Schweizerische Nationalbank Correlations
| SWZNF Stock | USD 4,500 200.00 4.65% |
The correlation of Schweizerische Nationalbank 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 Schweizerische Nationalbank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Schweizerische Nationalbank 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.
Average diversification
The correlation between Schweizerische Nationalbank and NYA is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Schweizerische Nationalbank and NYA in the same portfolio, assuming nothing else is changed.
Schweizerische |
The ability to find closely correlated positions to Schweizerische Nationalbank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Schweizerische Nationalbank 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 Schweizerische Nationalbank - 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 Schweizerische Nationalbank to buy it.
Moving together with Schweizerische Pink Sheet
Moving against Schweizerische Pink Sheet
| 0.8 | KSPI | Joint Stock | PairCorr |
| 0.74 | BRK-A | Berkshire Hathaway | PairCorr |
| 0.73 | NVR | NVR Inc | PairCorr |
| 0.57 | BNPQY | BNP Paribas SA | PairCorr |
| 0.53 | BNPQF | BNP Paribas SA | PairCorr |
| 0.52 | CIHHF | China Merchants Bank | PairCorr |
| 0.46 | IBN | ICICI Bank Limited | PairCorr |
| 0.42 | BBAS3 | Banco do Brasil Split | PairCorr |
| 0.81 | JPM | JPMorgan Chase Financial Report 12th of July 2024 | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in Schweizerische Nationalbank 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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Theme RatingsDetermine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Schweizerische Nationalbank Corporate Management
Elected by the shareholders, the Schweizerische Nationalbank's board of directors comprises two types of representatives: Schweizerische Nationalbank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Schweizerische. The board's role is to monitor Schweizerische Nationalbank's management team and ensure that shareholders' interests are well served. Schweizerische Nationalbank'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, Schweizerische Nationalbank's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sophie Faber | Head Director | Profile | |
| Peter Thring | Head Director | Profile | |
| Andra Maechler | Head Board | Profile | |
| Sabine Wey | Assistant Compliance | Profile | |
| Thomas Itten | Director Support | Profile | |
| Martin Plenio | Director Services | Profile | |
| Hugo Bischof | Deputy Services | Profile |
Already Invested in Schweizerische Nationalbank?
The danger of trading Schweizerische Nationalbank 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 Schweizerische Nationalbank 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 Schweizerische Nationalbank. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Schweizerische Nationalbank 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Schweizerische Nationalbank. 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. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Schweizerische Pink Sheet analysis
When running Schweizerische Nationalbank's price analysis, check to measure Schweizerische Nationalbank'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 Schweizerische Nationalbank is operating at the current time. Most of Schweizerische Nationalbank's value examination focuses on studying past and present price action to predict the probability of Schweizerische Nationalbank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Schweizerische Nationalbank's price. Additionally, you may evaluate how the addition of Schweizerische Nationalbank to your portfolios can decrease your overall portfolio volatility.
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