Ams AG Correlations

AMSSY Stock

USD 5.60 0.40 7.69%

The current 90-days correlation between ams AG and Nordic Semiconductor ASA is 0.05 (i.e., Significant diversification). The correlation of Ams AG 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.

Ams AG Correlation With Market

Good diversification

The correlation between ams AG and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ams AG and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Ams Pink Sheet

0.63

NVDA

NVIDIA Aggressive Push

Pair Corr

Moving against Ams Pink Sheet

0.55	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.5	PPERY	Bank Mandiri Persero Normal Trading	Pair Corr
0.33	TLK	Telkom Indonesia Tbk	Pair Corr
0.31	AVGO	Broadcom Aggressive Push	Pair Corr
0.68	FNWD	Finward Bancorp	Pair Corr
0.65	BKWAF	BKW AG	Pair Corr
0.65	NPCE	Neuropace	Pair Corr
0.41	PAOG	Pao Group	Pair Corr
0.33	TSBK	Timberland Bancorp	Pair Corr
0.45	DTST	Data Storage Corp	Pair Corr
0.35	FTRE	Fortrea Holdings	Pair Corr

Related Correlations Analysis

	NDCVF	AWEVF	NRSDY	VEMLF	AIIXY	APELY	MLXSF	AIXXF	AUOTY	SUMCF
NDCVF		-0.51	0.03	0.06	0.51	0.36	0.36	0.65	0.61	0.62	NDCVF
AWEVF	-0.51		0.19	0.53	-0.72	-0.23	-0.56	-0.85	-0.85	-0.8	AWEVF
NRSDY	0.03	0.19		0.43	0.0	-0.05	0.21	-0.24	-0.14	-0.18	NRSDY
VEMLF	0.06	0.53	0.43		-0.44	0.01	-0.37	-0.28	-0.4	-0.39	VEMLF
AIIXY	0.51	-0.72	0.0	-0.44		0.11	0.59	0.69	0.74	0.8	AIIXY
APELY	0.36	-0.23	-0.05	0.01	0.11		-0.06	0.3	0.24	0.23	APELY
MLXSF	0.36	-0.56	0.21	-0.37	0.59	-0.06		0.44	0.48	0.6	MLXSF
AIXXF	0.65	-0.85	-0.24	-0.28	0.69	0.3	0.44		0.89	0.82	AIXXF
AUOTY	0.61	-0.85	-0.14	-0.4	0.74	0.24	0.48	0.89		0.82	AUOTY
SUMCF	0.62	-0.8	-0.18	-0.39	0.8	0.23	0.6	0.82	0.82		SUMCF
	NDCVF	AWEVF	NRSDY	VEMLF	AIIXY	APELY	MLXSF	AIXXF	AUOTY	SUMCF

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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

AUOTY	+ 0.89	AIXXF
SUMCF	+ 0.82	AIXXF
SUMCF	+ 0.82	AUOTY
SUMCF	+ 0.8	AIIXY
AUOTY	+ 0.74	AIIXY
AIXXF	+ 0.69	AIIXY

High negative correlations

AUOTY	- 0.85	AWEVF
AIXXF	- 0.85	AWEVF
SUMCF	- 0.8	AWEVF
AIIXY	- 0.72	AWEVF
MLXSF	- 0.56	AWEVF
AWEVF	- 0.51	NDCVF

Risk-Adjusted Indicators

There is a big difference between Ams Pink Sheet performing well and Ams AG 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 Ams AG'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
NDCVF	1.84	0.22	0.04	(0.76)	1.94	(3.77)	6.25	(4.47)	13.44
AWEVF	2.92	(1.01)	0.00	(0.73)	0.00	0.00	4.40	(12.83)	44.10
NRSDY	0.49	(0.09)	0.00	0.39	0.00	0.00	0.00	0.00	16.27
VEMLF	0.40	0.12	0.00	(1.84)	0.00	0.00	0.00	0.00	3.50
AIIXY	1.42	0.05	0.01	0.13	1.86	(9.49)	5.50	(4.39)	23.79
APELY	1.13	(0.06)	(0.01)	0.02	2.18	(3.15)	2.47	(3.27)	22.73
MLXSF	0.87	(0.24)	0.00	(0.39)	0.00	0.00	0.00	0.00	16.70
AIXXF	2.85	0.37	0.13	0.31	2.76	(3.64)	8.36	(4.79)	15.93
AUOTY	2.50	0.44	0.12	(2.00)	2.37	(3.17)	7.12	(3.88)	20.24
SUMCF	3.85	0.46	0.07	(0.85)	4.48	(4.14)	7.95	(6.07)	23.68

Be your own money manager

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

Moritz Gmeiner	IR Contact Officer	Profile
Mario Manninger	Director Board	Profile
Pierre Laboisse	Ex Marketing	Profile
Jann Siefken	VP Officer	Profile

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