Amprius Technologies Correlations

AMPX Stock

USD 11.84 0.94 7.36%

The current 90-days correlation between Amprius Technologies and Eos Energy Enterprises is 0.51 (i.e., Very weak diversification). The correlation of Amprius Technologies 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Amprius Technologies Correlation With Market

Weak diversification

The correlation between Amprius Technologies and DJI 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 Amprius Technologies and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Amprius Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amprius Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Amprius Stock please use our How to Invest in Amprius Technologies guide.

Moving together with Amprius Stock

0.61	002869	Shenzhen Genvict Tec	Pair Corr
0.68	002600	Lingyi iTech Guangdong	Pair Corr
0.8	601311	Camel Group	Pair Corr
0.75	BBL	Bharat Bijlee Limited	Pair Corr
0.89	300750	Contemporary Amperex	Pair Corr
0.7	EFOI	Energy Focu	Pair Corr
0.71	ELVA	Electrovaya Common Shares	Pair Corr
0.86	EOSE	Eos Energy Enterprises Aggressive Push	Pair Corr

Moving against Amprius Stock

0.71	GENUSPOWER	Genus Power Infrastr	Pair Corr
0.7	300936	Changzhou Zhongying	Pair Corr
0.52	PN	Skycorp Solar Group	Pair Corr
0.43	FINCABLES	Finolex Cables	Pair Corr
0.32	301388	Xinling Electrical	Pair Corr
0.8	RAMRAT	Ram Ratna Wires	Pair Corr
0.75	EXRO	Exro Technologies	Pair Corr
0.6	002724	Oceans King Lighting	Pair Corr
0.51	ELPW	Elong Power Holding	Pair Corr
0.71	EVEREADY	Eveready Industries India	Pair Corr
0.48	HONAUT	Honeywell Automation	Pair Corr
0.33	300407	Tianjin Keyvia Electric	Pair Corr

Related Correlations Analysis

	EOSE	FLNC	SLDP	GENUSPOWER	PN	ST	FINCABLES	002823	BBL	300870
EOSE		0.92	0.63	-0.68	-0.5	-0.25	-0.35	0.41	0.77	0.18	EOSE
FLNC	0.92		0.6	-0.47	-0.24	-0.26	-0.16	0.13	0.67	-0.1	FLNC
SLDP	0.63	0.6		-0.51	-0.43	0.13	-0.56	0.38	0.26	0.18	SLDP
GENUSPOWER	-0.68	-0.47	-0.51		0.78	0.02	0.7	-0.77	-0.64	-0.63	GENUSPOWER
PN	-0.5	-0.24	-0.43	0.78		-0.1	0.74	-0.82	-0.44	-0.8	PN
ST	-0.25	-0.26	0.13	0.02	-0.1		0.02	0.14	-0.19	0.28	ST
FINCABLES	-0.35	-0.16	-0.56	0.7	0.74	0.02		-0.74	-0.07	-0.59	FINCABLES
002823	0.41	0.13	0.38	-0.77	-0.82	0.14	-0.74		0.41	0.87	002823
BBL	0.77	0.67	0.26	-0.64	-0.44	-0.19	-0.07	0.41		0.3	BBL
300870	0.18	-0.1	0.18	-0.63	-0.8	0.28	-0.59	0.87	0.3		300870
	EOSE	FLNC	SLDP	GENUSPOWER	PN	ST	FINCABLES	002823	BBL	300870

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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

FLNC	+ 0.92	EOSE
300870	+ 0.87	002823
PN	+ 0.78	GENUSPOWER
BBL	+ 0.77	EOSE
FINCABLES	+ 0.74	PN
FINCABLES	+ 0.7	GENUSPOWER

High negative correlations

002823	- 0.82	PN
300870	- 0.8	PN
002823	- 0.77	GENUSPOWER
002823	- 0.74	FINCABLES
GENUSPOWER	- 0.68	EOSE
BBL	- 0.64	GENUSPOWER

Risk-Adjusted Indicators

There is a big difference between Amprius Stock performing well and Amprius Technologies 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 Amprius Technologies' 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
EOSE	4.35	1.44	0.37	0.50	3.41	(5.49)	10.38	(4.72)	38.85
FLNC	6.06	1.17	0.20	0.41	5.52	(7.49)	16.21	(8.68)	36.68
SLDP	6.67	1.26	0.19	0.48	6.37	(8.45)	16.71	(10.04)	48.73
GENUSPOWER	1.49	(0.30)	0.00	6.43	0.00	0.00	2.95	(3.50)	11.11
PN	6.18	(1.34)	0.00	4.42	0.00	0.00	10.67	(17.06)	52.13
ST	1.71	(0.12)	(0.01)	0.01	2.02	(2.06)	5.13	(2.71)	14.96
FINCABLES	0.93	(0.28)	0.00	(4.31)	0.00	0.00	1.92	(2.05)	4.83
002823	1.82	0.28	0.07	(0.28)	2.38	(1.95)	2.98	(3.57)	14.50
BBL	1.44	(0.04)	0.00	0.17	0.00	0.00	3.54	(3.57)	9.24
300870	4.07	0.70	0.16	0.59	3.80	(4.62)	12.32	(7.05)	31.14

Amprius Technologies Corporate Management

Constantin Stefan	Chief Officer	Profile
Jonathan Bornstein	Chief Officer	Profile
Sandra Wallach	Chief Officer	Profile
Ronnie Tao	Vice Sales	Profile
Siyu Jiang	Vice Affairs	Profile
Ricardo Rodriguez	Chief Officer	Profile

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