Amotiv Correlations

AOV Stock

5.25 0.02 0.38%

The current 90-days correlation between Amotiv Limited and European Residential Real is -0.53 (i.e., Excellent diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amotiv moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amotiv Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Amotiv Correlation With Market

Very good diversification

The correlation between Amotiv Limited and DJI is -0.46 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amotiv Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Amotiv Stock

0.86	FFH-PC	Fairfax Fin Hld	Pair Corr
0.86	FFH	Fairfax Financial	Pair Corr
0.84	RY-PS	Royal Bank	Pair Corr
0.82	BMO	Bank of Montreal	Pair Corr
0.81	Y	Yellow Pages Limited	Pair Corr
0.81	ERE-UN	European Residential Real	Pair Corr
0.78	VLE	Valeura Energy	Pair Corr
0.78	DFN	Dividend 15 Split	Pair Corr
0.77	BMO-PE	Bank of Montreal	Pair Corr
0.77	RY	Royal Bank	Pair Corr
0.77	ET	Evertz Technologies	Pair Corr
0.74	NICU	Magna Mining	Pair Corr
0.73	NA	National Bank	Pair Corr
0.73	FSZ	Fiera Capital	Pair Corr
0.71	LB	Laurentian Bank	Pair Corr
0.7	NOA	North American Const	Pair Corr
0.69	FFH-PH	Fairfax Financial	Pair Corr
0.66	PRU	Perseus Mining	Pair Corr
0.57	RX	Biosyent	Pair Corr
0.56	SEC	Senvest Capital	Pair Corr
0.5	CHE-UN	Chemtrade Logistics	Pair Corr
0.5	AAPL	Apple Inc CDR	Pair Corr
0.34	TUF	Honey Badger Silver	Pair Corr
0.34	NPTH	NeuPath Health	Pair Corr
0.89	HUT	Hut 8 Mining	Pair Corr
0.88	CRM	SalesforceCom CDR	Pair Corr
0.87	EIT-UN	Canoe EIT Income	Pair Corr
0.85	RY-PM	Royal Bank	Pair Corr
0.81	ENS-PA	E Split Corp	Pair Corr
0.8	ENS	E Split Corp	Pair Corr
0.79	DGS	Dividend Growth Split	Pair Corr
0.78	TCS	TECSYS Inc	Pair Corr
0.77	EIF	Exchange Income	Pair Corr
0.75	MOON	Blue Moon Zinc	Pair Corr
0.73	DBO	D Box Technologies	Pair Corr
0.69	OM	Osisko Metals	Pair Corr

Related Correlations Analysis

	DB	LOVE	XHB	ALA-PA	ERE-UN	CLU	RUDB	BN-PFI	XEG	SOLI-P
DB		0.44	0.51	0.32	0.58	0.27	0.57	0.19	-0.36	0.0	DB
LOVE	0.44		0.56	0.63	0.48	0.32	0.59	0.52	-0.18	0.0	LOVE
XHB	0.51	0.56		0.78	0.82	0.51	0.8	0.72	-0.41	0.0	XHB
ALA-PA	0.32	0.63	0.78		0.76	0.28	0.8	0.92	-0.38	0.0	ALA-PA
ERE-UN	0.58	0.48	0.82	0.76		0.6	0.78	0.75	-0.2	0.0	ERE-UN
CLU	0.27	0.32	0.51	0.28	0.6		0.38	0.24	0.36	0.0	CLU
RUDB	0.57	0.59	0.8	0.8	0.78	0.38		0.7	-0.35	0.0	RUDB
BN-PFI	0.19	0.52	0.72	0.92	0.75	0.24	0.7		-0.29	0.0	BN-PFI
XEG	-0.36	-0.18	-0.41	-0.38	-0.2	0.36	-0.35	-0.29		0.0	XEG
SOLI-P	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		SOLI-P
	DB	LOVE	XHB	ALA-PA	ERE-UN	CLU	RUDB	BN-PFI	XEG	SOLI-P

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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

BN-PFI	+ 0.92	ALA-PA
ERE-UN	+ 0.82	XHB
RUDB	+ 0.8	XHB
RUDB	+ 0.8	ALA-PA
ALA-PA	+ 0.78	XHB
RUDB	+ 0.78	ERE-UN

High negative correlations

XEG	- 0.41	XHB
XEG	- 0.38	ALA-PA
XEG	- 0.36	DB
XEG	- 0.35	RUDB
XEG	- 0.29	BN-PFI
XEG	- 0.2	ERE-UN

Risk-Adjusted Indicators

There is a big difference between Amotiv Stock performing well and Amotiv 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 Amotiv'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
DB	4.20	0.56	0.06	4.48	4.41	(12.13)	14.29	(8.33)	39.08
LOVE	4.28	0.36	0.05	9.37	4.79	(7.10)	12.86	(7.69)	33.46
XHB	0.22	0.01	(0.08)	0.09	0.15	(0.28)	0.51	(0.35)	1.52
ALA-PA	0.51	0.07	0.05	0.55	0.64	(0.58)	1.15	(1.45)	3.73
ERE-UN	1.23	0.22	0.18	0.18	1.02	(1.69)	2.30	(1.58)	20.23
CLU	0.45	(0.02)	(0.05)	(0.01)	0.58	(0.71)	1.02	(0.97)	5.88
RUDB	0.26	0.06	0.05	(0.55)	0.21	(0.29)	0.70	(0.47)	1.96
BN-PFI	0.51	0.10	0.10	(21.30)	0.40	(0.66)	1.34	(1.01)	2.73
XEG	1.16	(0.02)	0.00	(0.36)	0.00	0.00	2.20	(2.24)	8.20
SOLI-P	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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

Elected by the shareholders, the Amotiv's board of directors comprises two types of representatives: Amotiv inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Amotiv. The board's role is to monitor Amotiv's management team and ensure that shareholders' interests are well served. Amotiv'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, Amotiv's outside directors are responsible for providing unbiased perspectives on the board's policies.

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