Autoneum Holding Correlations
| AUTN Stock | CHF 147.40 0.60 0.41% |
The current 90-days correlation between Autoneum Holding and Rieter Holding AG is 0.5 (i.e., Very weak diversification). The correlation of Autoneum Holding 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.
Autoneum Holding Correlation With Market
Average diversification
The correlation between Autoneum Holding AG and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Autoneum Holding AG and DJI in the same portfolio, assuming nothing else is changed.
Autoneum |
The ability to find closely correlated positions to Autoneum Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Autoneum Holding 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 Autoneum Holding - 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 Autoneum Holding AG to buy it.
Moving together with Autoneum Stock
| 0.82 | LISN | Chocoladefabriken Lindt Earnings Call Tomorrow | PairCorr |
| 0.83 | LISP | Chocoladefabriken Lindt Earnings Call Tomorrow | PairCorr |
| 0.89 | ZUGER | Zuger Kantonalbank | PairCorr |
| 0.91 | WARN | Warteck Invest | PairCorr |
| 0.7 | BLKB | Basellandschaftliche | PairCorr |
| 0.88 | UBXN | U Blox Holding | PairCorr |
| 0.97 | BUCN | Bucher Industries | PairCorr |
| 0.63 | COTN | Comet Holding AG | PairCorr |
| 0.78 | OERL | OC Oerlikon Corp | PairCorr |
| 0.72 | CPHN | CPH Chemie und | PairCorr |
| 0.82 | UBSG | UBS Group AG | PairCorr |
| 0.87 | SLHN | Swiss Life Holding | PairCorr |
| 0.85 | SWTQ | Schweiter Technologies Earnings Call This Week | PairCorr |
| 0.76 | ADXN | Addex Therapeutics | PairCorr |
| 0.68 | INRN | Interroll Holding | PairCorr |
| 0.7 | EMSN | EMS CHEMIE HOLDING | PairCorr |
| 0.66 | MOBN | Mobimo Hldg | PairCorr |
| 0.78 | MOZN | mobilezone ag | PairCorr |
| 0.92 | ABBN | ABB | PairCorr |
| 0.82 | BEKN | Berner Kantonalbank | PairCorr |
| 0.91 | IFCN | Inficon Holding | PairCorr |
| 0.87 | ALSN | Also Holding AG Earnings Call Tomorrow | PairCorr |
| 0.67 | CICN | Cicor Technologies Earnings Call This Week | PairCorr |
| 0.71 | CMBN | Cembra Money Bank Earnings Call This Week | PairCorr |
| 0.83 | BRKN | Burkhalter Holding | PairCorr |
| 0.67 | BANB | Bachem Holding AG Earnings Call This Week | PairCorr |
| 0.94 | KLIN | Klingelnberg AG | PairCorr |
| 0.84 | HELN | Helvetia Holding | PairCorr |
| 0.75 | IMPN | Implenia AG | PairCorr |
| 0.78 | SUN | Sulzer AG Earnings Call This Week | PairCorr |
| 0.88 | SWON | SoftwareONE Holding | PairCorr |
Related Correlations Analysis
| 0.0 | 0.39 | 0.9 | 0.82 | RIEN | ||
| 0.0 | 0.81 | -0.04 | -0.01 | COTN | ||
| 0.39 | 0.81 | 0.23 | 0.26 | VACN | ||
| 0.9 | -0.04 | 0.23 | 0.91 | BOSN | ||
| 0.82 | -0.01 | 0.26 | 0.91 | KOMN | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Autoneum Stock performing well and Autoneum Holding 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 Autoneum Holding'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RIEN | 1.81 | 0.13 | 0.02 | 0.50 | 1.80 | 4.52 | 10.25 | |||
| COTN | 1.68 | 0.48 | 0.23 | 1.13 | 1.41 | 3.98 | 8.68 | |||
| VACN | 1.70 | 0.30 | 0.14 | 0.89 | 1.34 | 3.94 | 10.02 | |||
| BOSN | 1.01 | 0.08 | (0.02) | 0.58 | 1.32 | 2.34 | 9.56 | |||
| KOMN | 1.65 | 0.19 | 0.03 | 0.99 | 2.04 | 4.24 | 13.93 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Autoneum Holding 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 Pattern Recognition Now
Pattern RecognitionUse different Pattern Recognition models to time the market across multiple global exchanges |
| All Next | Launch Module |
Autoneum Holding Corporate Management
Elected by the shareholders, the Autoneum Holding's board of directors comprises two types of representatives: Autoneum Holding inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Autoneum. The board's role is to monitor Autoneum Holding's management team and ensure that shareholders' interests are well served. Autoneum Holding'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, Autoneum Holding's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Matthias Holzammer | CEO Board | Profile | |
| Andreas Kolf | Head Board | Profile | |
| Alexandra Bendler | Head Board | Profile | |
| Bernhard Weber | Head IR | Profile | |
| Anahid Rickmann | Head Responsibility | Profile | |
| Fausto Bigi | Head Board | Profile | |
| Greg Sibley | Head Board | Profile |