Amfil Technologies Correlations

FUNN Stock

USD 0 0.0002 25.00%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amfil Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amfil Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Amfil Technologies Correlation With Market

Good diversification

The correlation between Amfil Technologies and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amfil Technologies and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Amfil Pink Sheet

0.82	MITSY	Mitsui Company	Pair Corr
0.8	PPERF	Bank Mandiri Persero	Pair Corr
0.77	MITSF	Mitsui Co	Pair Corr
0.75	PPERY	Bank Mandiri Persero	Pair Corr
0.52	ITOCY	Itochu Corp ADR	Pair Corr
0.46	KB	KB Financial Group	Pair Corr
0.44	CTPCY	Citic Ltd ADR	Pair Corr
0.32	MMM	3M Company	Pair Corr
0.32	ITOCF	ITOCHU	Pair Corr
0.32	PTBRY	Bank Negara Indonesia	Pair Corr
0.86	IDN	Intellicheck Mobilisa	Pair Corr
0.83	RLMD	Relmada Therapeutics	Pair Corr
0.78	KODK	Eastman Kodak	Pair Corr
0.75	SHIP	Seanergy Maritime	Pair Corr
0.74	TORO	Toro	Pair Corr
0.69	NOEM	CO2 Energy Transition	Pair Corr
0.66	GSVRF	Guanajuato Silver	Pair Corr
0.66	ULTA	Ulta Beauty	Pair Corr
0.58	EGP	EastGroup Properties	Pair Corr
0.51	ASTI	Ascent Solar Technol Tech Boost	Pair Corr
0.5	WF	Woori Financial Group	Pair Corr
0.44	CLRI	Cleartronic	Pair Corr
0.41	SHG	Shinhan Financial	Pair Corr
0.83	HL	Hecla Mining Aggressive Push	Pair Corr
0.81	CM	Canadian Imperial Bank	Pair Corr
0.81	REGN	Regeneron Pharmaceuticals	Pair Corr
0.78	CSCO	Cisco Systems	Pair Corr

Related Correlations Analysis

	LEON	TTHG	QPRC	ADHC	ENCC	IDGC	BONL	SNTE	ELNX
LEON		0.0	0.0	0.0	0.0	0.0	0.0	0.0	-1.0	LEON
TTHG	0.0		0.09	0.61	0.38	0.16	-0.19	0.33	0.0	TTHG
QPRC	0.0	0.09		0.0	0.43	0.3	-0.2	-0.29	0.0	QPRC
ADHC	0.0	0.61	0.0		0.09	0.32	0.05	0.65	0.0	ADHC
ENCC	0.0	0.38	0.43	0.09		0.08	-0.71	-0.43	0.0	ENCC
IDGC	0.0	0.16	0.3	0.32	0.08		0.06	0.21	0.0	IDGC
BONL	0.0	-0.19	-0.2	0.05	-0.71	0.06		0.57	0.0	BONL
SNTE	0.0	0.33	-0.29	0.65	-0.43	0.21	0.57		0.0	SNTE
ELNX	-1.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		ELNX
	LEON	TTHG	QPRC	ADHC	ENCC	IDGC	BONL	SNTE	ELNX

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

SNTE	+ 0.65	ADHC
ADHC	+ 0.61	TTHG
SNTE	+ 0.57	BONL
ENCC	+ 0.43	QPRC
ENCC	+ 0.38	TTHG
SNTE	+ 0.33	TTHG

High negative correlations

ELNX	- 1.0	LEON
BONL	- 0.71	ENCC
SNTE	- 0.43	ENCC
SNTE	- 0.29	QPRC
BONL	- 0.2	QPRC
BONL	- 0.19	TTHG

Risk-Adjusted Indicators

There is a big difference between Amfil Pink Sheet performing well and Amfil Technologies 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 Amfil Technologies' 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
LEON	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TTHG	1.10	0.11	0.00	(0.01)	0.00	0.00	0.00	0.00	63.03
QPRC	26.76	9.91	0.16	(1.06)	20.73	(76.95)	128.57	(63.64)	248.04
ADHC	9.29	(0.65)	0.00	12.02	0.00	0.00	16.67	(16.67)	60.00
ENCC	12.27	2.05	0.14	16.29	12.08	(15.94)	27.78	(25.13)	121.75
IDGC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BONL	1.32	(0.36)	0.00	(0.85)	0.00	0.00	2.35	(0.86)	29.33
SNTE	0.85	0.00	0.00	0.00	0.00	0.00	0.00	0.00	28.33
ELNX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

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