AMTD Digital Correlations

HKD Stock

USD 2.98 0.02 0.67%

The current 90-days correlation between AMTD Digital and Porch Group is 0.06 (i.e., Significant diversification). The correlation of AMTD Digital 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.

AMTD Digital Correlation With Market

Significant diversification

The correlation between AMTD Digital 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 AMTD Digital and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in AMTD Digital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

For information on how to trade AMTD Stock refer to our How to Trade AMTD Stock guide.

Moving against AMTD Stock

0.57	VCSA	Vacasa Inc	Pair Corr
0.56	EB	Eventbrite Class A	Pair Corr
0.55	DV	DoubleVerify Holdings	Pair Corr
0.48	DTRK	DATATRAK International	Pair Corr
0.39	VERB	VERB TECHNOLOGY PANY	Pair Corr
0.39	EGAN	eGain	Pair Corr
0.38	DMAN	Innovativ Media Group	Pair Corr
0.36	VMEO	Vimeo Inc	Pair Corr
0.32	DJCO	Daily Journal Corp	Pair Corr
0.32	ML	MoneyLion	Pair Corr
0.62	EXFY	Expensify Tech Boost	Pair Corr
0.55	WDAY	Workday Earnings Call This Week	Pair Corr
0.31	EZFL	EzFill Holdings	Pair Corr

Related Correlations Analysis

	PRCH	NRDY	PET	DAVEW	EXFY	GRND	ENFN	VTEX	ONTF	CWAN
PRCH		-0.03	-0.79	0.57	0.59	0.88	0.68	-0.58	0.55	0.9	PRCH
NRDY	-0.03		-0.11	0.32	0.24	-0.07	-0.03	0.12	0.1	-0.02	NRDY
PET	-0.79	-0.11		-0.7	-0.69	-0.74	-0.51	0.7	-0.37	-0.74	PET
DAVEW	0.57	0.32	-0.7		0.45	0.5	0.63	-0.44	0.19	0.61	DAVEW
EXFY	0.59	0.24	-0.69	0.45		0.34	0.1	-0.46	0.32	0.4	EXFY
GRND	0.88	-0.07	-0.74	0.5	0.34		0.65	-0.62	0.56	0.92	GRND
ENFN	0.68	-0.03	-0.51	0.63	0.1	0.65		-0.3	0.3	0.75	ENFN
VTEX	-0.58	0.12	0.7	-0.44	-0.46	-0.62	-0.3		-0.17	-0.58	VTEX
ONTF	0.55	0.1	-0.37	0.19	0.32	0.56	0.3	-0.17		0.61	ONTF
CWAN	0.9	-0.02	-0.74	0.61	0.4	0.92	0.75	-0.58	0.61		CWAN
	PRCH	NRDY	PET	DAVEW	EXFY	GRND	ENFN	VTEX	ONTF	CWAN

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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

CWAN	+ 0.92	GRND
CWAN	+ 0.9	PRCH
GRND	+ 0.88	PRCH
CWAN	+ 0.75	ENFN
VTEX	+ 0.7	PET
ENFN	+ 0.68	PRCH

High negative correlations

PET	- 0.79	PRCH
CWAN	- 0.74	PET
GRND	- 0.74	PET
DAVEW	- 0.7	PET
EXFY	- 0.69	PET
VTEX	- 0.62	GRND

Risk-Adjusted Indicators

There is a big difference between AMTD Stock performing well and AMTD Digital 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 AMTD Digital'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
PRCH	7.38	1.65	0.30	0.40	5.89	(9.00)	12.61	(11.04)	84.56
NRDY	3.68	0.36	0.08	0.61	3.90	(4.49)	9.80	(6.74)	26.79
PET	4.73	(1.12)	0.00	(2.48)	0.00	0.00	8.75	(9.86)	84.40
DAVEW	12.01	3.99	0.32	(2.05)	9.15	(16.30)	27.68	(17.20)	219.63
EXFY	3.83	0.41	0.15	0.28	3.04	(5.69)	11.36	(5.17)	27.58
GRND	1.63	0.23	0.12	0.34	1.71	(1.78)	3.66	(3.11)	13.34
ENFN	1.58	0.34	0.13	(1.47)	1.47	(1.95)	3.93	(2.77)	10.11
VTEX	1.60	(0.34)	0.00	(0.34)	0.00	0.00	3.00	(4.03)	11.44
ONTF	1.62	(0.14)	(0.03)	0.02	1.94	(1.77)	3.22	(2.86)	11.19
CWAN	1.44	0.27	0.17	0.31	1.32	(1.55)	2.80	(2.76)	18.70

AMTD Digital Corporate Management

Chi Lo	CEO Director	Profile
Lawrence Lee	Chief Officer	Profile
Ho Zee	Chief Officer	Profile
Frederic Lau	Pres Director	Profile

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