Aperam SA Correlations
| APAM Stock | EUR 27.92 0.82 3.03% |
The current 90-days correlation between Aperam SA and SBM Offshore NV is 0.09 (i.e., Significant diversification). The correlation of Aperam 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.
Aperam SA Correlation With Market
Good diversification
The correlation between Aperam SA and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aperam SA and DJI in the same portfolio, assuming nothing else is changed.
Aperam |
The ability to find closely correlated positions to Aperam 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 Aperam 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 Aperam 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 Aperam SA to buy it.
Moving together with Aperam Stock
| 0.65 | AGN | Aegon NV | PairCorr |
| 0.7 | WHA | Wereldhave NV Earnings Call Tomorrow | PairCorr |
| 0.69 | JDEP | Jde Peets Nv | PairCorr |
| 0.69 | SLIGR | Sligro Food Group | PairCorr |
| 0.69 | HAL | HAL Trust | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Aperam Stock performing well and Aperam 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 Aperam 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MT | 1.37 | 0.28 | 0.09 | (1.82) | 1.21 | 4.48 | 9.14 | |||
| NN | 0.58 | 0.27 | 0.19 | (10.85) | 0.29 | 1.39 | 3.85 | |||
| SBMO | 1.01 | 0.50 | 0.26 | (1.26) | 0.72 | 2.64 | 5.55 | |||
| BESI | 1.95 | 0.43 | 0.14 | 1.59 | 1.97 | 5.22 | 11.61 | |||
| AALB | 1.29 | 0.23 | 0.09 | 5.58 | 1.08 | 3.60 | 9.99 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Aperam 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?
Run ETF Categories Now
ETF CategoriesList of ETF categories grouped based on various criteria, such as the investment strategy or type of investments |
| All Next | Launch Module |
Aperam SA Corporate Management
Elected by the shareholders, the Aperam SA's board of directors comprises two types of representatives: Aperam SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aperam. The board's role is to monitor Aperam SA's management team and ensure that shareholders' interests are well served. Aperam 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, Aperam SA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Geert Verbeeck | Health Sustainability | Profile | |
| Bert Lyssens | Head of Sustainability, Human Resources and Communications Member of the Leadership Team | Profile | |
| Bernard Hallemans | Chief Europe | Profile | |
| Guillaume Bazetoux | Head of Finance | Profile | |
| Thorsten Zimmermann | Head of Investors Relations | Profile |