A-Mark Precious Correlations

AMRK
 Stock
  

USD 32.85  0.64  1.91%   

The correlation of A-Mark Precious 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 A-Mark Precious moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if A-Mark Precious Meta 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 A-Mark Precious could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace A-Mark Precious 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 A-Mark Precious - 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 A-Mark Precious Meta to buy it.

Moving together with A-Mark Precious

0.71ARBKArgo Blockchain PlcPairCorr
0.61ATIFAtif HoldingsPairCorr
0.63ATYMASIA TIME CORPPairCorr
0.67BITFBitfarmsPairCorr
0.72BTCSBTCS INCPairCorr
0.62CIFRCipher MiningPairCorr
0.7COHNCohen IncPairCorr
0.78EVREvercore PartnersPairCorr

Moving against A-Mark Precious

0.65HGBLHeritage GlobalPairCorr

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   
FUBER
FMSFT
UBERMSFT
AMSFT
AF
XOMJPM
  
High negative correlations   
MRKTWTR
TF
TUBER
MRKF
MRKUBER
TTWTR

A-Mark Precious Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between A-Mark Precious stock performing well and A-Mark Precious 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 A-Mark Precious' 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 2.32 (0.16)  0.00 (0.23)  0.00 (0.0465)  0.00  4.00 (5.55)  17.65 
MSFT 1.75  0.05  0.02  0.02  2.28  0.0179 (1.79)  2.97 (4.24)  7.83 
UBER 3.74  0.26  0.05  0.15  4.76  0.05 (3.67)  6.40 (7.19)  16.91 
F 2.63  0.15  0.04  0.06  3.16  0.0408 (2.84)  5.27 (5.54)  16.83 
T 1.15 (0.04)  0.00 (0.08)  0.00 (0.0233)  0.00  2.20 (2.45)  10.81 
A 1.93  0.17  0.07  0.12  2.26  0.07 (2.10)  4.22 (3.29)  9.78 
CRM 2.58  0.17  0.05  0.08  3.11  0.0473 (2.73)  5.77 (5.16)  16.84 
JPM 1.46 (0.05)  0.00 (0.06)  0.00 (0.0288)  0.00  3.31 (2.51)  10.79 
MRK 0.98  0.02  0.02  0.04  1.24  0.0246 (0.97)  1.83 (2.50)  6.96 
XOM 2.10  0.06  0.02  0.05  2.98  0.0228 (1.93)  3.97 (4.21)  11.86 

Be your own money manager

Our tools can tell you how much better you can do entering a position in A-Mark Precious without increasing your portfolio risk or giving up 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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A-Mark Precious Corporate Directors

A-Mark Precious corporate directors refer to members of an A-Mark Precious board of directors. The board of directors generally takes responsibility for the A-Mark Precious' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of A-Mark Precious' board members must vote for the resolution. The A-Mark Precious board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
John Moorhead - Independent DirectorProfile
Ellis Landau - Independent DirectorProfile
Beverley Lepine - Independent DirectorProfile
Joel Anderson - Independent DirectorProfile

Invested in A-Mark Precious Meta?

You need to understand the risk of investing before taking a position in A-Mark Precious. The danger of trading A-Mark Precious Meta 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 A-Mark Precious 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 A-Mark Precious. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile A-Mark Precious Meta 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 A-Mark Precious Meta information on this page should be used as a complementary analysis to other A-Mark Precious' 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 Global Correlations module to find global opportunities by holding instruments from different markets.

Complementary Tools for A-Mark Stock analysis

When running A-Mark Precious Meta price analysis, check to measure A-Mark Precious' 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 A-Mark Precious is operating at the current time. Most of A-Mark Precious' value examination focuses on studying past and present price action to predict the probability of A-Mark Precious' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move A-Mark Precious' price. Additionally, you may evaluate how the addition of A-Mark Precious to your portfolios can decrease your overall portfolio volatility.
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Is A-Mark Precious' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of A-Mark Precious. If investors know A-Mark will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about A-Mark Precious listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.65
Market Capitalization
768 M
Quarterly Revenue Growth YOY
0.029
Return On Assets
0.0858
Return On Equity
0.39
The market value of A-Mark Precious Meta is measured differently than its book value, which is the value of A-Mark that is recorded on the company's balance sheet. Investors also form their own opinion of A-Mark Precious' value that differs from its market value or its book value, called intrinsic value, which is A-Mark Precious' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because A-Mark Precious' market value can be influenced by many factors that don't directly affect A-Mark Precious' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between A-Mark Precious' value and its price as these two are different measures arrived at by different means. Investors typically determine A-Mark Precious value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, A-Mark Precious' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.