Advanced Micro Correlations

Stocks . USA . 
Stock . Advanced Micro Devices
AMD Stock  USD 155.61  9.37  6.41%   
The current 90-days correlation between Advanced Micro Devices and Intel is 0.7 (i.e., Poor 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

Poor diversification

The correlation between Advanced Micro Devices and DJI is 0.76 (i.e., 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.
  
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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.

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Moving against Advanced Stock

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Related Correlations Analysis

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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.

Advanced Micro Corporate Management

Martin AshtonSenior ArchitectureProfile
Richard BergmanExec GroupProfile
Philip CarterCorporate OfficerProfile
Darla SmithCorporate OfficerProfile
Thomas ZachariaSenior policyProfile
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