Amer Sports Correlations

AS Stock

36.74 1.52 3.97%

The current 90-days correlation between Amer Sports and Aptiv PLC is 0.17 (i.e., Average diversification). The correlation of Amer Sports 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.

Amer Sports Correlation With Market

Modest diversification

The correlation between Amer Sports and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amer Sports and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Amer Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amer Sports. 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 Amer Stock please use our How to Invest in Amer Sports guide.

Moving together with Amer Stock

0.91	RL	Ralph Lauren Corp	Pair Corr
0.89	FOSL	Fossil Group	Pair Corr
0.78	301276	Beijing Jiaman Dress	Pair Corr
0.93	MOV	Movado Group	Pair Corr
0.85	GIII	G III Apparel	Pair Corr
0.82	LULU	Lululemon Athletica	Pair Corr
0.82	PLBY	Plby Group	Pair Corr
0.81	COLM	Columbia Sportswear	Pair Corr
0.89	CPRI	Capri Holdings	Pair Corr
0.85	SCGLF	Socit Gnrale Socit	Pair Corr
0.79	ALRS	Alerus Financial Corp	Pair Corr
0.78	DNGFF	Dongfang Electric	Pair Corr
0.76	JACK	Jack In	Pair Corr
0.63	CNI	Canadian National Railway	Pair Corr
0.63	ACLLF	Atco	Pair Corr
0.74	VBNK	VersaBank	Pair Corr
0.75	MBGYY	Mercedes Benz Group	Pair Corr
0.71	UOLGY	UOL Group	Pair Corr
0.84	NNGPF	NN Group NV	Pair Corr
0.63	APA	APA Corporation	Pair Corr

Moving against Amer Stock

0.9	002269	Shanghai Metersbonwe	Pair Corr
0.77	JRSH	Jerash Holdings	Pair Corr
0.55	PVH	PVH Corp	Pair Corr
0.53	YYAI	Connexa Sports Techn Tech Boost	Pair Corr
0.38	UHG	United Homes Group	Pair Corr
0.74	ATMV	AlphaVest Acquisition Symbol Change	Pair Corr

Related Correlations Analysis

	APTV	DKS	BURL	PKG	GPC	AMCR	BBY	LULU	NIO	CASY
APTV		0.64	0.25	0.51	0.36	-0.19	0.39	-0.07	0.45	-0.04	APTV
DKS	0.64		-0.17	0.05	0.6	-0.46	0.57	-0.39	0.53	-0.2	DKS
BURL	0.25	-0.17		0.47	-0.38	0.35	-0.42	0.41	-0.23	0.29	BURL
PKG	0.51	0.05	0.47		0.27	0.31	-0.35	0.62	-0.23	0.56	PKG
GPC	0.36	0.6	-0.38	0.27		-0.14	0.3	-0.13	0.14	0.15	GPC
AMCR	-0.19	-0.46	0.35	0.31	-0.14		-0.56	0.58	-0.79	0.61	AMCR
BBY	0.39	0.57	-0.42	-0.35	0.3	-0.56		-0.7	0.78	-0.61	BBY
LULU	-0.07	-0.39	0.41	0.62	-0.13	0.58	-0.7		-0.77	0.55	LULU
NIO	0.45	0.53	-0.23	-0.23	0.14	-0.79	0.78	-0.77		-0.65	NIO
CASY	-0.04	-0.2	0.29	0.56	0.15	0.61	-0.61	0.55	-0.65		CASY
	APTV	DKS	BURL	PKG	GPC	AMCR	BBY	LULU	NIO	CASY

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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

NIO	+ 0.78	BBY
DKS	+ 0.64	APTV
LULU	+ 0.62	PKG
CASY	+ 0.61	AMCR
GPC	+ 0.6	DKS
LULU	+ 0.58	AMCR

High negative correlations

NIO	- 0.79	AMCR
NIO	- 0.77	LULU
LULU	- 0.7	BBY
CASY	- 0.65	NIO
CASY	- 0.61	BBY
BBY	- 0.56	AMCR

Risk-Adjusted Indicators

There is a big difference between Amer Stock performing well and Amer Sports 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 Amer Sports' 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
APTV	1.54	(0.02)	0.01	0.07	1.79	(1.62)	3.09	(2.64)	7.91
DKS	1.60	(0.18)	0.00	(0.02)	0.00	0.00	3.42	(3.41)	14.16
BURL	1.91	0.24	0.07	0.41	2.85	(1.91)	4.41	(3.23)	20.77
PKG	1.19	(0.01)	(0.01)	0.07	1.64	(1.26)	2.80	(2.32)	8.20
GPC	1.06	(0.05)	(0.06)	0.02	1.15	(1.19)	2.14	(1.80)	5.58
AMCR	0.94	0.17	0.09	0.77	1.04	(1.06)	1.89	(1.70)	5.76
BBY	1.66	(0.29)	0.00	(0.07)	0.00	0.00	3.61	(3.04)	14.84
LULU	1.79	0.21	0.11	0.25	1.93	(2.00)	4.31	(3.67)	13.50
NIO	2.51	(0.77)	0.00	(0.53)	0.00	0.00	4.59	(5.82)	14.28
CASY	1.15	0.13	0.04	1.02	1.45	(1.26)	2.23	(2.25)	9.89

Amer Sports Corporate Management

Anu Sirkia	Vice Communications	Profile
Omar CPA	Vice Relations	Profile
Sebastian Lund	Chief Officer	Profile
Wilhelm Kerl	Chief Officer	Profile

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