Amazon Correlations

AMZO34 Stock

BRL 56.11 0.72 1.30%

The current 90-days correlation between Amazon Inc and Raymond James Financial, is 0.07 (i.e., Significant diversification). The correlation of Amazon 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.

Amazon Correlation With Market

Good diversification

The correlation between Amazon Inc and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amazon Inc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Amazon Stock

0.8

MBRF11

Fundo De Investimento

Pair Corr

Moving against Amazon Stock

0.89	BABA34	Alibaba Group Holding	Pair Corr
0.75	V1IP34	Vipshop Holdings	Pair Corr
0.68	P1DD34	Pinduoduo	Pair Corr
0.62	SPTW11	Sp Downtown Fundo	Pair Corr
0.55	S2EA34	Sea Limited	Pair Corr
0.51	JDCO34	JD Inc	Pair Corr
0.5	FIGS11	Fundo de Investimento	Pair Corr
0.5	HGBS11	HEDGE Brasil Shopping	Pair Corr
0.31	ENJU3	Enjoei SA	Pair Corr

Related Correlations Analysis

	R1JF34	D1RI34	T1TW34	BROF11	L1YG34	CAON34	C1HK34
R1JF34		-0.27	-0.7	-0.85	-0.82	0.25	-0.92	R1JF34
D1RI34	-0.27		0.05	0.5	0.22	0.18	0.38	D1RI34
T1TW34	-0.7	0.05		0.51	0.57	-0.19	0.63	T1TW34
BROF11	-0.85	0.5	0.51		0.69	-0.16	0.82	BROF11
L1YG34	-0.82	0.22	0.57	0.69		-0.42	0.77	L1YG34
CAON34	0.25	0.18	-0.19	-0.16	-0.42		-0.22	CAON34
C1HK34	-0.92	0.38	0.63	0.82	0.77	-0.22		C1HK34
	R1JF34	D1RI34	T1TW34	BROF11	L1YG34	CAON34	C1HK34

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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

C1HK34	+ 0.82	BROF11
C1HK34	+ 0.77	L1YG34
L1YG34	+ 0.69	BROF11
C1HK34	+ 0.63	T1TW34
L1YG34	+ 0.57	T1TW34
BROF11	+ 0.51	T1TW34

High negative correlations

C1HK34	- 0.92	R1JF34
BROF11	- 0.85	R1JF34
L1YG34	- 0.82	R1JF34
T1TW34	- 0.7	R1JF34
CAON34	- 0.42	L1YG34
D1RI34	- 0.27	R1JF34

Risk-Adjusted Indicators

There is a big difference between Amazon Stock performing well and Amazon 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 Amazon'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
R1JF34	0.07	(0.04)	0.00	(1.42)	0.00	0.00	0.00	0.00	1.76
D1RI34	1.41	0.34	0.17	(6.50)	1.21	(3.25)	3.57	(2.40)	26.06
T1TW34	1.74	0.10	0.08	1.49	1.97	(2.08)	3.15	(2.79)	19.60
BROF11	1.62	0.29	0.20	1.32	1.47	(1.83)	3.60	(2.87)	8.73
L1YG34	1.86	0.43	0.20	0.76	1.93	(1.99)	3.89	(3.55)	10.58
CAON34	0.83	(0.20)	0.00	(0.46)	0.00	0.00	1.32	(2.51)	17.81
C1HK34	0.41	0.18	0.00	1.80	0.00	0.00	1.72	0.00	6.44

Be your own money manager

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

Elected by the shareholders, the Amazon's board of directors comprises two types of representatives: Amazon inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Amazon. The board's role is to monitor Amazon's management team and ensure that shareholders' interests are well served. Amazon's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Amazon's outside directors are responsible for providing unbiased perspectives on the board's policies.

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