AMAZON DRN Correlations

AMZO34
  

BRL 31.17  0.08  0.26%   

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

Moving together with AMAZON DRN

+0.66TSLA34TESLA INC DRNPairCorr
+0.72WFCO34WELLS FARGO DRNPairCorr

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   
  
High negative correlations   
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AMAZON DRN Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between AMAZON Stock performing well and AMAZON DRN 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 AMAZON DRN'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 2.08  0.52  0.16  0.39  2.54  0.13 (2.14)  4.32 (3.72)  23.58 
MSFT 1.36 (0.03)  0.00 (0.08)  0.00 (0.0244)  0.00  2.85 (2.94)  12.18 
UBER 2.76  0.63  0.19  0.44  2.57  0.15 (2.97)  5.77 (5.13)  25.11 
F 2.35  0.33  0.09  0.12  3.13  0.09 (2.58)  5.30 (5.04)  18.45 
T 1.08 (0.42)  0.00 (0.63)  0.00 (0.26)  0.00  1.32 (2.75)  8.93 
A 1.69  0.22  0.11  0.12  1.72  0.09 (2.08)  3.98 (3.13)  11.69 
CRM 1.97 (0.06)  0.00 (0.10)  0.00 (0.033)  0.00  3.94 (3.96)  10.76 
JPM 1.42  0.04  0.00 (0.03)  0.00  0.0141  0.00  3.03 (2.88)  8.06 
MRK 0.88 (0.06)  0.00 (0.21)  0.00 (0.0249)  0.00  1.66 (1.87)  4.58 
XOM 1.80  0.39  0.19  0.40  1.88  0.18 (2.09)  4.04 (3.24)  9.95 

Be your own money manager

Our tools can tell you how much better you can do entering a position in AMAZON DRN 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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AMAZON DRN Corporate Directors

AMAZON DRN corporate directors refer to members of an AMAZON DRN board of directors. The board of directors generally takes responsibility for the AMAZON DRN's 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 AMAZON DRN's board members must vote for the resolution. The AMAZON DRN board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
John Brown - Independent DirectorProfile
Thomas Alberg - Lead Independent DirectorProfile
Rosalind Brewer - DirectorProfile
Jonathan Rubinstein - Independent DirectorProfile

Invested in AMAZON DRN?

The danger of trading AMAZON DRN 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 AMAZON DRN 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 AMAZON DRN. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile AMAZON DRN 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 AMAZON DRN information on this page should be used as a complementary analysis to other AMAZON DRN'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 CEO Directory module to screen CEOs from public companies around the world.

Other Tools for AMAZON Stock

When running AMAZON DRN price analysis, check to measure AMAZON DRN'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 AMAZON DRN is operating at the current time. Most of AMAZON DRN's value examination focuses on studying past and present price action to predict the probability of AMAZON DRN's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move AMAZON DRN's price. Additionally, you may evaluate how the addition of AMAZON DRN to your portfolios can decrease your overall portfolio volatility.
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