Amesite Operating Correlations

AMST Stock

USD 1.96 0.05 2.49%

The current 90-days correlation between Amesite Operating and Smith Micro Software is 0.22 (i.e., Modest diversification). The correlation of Amesite Operating 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.

Amesite Operating Correlation With Market

Weak diversification

The correlation between Amesite Operating Co and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amesite Operating Co and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amesite Operating Co. 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.

Moving together with Amesite Stock

0.96	BSY	Bentley Systems	Pair Corr
0.9	PTC	PTC Inc	Pair Corr
0.89	SAP	SAP SE ADR	Pair Corr
0.93	TTD	Trade Desk	Pair Corr
0.82	TYL	Tyler Technologies	Pair Corr
0.88	GWRE	Guidewire Software	Pair Corr
0.89	FNMFO	Federal National Mortgage	Pair Corr

Moving against Amesite Stock

0.84	DBD	Diebold Nixdorf	Pair Corr
0.68	KB	KB Financial Group	Pair Corr
0.67	SHG	Shinhan Financial	Pair Corr
0.59	SSNC	SSC Technologies Holdings	Pair Corr
0.49	AVAL	Grupo Aval	Pair Corr
0.45	ZM	Zoom Video Communications	Pair Corr
0.86	BCH	Banco De Chile Normal Trading	Pair Corr
0.76	WSFS	WSFS Financial	Pair Corr
0.65	WF	Woori Financial Group	Pair Corr
0.65	ACN	Accenture plc	Pair Corr
0.63	F	Ford Motor Aggressive Push	Pair Corr
0.62	NMIH	NMI Holdings	Pair Corr
0.54	ATI	Allegheny Technologies	Pair Corr
0.48	SANM	Sanmina	Pair Corr
0.46	BOF	BranchOut Food Common	Pair Corr
0.41	ACR-PC	ACRES Commercial Realty	Pair Corr
0.38	DQ	Daqo New Energy	Pair Corr
0.35	ASXSF	Elysee Development Corp	Pair Corr

Related Correlations Analysis

	STEC	SMSI	CXAI	WCT	DTSS	BLIN	AMOD	RYDE	IPM	ELWS
STEC		0.7	0.75	0.6	0.72	0.7	0.68	0.33	0.71	-0.37	STEC
SMSI	0.7		0.93	0.91	0.84	0.89	0.75	0.27	0.87	-0.38	SMSI
CXAI	0.75	0.93		0.89	0.94	0.96	0.89	0.42	0.93	-0.52	CXAI
WCT	0.6	0.91	0.89		0.8	0.85	0.76	0.33	0.82	-0.34	WCT
DTSS	0.72	0.84	0.94	0.8		0.93	0.96	0.59	0.93	-0.57	DTSS
BLIN	0.7	0.89	0.96	0.85	0.93		0.86	0.42	0.91	-0.56	BLIN
AMOD	0.68	0.75	0.89	0.76	0.96	0.86		0.63	0.91	-0.53	AMOD
RYDE	0.33	0.27	0.42	0.33	0.59	0.42	0.63		0.51	-0.42	RYDE
IPM	0.71	0.87	0.93	0.82	0.93	0.91	0.91	0.51		-0.53	IPM
ELWS	-0.37	-0.38	-0.52	-0.34	-0.57	-0.56	-0.53	-0.42	-0.53		ELWS
	STEC	SMSI	CXAI	WCT	DTSS	BLIN	AMOD	RYDE	IPM	ELWS

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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

BLIN	+ 0.96	CXAI
AMOD	+ 0.96	DTSS
DTSS	+ 0.94	CXAI
CXAI	+ 0.93	SMSI
IPM	+ 0.93	CXAI
BLIN	+ 0.93	DTSS

High negative correlations

ELWS	- 0.57	DTSS
ELWS	- 0.56	BLIN
ELWS	- 0.53	IPM
ELWS	- 0.53	AMOD
ELWS	- 0.52	CXAI
ELWS	- 0.42	RYDE

Risk-Adjusted Indicators

There is a big difference between Amesite Stock performing well and Amesite Operating 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 Amesite Operating'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
STEC	5.92	0.54	0.08	1.36	5.46	(7.82)	14.44	(9.37)	48.33
SMSI	3.27	(0.63)	0.00	(0.14)	0.00	0.00	7.58	(6.67)	29.23
CXAI	4.89	(1.34)	0.00	(0.45)	0.00	0.00	10.00	(11.32)	36.84
WCT	3.35	(1.18)	0.00	(0.69)	0.00	0.00	4.76	(7.50)	24.01
DTSS	4.13	(1.43)	0.00	(0.30)	0.00	0.00	7.23	(12.60)	31.30
BLIN	3.02	(0.81)	0.00	(0.33)	0.00	0.00	4.35	(7.78)	31.35
AMOD	4.86	(0.64)	0.00	(1.31)	0.00	0.00	8.93	(8.77)	31.92
RYDE	5.07	(0.69)	0.00	(0.71)	0.00	0.00	9.09	(9.80)	37.01
IPM	1.57	(0.26)	0.00	(0.51)	0.00	0.00	2.96	(4.35)	13.88
ELWS	6.70	1.67	0.24	2.11	5.86	(7.80)	18.81	(10.96)	54.66

Amesite Operating Corporate Management

Kalie Wortinger	Senior Engineering	Profile
Sherlyn Farrell	Chief Officer	Profile
Jay Majumdar	Vice Partnerships	Profile
Brandon Owens	Director Sales	Profile
Sarah CPA	Principal Officer	Profile
Mike Smiley	Director People	Profile

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