EMS CHEMIE Correlations

EMSN Stock

CHF 650.50 8.50 1.32%

The current 90-days correlation between EMS CHEMIE HOLDING and Cicor Technologies is 0.16 (i.e., Average diversification). The correlation of EMS CHEMIE 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.

EMS CHEMIE Correlation With Market

Average diversification

The correlation between EMS CHEMIE HOLDING AG and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EMS CHEMIE HOLDING AG and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to EMS CHEMIE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EMS CHEMIE 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 EMS CHEMIE - 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 EMS CHEMIE HOLDING AG to buy it.

Moving together with EMS Stock

0.82	INRN	Interroll Holding Earnings Call This Week	Pair Corr
0.65	LEHN	Lem Holding SA Earnings Call This Week	Pair Corr

Related Correlations Analysis

	CICN	VPBN	ZUGER	LUKN	CMBN	ZURN	ELMN	BSKP
CICN		-0.25	0.61	0.88	0.55	-0.61	0.96	-0.27	CICN
VPBN	-0.25		0.17	-0.47	0.48	0.75	-0.4	0.63	VPBN
ZUGER	0.61	0.17		0.35	0.61	-0.15	0.52	0.27	ZUGER
LUKN	0.88	-0.47	0.35		0.42	-0.65	0.9	-0.39	LUKN
CMBN	0.55	0.48	0.61	0.42		0.22	0.41	0.39	CMBN
ZURN	-0.61	0.75	-0.15	-0.65	0.22		-0.7	0.55	ZURN
ELMN	0.96	-0.4	0.52	0.9	0.41	-0.7		-0.36	ELMN
BSKP	-0.27	0.63	0.27	-0.39	0.39	0.55	-0.36		BSKP
	CICN	VPBN	ZUGER	LUKN	CMBN	ZURN	ELMN	BSKP

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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

ELMN	+ 0.96	CICN
ELMN	+ 0.9	LUKN
LUKN	+ 0.88	CICN
ZURN	+ 0.75	VPBN
BSKP	+ 0.63	VPBN
ZUGER	+ 0.61	CICN

High negative correlations

ELMN	- 0.7	ZURN
ZURN	- 0.65	LUKN
ZURN	- 0.61	CICN
LUKN	- 0.47	VPBN
ELMN	- 0.4	VPBN
BSKP	- 0.39	LUKN

Risk-Adjusted Indicators

There is a big difference between EMS Stock performing well and EMS CHEMIE 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 EMS CHEMIE'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
CICN	2.14	1.07	0.33	(8.24)	1.73	(2.64)	5.74	(3.17)	16.11
VPBN	0.58	0.06	(0.19)	(0.94)	0.68	(0.72)	1.28	(0.99)	4.94
ZUGER	0.56	0.02	(0.17)	0.45	0.70	(0.72)	1.18	(1.15)	5.05
LUKN	0.59	0.13	(0.14)	(0.40)	0.66	(0.69)	1.27	(0.94)	3.73
CMBN	0.63	0.12	(0.12)	(0.83)	0.73	(0.68)	1.26	(0.97)	3.78
ZURN	0.58	0.00	(0.27)	(0.34)	0.74	(0.63)	1.20	(1.24)	3.15
ELMN	0.51	0.16	(0.03)	1.99	0.00	(1.07)	1.77	(0.94)	2.79
BSKP	0.65	(0.01)	0.00	0.53	0.00	0.00	1.35	(1.32)	3.60

Be your own money manager

Our tools can tell you how much better you can do entering a position in EMS CHEMIE 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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EMS CHEMIE Corporate Management

Elected by the shareholders, the EMS CHEMIE's board of directors comprises two types of representatives: EMS CHEMIE inside directors who are chosen from within the company, and outside directors, selected externally and held independent of EMS. The board's role is to monitor EMS CHEMIE's management team and ensure that shareholders' interests are well served. EMS CHEMIE'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, EMS CHEMIE's outside directors are responsible for providing unbiased perspectives on the board's policies.

Magdalena MartulloBlocher	CEO ViceChairman	Profile
Peter Germann	Member Management	Profile
Christoph Kleiner	Member Board	Profile
Oliver Fluhler	CFO Management	Profile

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