Ambarella Correlations

AMBA Stock

USD 69.38 1.10 1.56%

The current 90-days correlation between Ambarella and Axcelis Technologies is 0.54 (i.e., Very weak diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Ambarella Correlation With Market

Very weak diversification

The correlation between Ambarella and DJI is 0.42 (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 DJI in the same portfolio, assuming nothing else is changed.

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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 closely tied 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.

Moving together with Ambarella Stock

0.72	MU	Micron Technology	Pair Corr
0.84	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.83	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.8	INTC	Intel Earnings Call This Week	Pair Corr
0.75	MRVL	Marvell Technology Aggressive Push	Pair Corr
0.84	NVDA	NVIDIA Aggressive Push	Pair Corr
0.71	NVMI	Nova	Pair Corr
0.75	OLED	Universal Display	Pair Corr
0.85	QRVO	Qorvo Inc Sell-off Trend	Pair Corr
0.82	AVGO	Broadcom Aggressive Push	Pair Corr
0.91	TSEM	Tower Semiconductor	Pair Corr
0.75	CAMT	Camtek	Pair Corr
0.83	VRRM	Verra Mobility Corp	Pair Corr
0.71	ENLV	Enlivex Therapeutics	Pair Corr
0.73	FRGE	Forge Global Holdings	Pair Corr
0.75	IBM	International Business Earnings Call This Week	Pair Corr
0.71	LPL	LG Display Earnings Call This Week	Pair Corr
0.88	ITRN	Ituran Location	Pair Corr
0.83	LITE	Lumentum Holdings	Pair Corr
0.73	MITK	Mitek Systems Earnings Call This Week	Pair Corr
0.83	MSFT	Microsoft	Pair Corr
0.67	AVPTW	AvePoint	Pair Corr
0.73	NTGR	NETGEAR	Pair Corr
0.77	RGTIW	Rigetti Computing Trending	Pair Corr
0.68	QBTS	D Wave Quantum Aggressive Push	Pair Corr
0.68	QUBT	Quantum Computing Aggressive Push	Pair Corr
0.72	RDWR	Radware	Pair Corr
0.79	RGTI	Rigetti Computing Trending	Pair Corr
0.89	AAOI	Applied Opt	Pair Corr

Moving against Ambarella Stock

0.42	ARQQW	Arqit Quantum Warrants	Pair Corr
0.58	07274NBG7	BAYNGR 5 15	Pair Corr

Related Correlations Analysis

	ACLS	KLIC	UCTT	COHU	ASYS	AEHR	PLAB	LRCX	KLAC	IPGP
ACLS		0.93	0.75	0.71	0.84	0.88	0.45	0.98	0.97	0.91	ACLS
KLIC	0.93		0.83	0.69	0.79	0.88	0.5	0.94	0.93	0.91	KLIC
UCTT	0.75	0.83		0.7	0.7	0.83	0.56	0.78	0.77	0.75	UCTT
COHU	0.71	0.69	0.7		0.78	0.79	0.24	0.74	0.76	0.66	COHU
ASYS	0.84	0.79	0.7	0.78		0.91	0.15	0.89	0.88	0.82	ASYS
AEHR	0.88	0.88	0.83	0.79	0.91		0.23	0.91	0.92	0.86	AEHR
PLAB	0.45	0.5	0.56	0.24	0.15	0.23		0.38	0.36	0.37	PLAB
LRCX	0.98	0.94	0.78	0.74	0.89	0.91	0.38		0.99	0.95	LRCX
KLAC	0.97	0.93	0.77	0.76	0.88	0.92	0.36	0.99		0.92	KLAC
IPGP	0.91	0.91	0.75	0.66	0.82	0.86	0.37	0.95	0.92		IPGP
	ACLS	KLIC	UCTT	COHU	ASYS	AEHR	PLAB	LRCX	KLAC	IPGP

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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
ACLS	2.33	0.44	0.20	0.41	2.18	(2.73)	6.44	(4.54)	13.36
KLIC	1.71	0.10	0.08	0.21	1.53	(1.98)	3.88	(2.79)	9.61
UCTT	2.80	0.13	0.08	0.19	3.36	(3.30)	8.15	(4.96)	23.72
COHU	2.18	0.30	0.18	0.29	1.88	(2.61)	6.05	(3.61)	13.20
ASYS	2.64	0.18	0.07	0.29	2.73	(3.24)	6.03	(6.11)	20.26
AEHR	3.64	0.70	0.21	0.43	3.52	(4.20)	9.25	(5.17)	26.55
PLAB	1.80	(0.05)	0.00	0.10	3.09	(1.94)	4.09	(3.67)	21.52
LRCX	1.58	0.42	0.29	0.41	1.15	(1.91)	4.39	(2.14)	13.15
KLAC	1.60	0.34	0.21	0.37	1.38	(1.83)	4.21	(2.43)	10.90
IPGP	1.80	0.27	0.12	0.28	2.43	(1.86)	3.78	(2.94)	18.19

Ambarella Corporate Management

Christopher Day	VP of Marketing and Bus. Devel.	Profile
John Young	Chief Officer	Profile
Amee OrozcoGuiriba	Vice Resources	Profile
Chan Lee	Chief Officer	Profile
Michael Morehead	General Secretary	Profile
ChiHong Ju	Senior Centers	Profile

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