Societe Generale Correlations
| GLE Stock | EUR 25.39 0.20 0.78% |
The correlation of Societe Generale 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Societe Generale moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Societe Generale SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Weak diversification
The correlation between Societe Generale SA and NYA is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Societe Generale SA and NYA in the same portfolio, assuming nothing else is changed.
Societe |
The ability to find closely correlated positions to Societe Generale could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Societe Generale 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 Societe Generale - 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 Societe Generale SA to buy it.
Moving together with Societe Stock
| 0.98 | BNP | BNP Paribas SA | PairCorr |
| 0.96 | ACA | Credit Agricole SA | PairCorr |
| 0.93 | TTE | TotalEnergies SE | PairCorr |
| 0.84 | CS | AXA SA Earnings Call This Week | PairCorr |
Moving against Societe Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Societe Stock performing well and Societe Generale 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 Societe Generale'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BNP | 0.91 | 0.25 | 0.18 | 0.67 | 0.86 | 2.04 | 5.86 | |||
| ACA | 0.64 | 0.17 | 0.09 | 0.77 | 1.00 | 1.55 | 6.77 | |||
| CS | 0.68 | 0.17 | 0.13 | 0.63 | 0.72 | 1.73 | 4.87 | |||
| RNO | 1.32 | 0.46 | 0.18 | 0.86 | 1.83 | 2.65 | 12.05 | |||
| SAN | 0.81 | 0.05 | 0.01 | 0.94 | 0.89 | 1.57 | 4.90 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Societe Generale 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?
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Societe Generale Corporate Management
Elected by the shareholders, the Societe Generale's board of directors comprises two types of representatives: Societe Generale inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Societe. The board's role is to monitor Societe Generale's management team and ensure that shareholders' interests are well served. Societe Generale'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, Societe Generale's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Frederic Oudea | MD CEO | Profile | |
| Dominique Bourrinet | Group Counsel | Profile | |
| Philippe Aymerich | Deputy Officer | Profile | |
| Diony Lebot | Deputy Officer | Profile | |
| Gaelle Olivier | COO GM | Profile | |
| Claire Dumas | Group Department | Profile | |
| Carlos Goncalves | Global Officer | Profile |
Already Invested in Societe Generale SA?
The danger of trading Societe Generale SA is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Societe Generale is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Societe Generale. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Societe Generale is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Societe Generale SA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the Societe Generale information on this page should be used as a complementary analysis to other Societe Generale's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for Societe Stock analysis
When running Societe Generale's price analysis, check to measure Societe Generale's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Societe Generale is operating at the current time. Most of Societe Generale's value examination focuses on studying past and present price action to predict the probability of Societe Generale's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Societe Generale's price. Additionally, you may evaluate how the addition of Societe Generale to your portfolios can decrease your overall portfolio volatility.
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