Schweiter Technologies Correlations
| SWTQ Stock | CHF 409.00 5.50 1.33% |
The current 90-days correlation between Schweiter Technologies and EMS CHEMIE HOLDING AG is 0.44 (i.e., Very weak diversification). The correlation of Schweiter Technologies 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Schweiter Technologies Correlation With Market
Average diversification
The correlation between Schweiter Technologies AG and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Schweiter Technologies AG and DJI in the same portfolio, assuming nothing else is changed.
Schweiter |
The ability to find closely correlated positions to Schweiter Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Schweiter Technologies 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 Schweiter Technologies - 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 Schweiter Technologies AG to buy it.
Moving together with Schweiter Stock
| 0.82 | SCHN | Schindler Holding | PairCorr |
| 0.89 | BUCN | Bucher Industries | PairCorr |
| 0.68 | SUN | Sulzer AG Earnings Call This Week | PairCorr |
| 0.73 | INRN | Interroll Holding | PairCorr |
| 0.73 | BCHN | Burckhardt Compression | PairCorr |
| 0.85 | OERL | OC Oerlikon Corp | PairCorr |
| 0.62 | KOMN | Komax Holding AG | PairCorr |
| 0.71 | LEON | Leonteq AG Earnings Call This Week | PairCorr |
| 0.61 | METN | Metall Zug AG | PairCorr |
| 0.74 | TKBP | Thurgauer Kantonalbank | PairCorr |
| 0.82 | BALN | Baloise Holding AG | PairCorr |
| 0.65 | BEKN | Berner Kantonalbank | PairCorr |
| 0.86 | SQN | Swissquote Group Holding | PairCorr |
Moving against Schweiter Stock
Related Correlations Analysis
| 0.0 | -0.33 | 0.63 | -0.03 | EMMN | ||
| 0.0 | 0.29 | 0.56 | 0.54 | EMSN | ||
| -0.33 | 0.29 | 0.16 | 0.78 | BARN | ||
| 0.63 | 0.56 | 0.16 | 0.52 | SUN | ||
| -0.03 | 0.54 | 0.78 | 0.52 | VACN | ||
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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
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Risk-Adjusted Indicators
There is a big difference between Schweiter Stock performing well and Schweiter Technologies 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 Schweiter Technologies' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EMMN | 0.71 | (0.01) | 0.00 | 0.30 | 0.00 | 1.43 | 5.45 | |||
| EMSN | 0.94 | 0.16 | 0.05 | 0.94 | 0.91 | 2.23 | 6.04 | |||
| BARN | 1.94 | 0.47 | 0.10 | (13.81) | 3.08 | 4.55 | 17.95 | |||
| SUN | 1.18 | 0.20 | 0.06 | 0.92 | 1.28 | 3.27 | 7.58 | |||
| VACN | 1.70 | 0.30 | 0.14 | 0.76 | 1.34 | 3.94 | 10.02 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Schweiter Technologies 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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Schweiter Technologies Corporate Management
Elected by the shareholders, the Schweiter Technologies' board of directors comprises two types of representatives: Schweiter Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Schweiter. The board's role is to monitor Schweiter Technologies' management team and ensure that shareholders' interests are well served. Schweiter Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Schweiter Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Yves RougnonGlasson | Head Switzerland | Profile | |
| Armin Raiber | Chief Mobility | Profile | |
| Joachim Werner | Chief Europe | Profile | |
| Roman Sonderegger | Group Officer | Profile | |
| Eric Gauthier | Chief Materials | Profile | |
| Martin Kloti | Group Officer | Profile | |
| Graham Fizer | Chief Americas | Profile |