AIXTRON SE Correlations

AIX2 Stock

EUR 23.80 1.40 6.25%

The current 90-days correlation between AIXTRON SE and United States Steel is -0.01 (i.e., Good diversification). The correlation of AIXTRON SE 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.

AIXTRON SE Correlation With Market

Modest diversification

The correlation between AIXTRON SE and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AIXTRON SE and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with AIXTRON Stock

0.88	ASME	ASML Holding NV	Pair Corr
0.88	AP2	Applied Materials	Pair Corr
0.87	TKY	Tokyo Electron	Pair Corr
0.89	KLA	KLA Corporation	Pair Corr
0.64	E0P	Enphase Energy	Pair Corr
0.89	TEY	Teradyne	Pair Corr
0.74	WMT	Walmart	Pair Corr
0.73	WMT	Walmart	Pair Corr
0.82	AMZ	Amazon Inc	Pair Corr
0.84	AMZ	Amazon Inc	Pair Corr
0.89	HHP2	Hon Hai Precision	Pair Corr
0.87	CSA	Accenture plc	Pair Corr

Moving against AIXTRON Stock

0.64	SII	Wheaton Precious Metals Earnings Call This Week	Pair Corr
0.49	HOU	CenterPoint Energy	Pair Corr
0.69	UN9	UNIQA INSURANCE GR	Pair Corr
0.68	SQS	Sqs Software Quality	Pair Corr
0.63	MOB	Monster Beverage Corp	Pair Corr
0.56	NWC	Norwegian Air Shuttle Earnings Call This Week	Pair Corr
0.51	BJI	Datang International	Pair Corr
0.44	IQ3	GMO Internet	Pair Corr
0.43	2U0	SOGECLAIR SA INH	Pair Corr
0.37	JUA	Japan Real Estate	Pair Corr
0.34	ERT	Electronic Arts Earnings Call This Week	Pair Corr
0.77	RHM	Rheinmetall AG	Pair Corr
0.7	SNQB	Sanoma Oyj	Pair Corr
0.68	VVDH	Veolia Environnement Earnings Call This Week	Pair Corr
0.66	EBK	EnBW Energie Baden	Pair Corr
0.6	8SX	SAVANT EXPL	Pair Corr
0.58	ACBB	Alpha Services Earnings Call This Week	Pair Corr

Related Correlations Analysis

	4KH	UWS	SD5	EDJ	COE	USX1	HZ8	I8M
4KH		0.0	0.0	0.0	0.0	0.0	0.0	0.0	4KH
UWS	0.0		0.8	0.47	-0.28	0.22	0.36	0.52	UWS
SD5	0.0	0.8		0.68	-0.34	0.09	0.69	0.53	SD5
EDJ	0.0	0.47	0.68		0.09	-0.05	0.79	0.35	EDJ
COE	0.0	-0.28	-0.34	0.09		0.18	0.0	0.16	COE
USX1	0.0	0.22	0.09	-0.05	0.18		0.05	0.32	USX1
HZ8	0.0	0.36	0.69	0.79	0.0	0.05		0.32	HZ8
I8M	0.0	0.52	0.53	0.35	0.16	0.32	0.32		I8M
	4KH	UWS	SD5	EDJ	COE	USX1	HZ8	I8M

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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

SD5	+ 0.8	UWS
HZ8	+ 0.79	EDJ
HZ8	+ 0.69	SD5
EDJ	+ 0.68	SD5
I8M	+ 0.53	SD5
I8M	+ 0.52	UWS

High negative correlations

COE	- 0.34	SD5
COE	- 0.28	UWS
USX1	- 0.05	EDJ
HZ8	- 0.0	COE
I8M	- 0.0	4KH
HZ8	- 0.0	4KH

Risk-Adjusted Indicators

There is a big difference between AIXTRON Stock performing well and AIXTRON SE 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 AIXTRON SE'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
4KH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UWS	0.92	0.01	0.09	(0.38)	1.42	(0.83)	1.59	(2.29)	9.03
SD5	2.07	(0.01)	0.05	(0.09)	2.70	(2.23)	4.97	(4.27)	18.98
EDJ	1.87	0.13	0.10	(0.51)	2.37	(2.17)	4.23	(4.14)	10.87
COE	2.64	0.58	0.20	1.56	2.85	(2.89)	5.61	(4.56)	14.73
USX1	2.62	0.16	0.07	(1.58)	4.00	(2.45)	5.90	(5.83)	32.02
HZ8	2.15	0.21	0.09	0.46	2.68	(3.02)	8.49	(4.09)	20.33
I8M	1.95	0.09	0.07	(0.90)	2.96	(2.06)	4.76	(4.02)	19.13

Be your own money manager

Our tools can tell you how much better you can do entering a position in AIXTRON SE 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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