Stratec SE Correlations
| SBS Stock | EUR 29.00 1.10 3.94% |
The current 90-days correlation between Stratec SE and BANK HANDLOWY is 0.07 (i.e., Significant diversification). The correlation of Stratec 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.
Stratec SE Correlation With Market
Modest diversification
The correlation between Stratec SE and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stratec SE and DJI in the same portfolio, assuming nothing else is changed.
Stratec |
The ability to find closely correlated positions to Stratec 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 Stratec 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 Stratec 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 Stratec SE to buy it.
Moving together with Stratec Stock
| 0.64 | HEI | Heidelberg Materials | PairCorr |
| 0.66 | KGHA | KGHM Polska Miedz | PairCorr |
| 0.7 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.71 | E908 | Lyxor 1 | PairCorr |
Moving against Stratec Stock
| 0.68 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.42 | ZIM | Zimmer Biomet Holdings | PairCorr |
| 0.32 | ABL | Abbott Laboratories | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Stratec Stock performing well and Stratec 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 Stratec 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ABL | 1.04 | (0.12) | 0.00 | (0.75) | 0.00 | 2.39 | 11.50 | |||
| EWL | 1.05 | 0.10 | (0.02) | (5.81) | 1.16 | 2.36 | 9.11 | |||
| 94P | 1.26 | 0.14 | 0.02 | 0.55 | 1.45 | 3.01 | 10.45 | |||
| 2DG | 3.52 | 0.36 | 0.08 | 0.51 | 3.07 | 9.68 | 20.87 | |||
| IUI1 | 1.24 | 0.01 | (0.05) | 0.16 | 1.67 | 2.92 | 9.48 | |||
| 6HW | 0.64 | 0.14 | 0.01 | 3.49 | 0.60 | 2.46 | 5.60 | |||
| CZX | 0.58 | 0.17 | 0.04 | (7.17) | 0.30 | 1.69 | 4.92 | |||
| RS6 | 1.12 | 0.23 | 0.08 | 3.17 | 1.03 | 2.81 | 7.01 | |||
| 3RKU | 1.73 | 0.55 | 0.19 | (16.29) | 1.62 | 4.11 | 11.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Stratec 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?
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Stratec SE Corporate Management
Elected by the shareholders, the Stratec SE's board of directors comprises two types of representatives: Stratec SE inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Stratec. The board's role is to monitor Stratec SE's management team and ensure that shareholders' interests are well served. Stratec SE'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, Stratec SE's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Roland Utz | Head VP | Profile | |
| Claus Vielsack | Director Management | Profile | |
| Jan Keppeler | Sustainability Relations | Profile | |
| Robert Siegle | Director Management | Profile | |
| Andre Loy | Director Communications | Profile | |
| Marcus Wolfinger | Chairman CEO | Profile | |
| Hermann Leistner | Founder Advisor | Profile |