AMTD Digital Correlations

HKD Stock  USD 2.99  0.06  2.05%   
The current 90-days correlation between AMTD Digital and HeartCore Enterprises is -0.01 (i.e., Good diversification). The correlation of AMTD Digital 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.

AMTD Digital Correlation With Market

Significant diversification

The correlation between AMTD Digital and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AMTD Digital and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in AMTD Digital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
For information on how to trade AMTD Stock refer to our How to Trade AMTD Stock guide.

Moving against AMTD Stock

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  0.56EXFY ExpensifyPairCorr

Related Correlations Analysis

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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   
INPXCXAI
PRSTINPX
SOUNHTCR
PRSTCXAI
MVLAHTCR
CXAIBMR
  
High negative correlations   
PRSTHTCR
INPXHTCR
MVLAINPX
CXAIHTCR
PRSTSOUN
MVLACXAI

Risk-Adjusted Indicators

There is a big difference between AMTD Stock performing well and AMTD Digital 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 AMTD Digital'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
HTCR  5.41  1.24  0.23  0.48  5.36 
 14.14 
 26.35 
BMR  3.17 (0.28) 0.00 (1.10) 0.00 
 8.63 
 24.22 
CXAI  3.36 (0.63) 0.00 (0.21) 0.00 
 7.01 
 29.23 
SOUN  3.98  0.55  0.17  0.32  3.90 
 8.39 
 39.21 
IDAI  8.62  2.56  0.23 (2.80) 6.29 
 9.09 
 47.05 
INPX  4.54 (1.43) 0.00  1.50  0.00 
 5.71 
 49.23 
PRST  12.58 (2.42) 0.00 (2.15) 0.00 
 23.46 
 125.07 
KBNT  4.26  0.02 (0.02) 0.01  5.26 
 7.94 
 59.23 
MVLA  3.96  0.53  0.11  2.00  3.50 
 8.82 
 44.13 
IFBD  4.13  0.72  0.11 (1.83) 4.16 
 9.18 
 25.02 

AMTD Digital Corporate Management

Chi LoCEO DirectorProfile
Lawrence LeeChief OfficerProfile
Ho ZeeChief OfficerProfile
Frederic LauPres DirectorProfile