Advanced Micro Correlations
| AMD Stock | USD 151.74 0.53 0.35% |
The correlation of Advanced Micro 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 Advanced Micro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advanced Micro Devices 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.
Weak diversification
The correlation between Advanced Micro Devices and NYA is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Advanced Micro Devices and NYA in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Advanced Micro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advanced Micro 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 Advanced Micro - 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 Advanced Micro Devices to buy it.
Moving together with Advanced Stock
| 0.65 | IBM | International Business Financial Report 17th of July 2024 | PairCorr |
| 0.72 | OCC | Optical Cable | PairCorr |
Moving against Advanced Stock
| 0.46 | KVHI | KVH Industries Earnings Call This Week | PairCorr |
Related Correlations Analysis
| -0.41 | 0.33 | 0.69 | 0.93 | 0.79 | TSM | ||
| -0.41 | 0.36 | -0.6 | -0.39 | -0.16 | INTC | ||
| 0.33 | 0.36 | 0.13 | 0.22 | 0.61 | MRVL | ||
| 0.69 | -0.6 | 0.13 | 0.69 | 0.63 | MU | ||
| 0.93 | -0.39 | 0.22 | 0.69 | 0.75 | NVDA | ||
| 0.79 | -0.16 | 0.61 | 0.63 | 0.75 | AVGO | ||
| 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 Advanced Stock performing well and Advanced Micro 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 Advanced Micro'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TSM | 1.81 | 0.13 | 0.08 | 0.18 | 1.86 | 4.69 | 12.02 | |||
| INTC | 1.86 | (0.57) | 0.00 | (0.48) | 0.00 | 3.13 | 13.31 | |||
| MRVL | 2.41 | (0.27) | 0.00 | (0.07) | 0.00 | 5.94 | 19.66 | |||
| MU | 2.14 | 0.29 | 0.13 | 0.27 | 2.16 | 5.43 | 18.73 | |||
| NVDA | 2.37 | 0.39 | 0.15 | 0.31 | 2.51 | 4.79 | 26.40 | |||
| AVGO | 1.80 | (0.06) | (0.01) | 0.05 | 2.25 | 4.54 | 14.57 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Advanced Micro 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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Advanced Micro Corporate Directors
Advanced Micro corporate directors refer to members of an Advanced Micro board of directors. The board of directors generally takes responsibility for the Advanced Micro'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 Advanced Micro's board members must vote for the resolution. The Advanced Micro board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| John Caldwell | Independent Director | Profile | |
| Nora Denzel | Independent Director | Profile | |
| John Marren | Independent Director | Profile | |
| Mark Durcan | Director | Profile |
Already Invested in Advanced Micro Devices?
The danger of trading Advanced Micro Devices 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 Advanced Micro 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 Advanced Micro. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Advanced Micro Devices 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 Advanced Micro Devices is a strong investment it is important to analyze Advanced Micro's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Advanced Micro's future performance. For an informed investment choice regarding Advanced Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Advanced Micro Devices. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Complementary Tools for Advanced Stock analysis
When running Advanced Micro's price analysis, check to measure Advanced Micro'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 Advanced Micro is operating at the current time. Most of Advanced Micro's value examination focuses on studying past and present price action to predict the probability of Advanced Micro's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advanced Micro's price. Additionally, you may evaluate how the addition of Advanced Micro to your portfolios can decrease your overall portfolio volatility.
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Is Advanced Micro'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 Advanced Micro. If investors know Advanced 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 Advanced Micro listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 48.693 | Earnings Share 0.53 | Revenue Per Share 14.052 | Quarterly Revenue Growth 0.102 | Return On Assets 0.0037 |
The market value of Advanced Micro Devices is measured differently than its book value, which is the value of Advanced that is recorded on the company's balance sheet. Investors also form their own opinion of Advanced Micro's value that differs from its market value or its book value, called intrinsic value, which is Advanced Micro'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 Advanced Micro's market value can be influenced by many factors that don't directly affect Advanced Micro'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 Advanced Micro's value and its price as these two are different measures arrived at by different means. Investors typically determine if Advanced Micro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Advanced Micro'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.