Applied Materials Correlations

Stocks . Germany . 
Stock . Applied Materials
AP2 Stock  EUR 184.64  4.66  2.46%   
The current 90-days correlation between Applied Materials and Penn National Gaming is -0.3 (i.e., Very good diversification). The correlation of Applied Materials 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.

Applied Materials Correlation With Market

Average diversification

The correlation between Applied Materials and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Applied Materials and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Applied Materials could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Applied Materials 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 Applied Materials - 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 Applied Materials to buy it.

Moving together with Applied Stock

  0.85AVS ASM InternationalPairCorr
  0.63KGHA KGHM Polska MiedzPairCorr
  0.6447V Sibanye StillwaterPairCorr

Moving against Applied Stock

  0.47VEFW MARKET VECTR RETAILPairCorr
  0.44GCB PTT Global ChemicalPairCorr
  0.42BYRA PT Bank RakyatPairCorr
  0.4107M CN MODERN DAIRYPairCorr
  0.364OQ1 AGNC INVESTMENTPairCorr
  0.33PQ9 BANK MANDIRIPairCorr
  0.53CBK Commerzbank AGPairCorr
  0.51XZ Ping An HealthcarePairCorr
  0.457NX NEXONPairCorr
  0.42CYL CryoLifePairCorr
  0.35MEC Meiko ElectronicsPairCorr
  0.33FRA Fraport AGPairCorr
  0.31XSDG Samsung SDIPairCorr

Related Correlations Analysis


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

4OQ1
+ 0.68
PN1
285
+ 0.64
4OQ1
BO5
+ 0.62
PN1
4OQ1
+ 0.44
BO5
4OQ1
+ 0.4
GS2C
5NU
+ 0.34
G5E
  

High negative correlations

4OQ1
- 0.68
G5E
285
- 0.66
G5E
5NU
- 0.54
GS2C
G5E
- 0.51
PN1
G5E
- 0.41
BO5
G5E
- 0.34
GS2C

Risk-Adjusted Indicators

There is a big difference between Applied Stock performing well and Applied Materials 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 Applied Materials' 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Applied Materials 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.

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Applied Materials Corporate Management

Elected by the shareholders, the Applied Materials' board of directors comprises two types of representatives: Applied Materials inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Applied. The board's role is to monitor Applied Materials' management team and ensure that shareholders' interests are well served. Applied Materials' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Applied Materials' outside directors are responsible for providing unbiased perspectives on the board's policies.
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