Grifols SA Correlations
| GRF Stock | EUR 11.76 0.08 0.68% |
The current 90-days correlation between Grifols SA and ACS Actividades de is 0.24 (i.e., Modest diversification). The correlation of Grifols SA 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.
Grifols SA Correlation With Market
Significant diversification
The correlation between Grifols SA and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grifols SA and DJI in the same portfolio, assuming nothing else is changed.
Grifols |
The ability to find closely correlated positions to Grifols SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grifols SA 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 Grifols SA - 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 Grifols SA to buy it.
Moving together with Grifols Stock
| 0.8 | SAN | Banco Santander Earnings Call This Week | PairCorr |
| 0.67 | TEF | Telefonica Earnings Call This Week | PairCorr |
| 0.87 | AIR | Airbus Group SE Earnings Call This Week | PairCorr |
| 0.86 | IAG | International Consolidated | PairCorr |
| 0.7 | MAP | Mapfre Earnings Call Tomorrow | PairCorr |
| 0.87 | ISUR | Inmobiliaria del Sur Earnings Call This Week | PairCorr |
| 0.65 | YFID | Fidere Patrimonio SOCIMI | PairCorr |
| 0.7 | EDR | eDreams Odigeo SA | PairCorr |
| 0.92 | MRL | Merlin Properties SOCIMI Earnings Call This Week | PairCorr |
| 0.77 | SCYR | Sacyr SA Earnings Call This Week | PairCorr |
Moving against Grifols Stock
Related Correlations Analysis
| 0.72 | 0.92 | 0.78 | -0.48 | ACS | ||
| 0.72 | 0.76 | 0.9 | -0.69 | ACX | ||
| 0.92 | 0.76 | 0.82 | -0.6 | FER | ||
| 0.78 | 0.9 | 0.82 | -0.78 | IAG | ||
| -0.48 | -0.69 | -0.6 | -0.78 | CLNX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Grifols Stock performing well and Grifols SA 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 Grifols SA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ACS | 0.96 | 0.24 | 0.08 | 1.85 | 0.92 | 2.05 | 4.87 | |||
| ACX | 1.28 | 0.21 | 0.03 | 26.18 | 1.33 | 3.71 | 9.37 | |||
| FER | 0.70 | 0.18 | 0.03 | 2.53 | 0.44 | 2.16 | 5.24 | |||
| IAG | 1.60 | 0.61 | 0.23 | 6.17 | 1.39 | 4.83 | 11.12 | |||
| CLNX | 0.93 | (0.10) | 0.00 | (0.27) | 0.00 | 1.57 | 4.91 |
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Grifols SA Corporate Management
Elected by the shareholders, the Grifols SA's board of directors comprises two types of representatives: Grifols SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Grifols. The board's role is to monitor Grifols SA's management team and ensure that shareholders' interests are well served. Grifols SA'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, Grifols SA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Nuria Lapea | Risk Treasury | Profile | |
| M Tubau | Co Affairs | Profile | |
| Maria Llano | Chief Officer | Profile | |
| Steven JD | Ex Chairman | Profile | |
| Mateo Humbert | Co Officer | Profile | |
| Montserrat Llamas | Chief Officer | Profile | |
| Vctor Deu | CoCEO Director | Profile |