Arcure SA Correlations
ALCUR Stock | EUR 5.88 0.02 0.34% |
The correlation of Arcure 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Arcure SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Arcure SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Significant diversification
The correlation between Arcure SA and NYA is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arcure SA and NYA in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Arcure 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 Arcure 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 Arcure 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 Arcure SA to buy it.
Moving together with Arcure Stock
0.71 | GNE | General Electric Earnings Call Next Week | PairCorr |
0.81 | ALO | Alstom SA | PairCorr |
0.65 | ACA | Credit Agricole SA Earnings Call This Week | PairCorr |
0.79 | TTE | TotalEnergies SE | PairCorr |
0.61 | ENGI | Engie SA | PairCorr |
Related Correlations Analysis
-0.16 | 0.92 | 0.81 | 0.81 | ALENE | ||
-0.16 | -0.07 | 0.16 | 0.07 | ALTUV | ||
0.92 | -0.07 | 0.8 | 0.85 | ALAGP | ||
0.81 | 0.16 | 0.8 | 0.83 | PWG | ||
0.81 | 0.07 | 0.85 | 0.83 | BALYO | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Arcure Stock performing well and Arcure 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 Arcure 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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
ALENE | 3.69 | (0.46) | 0.00 | 2.22 | 0.00 | 7.02 | 29.93 | |||
ALTUV | 2.22 | 0.06 | 0.01 | 0.25 | 2.40 | 6.79 | 17.94 | |||
ALAGP | 3.39 | (0.78) | 0.00 | (1.85) | 0.00 | 5.15 | 37.00 | |||
PWG | 1.99 | (0.39) | 0.00 | (1.37) | 0.00 | 4.23 | 18.82 | |||
BALYO | 1.88 | (0.39) | 0.00 | 0.62 | 0.00 | 3.90 | 11.72 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Arcure SA 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?
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Arcure SA Corporate Management
Elected by the shareholders, the Arcure SA's board of directors comprises two types of representatives: Arcure SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Arcure. The board's role is to monitor Arcure SA's management team and ensure that shareholders' interests are well served. Arcure SA'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, Arcure SA's outside directors are responsible for providing unbiased perspectives on the board's policies.
Christine Aussibal | Director of Operations, Member of the Executive Committee | Profile | |
Karine Mansuy | Member of the Supervisory Board | Profile | |
Francois Breniaux | Member of the Supervisory Board - Representative of Supernova Invest | Profile | |
JeanGabriel Pointeau | Commercial Director, Member of the Executive Committee | Profile | |
Patrick Mansuy | Chairman of the Management Board, Member of the Executive Committee | Profile | |
Sabri Bayoudh | Director of Innovation, Member of the Executive Committee | Profile |
Already Invested in Arcure SA?
The danger of trading Arcure SA is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Arcure SA is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Arcure SA. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Arcure SA is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Arcure SA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary Tools for Arcure Stock analysis
When running Arcure SA's price analysis, check to measure Arcure SA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Arcure SA is operating at the current time. Most of Arcure SA's value examination focuses on studying past and present price action to predict the probability of Arcure SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Arcure SA's price. Additionally, you may evaluate how the addition of Arcure SA to your portfolios can decrease your overall portfolio volatility.
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