Ampol Correlations

CTXAY Stock

USD 30.58 0.34 1.12%

The current 90-days correlation between Ampol Ltd ADR and Phillips 66 is 0.29 (i.e., Modest diversification). The correlation of Ampol 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.

Ampol Correlation With Market

Average diversification

The correlation between Ampol Ltd ADR and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ampol Ltd ADR and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Ampol Pink Sheet

0.61	NTOIF	Neste Oyj	Pair Corr
0.67	NTOIY	Neste Oyj	Pair Corr

Moving against Ampol Pink Sheet

0.72	JXHGF	ENEOS Holdings	Pair Corr
0.62	037833DN7	APPLE INC	Pair Corr
0.48	IDKOF	Idemitsu Kosan CoLtd	Pair Corr
0.37	JXHLY	Eneos Holdings ADR	Pair Corr
0.33	SUN	Sunoco LP	Pair Corr
0.73	TGTX	TG Therapeutics	Pair Corr
0.68	MCD	McDonalds	Pair Corr
0.61	CNL	Collective Mining	Pair Corr
0.5	DEMRF	American Tungsten Corp	Pair Corr
0.43	GROV	Virgin Group Acquisition	Pair Corr
0.37	CSGS	CSG Systems International	Pair Corr
0.36	HALO	Halozyme Therapeutics	Pair Corr
0.35	NREF-PA	NexPoint Real Estate	Pair Corr
0.31	023135BM7	AMAZON INC 425	Pair Corr
0.72	XPEV	Xpeng Inc	Pair Corr
0.69	MCK	McKesson	Pair Corr
0.65	LBUSD	Lumber Futures	Pair Corr
0.62	LU	Lufax Holding Downward Rally	Pair Corr
0.59	BLAGF	Blue Lagoon Resources	Pair Corr
0.53	009158AZ9	AIR PRODUCTS AND	Pair Corr
0.49	RBGLY	Reckitt Benckiser	Pair Corr
0.48	ALKEF	Alkane Resources	Pair Corr

Related Correlations Analysis

	CVI	VLO	PSX	MPC	SUN
CVI		0.67	0.33	0.59	0.17	CVI
VLO	0.67		0.6	0.92	0.57	VLO
PSX	0.33	0.6		0.63	0.89	PSX
MPC	0.59	0.92	0.63		0.53	MPC
SUN	0.17	0.57	0.89	0.53		SUN
	CVI	VLO	PSX	MPC	SUN

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Risk-Adjusted Indicators

There is a big difference between Ampol Pink Sheet performing well and Ampol 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 Ampol'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
CVI	2.21	0.21	0.09	0.35	2.67	(2.15)	5.07	(4.18)	12.26
VLO	1.70	0.07	0.05	0.06	2.20	(1.64)	3.48	(3.19)	9.59
PSX	1.45	0.13	0.07	0.07	1.78	(1.52)	3.44	(3.43)	8.50
MPC	1.70	0.06	0.03	0.00	2.26	(1.71)	3.27	(3.75)	12.00
SUN	0.95	0.20	0.17	0.30	1.08	(0.93)	2.39	(2.13)	5.34

Be your own money manager

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

BA BA	Company Risk	Profile
Joanne Taylor	Executive General Manager, Human Resources	Profile
BCOM CA	Group Officer	Profile
Alan StuartGrant	Executive General Manager, Strategy and Corporate Development	Profile
Frances Reyk	Head Relations	Profile
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