Scout24 SE Correlations
| G24 Stock | EUR 118.70 0.50 0.42% |
The current 90-days correlation between Scout24 SE and Alphabet Class A is -0.17 (i.e., Good diversification). The correlation of Scout24 SE 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.
Scout24 SE Correlation With Market
Significant diversification
The correlation between Scout24 SE and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Scout24 SE and DJI in the same portfolio, assuming nothing else is changed.
Scout24 |
The ability to find closely correlated positions to Scout24 SE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Scout24 SE 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 Scout24 SE - 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 Scout24 SE to buy it.
Moving together with Scout24 Stock
| 0.83 | ABEA | Alphabet Class A Earnings Call This Week | PairCorr |
| 0.84 | ABEA | Alphabet Class A Earnings Call This Week | PairCorr |
| 0.8 | ABEC | Alphabet Earnings Call This Week | PairCorr |
| 0.9 | FB2A | Meta Platforms | PairCorr |
| 0.9 | FB2A | Meta Platforms | PairCorr |
| 0.88 | 1YL | PROSUS NV ADR | PairCorr |
| 0.9 | 1TY | Prosus NV | PairCorr |
| 0.69 | 6Z1 | AIRBNB INC DL | PairCorr |
| 0.73 | 0S2 | UNITED URBAN INV | PairCorr |
| 0.92 | KBIA | KB Financial Group Earnings Call This Week | PairCorr |
| 0.87 | KSF1 | SHINHAN FINL ADR1 Earnings Call This Week | PairCorr |
| 0.67 | HEI | Heidelberg Materials | PairCorr |
| 0.81 | F1YN | Lundin Gold | PairCorr |
| 0.78 | AG8 | AGILENT TECH | PairCorr |
| 0.79 | SEBC | Skandinaviska Enskilda | PairCorr |
| 0.61 | KGHA | KGHM Polska Miedz | PairCorr |
| 0.81 | KOM1 | Komatsu | PairCorr |
| 0.94 | 1W3 | WSP Global | PairCorr |
| 0.66 | FA2 | FORWARD AIR P | PairCorr |
| 0.9 | E908 | Lyxor 1 | PairCorr |
| 0.87 | DBPE | Xtrackers LevDAX | PairCorr |
Moving against Scout24 Stock
Related Correlations Analysis
| 0.99 | 0.79 | 0.51 | 0.83 | 0.72 | ABEA | ||
| 0.99 | 0.76 | 0.52 | 0.81 | 0.72 | ABEC | ||
| 0.79 | 0.76 | 0.47 | 0.96 | 0.82 | FB2A | ||
| 0.51 | 0.52 | 0.47 | 0.57 | 0.63 | NNND | ||
| 0.83 | 0.81 | 0.96 | 0.57 | 0.84 | 1TY | ||
| 0.72 | 0.72 | 0.82 | 0.63 | 0.84 | 6Z1 | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Scout24 Stock performing well and Scout24 SE 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 Scout24 SE'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ABEA | 1.51 | 0.25 | 0.05 | (1.24) | 1.84 | 3.52 | 10.95 | |||
| ABEC | 1.57 | 0.23 | 0.04 | (1.91) | 2.03 | 3.87 | 12.17 | |||
| FB2A | 1.52 | 0.41 | 0.19 | 5.20 | 1.11 | 2.84 | 13.77 | |||
| NNND | 1.37 | 0.24 | 0.02 | (0.26) | 1.28 | 3.42 | 10.21 | |||
| 1TY | 1.37 | 0.47 | 0.21 | (1.07) | 1.06 | 3.89 | 7.93 | |||
| 6Z1 | 1.62 | 0.31 | 0.09 | (1.32) | 1.44 | 4.04 | 12.78 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Scout24 SE 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 Portfolio Analyzer Now
Portfolio AnalyzerPortfolio analysis module that provides access to portfolio diagnostics and optimization engine |
| All Next | Launch Module |