Amadeus IT Correlations

Stocks . Germany . 
Stock . Amadeus IT Group
AI3A Stock  EUR 66.98  0.76  1.15%   
The current 90-days correlation between Amadeus IT Group and COLUMBIA SPORTSWEAR is 0.06 (i.e., Significant diversification). The correlation of Amadeus IT 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.

Amadeus IT Correlation With Market

Average diversification

The correlation between Amadeus IT Group and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amadeus IT Group and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Amadeus IT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amadeus IT 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 Amadeus IT - 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 Amadeus IT Group to buy it.

Moving together with Amadeus Stock

  0.9AI3B AMADEUS IT GRPPairCorr
  0.65KMBA SK TELECOM TDADRPairCorr

Moving against Amadeus Stock

  0.77GGG GUDANG GARAMPairCorr
  0.71IBM International BusinessPairCorr
  0.66IBM International BusinessPairCorr
  0.622H51 Ocugen IncPairCorr
  0.56KBIA KB Financial GroupPairCorr
  0.554FG Fuyao Glass IndustryPairCorr
  0.48KSF1 SHINHAN FINL ADR1PairCorr
  0.44BSN Danone SAPairCorr
  0.429NPA NIPPON PROLOGIS REITPairCorr
  0.37FUJA FUJITSU LTD ADRPairCorr
  0.350S2 UNITED URBAN INVPairCorr
  0.814KS VIMEO INC DLPairCorr
  0.72CW7 Shougang Concord Century SplitPairCorr
  0.71SEG1 Southern Silver ExplPairCorr
  0.7DWD Morgan StanleyPairCorr
  0.68W5E Peel Mining LimitedPairCorr
  0.61EDL Edel SEPairCorr
  0.58690D Haier Smart HomePairCorr
  0.58HAL HalliburtonPairCorr
  0.55S3X Sumco Earnings Call TodayPairCorr
  0.55KGHA KGHM Polska Miedz Earnings Call This WeekPairCorr
  0.55NOA3 NokiaPairCorr
  0.49FRI FAIR ISAACPairCorr
  0.48XONA Exxon MobilPairCorr
  0.4DBPD Xtrackers ShortDAXPairCorr
  0.36RGN RepligenPairCorr

Related Correlations Analysis


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

CVS
+ 0.87
GHC
7RA
+ 0.74
9JD
CLH
+ 0.56
GHC
CVS
+ 0.52
7RA
CLH
+ 0.49
CVS
CVS
+ 0.36
9JD
  

High negative correlations

CVS
- 0.55
8HX
8HX
- 0.51
9JD
7RA
- 0.5
8HX
GHC
- 0.5
8HX
CLH
- 0.42
8HX
CLH
- 0.41
CUW

Risk-Adjusted Indicators

There is a big difference between Amadeus Stock performing well and Amadeus IT 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 Amadeus IT'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Amadeus IT 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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Amadeus IT Corporate Management

Elected by the shareholders, the Amadeus IT's board of directors comprises two types of representatives: Amadeus IT inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Amadeus. The board's role is to monitor Amadeus IT's management team and ensure that shareholders' interests are well served. Amadeus IT's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Amadeus IT's outside directors are responsible for providing unbiased perspectives on the board's policies.
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