Aemetis Correlations

Stocks . Germany . 
Stock . Aemetis
DW51 Stock  EUR 1.21  0.07  5.47%   
The current 90-days correlation between Aemetis and The City of is -0.05 (i.e., Good diversification). The correlation of Aemetis 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.

Aemetis Correlation With Market

Very good diversification

The correlation between Aemetis and DJI is -0.44 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aemetis and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Aemetis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aemetis 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 Aemetis - 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 Aemetis to buy it.

Moving against Aemetis Stock

  0.655QG NEW FOUND GOLDPairCorr
  0.63PQ9 BANK MANDIRIPairCorr
  0.52PQ9 BANK MANDIRIPairCorr
  0.49GE0 GRAYCLIFF EXPLORATION LTD SplitPairCorr
  0.44PQ9 BANK MANDIRIPairCorr
  0.43PQ9 PT Bank MandiriPairCorr
  0.38CLN The City Earnings Call This WeekPairCorr
  0.35TKDA Takeda PharmaceuticalPairCorr
  0.34GE9 Genmab A/S Earnings Call This WeekPairCorr
  0.32SSU Samsung ElectronicsPairCorr
  0.31SSUN Samsung ElectronicsPairCorr
  0.69UWS Waste ManagementPairCorr
  0.66ALV Allianz SEPairCorr
  0.59IRV Integra Resources CorpPairCorr
  0.527YC Synthomer plcPairCorr
  0.5KGHA KGHM Polska MiedzPairCorr
  0.48KIK KIKKOMAN CORPPairCorr
  0.44LA3A Laureate Education Earnings Call This WeekPairCorr
  0.44K34 Konecranes PlcPairCorr
  0.4SII Wheaton Precious MetalsPairCorr
  0.38PPQ PPG INDUSTRIESPairCorr
  0.3643C CACTUS INC CLAPairCorr
  0.35HBC1 HSBC Holdings plcPairCorr
  0.33ADH2 Air CanadaPairCorr
  0.31HKT HK Electric InvestmentsPairCorr
  0.68D9W Designer BrandsPairCorr
  0.531KT Keysight TechnologiesPairCorr
  0.521SZ0 Santacruz Silver Mining SplitPairCorr
  0.43FPP0 ALTYNGOLD PLC LSPairCorr

Related Correlations Analysis


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

4JF
+ 0.95
CLN
TGE1
+ 0.94
CLN
4JF
+ 0.94
TGE1
BNR
+ 0.89
CAC1
8SX0
+ 0.88
4JF
8SX0
+ 0.84
CLN
  

High negative correlations

TGE1
- 0.73
14D
14D
- 0.7
CLN
BNR
- 0.68
14D
4JF
- 0.68
14D
SOBA
- 0.61
GE9
SOBA
- 0.6
F17

Risk-Adjusted Indicators

There is a big difference between Aemetis Stock performing well and Aemetis 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 Aemetis' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GE9  1.65  0.03  0.00  0.12  2.00 
(1.66)
 4.48 
(3.42)
 9.60 
CLN  1.06  0.15  0.07  0.81  1.15 
(1.20)
 2.97 
(2.21)
 6.98 
14D  3.32 (0.41) 0.00 (0.05) 0.00 
 0.00 
 6.02 
(9.09)
 56.92 
F17  2.31  0.05  0.01  0.16  2.79 
(5.54)
 4.69 
(4.29)
 26.97 
TGE1  1.07  0.39  0.23  2.31  0.98 
(1.17)
 3.04 
(1.91)
 7.09 
4JF  1.64  0.31  0.15  0.71  1.50 
(2.28)
 4.62 
(2.73)
 10.83 
8SX0  3.60  0.71  0.16  0.51  3.73 
(4.62)
 9.20 
(5.79)
 29.49 
CAC1  1.26  0.40  0.21 (2.27) 1.07 
(1.48)
 2.64 
(2.39)
 14.01 
BNR  1.14  0.35  0.19 (1.05) 0.91 
(1.53)
 3.58 
(2.06)
 9.43 
SOBA  1.17  0.23  0.12 (0.46) 1.00 
(1.44)
 2.90 
(2.05)
 6.08 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Aemetis 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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