Ambarella Correlations

AMBA Stock

USD 84.16 1.96 2.28%

The current 90-days correlation between Ambarella and Axcelis Technologies is 0.25 (i.e., Modest diversification). The correlation of Ambarella 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.

Ambarella Correlation With Market

Weak diversification

The correlation between Ambarella and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ambarella and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Ambarella Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ambarella. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For information on how to trade Ambarella Stock refer to our How to Trade Ambarella Stock guide.

Moving together with Ambarella Stock

0.71	FSLR	First Solar	Pair Corr
0.64	JKS	JinkoSolar Holding	Pair Corr
0.72	INTC	Intel	Pair Corr
0.76	SEDG	SolarEdge Technologies	Pair Corr
0.88	TSEM	Tower Semiconductor	Pair Corr
0.61	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.68	EONR	EON Resources	Pair Corr
0.88	UI	Ubiquiti Networks	Pair Corr
0.77	WAFU	Wah Fu Education	Pair Corr
0.83	BMEZ	BlackRock Health Sciences	Pair Corr
0.72	HWH	HWH International	Pair Corr
0.69	HD	Home Depot	Pair Corr
0.64	TR	Tootsie Roll Industries	Pair Corr
0.83	RR	Richtech Robotics Class Trending	Pair Corr
0.71	NTIP	Network 1 Technologies	Pair Corr
0.64	SSVFF	Southern Silver Expl	Pair Corr
0.79	PBNAF	Pembina Pipeline	Pair Corr

Moving against Ambarella Stock

0.81	PBCRY	Bank Central Asia	Pair Corr
0.69	PPERY	Bank Mandiri Persero	Pair Corr
0.48	PPERF	Bank Mandiri Persero	Pair Corr
0.48	PTAIF	PT Astra International	Pair Corr
0.46	BKRKF	PT Bank Rakyat	Pair Corr
0.37	PBCRF	PT Bank Central	Pair Corr
0.52	FARO	FARO Technologies	Pair Corr
0.47	MRAI	Marpai Inc	Pair Corr

Related Correlations Analysis

	ACLS	KLIC	UCTT	COHU	ASYS	AEHR	PLAB	LRCX	KLAC	IPGP
ACLS		0.91	0.72	0.69	0.91	0.88	0.88	0.88	0.8	0.62	ACLS
KLIC	0.91		0.84	0.83	0.89	0.81	0.87	0.86	0.79	0.62	KLIC
UCTT	0.72	0.84		0.66	0.75	0.68	0.67	0.88	0.91	0.36	UCTT
COHU	0.69	0.83	0.66		0.65	0.54	0.66	0.58	0.55	0.48	COHU
ASYS	0.91	0.89	0.75	0.65		0.91	0.87	0.88	0.77	0.66	ASYS
AEHR	0.88	0.81	0.68	0.54	0.91		0.91	0.81	0.69	0.78	AEHR
PLAB	0.88	0.87	0.67	0.66	0.87	0.91		0.79	0.65	0.83	PLAB
LRCX	0.88	0.86	0.88	0.58	0.88	0.81	0.79		0.96	0.48	LRCX
KLAC	0.8	0.79	0.91	0.55	0.77	0.69	0.65	0.96		0.28	KLAC
IPGP	0.62	0.62	0.36	0.48	0.66	0.78	0.83	0.48	0.28		IPGP
	ACLS	KLIC	UCTT	COHU	ASYS	AEHR	PLAB	LRCX	KLAC	IPGP

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Risk-Adjusted Indicators

There is a big difference between Ambarella Stock performing well and Ambarella 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 Ambarella'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
ACLS	2.09	0.24	0.11	0.25	2.12	(2.39)	5.01	(3.88)	13.94
KLIC	1.70	0.07	0.06	0.12	1.48	(2.17)	4.70	(2.60)	12.39
UCTT	2.44	0.11	0.07	0.12	2.57	(2.71)	6.10	(4.16)	12.32
COHU	2.11	(0.10)	(0.02)	0.00	2.78	(2.27)	5.35	(3.61)	17.47
ASYS	4.07	1.09	0.31	0.66	3.02	(5.08)	10.66	(6.32)	31.58
AEHR	5.47	1.15	0.28	0.48	4.27	(7.53)	11.32	(7.76)	43.62
PLAB	1.94	0.17	0.12	0.15	1.82	(2.30)	6.75	(3.00)	11.49
LRCX	1.62	0.55	0.22	0.70	1.87	(1.80)	3.62	(3.78)	10.68
KLAC	1.41	0.25	0.08	0.45	2.35	(1.45)	3.48	(3.52)	11.69
IPGP	1.62	0.12	0.08	0.14	1.95	(1.60)	3.71	(3.22)	8.22

Ambarella Corporate Management

Christopher Day	VP of Marketing and Bus. Devel.	Profile
John Young	Chief Officer	Profile
Amee OrozcoGuiriba	Vice Resources	Profile
Chan Lee	Chief Officer	Profile
Michael Morehead	General Secretary	Profile
ChiHong Ju	Senior Centers	Profile

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