AP Mller Correlations

AMKBF Stock

USD 2,018 7.30 0.36%

The current 90-days correlation between AP Mller and Hapag Lloyd Aktiengesellschaft is 0.39 (i.e., Weak diversification). The correlation of AP Mller 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.

AP Mller Correlation With Market

Significant diversification

The correlation between AP Mller and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AP Mller and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with AMKBF Pink Sheet

0.89	AMKBY	AP Moeller Maersk	Pair Corr
0.84	AMKAF	AP Moeller	Pair Corr
0.65	CICOF	COSCO SHIPPING Holdings	Pair Corr
0.8	CICOY	COSCO SHIPPING Holdings	Pair Corr
0.7	EML	Eastern	Pair Corr
0.69	TLK	Telkom Indonesia Tbk Earnings Call This Week	Pair Corr
0.64	CWCO	Consolidated Water	Pair Corr
0.63	PTAIY	Astra International Tbk Earnings Call This Week	Pair Corr
0.75	SCVL	Shoe Carnival	Pair Corr
0.71	IR	Ingersoll Rand Earnings Call This Week	Pair Corr
0.65	SGCPF	Solstice Gold Corp	Pair Corr
0.62	CDPYF	Canadian Apartment	Pair Corr

Related Correlations Analysis

	MSLOY	HLAGF	OROVF	MSLOF	HPGLY	AMKAF	AMKBY	NPNYY	CICOY	SBLK
MSLOY		0.34	-0.12	-0.41	0.61	-0.27	-0.25	0.39	-0.1	-0.36	MSLOY
HLAGF	0.34		-0.6	-0.32	0.81	0.01	0.04	0.27	0.13	-0.21	HLAGF
OROVF	-0.12	-0.6		0.23	-0.46	-0.03	0.04	-0.03	0.14	0.25	OROVF
MSLOF	-0.41	-0.32	0.23		-0.43	0.64	0.65	0.19	0.38	0.67	MSLOF
HPGLY	0.61	0.81	-0.46	-0.43		-0.06	0.03	0.37	0.12	-0.29	HPGLY
AMKAF	-0.27	0.01	-0.03	0.64	-0.06		0.88	0.54	0.75	0.82	AMKAF
AMKBY	-0.25	0.04	0.04	0.65	0.03	0.88		0.6	0.81	0.87	AMKBY
NPNYY	0.39	0.27	-0.03	0.19	0.37	0.54	0.6		0.8	0.57	NPNYY
CICOY	-0.1	0.13	0.14	0.38	0.12	0.75	0.81	0.8		0.83	CICOY
SBLK	-0.36	-0.21	0.25	0.67	-0.29	0.82	0.87	0.57	0.83		SBLK
	MSLOY	HLAGF	OROVF	MSLOF	HPGLY	AMKAF	AMKBY	NPNYY	CICOY	SBLK

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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

AMKBY	+ 0.88	AMKAF
SBLK	+ 0.87	AMKBY
SBLK	+ 0.83	CICOY
SBLK	+ 0.82	AMKAF
HPGLY	+ 0.81	HLAGF
CICOY	+ 0.81	AMKBY

High negative correlations

OROVF	- 0.6	HLAGF
HPGLY	- 0.46	OROVF
HPGLY	- 0.43	MSLOF
MSLOF	- 0.41	MSLOY
SBLK	- 0.36	MSLOY
MSLOF	- 0.32	HLAGF

Risk-Adjusted Indicators

There is a big difference between AMKBF Pink Sheet performing well and AP Mller 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 AP Mller'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
MSLOY	1.46	(0.20)	0.00	(0.10)	0.00	0.00	2.92	(3.77)	14.55
HLAGF	2.28	0.05	0.01	0.25	3.27	(5.12)	7.53	(6.16)	26.05
OROVF	0.98	0.25	0.00	0.68	0.00	0.00	5.56	0.00	15.47
MSLOF	0.00	(0.01)	0.00	(7.10)	0.00	0.00	0.00	0.00	0.09
HPGLY	1.83	0.02	(0.02)	0.25	2.29	(4.51)	6.61	(4.45)	22.01
AMKAF	1.84	0.47	0.04	(2.84)	2.68	(3.25)	5.18	(2.77)	23.74
AMKBY	1.71	0.29	0.10	0.62	1.75	(1.89)	3.82	(2.74)	13.66
NPNYY	1.24	0.14	(0.01)	0.97	1.71	(1.26)	2.60	(2.61)	9.03
CICOY	1.73	0.54	0.15	3.42	1.71	(2.14)	4.32	(2.60)	16.59
SBLK	1.27	0.38	0.17	1.23	1.08	(1.50)	3.08	(2.39)	7.20

Be your own money manager

Our tools can tell you how much better you can do entering a position in AP Mller 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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AP Mller Corporate Management

Caroline Pontoppidan	Gen VP	Profile
Susana Elvira	Chief Officer	Profile
LarsErik Brenoe	Ex VP	Profile
Signe Wagner	Head Relations	Profile
Sarah Spray	Head Relations	Profile
Soren Skou	CEO CEO	Profile
Patrick Jany	CFO VP	Profile

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