Advanced Micro Correlations

AMD Stock

USD 113.85 7.41 6.96%

The current 90-days correlation between Advanced Micro Devices and Intel is 0.25 (i.e., Modest diversification). The correlation of Advanced Micro 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.

Advanced Micro Correlation With Market

Very weak diversification

The correlation between Advanced Micro Devices and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Advanced Micro Devices and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Advanced Micro Devices. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Advanced Stock

0.67	S	SentinelOne	Pair Corr
0.79	NN	Nextnav Acquisition Corp Tech Boost	Pair Corr
0.71	VRAR	Glimpse Group	Pair Corr
0.83	VRNS	Varonis Systems	Pair Corr
0.82	VRNT	Verint Systems Earnings Call Tomorrow	Pair Corr
0.89	EXTR	Extreme Networks	Pair Corr
0.81	CRM	Salesforce	Pair Corr
0.77	HPE	Hewlett Packard Ente Aggressive Push	Pair Corr
0.66	HPQ	HP Inc	Pair Corr
0.74	MSI	Motorola Solutions	Pair Corr
0.84	TDC	Teradata Corp	Pair Corr
0.67	WBX	Wallbox NV	Pair Corr
0.87	ZBRA	Zebra Technologies	Pair Corr
0.61	JNPR	Juniper Networks	Pair Corr
0.87	LITE	Lumentum Holdings Buyout Trend	Pair Corr
0.61	NTGR	NETGEAR	Pair Corr
0.74	AIRG	Airgain	Pair Corr

Moving against Advanced Stock

0.86	VRSN	VeriSign	Pair Corr
0.67	JG	Aurora Mobile	Pair Corr
0.48	MQ	Marqeta	Pair Corr
0.43	BB	BlackBerry Earnings Call Next Week	Pair Corr
0.36	ZS	Zscaler	Pair Corr
0.31	DOCN	DigitalOcean Holdings	Pair Corr
0.79	NOK	Nokia Corp ADR	Pair Corr
0.37	FTNT	Fortinet	Pair Corr
0.37	MLGO	MicroAlgo Trending	Pair Corr
0.82	WM	Waste Management	Pair Corr
0.81	BRK-A	Berkshire Hathaway	Pair Corr

Related Correlations Analysis

	TSM	INTC	MRVL	MU	NVDA	AVGO
TSM		-0.38	0.94	0.25	0.83	0.8	TSM
INTC	-0.38		-0.44	0.41	-0.07	-0.26	INTC
MRVL	0.94	-0.44		0.16	0.81	0.74	MRVL
MU	0.25	0.41	0.16		0.33	0.02	MU
NVDA	0.83	-0.07	0.81	0.33		0.71	NVDA
AVGO	0.8	-0.26	0.74	0.02	0.71		AVGO
	TSM	INTC	MRVL	MU	NVDA	AVGO

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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

MRVL	+ 0.94	TSM
NVDA	+ 0.83	TSM
NVDA	+ 0.81	MRVL
AVGO	+ 0.8	TSM
AVGO	+ 0.74	MRVL
AVGO	+ 0.71	NVDA

High negative correlations

MRVL	- 0.44	INTC
INTC	- 0.38	TSM
AVGO	- 0.26	INTC
NVDA	- 0.07	INTC

Risk-Adjusted Indicators

There is a big difference between Advanced Stock performing well and Advanced Micro 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 Advanced Micro'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
TSM	2.19	(0.10)	0.00	(0.16)	0.00	0.00	4.06	(4.55)	18.80
INTC	2.91	0.34	0.11	0.33	2.89	(3.62)	7.34	(5.58)	23.00
MRVL	3.46	(0.62)	0.00	(0.33)	0.00	0.00	4.07	(7.64)	25.99
MU	3.26	(0.04)	0.00	(0.08)	0.00	0.00	6.23	(6.33)	22.15
NVDA	2.93	0.01	0.00	(0.03)	0.00	0.00	5.21	(6.22)	21.42
AVGO	2.42	(0.32)	0.00	0.74	0.00	0.00	4.51	(6.05)	20.89

Advanced Micro Corporate Management

Martin Ashton	Senior Architecture	Profile
Richard Bergman	Exec Group	Profile
Philip Carter	Corporate Officer	Profile
Darla Smith	Corporate Officer	Profile
Thomas Zacharia	Senior policy	Profile

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