FinecoBank SpA Correlations

0QVF Stock

18.64 0.08 0.43%

The current 90-days correlation between FinecoBank SpA and Grieg Seafood is 0.12 (i.e., Average diversification). The correlation of FinecoBank SpA 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.

FinecoBank SpA Correlation With Market

Weak diversification

The correlation between FinecoBank SpA and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FinecoBank SpA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to FinecoBank SpA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FinecoBank SpA 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 FinecoBank SpA - 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 FinecoBank SpA to buy it.

Moving together with FinecoBank Stock

0.78	0R1O	Amazon Inc	Pair Corr
0.91	0H3Q	Deutsche Post AG	Pair Corr

Related Correlations Analysis

	BBH	DFIB	0LHR	0HTG	0GW8	JD	0J1R	0R9G
BBH		0.0	-0.15	0.18	0.11	0.06	0.27	-0.22	BBH
DFIB	0.0		0.0	0.0	0.0	0.0	0.0	0.0	DFIB
0LHR	-0.15	0.0		-0.71	-0.69	-0.29	-0.66	-0.39	0LHR
0HTG	0.18	0.0	-0.71		0.8	0.25	0.76	0.57	0HTG
0GW8	0.11	0.0	-0.69	0.8		0.67	0.74	0.6	0GW8
JD	0.06	0.0	-0.29	0.25	0.67		0.43	0.48	JD
0J1R	0.27	0.0	-0.66	0.76	0.74	0.43		0.37	0J1R
0R9G	-0.22	0.0	-0.39	0.57	0.6	0.48	0.37		0R9G
	BBH	DFIB	0LHR	0HTG	0GW8	JD	0J1R	0R9G

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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

0GW8	+ 0.8	0HTG
0J1R	+ 0.76	0HTG
0J1R	+ 0.74	0GW8
JD	+ 0.67	0GW8
0R9G	+ 0.6	0GW8
0R9G	+ 0.57	0HTG

High negative correlations

0HTG	- 0.71	0LHR
0GW8	- 0.69	0LHR
0J1R	- 0.66	0LHR
0R9G	- 0.39	0LHR
JD	- 0.29	0LHR
0R9G	- 0.22	BBH

Risk-Adjusted Indicators

There is a big difference between FinecoBank Stock performing well and FinecoBank SpA 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 FinecoBank SpA'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
BBH	0.86	(0.09)	0.00	(0.07)	0.00	0.00	1.98	(1.72)	5.61
DFIB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
0LHR	0.95	(0.16)	0.00	1.36	0.00	0.00	1.52	(2.06)	7.96
0HTG	0.89	0.22	0.06	4.53	0.84	(1.05)	2.40	(1.80)	5.93
0GW8	1.93	0.40	0.12	1.90	1.74	(2.38)	5.13	(3.55)	15.90
JD	1.86	0.22	0.04	0.89	2.54	(1.98)	2.88	(3.03)	13.29
0J1R	1.25	0.15	(0.03)	(0.55)	1.66	(1.34)	2.96	(2.23)	10.30
0R9G	1.52	0.22	0.01	(0.95)	2.16	(2.13)	4.71	(4.49)	14.26

Be your own money manager

Our tools can tell you how much better you can do entering a position in FinecoBank SpA 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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FinecoBank SpA Corporate Management

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

Giovanni Boneschi	Chief Officer	Profile
Paolo Grazia	Deputy Business	Profile
Andrea Pepe	Head Department	Profile
Patrizia Verdesca	Head Audit	Profile
Gianluca Fontanella	CoHead Relations	Profile
Lorena Pelliciari	Chief Officer	Profile

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