pair Corr
0.75	NVT	nVent Electric PLC	Pair Corr
0.67	NVX	Novonix Ltd ADR	Pair Corr
0.8	VRT	Vertiv Holdings	Pair Corr
0.69	HAYW	Hayward Holdings	Pair Corr
0.63	HUBB	Hubbell	Pair Corr
0.88	NEOVW	NeoVolta Warrant	Pair Corr
0.68	LTBR	Lightbridge Corp	Pair Corr
0.76	NEOV	NeoVolta Common Stock	Pair Corr
0.87	PLPC	Preformed Line Products	Pair Corr

Moving against Amprius Stock

0.91	FCEL	FuelCell Energy Fiscal Year End 17th of December 2024	Pair Corr
0.74	EPOW	Sunrise New Energy	Pair Corr
0.69	FLUX	Flux Power Holdings	Pair Corr
0.78	WBX	Wallbox NV	Pair Corr
0.73	LSCG	Lighting Science	Pair Corr
0.61	XPON	Expion360	Pair Corr
0.5	IPWR	Ideal Power Upward Rally	Pair Corr
0.44	EOSEW	Eos Energy Enterprises	Pair Corr
0.41	HOKUQ	Hoku	Pair Corr
0.32	SVT	Servotronics	Pair Corr
0.57	OPTT	Ocean Power Technologies	Pair Corr

Related Correlations Analysis

	EOSE	FREY	MVST	DFLI	SLDP	XPON	ENVX	BE	PLUG
EOSE		-0.48	-0.52	0.33	-0.03	-0.44	0.69	-0.43	0.54	EOSE
FREY	-0.48		0.65	-0.54	-0.6	-0.34	-0.3	0.77	-0.24	FREY
MVST	-0.52	0.65		-0.49	-0.4	-0.15	-0.32	0.74	-0.23	MVST
DFLI	0.33	-0.54	-0.49		0.5	0.15	0.39	-0.72	0.25	DFLI
SLDP	-0.03	-0.6	-0.4	0.5		0.73	0.15	-0.55	0.12	SLDP
XPON	-0.44	-0.34	-0.15	0.15	0.73		-0.4	-0.31	-0.17	XPON
ENVX	0.69	-0.3	-0.32	0.39	0.15	-0.4		-0.26	0.44	ENVX
BE	-0.43	0.77	0.74	-0.72	-0.55	-0.31	-0.26		-0.23	BE
PLUG	0.54	-0.24	-0.23	0.25	0.12	-0.17	0.44	-0.23		PLUG
	EOSE	FREY	MVST	DFLI	SLDP	XPON	ENVX	BE	PLUG

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

BE	+ 0.77	FREY
BE	+ 0.74	MVST
XPON	+ 0.73	SLDP
ENVX	+ 0.69	EOSE
MVST	+ 0.65	FREY
PLUG	+ 0.54	EOSE

High negative correlations

BE	- 0.72	DFLI
SLDP	- 0.6	FREY
BE	- 0.55	SLDP
DFLI	- 0.54	FREY
MVST	- 0.52	EOSE
DFLI	- 0.49	MVST

Risk-Adjusted Indicators

There is a big difference between Amprius Stock performing well and Amprius Technologies 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 Amprius Technologies' 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
EOSE	4.65	0.29	0.03	(0.96)	5.12	(5.96)	10.09	(7.87)	46.30
FREY	5.60	0.68	0.24	0.19	4.73	(6.99)	13.17	(8.70)	79.43
MVST	12.25	3.98	0.50	2.08	5.54	(26.40)	12.50	(10.71)	358.33
DFLI	3.45	(0.71)	0.00	(0.80)	0.00	0.00	7.69	(6.78)	36.71
SLDP	2.51	(0.58)	0.00	(0.26)	0.00	0.00	6.60	(6.19)	19.18
XPON	9.76	(0.72)	0.00	(0.90)	0.00	0.00	29.64	(24.64)	74.33
ENVX	4.31	(0.37)	0.00	(0.02)	0.00	0.00	9.59	(8.14)	34.07
BE	4.47	1.36	0.36	4.24	2.93	(6.15)	7.90	(4.95)	55.07
PLUG	4.33	(0.01)	0.00	0.11	0.00	0.00	9.80	(6.91)	41.92

Amprius Technologies Corporate Management

Constantin Stefan	Chief Officer	Profile
Jonathan Bornstein	Chief Officer	Profile
Sandra Wallach	Chief Officer	Profile
Siyu Jiang	Vice Affairs	Profile
Scott Zafiropoulo	Senior Marketing	Profile
Aaron Bakke	Vice Operations	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC