Aegean Airlines Correlations
| AGZNF Stock | USD 14.54 0.00 0.00% |
The current 90-days correlation between Aegean Airlines SA and Allegiant Travel is -0.07 (i.e., Good diversification). The correlation of Aegean Airlines 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.
Aegean Airlines Correlation With Market
Good diversification
The correlation between Aegean Airlines SA and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aegean Airlines SA and DJI in the same portfolio, assuming nothing else is changed.
Aegean |
The ability to find closely correlated positions to Aegean Airlines could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aegean Airlines 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 Aegean Airlines - 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 Aegean Airlines SA to buy it.
Moving together with Aegean Pink Sheet
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Moving against Aegean Pink Sheet
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Risk-Adjusted Indicators
There is a big difference between Aegean Pink Sheet performing well and Aegean Airlines 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 Aegean Airlines' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CPA | 1.24 | 0.25 | 0.15 | 0.49 | 1.08 | 2.79 | 7.42 | |||
| UAL | 2.30 | 0.33 | 0.15 | 0.32 | 2.46 | 5.39 | 18.67 | |||
| DAL | 1.97 | 0.32 | 0.18 | 0.32 | 1.83 | 5.79 | 16.12 | |||
| SKYW | 1.47 | 0.27 | 0.22 | 0.34 | 1.08 | 3.14 | 7.95 | |||
| ALGT | 3.03 | (0.12) | 0.04 | 0.09 | 3.30 | 6.78 | 17.95 |
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Aegean Airlines Corporate Management
| Iosif Mastorantonakis | Director Admin | Profile | |
| Pehlevanoudis Zisis | Accountable Mang | Profile | |
| Ioannis Aloukos | Technical Director | Profile | |
| Styliani Dimaraki | Group Director | Profile | |
| Eftichios Vassilakis | Ex Chairman | Profile | |
| Aristides Kamvysis | Chief Officer | Profile |