American Shipping Correlations
| ASCJF Stock | USD 2.36 0.00 0.00% |
The current 90-days correlation between American Shipping and AP Moeller Maersk AS is -0.05 (i.e., Good diversification). The correlation of American Shipping 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.
American Shipping Correlation With Market
Significant diversification
The correlation between American Shipping and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Shipping and DJI in the same portfolio, assuming nothing else is changed.
American |
The ability to find closely correlated positions to American Shipping could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Shipping 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 American Shipping - 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 American Shipping to buy it.
Moving together with American OTC Stock
| 0.63 | NPNYY | Nippon Yusen Kabushiki | PairCorr |
| 0.74 | KO | Coca Cola Sell-off Trend | PairCorr |
| 0.75 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Moving against American OTC Stock
| 0.78 | NDAQ | Nasdaq Inc | PairCorr |
| 0.7 | FMCB | Farmers Merchants Bancorp | PairCorr |
| 0.63 | FUWAF | Furukawa Electric | PairCorr |
| 0.51 | AMKBY | AP Moeller Maersk | PairCorr |
| 0.49 | AMKBF | AP Mller | PairCorr |
| 0.47 | CICOF | COSCO SHIPPING Holdings | PairCorr |
| 0.41 | CICOY | COSCO SHIPPING Holdings | PairCorr |
| 0.39 | AMKAF | AP Moeller | PairCorr |
| 0.84 | WMT | Walmart Aggressive Push | PairCorr |
| 0.83 | VRT | Vertiv Holdings | PairCorr |
| 0.79 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.79 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.74 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.74 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.71 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.67 | HD | Home Depot Sell-off Trend | PairCorr |
| 0.62 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.57 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.55 | HPQ | HP Inc | PairCorr |
| 0.4 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
| 0.37 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between American OTC Stock performing well and American Shipping OTC Stock 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 American Shipping'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AMKBY | 2.18 | 0.18 | (0.01) | (0.10) | 2.59 | 3.99 | 13.67 | |||
| AMKBF | 1.65 | 0.02 | (0.01) | 0.15 | 1.86 | 5.76 | 11.96 | |||
| AMKAF | 1.48 | 0.11 | 0.00 | 1.68 | 2.16 | 3.45 | 24.11 | |||
| CICOF | 3.02 | 0.30 | 0.01 | (0.53) | 4.38 | 6.76 | 31.68 | |||
| CICOY | 2.35 | 0.16 | 0.00 | (0.52) | 3.06 | 4.55 | 13.70 | |||
| NPNYY | 1.71 | (0.13) | 0.00 | 2.15 | 0.00 | 2.85 | 14.63 | |||
| OROVF | 0.81 | (0.35) | 0.00 | (0.33) | 0.00 | 0.07 | 16.50 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in American Shipping 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.Did you try this?
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American Shipping Corporate Management
Elected by the shareholders, the American Shipping's board of directors comprises two types of representatives: American Shipping inside directors who are chosen from within the company, and outside directors, selected externally and held independent of American. The board's role is to monitor American Shipping's management team and ensure that shareholders' interests are well served. American Shipping's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, American Shipping's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jeffrey Theisen | VP Fin | Profile | |
| Scott Clapham | VP Devel | Profile | |
| Leigh Jaros | Bus. Controller and Fin. Manager | Profile | |
| Morten Bakke | Chief Officer | Profile |