AUREA SA Correlations

Stocks . Germany . 
Stock . AUREA SA INH
94P Stock   5.62  0.08  1.40%   
The current 90-days correlation between AUREA SA INH and SHIN ETSU CHEMICAL is 0.05 (i.e., Significant diversification). The correlation of AUREA SA 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.

AUREA SA Correlation With Market

Average diversification

The correlation between AUREA SA INH and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AUREA SA INH and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to AUREA SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AUREA SA 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 AUREA SA - 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 AUREA SA INH to buy it.

Moving together with AUREA Stock

  0.75MSF MicrosoftPairCorr
  0.74MSF MicrosoftPairCorr
  0.74MSF MicrosoftPairCorr
  0.74MSF MicrosoftPairCorr
  0.69DBPE Xtrackers LevDAXPairCorr
  0.73E908 Lyxor 1PairCorr

Moving against AUREA Stock

  0.68DBPD Xtrackers ShortDAXPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
SEH
+ 0.98
SEH
UOF
+ 0.87
S9M
QUC
+ 0.74
S9M
S9M
+ 0.63
SEH
SEH
+ 0.63
S9M
SEH
+ 0.63
UOF
  
High negative correlations   
QUC
- 0.01
LLC

Risk-Adjusted Indicators

There is a big difference between AUREA Stock performing well and AUREA SA 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 AUREA SA'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.

AUREA SA Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with AUREA SA stock to make a market-neutral strategy. Peer analysis of AUREA SA could also be used in its relative valuation, which is a method of valuing AUREA SA by comparing valuation metrics with similar companies.
 Risk & Return  Correlation
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY