AMADEUS IT Correlations

AI3B Stock

EUR 66.00 0.50 0.76%

The current 90-days correlation between AMADEUS IT GRP and Direct Line Insurance is 0.02 (i.e., Significant diversification). The correlation of AMADEUS IT 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.

AMADEUS IT Correlation With Market

Significant diversification

The correlation between AMADEUS IT GRP and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AMADEUS IT GRP and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to AMADEUS IT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AMADEUS IT 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 AMADEUS IT - 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 AMADEUS IT GRP to buy it.

Moving together with AMADEUS Stock

0.63	CSA	Accenture plc	Pair Corr
0.97	AI3A	Amadeus IT Group	Pair Corr
0.66	74F	LIFE BANC SPLIT	Pair Corr
0.61	E908	Lyxor 1	Pair Corr
0.66	DBPE	Xtrackers LevDAX	Pair Corr

Moving against AMADEUS Stock

0.84	SG9	Strix Group Plc	Pair Corr
0.73	DBPD	Xtrackers ShortDAX	Pair Corr
0.51	0KJ	ABERFORTH SMCOS TRLS	Pair Corr
0.48	CGM	Capgemini SE	Pair Corr

Related Correlations Analysis

	2OX	PZX	D1LN	CE1	NRM	CE1	SQE	SFN
2OX		0.42	-0.26	0.9	0.73	0.9	0.69	0.69	2OX
PZX	0.42		-0.2	0.17	0.01	0.17	-0.13	-0.05	PZX
D1LN	-0.26	-0.2		-0.19	0.01	-0.19	-0.08	-0.1	D1LN
CE1	0.9	0.17	-0.19		0.87	1.0	0.91	0.84	CE1
NRM	0.73	0.01	0.01	0.87		0.87	0.85	0.8	NRM
CE1	0.9	0.17	-0.19	1.0	0.87		0.9	0.83	CE1
SQE	0.69	-0.13	-0.08	0.91	0.85	0.9		0.91	SQE
SFN	0.69	-0.05	-0.1	0.84	0.8	0.83	0.91		SFN
	2OX	PZX	D1LN	CE1	NRM	CE1	SQE	SFN

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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

CE1	+ 1.0	CE1
SQE	+ 0.91	CE1
SFN	+ 0.91	SQE
CE1	+ 0.9	2OX
CE1	+ 0.9	2OX
SQE	+ 0.9	CE1

High negative correlations

D1LN	- 0.26	2OX
D1LN	- 0.2	PZX
CE1	- 0.19	D1LN
CE1	- 0.19	D1LN
SQE	- 0.13	PZX
SFN	- 0.1	D1LN

Risk-Adjusted Indicators

There is a big difference between AMADEUS Stock performing well and AMADEUS IT 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 AMADEUS IT'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
2OX	1.77	0.63	0.33	1.25	1.13	(2.11)	4.90	(2.78)	15.12
PZX	2.99	0.87	0.18	(2.30)	3.04	(3.72)	8.08	(3.85)	37.97
D1LN	2.10	0.31	0.13	0.51	1.87	(3.00)	3.65	(3.64)	10.87
CE1	1.58	0.19	0.14	0.24	1.44	(2.15)	2.97	(2.52)	16.68
NRM	1.18	0.13	0.04	0.38	1.32	(1.46)	3.24	(2.22)	11.70
CE1	1.62	0.22	0.13	0.26	1.65	(2.10)	3.17	(2.53)	19.04
SQE	1.06	(0.02)	0.01	0.11	0.99	(1.55)	2.21	(1.87)	9.39
SFN	1.00	(0.07)	(0.07)	0.04	1.00	(1.62)	3.18	(2.03)	5.96

Be your own money manager

Our tools can tell you how much better you can do entering a position in AMADEUS IT 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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