Amicorp FS Correlations

AMIF Stock

1.67 0.00 0.00%

The correlation of Amicorp FS 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.

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

Moving together with Amicorp Stock

0.69	0QKN	Chocoladefabriken Lindt Earnings Call This Week	Pair Corr
0.68	0QP1	Chocoladefabriken Lindt Earnings Call This Week	Pair Corr
0.81	RKW	Rockwood Realisation PLC	Pair Corr
0.79	49GP	Croda International Plc	Pair Corr
0.79	PEYS	Princess Private Equity	Pair Corr

Moving against Amicorp Stock

0.65	SLPE	SL Private Equity	Pair Corr
0.64	NBS	Nationwide Building	Pair Corr
0.61	TYT	Toyota Motor Corp	Pair Corr

Related Correlations Analysis

	BVC	AYM	AEO	0A76	RSG	SSLV	SPT	HOC
BVC		-0.7	0.82	0.32	0.62	0.33	0.63	-0.41	BVC
AYM	-0.7		-0.71	-0.74	-0.78	-0.69	-0.79	0.49	AYM
AEO	0.82	-0.71		0.36	0.6	0.3	0.67	-0.33	AEO
0A76	0.32	-0.74	0.36		0.73	0.95	0.72	-0.4	0A76
RSG	0.62	-0.78	0.6	0.73		0.7	0.9	-0.33	RSG
SSLV	0.33	-0.69	0.3	0.95	0.7		0.71	-0.42	SSLV
SPT	0.63	-0.79	0.67	0.72	0.9	0.71		-0.47	SPT
HOC	-0.41	0.49	-0.33	-0.4	-0.33	-0.42	-0.47		HOC
	BVC	AYM	AEO	0A76	RSG	SSLV	SPT	HOC

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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

SSLV	+ 0.95	0A76
SPT	+ 0.9	RSG
AEO	+ 0.82	BVC
RSG	+ 0.73	0A76
SPT	+ 0.72	0A76
SPT	+ 0.71	SSLV

High negative correlations

SPT	- 0.79	AYM
RSG	- 0.78	AYM
0A76	- 0.74	AYM
AEO	- 0.71	AYM
AYM	- 0.7	BVC
SSLV	- 0.69	AYM

Risk-Adjusted Indicators

There is a big difference between Amicorp Stock performing well and Amicorp FS 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 Amicorp FS'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
BVC	1.80	0.26	0.04	(1.28)	2.13	(2.04)	4.99	(4.18)	14.16
AYM	0.28	(0.12)	0.00	(3.81)	0.00	0.00	0.00	0.00	5.88
AEO	0.61	0.15	0.00	4.23	0.00	0.00	0.00	(0.99)	14.57
0A76	1.16	0.32	0.13	(43.81)	1.12	(1.28)	2.67	(2.31)	6.04
RSG	2.69	0.68	0.13	(0.71)	2.79	(3.16)	7.17	(4.31)	23.91
SSLV	1.09	0.28	0.12	(2.68)	0.85	(1.25)	3.53	(1.83)	6.21
SPT	0.48	0.16	0.05	2.17	0.36	(0.60)	1.29	(0.87)	3.60
HOC	2.76	0.06	0.00	0.07	0.00	0.00	5.67	(5.42)	31.94

Be your own money manager

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