AP Mller Correlations

AMKBF Stock

USD 2,380 30.00 1.28%

The current 90-days correlation between AP Mller and COSCO SHIPPING Holdings is 0.06 (i.e., Significant 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

Very poor diversification

The correlation between AP Mller and DJI is 0.86 (i.e., Very poor 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

0.94	AMKBY	AP Moeller Maersk Earnings Call This Week	Pair Corr
0.92	AMKAF	AP Moeller Earnings Call This Week	Pair Corr
0.73	HGKGY	Power Assets Holdings	Pair Corr
0.78	NGLOY	Anglo American PLC	Pair Corr
0.71	AMDUF	Amundi SA Earnings Call Tomorrow	Pair Corr
0.75	ITOCY	Itochu Corp ADR Earnings Call This Week	Pair Corr
0.7	LONA	LeonaBio Symbol Change	Pair Corr
0.84	MAMA	Mamas Creations	Pair Corr
0.65	ANCTF	Alimentation Couchen Tard	Pair Corr

Moving against AMKBF Pink Sheet

0.75	PBCRY	Bank Central Asia	Pair Corr
0.5	BKRKF	PT Bank Rakyat	Pair Corr
0.47	PTAIF	PT Astra International	Pair Corr
0.56	ENGGF	Enags SA	Pair Corr

Related Correlations Analysis

	CICOF	CICOY	HPGLY	HLAGF	DTGHF	FUJIF	PRYMY	KMTUF	KMTUY	EJPRF
CICOF		-0.08	-0.26	-0.33	-0.07	-0.05	0.1	0.04	0.05	0.14	CICOF
CICOY	-0.08		-0.25	0.07	-0.15	0.08	-0.28	-0.22	-0.24	0.0	CICOY
HPGLY	-0.26	-0.25		0.55	0.44	-0.12	0.4	0.39	0.41	0.37	HPGLY
HLAGF	-0.33	0.07	0.55		0.21	0.1	0.24	0.42	0.41	0.28	HLAGF
DTGHF	-0.07	-0.15	0.44	0.21		-0.79	0.77	0.38	0.42	0.68	DTGHF
FUJIF	-0.05	0.08	-0.12	0.1	-0.79		-0.49	-0.06	-0.08	-0.49	FUJIF
PRYMY	0.1	-0.28	0.4	0.24	0.77	-0.49		0.72	0.76	0.75	PRYMY
KMTUF	0.04	-0.22	0.39	0.42	0.38	-0.06	0.72		0.97	0.59	KMTUF
KMTUY	0.05	-0.24	0.41	0.41	0.42	-0.08	0.76	0.97		0.59	KMTUY
EJPRF	0.14	0.0	0.37	0.28	0.68	-0.49	0.75	0.59	0.59		EJPRF
	CICOF	CICOY	HPGLY	HLAGF	DTGHF	FUJIF	PRYMY	KMTUF	KMTUY	EJPRF

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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

KMTUY	+ 0.97	KMTUF
PRYMY	+ 0.77	DTGHF
KMTUY	+ 0.76	PRYMY
EJPRF	+ 0.75	PRYMY
KMTUF	+ 0.72	PRYMY
EJPRF	+ 0.68	DTGHF

High negative correlations

FUJIF	- 0.79	DTGHF
EJPRF	- 0.49	FUJIF
PRYMY	- 0.49	FUJIF
HLAGF	- 0.33	CICOF
PRYMY	- 0.28	CICOY
HPGLY	- 0.26	CICOF

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
CICOF	1.06	0.00	(0.01)	0.01	1.67	(5.84)	3.45	(4.22)	21.91
CICOY	1.08	0.03	0.01	0.15	1.22	(1.37)	2.87	(1.92)	7.11
HPGLY	0.98	0.02	0.00	0.14	1.53	(2.98)	3.24	(3.76)	17.00
HLAGF	1.64	0.05	0.01	0.07	2.14	(6.88)	8.46	(6.33)	20.08
DTGHF	1.19	0.23	0.09	0.35	1.22	(2.13)	4.09	(3.17)	9.44
FUJIF	1.14	(0.35)	0.00	(0.37)	0.00	0.00	0.00	(5.53)	22.42
PRYMY	1.68	0.16	0.07	0.19	1.98	(1.74)	3.70	(3.29)	8.99
KMTUF	1.68	0.03	0.00	0.11	1.96	(1.73)	3.71	(3.38)	9.68
KMTUY	1.29	(0.02)	(0.01)	0.02	1.93	(1.31)	3.01	(2.87)	8.04
EJPRF	0.45	0.13	0.00	0.47	0.00	0.00	0.00	0.00	10.10

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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