Advanced Micro Correlations

AMD Stock

USD 98.80 2.15 2.22%

The current 90-days correlation between Advanced Micro Devices and Intel is 0.53 (i.e., Very weak diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Advanced Micro Correlation With Market

Very poor diversification

The correlation between Advanced Micro Devices and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Advanced Micro Devices and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Advanced Stock

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 closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Advanced Stock

0.88	DIOD	Diodes Incorporated Earnings Call This Week	Pair Corr
0.7	DQ	Daqo New Energy	Pair Corr
0.81	MU	Micron Technology	Pair Corr
0.77	MX	MagnaChip Semiconductor	Pair Corr
0.71	NA	Nano Labs	Pair Corr
0.89	ON	ON Semiconductor	Pair Corr
0.81	PI	Impinj Inc	Pair Corr
0.9	VECO	Veeco Instruments Earnings Call This Week	Pair Corr
0.63	ENPH	Enphase Energy	Pair Corr
0.85	ENTG	Entegris	Pair Corr
0.8	WOLF	Wolfspeed Trending	Pair Corr
0.67	ADI	Analog Devices	Pair Corr
0.85	AIP	Arteris	Pair Corr
0.84	ARM	Arm Holdings plc	Pair Corr
0.83	ASX	ASE Industrial Holding	Pair Corr
0.81	CAN	Canaan Inc	Pair Corr
0.89	FORM	FormFactor	Pair Corr
0.76	CVV	CVD Equipment	Pair Corr
0.72	FSLR	First Solar	Pair Corr
0.89	GFS	Globalfoundries	Pair Corr
0.67	FTCI	FTC Solar Earnings Call This Week	Pair Corr
0.82	ICG	Intchains Group	Pair Corr
0.68	JKS	JinkoSolar Holding	Pair Corr
0.85	MXL	MaxLinear	Pair Corr
0.9	XPER	Xperi Corp	Pair Corr
0.78	TER	Teradyne	Pair Corr
0.86	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.73	TXN	Texas Instruments	Pair Corr
0.86	GCTS	GCT Semiconductor Holding	Pair Corr
0.75	HIMX	Himax Technologies Earnings Call This Week	Pair Corr
0.77	ICHR	Ichor Holdings Earnings Call This Week	Pair Corr
0.88	IMOS	ChipMOS Technologies Earnings Call This Week	Pair Corr
0.76	INDI	indie Semiconductor	Pair Corr

Moving against Advanced Stock

0.5	UMC	United Microelectronics Aggressive Push	Pair Corr
0.44	LEDS	SemiLEDS	Pair Corr

Related Correlations Analysis

	TSM	INTC	MRVL	MU	NVDA	AVGO
TSM		0.29	0.95	0.73	0.84	0.87	TSM
INTC	0.29		0.22	0.71	0.54	0.23	INTC
MRVL	0.95	0.22		0.69	0.86	0.89	MRVL
MU	0.73	0.71	0.69		0.8	0.65	MU
NVDA	0.84	0.54	0.86	0.8		0.89	NVDA
AVGO	0.87	0.23	0.89	0.65	0.89		AVGO
	TSM	INTC	MRVL	MU	NVDA	AVGO

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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	2.31	(0.21)	0.00	1.81	0.00	0.00	4.04	(4.80)	17.09
INTC	3.58	0.38	0.08	0.11	3.79	(4.92)	7.34	(6.94)	27.56
MRVL	3.93	(0.38)	0.00	(0.27)	0.00	0.00	6.17	(11.17)	35.12
MU	3.58	0.24	0.00	(0.01)	0.00	0.00	6.23	(8.04)	28.86
NVDA	3.08	0.19	0.00	(0.02)	0.00	0.00	5.21	(7.36)	25.59
AVGO	3.04	0.28	0.05	0.03	3.76	(3.21)	5.59	(6.33)	25.60

Advanced Micro Corporate Management

Martin Ashton	Senior Architecture	Profile
Richard Bergman	Exec Group	Profile
Philip Carter	Corporate Officer	Profile
Darla Smith	Corporate Officer	Profile
Thomas Zacharia	Senior policy	Profile

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