Amadeus IT Correlations

AMADY Stock

USD 80.25 0.28 0.35%

The current 90-days correlation between Amadeus IT Holding and Yatra Online 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Amadeus IT Correlation With Market

Modest diversification

The correlation between Amadeus IT Holding and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amadeus IT Holding 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 Holding to buy it.

Moving together with Amadeus Pink Sheet

0.62	AMADF	Amadeus IT Group	Pair Corr
0.61	MCD	McDonalds	Pair Corr

Moving against Amadeus Pink Sheet

0.62	NVDA	NVIDIA	Pair Corr
0.58	GOOG	Alphabet Class C	Pair Corr
0.47	AMZN	Amazon Inc	Pair Corr
0.42	CCL	Carnival Earnings Call Tomorrow	Pair Corr
0.37	MSFT	Microsoft	Pair Corr
0.52	HPQ	HP Inc	Pair Corr
0.52	AXP	American Express	Pair Corr
0.46	CAT	Caterpillar	Pair Corr
0.45	BAC	Bank of America	Pair Corr
0.44	AA	Alcoa Corp	Pair Corr
0.33	DIS	Walt Disney	Pair Corr
0.31	BA	Boeing	Pair Corr

Related Correlations Analysis

	ARMV	YTRA	MMYT	TOUR	AMADF	ABNB	SOSAF	TUIFF	ISPO	NCLH
ARMV		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ARMV
YTRA	0.0		0.81	-0.64	-0.76	-0.07	0.55	0.9	0.05	0.76	YTRA
MMYT	0.0	0.81		-0.57	-0.61	-0.11	0.36	0.84	-0.03	0.76	MMYT
TOUR	0.0	-0.64	-0.57		0.6	-0.19	-0.42	-0.51	-0.32	-0.75	TOUR
AMADF	0.0	-0.76	-0.61	0.6		-0.02	-0.53	-0.64	-0.18	-0.69	AMADF
ABNB	0.0	-0.07	-0.11	-0.19	-0.02		-0.21	-0.24	-0.02	0.26	ABNB
SOSAF	0.0	0.55	0.36	-0.42	-0.53	-0.21		0.48	0.34	0.37	SOSAF
TUIFF	0.0	0.9	0.84	-0.51	-0.64	-0.24	0.48		-0.1	0.63	TUIFF
ISPO	0.0	0.05	-0.03	-0.32	-0.18	-0.02	0.34	-0.1		0.35	ISPO
NCLH	0.0	0.76	0.76	-0.75	-0.69	0.26	0.37	0.63	0.35		NCLH
	ARMV	YTRA	MMYT	TOUR	AMADF	ABNB	SOSAF	TUIFF	ISPO	NCLH

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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

TUIFF	+ 0.9	YTRA
TUIFF	+ 0.84	MMYT
MMYT	+ 0.81	YTRA
NCLH	+ 0.76	YTRA
NCLH	+ 0.76	MMYT
NCLH	+ 0.63	TUIFF

High negative correlations

AMADF	- 0.76	YTRA
NCLH	- 0.75	TOUR
NCLH	- 0.69	AMADF
TUIFF	- 0.64	AMADF
TOUR	- 0.64	YTRA
AMADF	- 0.61	MMYT

Risk-Adjusted Indicators

There is a big difference between Amadeus Pink Sheet 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
ARMV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
YTRA	2.10	(0.77)	0.00	(2.61)	0.00	0.00	3.00	(4.85)	13.13
MMYT	2.38	(0.13)	0.00	(0.24)	0.00	0.00	4.54	(5.25)	15.50
TOUR	1.89	0.04	0.03	0.11	2.31	(2.53)	4.72	(3.88)	14.76
AMADF	2.59	0.21	0.09	(1.15)	2.83	(2.81)	5.68	(5.34)	11.89
ABNB	1.82	0.07	0.03	0.00	2.49	(1.89)	3.76	(5.08)	20.40
SOSAF	0.53	(0.14)	0.00	1.32	0.00	0.00	0.00	0.00	16.22
TUIFF	0.88	(0.19)	0.00	(0.52)	0.00	0.00	0.24	(4.42)	10.85
ISPO	4.61	0.50	0.11	(6.13)	4.75	(5.58)	11.39	(8.40)	23.42
NCLH	2.20	(0.28)	0.00	(0.26)	0.00	0.00	4.04	(5.31)	14.35

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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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Amadeus IT Corporate Management

Wolfgang Krips	Executive VP of Global Operations and General Manager of Amadeus Data Processing	Profile
Francisco Rter	Pres Hospitality	Profile
Jackson Pek	Sr Counsel	Profile
Ana Heras	Culture, People	Profile
Till Streichert	Chief Officer	Profile

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