Ambrx Biopharma Correlations

The correlation of Ambrx Biopharma is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ambrx Biopharma moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ambrx Biopharma moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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The ability to find closely correlated positions to Ambrx Biopharma could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ambrx Biopharma 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 Ambrx Biopharma - 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 Ambrx Biopharma to buy it.

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
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High negative correlations   

Ambrx Biopharma Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Ambrx Biopharma stock performing well and Ambrx Biopharma company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Ambrx Biopharma's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
TWTR 2.81  0.10  0.05 (0.01)  3.51  0.04 (2.99)  5.66 (5.40)  36.79 
MSFT 1.92  0.00  0.00 (0.19)  0.00 (0.0357)  0.00  2.97 (4.24)  9.36 
UBER 3.35 (0.41)  0.00 (0.42)  0.00 (0.14)  0.00  6.32 (7.19)  18.56 
F 2.40 (0.33)  0.00 (0.40)  0.00 (0.15)  0.00  3.68 (5.54)  16.83 
T 1.31  0.40  0.28  0.41  1.37  0.26 (1.50)  2.99 (2.47)  12.17 
A 1.98  0.03  0.00 (0.17)  0.00 (0.0044)  0.00  3.19 (3.50)  9.78 
CRM 2.64 (0.04)  0.00 (0.21)  0.00 (0.05)  0.00  6.33 (5.28)  16.84 
JPM 1.46 (0.10)  0.00 (0.29)  0.00 (0.06)  0.00  2.98 (3.00)  10.78 
MRK 1.08  0.30  0.34  0.40  0.99  0.28 (1.26)  2.16 (1.65)  7.61 
XOM 1.96  0.31  0.10  0.14  2.96  0.13 (1.71)  3.03 (3.96)  11.86 

View Currently Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Ambrx Biopharma stock to make a market-neutral strategy. Peer analysis of Ambrx Biopharma could also be used in its relative valuation, which is a method of valuing Ambrx Biopharma by comparing valuation metrics with similar companies.

Ambrx Biopharma Corporate Management

Elected by the shareholders, the Ambrx Biopharma's board of directors comprises two types of representatives: Ambrx Biopharma inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ambrx. The board's role is to monitor Ambrx Biopharma's management team and ensure that shareholders' interests are well served. Ambrx Biopharma'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, Ambrx Biopharma's outside directors are responsible for providing unbiased perspectives on the board's policies.
Olivia Ware - Independent DirectorProfile
Xiao Le - DirectorProfile
Xiaowei Chang - DirectorProfile
Katrin Rupalla - Independent DirectorProfile
Simon Allen - Chief Business OfficerProfile

Investing Ambrx Biopharma

You need to understand the risk of investing before taking a position in Ambrx Biopharma. The danger of trading Ambrx Biopharma is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Ambrx Biopharma is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Ambrx Biopharma. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ambrx Biopharma is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please continue to Trending Equities. Note that the Ambrx Biopharma information on this page should be used as a complementary analysis to other Ambrx Biopharma's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.

Other Tools for Ambrx Stock

When running Ambrx Biopharma price analysis, check to measure Ambrx Biopharma's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ambrx Biopharma is operating at the current time. Most of Ambrx Biopharma's value examination focuses on studying past and present price action to predict the probability of Ambrx Biopharma's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Ambrx Biopharma's price. Additionally, you may evaluate how the addition of Ambrx Biopharma to your portfolios can decrease your overall portfolio volatility.
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