Amprius Technologies Correlations

AMPX Stock

USD 8.66 0.60 7.44%

The current 90-days correlation between Amprius Technologies and Enovix Corp is 0.59 (i.e., Very weak diversification). The correlation of Amprius Technologies 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.

Amprius Technologies Correlation With Market

Modest diversification

The correlation between Amprius Technologies and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amprius Technologies and DJI in the same portfolio, assuming nothing else is changed.

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For more information on how to buy Amprius Stock please use our How to Invest in Amprius Technologies guide.

Moving together with Amprius Stock

0.86	BE	Bloom Energy Corp	Pair Corr
0.62	KE	Kimball Electronics	Pair Corr
0.78	ELVA	Electrovaya Common Shares	Pair Corr
0.97	ENVX	Enovix Corp	Pair Corr
0.73	AYI	Acuity Brands	Pair Corr
0.88	ESP	Espey Mfg Electronics	Pair Corr
0.73	NVT	nVent Electric PLC	Pair Corr
0.75	SVT	Servotronics	Pair Corr
0.72	VRT	Vertiv Holdings Earnings Call This Week	Pair Corr
0.78	HUBB	Hubbell	Pair Corr
0.77	NEOV	NeoVolta Common Stock	Pair Corr
0.67	OPTT	Ocean Power Technologies	Pair Corr
0.97	SLDPW	Solid Power	Pair Corr
0.76	PLPC	Preformed Line Products	Pair Corr
0.89	PLUG	Plug Power Buyout Trend	Pair Corr

Moving against Amprius Stock

0.44	GTI	Graphjet Technology	Pair Corr
0.42	ENR	Energizer Holdings	Pair Corr
0.42	GWH	ESS Tech	Pair Corr
0.36	ELPW	Elong Power Holding	Pair Corr
0.87	ADSEW	ADS TEC ENERGY	Pair Corr
0.77	GAUZ	Gauzy Ordinary	Pair Corr
0.54	LNKS	Linkers Industries	Pair Corr
0.68	OESX	Orion Energy Systems	Pair Corr
0.48	SKYX	SKYX Platforms Corp	Pair Corr
0.36	ADSE	Ads Tec Energy	Pair Corr

Related Correlations Analysis

	ENVX	DFLI	SLDP	GWH	SHPH	SUNE	SOBR	PXMD	ILAG
ENVX		-0.81	0.96	-0.42	-0.6	-0.37	0.27	0.0	0.68	ENVX
DFLI	-0.81		-0.86	0.72	0.87	0.58	0.12	0.0	-0.84	DFLI
SLDP	0.96	-0.86		-0.54	-0.68	-0.39	0.2	0.0	0.78	SLDP
GWH	-0.42	0.72	-0.54		0.77	0.49	0.17	0.0	-0.7	GWH
SHPH	-0.6	0.87	-0.68	0.77		0.56	0.22	0.0	-0.73	SHPH
SUNE	-0.37	0.58	-0.39	0.49	0.56		0.46	0.0	-0.41	SUNE
SOBR	0.27	0.12	0.2	0.17	0.22	0.46		0.0	-0.06	SOBR
PXMD	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	PXMD
ILAG	0.68	-0.84	0.78	-0.7	-0.73	-0.41	-0.06	0.0		ILAG
	ENVX	DFLI	SLDP	GWH	SHPH	SUNE	SOBR	PXMD	ILAG

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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

SLDP	+ 0.96	ENVX
SHPH	+ 0.87	DFLI
ILAG	+ 0.78	SLDP
SHPH	+ 0.77	GWH
GWH	+ 0.72	DFLI
ILAG	+ 0.68	ENVX

High negative correlations

SLDP	- 0.86	DFLI
ILAG	- 0.84	DFLI
DFLI	- 0.81	ENVX
ILAG	- 0.73	SHPH
ILAG	- 0.7	GWH
SHPH	- 0.68	SLDP

Risk-Adjusted Indicators

There is a big difference between Amprius Stock performing well and Amprius 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 Amprius 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
ENVX	3.71	1.34	0.37	0.94	2.78	(4.50)	9.56	(5.58)	26.83
DFLI	5.54	(1.83)	0.00	(3.09)	0.00	0.00	12.50	(12.07)	40.56
SLDP	4.75	1.95	0.39	2.97	3.45	(5.91)	14.72	(7.18)	24.24
GWH	8.88	0.28	0.04	0.27	10.02	(13.28)	17.97	(16.41)	124.38
SHPH	5.64	(0.81)	0.00	(0.78)	0.00	0.00	14.91	(13.93)	54.59
SUNE	5.52	(1.53)	0.00	(0.34)	0.00	0.00	8.81	(11.87)	95.05
SOBR	4.96	0.01	(0.01)	0.15	5.77	(5.54)	10.03	(8.79)	48.90
PXMD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ILAG	4.94	0.71	0.11	0.44	6.13	(6.45)	10.64	(7.69)	52.34

Amprius Technologies Corporate Management

Constantin Stefan	Chief Officer	Profile
Jonathan Bornstein	Chief Officer	Profile
Sandra Wallach	Chief Officer	Profile
Ronnie Tao	Vice Sales	Profile
Siyu Jiang	Vice Affairs	Profile
Scott Zafiropoulo	Senior Marketing	Profile

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