AP Moeller-Maersk Correlations
| AMKBY Stock | USD 7.03 0.05 0.72% |
The correlation of AP Moeller-Maersk 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 AP Moeller-Maersk moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AP Moeller Maersk AS 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.
Average diversification
The correlation between AP Moeller Maersk AS and NYA is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AP Moeller Maersk AS and NYA in the same portfolio, assuming nothing else is changed.
AMKBY |
The ability to find closely correlated positions to AP Moeller-Maersk could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AP Moeller-Maersk 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 AP Moeller-Maersk - 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 AP Moeller Maersk AS to buy it.
Moving together with AMKBY Pink Sheet
| 0.97 | AMKBF | AP Møller | PairCorr |
| 0.99 | AMKAF | AP Moeller | PairCorr |
| 0.73 | NPNYY | Nippon Yusen Kabushiki | PairCorr |
| 0.67 | LNDNF | Lundin Energy AB | PairCorr |
Moving against AMKBY Pink Sheet
| 0.89 | PH | Parker Hannifin Earnings Call This Week | PairCorr |
| 0.68 | GMNFF | GobiMin | PairCorr |
| 0.67 | HAS | Hasbro Inc Upward Rally | PairCorr |
| 0.58 | NYUKF | Nippon Yusen Kabushiki | PairCorr |
| 0.58 | CAKE | The Cheesecake Factory Financial Report 8th of May 2024 | PairCorr |
| 0.57 | AWCMF | Alumina Limited | PairCorr |
| 0.48 | AWCMY | Alumina Limited PK | PairCorr |
| 0.46 | CICOY | COSCO SHIPPING Holdings Earnings Call Tomorrow | PairCorr |
| 0.92 | DIS | Walt Disney Report 8th of May 2024 | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in AP Moeller-Maersk 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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AP Moeller-Maersk Corporate Directors
AP Moeller-Maersk corporate directors refer to members of an AP Moeller-Maersk board of directors. The board of directors generally takes responsibility for the AP Moeller-Maersk'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 AP Moeller-Maersk's board members must vote for the resolution. The AP Moeller-Maersk board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Marc Engel | Director | Profile | |
| Palle Rasmussen | Director | Profile | |
| Robert Uggla | Director | Profile | |
| Renata FrolovaHammer | Director, Employee Representative | Profile |
Already Invested in AP Moeller Maersk AS?
The danger of trading AP Moeller Maersk AS 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 AP Moeller-Maersk 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 AP Moeller-Maersk. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile AP Moeller Maersk 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 AP Moeller Maersk AS. 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. Note that the AP Moeller Maersk information on this page should be used as a complementary analysis to other AP Moeller-Maersk'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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for AMKBY Pink Sheet analysis
When running AP Moeller-Maersk's price analysis, check to measure AP Moeller-Maersk'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 AP Moeller-Maersk is operating at the current time. Most of AP Moeller-Maersk's value examination focuses on studying past and present price action to predict the probability of AP Moeller-Maersk's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AP Moeller-Maersk's price. Additionally, you may evaluate how the addition of AP Moeller-Maersk to your portfolios can decrease your overall portfolio volatility.
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