Munic SA Correlations

Stocks . France . 
Stock . Munic SA
ALMUN Stock  EUR 0.81  0.11  15.71%   
The current 90-days correlation between Munic SA and Wallix Group SA is -0.13 (i.e., Good diversification). The correlation of Munic 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Munic SA Correlation With Market

Modest diversification

The correlation between Munic SA and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Munic SA and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Munic 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 Munic 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 Munic 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 Munic SA to buy it.

Moving together with Munic Stock

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  0.73FDE La Franaise dePairCorr
  0.75ALTME TME Pharma NVPairCorr
  0.74MLCFD Compagnie de CheminsPairCorr
  0.63ALSTW StreamwidePairCorr
  0.62ALPDX Piscines DesjoyauxPairCorr
  0.69ALINN Innelec MultimediaPairCorr
  0.77FR Valeo SA Earnings Call This WeekPairCorr
  0.83NEX Nexans SAPairCorr
  0.78MLCMB Compagnie Du MontPairCorr
  0.68SGO Compagnie de SaintPairCorr
  0.66COVH Covivio HotelsPairCorr
  0.74XIL Xilam AnimationPairCorr
  0.74ALLIX Wallix Group SAPairCorr
  0.85THEP Thermador Groupe Earnings Call This WeekPairCorr
  0.79GBT Guerbet S APairCorr
  0.79SCHP Seche EnvironnemPairCorr
  0.68S30 Solutions 30 SEPairCorr
  0.83TRI Trigano SAPairCorr
  0.73GLE Societe GeneralePairCorr
  0.81BIG BigBen InteractivePairCorr
  0.82CBOT CBO Territoria SAPairCorr
  0.66VAC Pierre et VacancesPairCorr
  0.7974SW 74SW Earnings Call This WeekPairCorr

Moving against Munic Stock

  0.67ALBLU Bluelinea SAPairCorr
  0.52VMX Verimatrix Earnings Call This WeekPairCorr
  0.51ALGEC GECI InternationalPairCorr

Related Correlations Analysis

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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   
NACON
+ 0.89
ALLIX
ALNRG
+ 0.35
ALKAL
ALLIX
+ 0.09
ALKAL
NACON
+ 0.04
ALKAL
  
High negative correlations   
ALCUR
- 0.76
ALKAL
ALNRG
- 0.72
NACON
ALNRG
- 0.59
ALLIX
ALNRG
- 0.39
ALCUR
ALCUR
- 0.22
ALLIX
ALCUR
- 0.06
NACON

Risk-Adjusted Indicators

There is a big difference between Munic Stock performing well and Munic 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 Munic 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.

Be your own money manager

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

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Munic SA Corporate Management

Elected by the shareholders, the Munic SA's board of directors comprises two types of representatives: Munic SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Munic. The board's role is to monitor Munic SA's management team and ensure that shareholders' interests are well served. Munic 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, Munic SA's outside directors are responsible for providing unbiased perspectives on the board's policies.
Frederic NguyenTechnical DirectorProfile
Aaron SolomonChairman CEOProfile
Yann ParanthoenFounder DirectorProfile
Henri GravereauxAdm DirectorProfile
Thomas HallauerMarketing DirectorProfile
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