Amphenol Correlations

Stocks . USA . 
Stock . Amphenol
APH Stock  USD 72.65  0.09  0.12%   
The current 90-days correlation between Amphenol and Desktop Metal is 0.14 (i.e., Average 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

Very weak diversification

The correlation between Amphenol and DJI is 0.58 (i.e., Very weak 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.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amphenol. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
For more detail on how to invest in Amphenol Stock please use our How to Invest in Amphenol guide.

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Moving against Amphenol Stock

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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   
VIAV
+ 0.9
UI
VRME
+ 0.83
VISL
VIAV
+ 0.74
KN
UI
+ 0.71
KN
VRME
+ 0.61
DM
VIAV
+ 0.55
FN
  
High negative correlations   
VRME
- 0.84
UI
VISL
- 0.72
UI
VRME
- 0.63
KN
VRME
- 0.61
VIAV
AMPGW
- 0.56
UI
VIAV
- 0.52
AMPGW

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.

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