Adyen NV Correlations
| ADYYF Stock | USD 1,510 32.00 2.17% |
The correlation of Adyen NV 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Adyen NV moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adyen NV moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Modest diversification
The correlation between Adyen NV and NYA is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Adyen NV and NYA in the same portfolio, assuming nothing else is changed.
Adyen |
The ability to find closely correlated positions to Adyen NV could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adyen NV 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 Adyen NV - 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 Adyen NV to buy it.
Moving together with Adyen Pink Sheet
| 0.64 | SNPS | Synopsys Financial Report 15th of May 2024 | PairCorr |
| 0.66 | CRWD | Crowdstrike Holdings Financial Report 29th of May 2024 | PairCorr |
| 0.85 | PLTR | Palantir TechnologiesInc Aggressive Push | PairCorr |
| 0.99 | ADYEY | AdyenNV | PairCorr |
| 0.71 | SQ | Block Inc Earnings Call This Week | PairCorr |
| 0.85 | PH | Parker Hannifin Earnings Call This Week | PairCorr |
| 0.92 | DIS | Walt Disney Report 8th of May 2024 | PairCorr |
| 0.62 | BAC | Bank of America Sell-off Trend | PairCorr |
| 0.69 | CAT | Caterpillar Earnings Call Today | PairCorr |
Moving against Adyen Pink Sheet
| 0.61 | ADBE | Adobe Systems rporated Financial Report 20th of June 2024 | PairCorr |
| 0.61 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.43 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | SANP | ||
| 0.0 | 0.75 | 0.69 | -0.62 | 0.48 | DTSS | ||
| 0.0 | 0.75 | 0.63 | -0.42 | 0.41 | ZFOX | ||
| 0.0 | 0.69 | 0.63 | -0.79 | 0.85 | ALAR | ||
| 0.0 | -0.62 | -0.42 | -0.79 | -0.75 | TONR | ||
| 0.0 | 0.48 | 0.41 | 0.85 | -0.75 | DROP | ||
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Adyen Pink Sheet performing well and Adyen NV 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 Adyen NV'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SANP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DTSS | 18.47 | 6.49 | 0.77 | 0.48 | 7.57 | 16.58 | 529.93 | |||
| ZFOX | 2.08 | 0.70 | 0.17 | 1.09 | 1.78 | 9.23 | 24.94 | |||
| ALAR | 6.27 | 1.69 | 0.31 | 0.91 | 5.10 | 16.65 | 34.42 | |||
| TONR | 10.41 | 0.92 | 0.03 | (0.19) | 10.42 | 33.33 | 108.33 | |||
| DROP | 6.31 | 0.81 | 0.10 | 0.45 | 6.78 | 16.55 | 61.14 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Adyen NV 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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Adyen NV Corporate Management
Elected by the shareholders, the Adyen NV's board of directors comprises two types of representatives: Adyen NV inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Adyen. The board's role is to monitor Adyen NV's management team and ensure that shareholders' interests are well served. Adyen NV'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, Adyen NV's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Roelant Prins | Chief Commercial Officer | Profile | |
| Fernando Ricco | Head Relations | Profile | |
| Jozef Beurden | Independent Member of the Supervisory Board | Profile | |
| Kamran Zaki | COO Board | Profile |
Already Invested in Adyen NV?
The danger of trading Adyen NV is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Adyen NV is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Adyen NV. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Adyen NV is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Adyen NV. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for Adyen Pink Sheet analysis
When running Adyen NV's price analysis, check to measure Adyen NV's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Adyen NV is operating at the current time. Most of Adyen NV's value examination focuses on studying past and present price action to predict the probability of Adyen NV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Adyen NV's price. Additionally, you may evaluate how the addition of Adyen NV to your portfolios can decrease your overall portfolio volatility.
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