Amphenol Correlations

Stocks . Germany . 
Stock . Amphenol
XPH Stock  EUR 58.85  0.39  0.67%   
The current 90-days correlation between Amphenol and COMBA TELECOM SYST is -0.02 (i.e., Good diversification). The correlation of Amphenol 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.

Amphenol Correlation With Market

Good diversification

The correlation between Amphenol and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amphenol and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Amphenol could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amphenol 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 Amphenol - 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 Amphenol to buy it.

Moving together with Amphenol Stock

  0.65HHP2 Hon Hai PrecisionPairCorr
  0.85HUEC Hubbell IncorporatedPairCorr
  0.78TDK TDK CorporationPairCorr
  0.78MIZ MizunoPairCorr
  0.72BFP BBVA Banco FrancesPairCorr

Moving against Amphenol Stock

  0.82TM2 Sydbank A/SPairCorr
  0.71YHA YamahaPairCorr
  0.66893 MITSUBISHI KAKOKIPairCorr
  0.65HCMA HITACHI CONSTRMACHADR/2PairCorr
  0.5692I ROMERIKE SPAREBANKPairCorr
  0.48SON1 Sony Group CorpPairCorr
  0.45SXC Sunny Optical TechnologyPairCorr
  0.35MUR1 Murata ManufacturingPairCorr
  0.8PSAN PSI Software AGPairCorr
  0.69JOT ELEKTROBITPairCorr
  0.698TRA Traton SEPairCorr
  0.53GSR Gossan ResourcesPairCorr
  0.5USV USS CoPairCorr
  0.48OTP OTP Bank NyrtPairCorr
  0.43SNM Snam SpAPairCorr
  0.4AQE Anhui Conch CementPairCorr
  0.4MUE 3D OILPairCorr
  0.345FV YAOKO LTDPairCorr
  0.723YB0 POSBO UNSPADRS/20YC1 Earnings Call This WeekPairCorr
  0.55FLQ FLETCHER BUILDINGPairCorr
  0.547TG TRISTAR GOLDPairCorr
  0.51NH8 Nihon TrimPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
SMM
+ 0.8
COA1
CMW
+ 0.57
COA1
SUI
+ 0.49
CMW
SUI
+ 0.47
COA1
CMW
+ 0.46
SMM
CMW
+ 0.43
SGJH
  
High negative correlations   
TC7
- 1.0
59I
SUI
- 0.0
TC7
CMW
- 0.0
TC7
TC7
- 0.0
SGJH
TC7
- 0.0
SMM
SUI
- 0.0
59I

Risk-Adjusted Indicators

There is a big difference between Amphenol Stock performing well and Amphenol 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 Amphenol'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Amphenol 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.

Did you try this?

Run Risk-Return Analysis Now

   

Risk-Return Analysis

View associations between returns expected from investment and the risk you assume
All  Next Launch Module

Amphenol Corporate Management

Elected by the shareholders, the Amphenol's board of directors comprises two types of representatives: Amphenol inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Amphenol. The board's role is to monitor Amphenol's management team and ensure that shareholders' interests are well served. Amphenol'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, Amphenol's outside directors are responsible for providing unbiased perspectives on the board's policies.
Julie HobenHealth, EnvironmentalProfile
Michael IvasVP ControllerProfile
Lance DAmicoSec VPProfile
William DohertyPres DivisionProfile
Craig LampoVP CFOProfile
David SilvermanVP HRProfile
JeanLuc GavellePres DivisionProfile
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY