AP Moeller Correlations

AMKAF Stock

USD 1,693 115.42 6.38%

The current 90-days correlation between AP Moeller and Hapag Lloyd Aktiengesellschaft is 0.3 (i.e., Weak diversification). The correlation of AP Moeller 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.

AP Moeller Correlation With Market

Very good diversification

The correlation between AP Moeller and DJI is -0.29 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AP Moeller and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with AMKAF Pink Sheet

0.88	AMKBY	AP Moeller Maersk	Pair Corr
0.87	AMKBF	AP Møller	Pair Corr
0.87	NPNYY	Nippon Yusen Kabushiki	Pair Corr
0.61	CWCO	Consolidated Water Earnings Call This Week	Pair Corr
0.84	CBYDF	Corby Spirit	Pair Corr
0.75	CDUAF	Canadian Utilities	Pair Corr
0.85	TCTZF	Tencent Holdings Downward Rally	Pair Corr

Moving against AMKAF Pink Sheet

0.79	PPERY	Bank Mandiri Persero	Pair Corr
0.77	BKRKY	Bank Rakyat	Pair Corr
0.73	PPERF	Bank Mandiri Persero	Pair Corr
0.64	TLK	Telkom Indonesia Tbk	Pair Corr
0.63	PBCRF	PT Bank Central	Pair Corr
0.59	PBCRY	Bank Central Asia	Pair Corr
0.47	TLKMF	Telkom Indonesia Tbk	Pair Corr

Related Correlations Analysis

	HLAGF	HPGLY	AMKBY	HAFNF	SITIY	NPNYY	OROVF	MSLOF	AMKBF	MSLOY
HLAGF		0.79	0.57	0.0	0.5	0.4	0.33	0.0	0.56	0.4	HLAGF
HPGLY	0.79		0.66	0.0	0.34	0.49	0.26	0.0	0.58	0.42	HPGLY
AMKBY	0.57	0.66		0.0	0.18	0.91	-0.12	0.0	0.93	0.84	AMKBY
HAFNF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	HAFNF
SITIY	0.5	0.34	0.18	0.0		0.11	0.25	0.0	0.21	0.18	SITIY
NPNYY	0.4	0.49	0.91	0.0	0.11		-0.23	0.0	0.88	0.93	NPNYY
OROVF	0.33	0.26	-0.12	0.0	0.25	-0.23		0.0	-0.08	-0.17	OROVF
MSLOF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	MSLOF
AMKBF	0.56	0.58	0.93	0.0	0.21	0.88	-0.08	0.0		0.86	AMKBF
MSLOY	0.4	0.42	0.84	0.0	0.18	0.93	-0.17	0.0	0.86		MSLOY
	HLAGF	HPGLY	AMKBY	HAFNF	SITIY	NPNYY	OROVF	MSLOF	AMKBF	MSLOY

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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

AMKBF	+ 0.93	AMKBY
MSLOY	+ 0.93	NPNYY
NPNYY	+ 0.91	AMKBY
AMKBF	+ 0.88	NPNYY
MSLOY	+ 0.86	AMKBF
MSLOY	+ 0.84	AMKBY

High negative correlations

OROVF	- 0.23	NPNYY
MSLOY	- 0.17	OROVF
OROVF	- 0.12	AMKBY
AMKBF	- 0.08	OROVF
MSLOY	- 0.0	MSLOF
AMKBF	- 0.0	MSLOF

Risk-Adjusted Indicators

There is a big difference between AMKAF Pink Sheet performing well and AP Moeller 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 AP Moeller'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
HLAGF	1.61	(0.06)	0.00	0.52	0.00	0.00	6.16	(6.25)	16.36
HPGLY	1.39	0.02	0.02	0.30	2.03	(3.31)	5.16	(4.41)	13.71
AMKBY	2.01	0.24	0.11	0.28	2.20	(2.20)	4.60	(2.94)	10.51
HAFNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SITIY	3.94	0.32	0.04	0.13	4.72	(7.06)	11.66	(9.31)	32.48
NPNYY	1.14	0.17	0.12	0.31	1.64	(1.17)	2.36	(2.42)	8.45
OROVF	1.68	0.14	0.02	0.44	3.02	(5.69)	5.12	(4.86)	30.59
MSLOF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AMKBF	2.35	0.11	0.04	0.34	3.09	(3.47)	6.42	(5.42)	22.83
MSLOY	1.18	0.09	0.12	(0.27)	1.51	(1.22)	2.29	(2.97)	6.89

Be your own money manager

Our tools can tell you how much better you can do entering a position in AP Moeller 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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AP Moeller Corporate Management

Caroline Pontoppidan	Gen VP	Profile
Susana Elvira	Chief Officer	Profile
LarsErik Brenoe	Ex VP	Profile
Signe Wagner	Head Relations	Profile
Sarah Spray	Head Relations	Profile
Soren Skou	CEO CEO	Profile
Patrick Jany	CFO VP	Profile

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