SoftwareONE Holding Correlations
| SWONF Stock | USD 10.95 0.19 1.71% |
The correlation of SoftwareONE Holding 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.
SoftwareONE Holding Correlation With Market
Very good diversification
The correlation between SoftwareONE Holding AG and DJI is -0.31 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SoftwareONE Holding AG and DJI in the same portfolio, assuming nothing else is changed.
SoftwareONE |
The ability to find closely correlated positions to SoftwareONE Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SoftwareONE Holding 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 SoftwareONE Holding - 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 SoftwareONE Holding AG to buy it.
Moving together with SoftwareONE Pink Sheet
Moving against SoftwareONE Pink Sheet
| 0.52 | SNOW | Snowflake | PairCorr |
| 0.46 | UBER | Uber Technologies | PairCorr |
| 0.31 | SAP | SAP SE ADR | PairCorr |
| 0.67 | GE | GE Aerospace | PairCorr |
| 0.56 | MSFT | Microsoft Sell-off Trend | PairCorr |
Related Correlations Analysis
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 SoftwareONE Pink Sheet performing well and SoftwareONE Holding 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 SoftwareONE Holding'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WEMXF | 0.90 | (0.41) | 0.00 | 0.51 | 0.00 | 0.00 | 30.00 | |||
| TMOAY | 0.76 | (0.01) | 0.00 | 0.08 | 0.00 | 1.70 | 20.87 | |||
| ISDSF | 30.76 | 17.01 | 0.00 | (0.72) | 0.00 | 0.00 | 1,000.00 | |||
| SNNSF | 205.92 | 98.42 | 0.00 | 1.10 | 0.00 | 0.00 | 6,900 | |||
| TOPCF | 267,128 | 143,115 | 0.00 | (1.65) | 0.00 | 0.00 | 4,545,455 | |||
| TMVWF | 1.42 | (0.58) | 0.00 | 0.51 | 0.00 | 0.00 | 22.70 | |||
| AIIXY | 2.55 | 0.57 | 0.07 | 7.69 | 2.55 | 11.60 | 30.62 | |||
| TSHTY | 0.95 | (0.37) | 0.00 | (0.92) | 0.00 | 1.56 | 15.10 | |||
| SLNTY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| QTGPF | 1.16 | (0.54) | 0.00 | 0.49 | 0.00 | 0.00 | 17.56 |
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| All Next | Launch Module |
SoftwareONE Holding Corporate Management
| Frank Rossini | Group Sec | Profile | |
| Neil Lomax | Pres Board | Profile | |
| Bernd Schlotter | Pres Board | Profile | |
| Rodolfo Savitzky | CFO Board | Profile | |
| Sean Nicholson | Global Services | Profile | |
| Rene Nulsch | Chief Officer | Profile | |
| Dieter Schlosser | CEO Board | Profile |