Alan Allman Correlations

AAA Stock

EUR 4.20 0.07 1.69%

The current 90-days correlation between Alan Allman Associates and Groupe Pizzorno Environnement is -0.06 (i.e., Good diversification). The correlation of Alan Allman 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.

Alan Allman Correlation With Market

Modest diversification

The correlation between Alan Allman Associates and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alan Allman Associates and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Alan Stock

0.66	FRVIA	Forvia SE	Pair Corr
0.63	RXL	Rexel SA	Pair Corr
0.6	EC	TotalEnergies EP Gabon Earnings Call This Week	Pair Corr
0.6	AREIT	Altareit	Pair Corr
0.59	SWP	Sword Group SE	Pair Corr
0.55	ALWIT	Witbe Net SA	Pair Corr
0.54	ALVDM	Voyageurs du Monde	Pair Corr
0.49	ALTME	TME Pharma NV	Pair Corr
0.48	GBT	Guerbet S A	Pair Corr
0.47	INFE	Compagnie Industrielle	Pair Corr
0.47	BIG	BigBen Interactive	Pair Corr
0.45	THEP	Thermador Groupe	Pair Corr
0.41	SAF	Safran SA	Pair Corr
0.4	ALBDM	Bd Multimedia	Pair Corr
0.4	SCHP	Seche Environnem	Pair Corr
0.31	RCO	Remy Cointreau	Pair Corr
0.31	ALINN	Innelec Multimedia	Pair Corr
0.31	BUR	Burelle SA Earnings Call This Week	Pair Corr
0.68	ALMCE	Mon Courtier Energie	Pair Corr
0.67	MLCMB	Compagnie Du Mont	Pair Corr
0.67	ALLIX	Wallix Group SA	Pair Corr
0.64	ALLOG	Logic Instrume	Pair Corr
0.64	FDE	La Franaise de Earnings Call Tomorrow	Pair Corr
0.63	NEX	Nexans SA	Pair Corr
0.58	AURE	Aurea SA Earnings Call This Week	Pair Corr
0.58	VRLA	Verallia	Pair Corr
0.57	ALATA	Atari SA	Pair Corr
0.55	MLCFD	Compagnie de Chemins	Pair Corr
0.54	74SW	74SW Earnings Call This Week	Pair Corr
0.52	AKW	Akwel SA	Pair Corr
0.48	ALUCI	Lucibel	Pair Corr
0.47	FR	Valeo SA Earnings Call This Week	Pair Corr

Related Correlations Analysis

	GPE	MLCHE	SEC	MLNOV	UBI	ALNMG	ALHIT	DIM
GPE		-0.3	-0.29	0.0	0.27	0.3	-0.04	-0.19	GPE
MLCHE	-0.3		-0.06	-0.21	0.41	0.36	-0.37	0.15	MLCHE
SEC	-0.29	-0.06		0.68	-0.35	-0.34	0.47	-0.03	SEC
MLNOV	0.0	-0.21	0.68		-0.5	-0.49	0.73	-0.03	MLNOV
UBI	0.27	0.41	-0.35	-0.5		0.84	-0.74	0.26	UBI
ALNMG	0.3	0.36	-0.34	-0.49	0.84		-0.72	0.37	ALNMG
ALHIT	-0.04	-0.37	0.47	0.73	-0.74	-0.72		-0.11	ALHIT
DIM	-0.19	0.15	-0.03	-0.03	0.26	0.37	-0.11		DIM
	GPE	MLCHE	SEC	MLNOV	UBI	ALNMG	ALHIT	DIM

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

ALNMG	+ 0.84	UBI
ALHIT	+ 0.73	MLNOV
MLNOV	+ 0.68	SEC
ALHIT	+ 0.47	SEC
UBI	+ 0.41	MLCHE
DIM	+ 0.37	ALNMG

High negative correlations

ALHIT	- 0.74	UBI
ALHIT	- 0.72	ALNMG
UBI	- 0.5	MLNOV
ALNMG	- 0.49	MLNOV
ALHIT	- 0.37	MLCHE
UBI	- 0.35	SEC

Risk-Adjusted Indicators

There is a big difference between Alan Stock performing well and Alan Allman 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 Alan Allman'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
GPE	1.14	0.07	(0.03)	1.23	1.39	(1.75)	3.16	(1.96)	13.77
MLCHE	0.88	0.07	0.00	0.04	0.00	0.00	0.00	(2.61)	17.97
SEC	2.72	0.70	0.09	(0.86)	2.88	(4.19)	9.09	(5.66)	17.97
MLNOV	2.44	0.51	0.08	0.79	2.18	(10.39)	12.50	(6.67)	28.33
UBI	2.05	0.03	(0.03)	(0.75)	3.90	(2.02)	4.01	(3.02)	25.57
ALNMG	1.86	(0.27)	0.00	(0.43)	0.00	0.00	4.17	(4.86)	28.74
ALHIT	1.04	0.12	0.01	0.47	1.42	(1.84)	2.50	(2.42)	10.12
DIM	1.19	(0.01)	0.00	0.19	0.00	0.00	2.64	(3.16)	7.74

Be your own money manager

Our tools can tell you how much better you can do entering a position in Alan Allman 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.

Did you try this?

Run Transaction History Now

Transaction History

View history of all your transactions and understand their impact on performance

All Next

Launch Module

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