Acm Research Correlations
| ACMR Stock | USD 32.01 1.98 6.59% |
The current 90-days correlation between Acm Research and Merit Medical Systems is 0.11 (i.e., Average diversification). The correlation of Acm Research 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.
Acm Research Correlation With Market
Weak diversification
The correlation between Acm Research and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Acm Research and DJI in the same portfolio, assuming nothing else is changed.
Moving against Acm Stock
| 0.48 | VZ | Verizon Communications | PairCorr |
| 0.47 | T | ATT Inc | PairCorr |
| 0.42 | BRK-A | Berkshire Hathaway | PairCorr |
| 0.41 | PG | Procter Gamble | PairCorr |
| 0.33 | WNC | Wabash National | PairCorr |
| 0.32 | CVX | Chevron Corp Sell-off Trend | PairCorr |
Related Correlations Analysis
| -0.55 | 0.0 | 0.16 | -0.11 | -0.48 | MMSI | ||
| -0.55 | 0.0 | 0.03 | -0.43 | 0.76 | KMTS | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | PIUTQ | ||
| 0.16 | 0.03 | 0.0 | -0.25 | 0.11 | GMXTF | ||
| -0.11 | -0.43 | 0.0 | -0.25 | -0.5 | UTMD | ||
| -0.48 | 0.76 | 0.0 | 0.11 | -0.5 | B | ||
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 Acm Stock performing well and Acm Research 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 Acm Research'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MMSI | 1.30 | (0.05) | 0.00 | (0.03) | 0.00 | 2.29 | 8.06 | |||
| KMTS | 2.72 | 0.61 | 0.17 | 0.32 | 3.05 | 5.76 | 25.66 | |||
| PIUTQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GMXTF | 0.08 | 0.03 | 0.00 | 0.32 | 0.00 | 0.00 | 0.00 | |||
| UTMD | 0.94 | (0.16) | 0.00 | (0.25) | 0.00 | 2.62 | 5.98 | |||
| B | 2.16 | 0.65 | 0.20 | 0.65 | 2.48 | 5.17 | 19.01 |
Acm Research Corporate Management
| Hui Wang | Chairman, Founder | Profile | |
| Howard Chen | General Strategy | Profile | |
| Yi Feng | I Research | Profile | |
| Jim Straus | Vice America | Profile |