UniCredit SpA Correlations

Stocks . Germany . 
Stock . UniCredit SpA
CRIN Stock  EUR 56.82  0.45  0.80%   
The current 90-days correlation between UniCredit SpA and BRIT AMER TOBACCO is 0.18 (i.e., Average diversification). The correlation of UniCredit SpA 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.

UniCredit SpA Correlation With Market

Poor diversification

The correlation between UniCredit SpA and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UniCredit SpA and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to UniCredit SpA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace UniCredit SpA 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 UniCredit SpA - 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 UniCredit SpA to buy it.

Moving together with UniCredit Stock

  0.93BNP BNP Paribas SAPairCorr
  0.93BNPH BNP PARIBAS ADRPairCorr
  0.95IES Intesa Sanpaolo SpAPairCorr
  0.89LLD Lloyds Banking GroupPairCorr
  0.92LLD2 Lloyds Banking GroupPairCorr
  0.87XCA Crdit Agricole SAPairCorr
  0.9648CA CaixaBank SAPairCorr
  0.97KDB KBC Group NVPairCorr
  0.93SEBC Skandinaviska EnskildaPairCorr
  0.790ZQ JSC National AtomicPairCorr
  0.79ROM ROHMPairCorr
  0.78IDO1 PT Indosat TbkPairCorr
  0.63TCID Telkom Indonesia TbkPairCorr
  0.79ABEA Alphabet Class APairCorr
  0.87MSF MicrosoftPairCorr
  0.96M6Q Metso Outotec OyjPairCorr
  0.93IFX Infineon TechnologiesPairCorr
  0.78W9C Constellation SoftwarePairCorr
  0.76KGHA KGHM Polska MiedzPairCorr
  0.94G24 Scout24 SEPairCorr
  0.899TG0 GAZTRTECHNIUADR1/5EO01PairCorr
  0.78HCM Hitachi ConstructionPairCorr
  0.83CE1 Perdoceo EducationPairCorr
  0.871YD BroadcomPairCorr
  0.84AIRA Airbus SEPairCorr
  0.97SEBA Skandinaviska EnskildaPairCorr
  0.866E6 ATON GREEN STORAGEPairCorr
  0.74NTO NintendoPairCorr
  0.88MSF MicrosoftPairCorr
  0.81W2 INNELEC MULTIMMINHEO153PairCorr
  0.84SAP SAP SEPairCorr
  0.863XPA SIRIUSPOINT LTD DLPairCorr

Moving against UniCredit Stock

  0.53BRH Berkshire HathawayPairCorr
  0.36N9B BANDAI NAMCO HoldingsPairCorr
  0.91DBPD Xtrackers ShortDAXPairCorr
  0.454A0 Anglesey Mining plcPairCorr

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   
SRI
+ 0.85
BMT
HKU
+ 0.62
I1M
3MJ
+ 0.61
BMT
I1M
+ 0.44
2UA
3MJ
+ 0.41
ITB
SRI
+ 0.4
3MJ
  
High negative correlations   
HKU
- 0.35
BMT
HKU
- 0.24
SRI
I1M
- 0.23
BMT
HKU
- 0.21
3MJ
HKU
- 0.2
ITB
I1M
- 0.16
ITB

Risk-Adjusted Indicators

There is a big difference between UniCredit Stock performing well and UniCredit SpA 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 UniCredit SpA'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 UniCredit SpA 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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UniCredit SpA Corporate Management

Elected by the shareholders, the UniCredit SpA's board of directors comprises two types of representatives: UniCredit SpA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of UniCredit. The board's role is to monitor UniCredit SpA's management team and ensure that shareholders' interests are well served. UniCredit SpA'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, UniCredit SpA's outside directors are responsible for providing unbiased perspectives on the board's policies.
Stefano PorroChief OfficerProfile
Siobhan McDonaghHead CultureProfile
Gianpaolo AlessandroGroup DirectorsProfile
Serenella CandiaGroup OfficerProfile
Jingle PangGroup OfficerProfile
Andrea OrcelHead CEOProfile
Rodolfo OrtolaniEx FiduciariaProfile
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