Ambarella Correlations
| AMBA Stock | USD 42.44 1.22 2.79% |
The correlation of Ambarella 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 Ambarella moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ambarella 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.
Very weak diversification
The correlation between Ambarella and NYA 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 Ambarella and NYA in the same portfolio, assuming nothing else is changed.
Ambarella |
The ability to find closely correlated positions to Ambarella could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ambarella 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 Ambarella - 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 Ambarella to buy it.
Moving together with Ambarella Stock
| 0.79 | INTC | Intel Earnings Call This Week | PairCorr |
| 0.84 | AEHR | Aehr Test Systems Financial Report 11th of July 2024 | PairCorr |
| 0.83 | G | Genpact Limited Sell-off Trend | PairCorr |
| 0.91 | ZD | Ziff Davis Financial Report 14th of May 2024 | PairCorr |
| 0.76 | III | Information Services Financial Report 13th of May 2024 | PairCorr |
Moving against Ambarella Stock
| 0.68 | WDC | Western Digital Earnings Call This Week | PairCorr |
| 0.6 | MSFT | Microsoft Earnings Call This Week | PairCorr |
| 0.5 | VLD | Velo3D Inc Financial Report 6th of May 2024 | PairCorr |
| 0.47 | PSTG | Pure Storage Financial Report 29th of May 2024 | PairCorr |
| 0.41 | ASYS | Amtech Systems Financial Report 8th of May 2024 | PairCorr |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Ambarella Stock performing well and Ambarella 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 Ambarella'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ENTG | 1.67 | 0.14 | 0.10 | 0.11 | 1.67 | 3.95 | 10.18 | |||
| ASYS | 2.49 | 0.27 | 0.07 | 0.23 | 3.45 | 4.95 | 31.52 | |||
| NVMI | 1.92 | 0.31 | 0.17 | 0.25 | 1.78 | 4.88 | 11.44 | |||
| ACLS | 2.09 | (0.22) | 0.00 | (0.09) | 0.00 | 4.74 | 11.86 | |||
| COHU | 1.83 | (0.25) | 0.00 | (0.06) | 0.00 | 3.02 | 10.17 | |||
| AEHR | 3.02 | (0.69) | 0.00 | (0.23) | 0.00 | 8.54 | 32.78 | |||
| LRCX | 1.71 | 0.22 | 0.13 | 0.19 | 1.78 | 4.61 | 9.28 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Ambarella 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 Top Crypto Exchanges Now
Top Crypto ExchangesSearch and analyze digital assets across top global cryptocurrency exchanges |
| All Next | Launch Module |
Ambarella Corporate Directors
Ambarella corporate directors refer to members of an Ambarella board of directors. The board of directors generally takes responsibility for the Ambarella's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Ambarella's board members must vote for the resolution. The Ambarella board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| LipBu Tan | Lead Independent Director | Profile | |
| Chenming Hu | Independent Director | Profile | |
| Andrew Verhalen | Independent Director | Profile | |
| HsiaoWuen Hon | Independent Director | Profile |
Already Invested in Ambarella?
The danger of trading Ambarella 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 Ambarella 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 Ambarella. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ambarella 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.
When determining whether Ambarella offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ambarella's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ambarella Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ambarella Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ambarella. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. For information on how to trade Ambarella Stock refer to our How to Trade Ambarella Stock guide.Note that the Ambarella information on this page should be used as a complementary analysis to other Ambarella's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for Ambarella Stock analysis
When running Ambarella's price analysis, check to measure Ambarella'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 Ambarella is operating at the current time. Most of Ambarella's value examination focuses on studying past and present price action to predict the probability of Ambarella's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ambarella's price. Additionally, you may evaluate how the addition of Ambarella to your portfolios can decrease your overall portfolio volatility.
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| CEOs Directory Screen CEOs from public companies around the world | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments |
Is Ambarella's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ambarella. If investors know Ambarella will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ambarella listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.25) | Revenue Per Share 5.679 | Quarterly Revenue Growth (0.38) | Return On Assets (0.14) | Return On Equity (0.29) |
The market value of Ambarella is measured differently than its book value, which is the value of Ambarella that is recorded on the company's balance sheet. Investors also form their own opinion of Ambarella's value that differs from its market value or its book value, called intrinsic value, which is Ambarella's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ambarella's market value can be influenced by many factors that don't directly affect Ambarella's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ambarella's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ambarella is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ambarella's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.