ABN AMRO Correlations

Stocks . Germany . 
Stock . ABN AMRO Bank
AB2 Stock   14.54  0.01  0.07%   
The current 90-days correlation between ABN AMRO Bank and Apple Inc is -0.07 (i.e., Good diversification). The correlation of ABN AMRO 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. If the correlation is 0, the equities are not correlated; they are entirely random.

ABN AMRO Correlation With Market

Significant diversification

The correlation between ABN AMRO Bank and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ABN AMRO Bank and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to ABN AMRO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ABN AMRO 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 ABN AMRO - 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 ABN AMRO Bank to buy it.

Moving together with ABN Stock

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  0.77SSUN Samsung ElectronicsPairCorr
  0.77SSUN Samsung ElectronicsPairCorr
  0.82SSU Samsung ElectronicsPairCorr
  0.7TCID Telkom Indonesia TbkPairCorr
  0.71PTI Perusahaan PerseroanPairCorr
  0.68TCID Telkom Indonesia TbkPairCorr
  0.76TCID Telkom Indonesia TbkPairCorr

Moving against ABN Stock

  0.79APC Apple IncPairCorr
  0.79APC Apple IncPairCorr
  0.78APC Apple IncPairCorr
  0.78APC Apple IncPairCorr
  0.78APC Apple IncPairCorr
  0.78APC Apple IncPairCorr
  0.73MSF MicrosoftPairCorr
  0.72MSF MicrosoftPairCorr
  0.72MSF MicrosoftPairCorr
  0.71MSF MicrosoftPairCorr
  0.882CDA Controladora Vuela CompaaPairCorr
  0.86WD5A TRAVEL LEISURE DLPairCorr
  0.82EN3 EnbridgePairCorr
  0.822T9A TRAINLINE PLC LSPairCorr
  0.8FFH Fifth Third BancorpPairCorr
  0.78WX7 Corporate Office ProPairCorr
  0.73MSF MicrosoftPairCorr
  0.720XHR Xenia Hotels ResortsPairCorr
  0.7TSFA Taiwan SemiconductorPairCorr
  0.6RS6 RELIANCE STEEL ALPairCorr
  0.58KOMA KOMATSU LTD SPONSPairCorr
  0.47D4G Datametrex AI LimitedPairCorr
  0.4H1Q China BlueChemicalPairCorr
  0.88WX1 Acadia Realty TrustPairCorr
  0.86RC2 RCM TECHNOLOGIESPairCorr
  0.82PPB Flutter Entertainment PLCPairCorr
  0.81LIE Sun Life FinancialPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between ABN Stock performing well and ABN AMRO 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 ABN AMRO'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
APC  0.88  0.26  0.19  1.74  0.89 
(0.99)
 1.81 
(1.75)
 4.97 
APC  0.85  0.26  0.17  7.29  0.98 
(0.93)
 1.88 
(1.73)
 5.24 
APC  0.86  0.26  0.20  8.20  0.84 
(0.95)
 2.06 
(1.76)
 4.50 
APC  0.93  0.27  0.16  97.97  1.04 
(0.99)
 2.22 
(1.83)
 6.45 
APC  0.95  0.29  0.22 (3.89) 0.74 
(1.11)
 2.83 
(1.69)
 5.24 
APC  0.84  0.27  0.19  1.43  1.00 
(0.95)
 1.88 
(1.61)
 6.46 
MSF  0.96  0.11  0.05  3.17  1.25 
(1.17)
 2.55 
(1.46)
 8.71 
MSF  1.05  0.00  0.04  0.00  1.38 
(1.17)
 2.35 
(1.75)
 9.11 
MSF  1.00  0.11  0.05  2.50  1.48 
(1.16)
 2.42 
(1.66)
 11.42 
MSF  0.92  0.11  0.04 (3.31) 1.33 
(1.00)
 2.04 
(1.49)
 8.79 

Be your own money manager

Our tools can tell you how much better you can do entering a position in ABN AMRO 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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