Amrize Correlations

AMRZ Stock

55.75 0.10 0.18%

The current 90-days correlation between Amrize and Kinross Gold is 0.1 (i.e., Average diversification). The correlation of Amrize 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.

Amrize Correlation With Market

Very weak diversification

The correlation between Amrize and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amrize and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Amrize Stock

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

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

Moving together with Amrize Stock

0.87	CX	Cemex SAB de Aggressive Push	Pair Corr
0.61	688119	Sinosteel Luonai Mat	Pair Corr
0.65	SRC	Sigmaroc PLC	Pair Corr
0.82	CRH	CRH PLC ADR	Pair Corr
0.68	600801	Huaxin Cement	Pair Corr
0.73	002596	Hainan RuiZe New	Pair Corr
0.8	605086	Longyan Kaolin Clay	Pair Corr
0.62	WGN	Wagners Holding	Pair Corr
0.75	LOMA	Loma Negra Compania	Pair Corr
0.85	CRH	CRH PLC	Pair Corr
0.61	MSLH	Marshalls PLC	Pair Corr
0.86	002066	Ruitai Materials Tec	Pair Corr
0.68	FBU	Fletcher Building	Pair Corr

Moving against Amrize Stock

0.88	300344	Cubic Digital Technology	Pair Corr
0.8	INHD	Inno Holdings Common Buyout Trend	Pair Corr
0.76	300135	Jiangsu Baoli Asphalt	Pair Corr
0.75	002302	China West Construction	Pair Corr
0.74	000789	Jiangxi Wannianqing	Pair Corr
0.63	600425	Xinjiang Qingsong	Pair Corr
0.61	900918	Shanghai Yaohua Pilk	Pair Corr
0.55	601992	BBMG Corp Class	Pair Corr
0.52	300234	Zhejiang Kaier New	Pair Corr
0.49	000012	CSG Holding	Pair Corr
0.48	002377	Hubei Guochuang Hi	Pair Corr
0.35	605122	Chongqing Sifang New	Pair Corr
0.31	600881	Jilin Yatai Group	Pair Corr
0.8	000877	Xinjiang Tianshan Cement	Pair Corr
0.8	000401	Tangshan Jidong Cement	Pair Corr
0.78	600585	Anhui Conch Cement	Pair Corr
0.76	ADVWW	Advantage Solutions	Pair Corr
0.65	600449	Ningxia Building Mat	Pair Corr
0.63	RETO	ReTo Eco Solutions	Pair Corr
0.63	000885	City Development Env	Pair Corr
0.57	200012	CSG Holding	Pair Corr
0.55	003037	Guangdong Sanhe Pile	Pair Corr

Related Correlations Analysis

	KGC	NTR	MT	MLM	VMC	STLD	NUE	TECK	AU	GFI
KGC		0.74	0.86	0.38	0.04	0.7	0.69	0.65	0.93	0.86	KGC
NTR	0.74		0.67	0.53	0.27	0.45	0.43	0.63	0.65	0.77	NTR
MT	0.86	0.67		0.25	-0.15	0.91	0.89	0.55	0.87	0.61	MT
MLM	0.38	0.53	0.25		0.75	0.11	0.03	0.71	0.17	0.57	MLM
VMC	0.04	0.27	-0.15	0.75		-0.36	-0.34	0.4	-0.13	0.32	VMC
STLD	0.7	0.45	0.91	0.11	-0.36		0.97	0.48	0.74	0.36	STLD
NUE	0.69	0.43	0.89	0.03	-0.34	0.97		0.42	0.75	0.32	NUE
TECK	0.65	0.63	0.55	0.71	0.4	0.48	0.42		0.45	0.71	TECK
AU	0.93	0.65	0.87	0.17	-0.13	0.74	0.75	0.45		0.72	AU
GFI	0.86	0.77	0.61	0.57	0.32	0.36	0.32	0.71	0.72		GFI
	KGC	NTR	MT	MLM	VMC	STLD	NUE	TECK	AU	GFI

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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

NUE	+ 0.97	STLD
AU	+ 0.93	KGC
STLD	+ 0.91	MT
NUE	+ 0.89	MT
AU	+ 0.87	MT
MT	+ 0.86	KGC

High negative correlations

STLD	- 0.36	VMC
NUE	- 0.34	VMC
VMC	- 0.15	MT
AU	- 0.13	VMC

Risk-Adjusted Indicators

There is a big difference between Amrize Stock performing well and Amrize 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 Amrize'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
KGC	2.18	0.33	0.09	0.40	3.32	(2.11)	5.17	(4.85)	16.75
NTR	1.51	0.06	0.02	0.15	1.99	(1.44)	3.39	(3.36)	9.52
MT	1.49	0.32	0.19	0.34	1.46	(1.75)	3.96	(2.23)	12.02
MLM	0.90	0.03	0.01	0.11	1.18	(0.84)	1.45	(2.06)	5.55
VMC	0.91	(0.06)	(0.05)	0.00	1.44	(0.78)	1.93	(2.26)	5.83
STLD	1.43	0.27	0.18	0.24	1.49	(1.58)	3.31	(2.79)	8.57
NUE	1.47	0.20	0.15	0.20	1.29	(1.64)	3.67	(2.75)	8.47
TECK	1.94	0.16	0.09	0.16	2.15	(2.12)	3.69	(4.20)	11.09
AU	2.54	0.42	0.13	0.34	3.44	(2.75)	5.39	(5.23)	15.73
GFI	2.82	0.20	0.05	0.25	3.92	(2.95)	6.41	(6.87)	18.05

Amrize Corporate Management

Richard Hoffman	Chief Controller	Profile
Ian Johnston	Chief Officer	Profile
Denise JD	Chief Secretary	Profile
Scott Einberger	Investor Officer	Profile
Roald Brouwer	Chief Officer	Profile
Jim Gross	Chief Officer	Profile

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