Amer Sports, Correlations

AS Stock

26.33 0.46 1.78%

The current 90-days correlation between Amer Sports, and Turning Point Brands is -0.23 (i.e., Very good diversification). The correlation of Amer Sports, 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.

Amer Sports, Correlation With Market

Modest diversification

The correlation between Amer Sports, and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amer Sports, 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 Amer Sports,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more information on how to buy Amer Stock please use our How to Invest in Amer Sports, guide.

Moving together with Amer Stock

0.9	RL	Ralph Lauren Corp	Pair Corr
0.7	UA	Under Armour C	Pair Corr
0.73	DOGZ	Dogness International	Pair Corr
0.78	VSTO	Vista Outdoor	Pair Corr
0.63	ESCA	Escalade Incorporated	Pair Corr
0.73	FOSL	Fossil Group	Pair Corr
0.85	KTB	Kontoor Brands	Pair Corr
0.72	MPX	Marine Products Fiscal Year End 23rd of January 2025	Pair Corr
0.74	PVH	PVH Corp Earnings Call This Week	Pair Corr
0.67	REE	Ree Automotive Holding	Pair Corr
0.77	UAA	Under Armour A Aggressive Push	Pair Corr
0.66	JAKK	JAKKS Pacific	Pair Corr
0.82	LULU	Lululemon Athletica Earnings Call This Week	Pair Corr

Moving against Amer Stock

0.89	FEBO	Fenbo Holdings	Pair Corr
0.78	EZGO	EZGO Technologies	Pair Corr
0.77	DOOO	BRP Inc	Pair Corr
0.59	WTO	UTime Limited	Pair Corr
0.54	SKX	Skechers USA	Pair Corr
0.5	GOOS	Canada Goose Holdings Sell-off Trend	Pair Corr
0.44	HAS	Hasbro Inc	Pair Corr
0.44	NKE	Nike Inc Aggressive Push	Pair Corr
0.84	LIVE	Live Ventures Fiscal Year End 18th of December 2024	Pair Corr
0.72	RCKY	Rocky Brands	Pair Corr
0.68	CTHR	Charles Colvard	Pair Corr
0.65	JXJT	JX Luxventure Limited	Pair Corr
0.64	LEVI	Levi Strauss Fiscal Year End 23rd of January 2025	Pair Corr
0.62	JOUT	Johnson Outdoors Earnings Call This Week	Pair Corr
0.59	LANV	Lanvin Group Holdings	Pair Corr
0.57	GV	Visionary Education	Pair Corr
0.52	ISPOW	Thayer Ventures Acqu	Pair Corr
0.47	PMNT	Perfect Moment	Pair Corr

Related Correlations Analysis

	TPB	SPMMF	WIMI	WEST	BCE	GETY	CCU
TPB		0.0	-0.23	0.14	-0.95	-0.6	0.15	TPB
SPMMF	0.0		0.0	0.0	0.0	0.0	0.0	SPMMF
WIMI	-0.23	0.0		-0.71	0.21	0.37	0.5	WIMI
WEST	0.14	0.0	-0.71		-0.12	-0.26	-0.22	WEST
BCE	-0.95	0.0	0.21	-0.12		0.5	-0.13	BCE
GETY	-0.6	0.0	0.37	-0.26	0.5		0.28	GETY
CCU	0.15	0.0	0.5	-0.22	-0.13	0.28		CCU
	TPB	SPMMF	WIMI	WEST	BCE	GETY	CCU

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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

CCU	+ 0.5	WIMI
GETY	+ 0.5	BCE
GETY	+ 0.37	WIMI
CCU	+ 0.28	GETY
BCE	+ 0.21	WIMI
CCU	+ 0.15	TPB

High negative correlations

BCE	- 0.95	TPB
WEST	- 0.71	WIMI
GETY	- 0.6	TPB
GETY	- 0.26	WEST
WIMI	- 0.23	TPB
CCU	- 0.22	WEST

Risk-Adjusted Indicators

There is a big difference between Amer Stock performing well and Amer Sports, 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 Amer Sports,'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
TPB	1.60	0.62	0.42	1.07	0.78	(2.04)	4.76	(2.46)	10.20
SPMMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WIMI	3.34	0.10	0.02	0.25	4.13	(4.15)	8.42	(6.33)	26.90
WEST	2.89	(0.25)	0.00	(0.04)	0.00	0.00	5.66	(6.23)	17.90
BCE	0.88	(0.37)	0.00	(3.35)	0.00	0.00	1.53	(1.83)	12.47
GETY	2.14	(0.43)	0.00	(0.27)	0.00	0.00	3.77	(4.72)	26.04
CCU	1.46	(0.05)	(0.07)	0.00	1.66	(1.52)	2.84	(2.43)	8.67

Amer Sports, Corporate Management

Anu Sirkia	Vice Communications	Profile
Omar CPA	Vice Relations	Profile
Sebastian Lund	Chief Officer	Profile
Andrew Page	Chief Officer	Profile
Stefan Schubert	Chief IT	Profile

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