Amotiv Correlations
| AOV Stock | 5.19 0.03 0.58% |
The current 90-days correlation between Amotiv Limited and Data Communications Management is -0.06 (i.e., Good 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 -0.47 (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.
Amotiv |
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 together with Amotiv Stock
Moving against Amotiv Stock
| 0.86 | FFH | Fairfax Financial | PairCorr |
| 0.85 | RY-PS | Royal Bank | PairCorr |
| 0.85 | FFH-PC | Fairfax Fin Hld | PairCorr |
| 0.83 | BMO | Bank of Montreal | PairCorr |
| 0.8 | Y | Yellow Pages Limited | PairCorr |
| 0.79 | BMO-PE | Bank of Montreal | PairCorr |
| 0.79 | RY | Royal Bank | PairCorr |
| 0.79 | ERE-UN | European Residential Real | PairCorr |
| 0.78 | FSZ | Fiera Capital | PairCorr |
| 0.77 | ET | Evertz Technologies | PairCorr |
| 0.76 | NA | National Bank | PairCorr |
| 0.76 | VLE | Valeura Energy | PairCorr |
| 0.74 | DFN | Dividend 15 Split | PairCorr |
| 0.72 | NICU | Magna Mining | PairCorr |
| 0.69 | FFH-PH | Fairfax Financial | PairCorr |
| 0.69 | NOA | North American Const | PairCorr |
| 0.69 | LB | Laurentian Bank | PairCorr |
| 0.65 | PRU | Perseus Mining | PairCorr |
| 0.59 | CHE-UN | Chemtrade Logistics | PairCorr |
| 0.58 | RX | Biosyent | PairCorr |
| 0.53 | SEC | Senvest Capital | PairCorr |
| 0.48 | AAPL | Apple Inc CDR | PairCorr |
| 0.39 | TUF | Honey Badger Silver | PairCorr |
| 0.89 | EIT-UN | Canoe EIT Income | PairCorr |
| 0.88 | CRM | SalesforceCom CDR | PairCorr |
| 0.85 | RY-PM | Royal Bank | PairCorr |
| 0.84 | HUT | Hut 8 Mining | PairCorr |
| 0.82 | DGS | Dividend Growth Split | PairCorr |
| 0.81 | ENS-PA | E Split Corp | PairCorr |
| 0.81 | ENS | E Split Corp | PairCorr |
| 0.8 | EIF | Exchange Income | PairCorr |
| 0.78 | MOON | Blue Moon Zinc | PairCorr |
| 0.74 | VBNK | VersaBank | PairCorr |
| 0.74 | TCS | TECSYS Inc | PairCorr |
| 0.73 | DBO | D Box Technologies | PairCorr |
Related Correlations Analysis
| -0.68 | 0.58 | 0.42 | 0.71 | 0.68 | 0.31 | AWI | ||
| -0.68 | -0.84 | -0.71 | -0.64 | -0.59 | -0.53 | DCM | ||
| 0.58 | -0.84 | 0.92 | 0.82 | 0.7 | 0.82 | IGM | ||
| 0.42 | -0.71 | 0.92 | 0.69 | 0.51 | 0.88 | CIX | ||
| 0.71 | -0.64 | 0.82 | 0.69 | 0.9 | 0.7 | VBNK | ||
| 0.68 | -0.59 | 0.7 | 0.51 | 0.9 | 0.43 | EVT | ||
| 0.31 | -0.53 | 0.82 | 0.88 | 0.7 | 0.43 | BPO-PG | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AWI | 1.07 | 0.09 | 0.00 | (0.49) | 0.00 | 0.00 | 49.38 | |||
| DCM | 2.30 | (0.36) | 0.00 | (0.50) | 0.00 | 3.15 | 34.82 | |||
| IGM | 0.76 | 0.23 | 0.24 | 0.62 | 0.69 | 2.05 | 4.90 | |||
| CIX | 1.46 | 0.87 | 1.20 | 1.13 | 0.00 | 2.92 | 30.80 | |||
| VBNK | 1.92 | 0.10 | 0.03 | 0.20 | 2.96 | 4.39 | 17.25 | |||
| EVT | 0.52 | 0.01 | (0.01) | 0.05 | 0.75 | 1.82 | 5.79 | |||
| BPO-PG | 0.75 | 0.12 | 0.09 | 1.44 | 0.88 | 1.84 | 5.44 |
Be your own money manager
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.Did you try this?
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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.
| Monica Percario | Global Affairs | Profile | |
| Arvind Utchanah | Chief Officer | Profile | |
| Susan Emblem | Global Resources | Profile | |
| Stephani Saverio | Vice Development | Profile | |
| Henrique Dias | Global Marketing | Profile |