Societe De Correlations

TAYN Stock

EUR 1.79 0.00 0.00%

The current 90-days correlation between Societe de Tayninh and Cheops Technology France is -0.02 (i.e., Good diversification). The correlation of Societe De 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.

Societe De Correlation With Market

Significant diversification

The correlation between Societe de Tayninh and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Societe de Tayninh and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Societe De could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Societe De 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 Societe De - 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 Societe de Tayninh to buy it.

Moving together with Societe Stock

0.77	VIL	VIEL Cie socit	Pair Corr
0.67	BSD	Bourse Direct SA	Pair Corr
0.66	MLPHO	Photonike Capital	Pair Corr
0.7	MLCMB	Compagnie Du Mont	Pair Corr
0.87	MLCFD	Compagnie de Chemins	Pair Corr
0.74	ALBDM	Bd Multimedia	Pair Corr
0.9	ALMCE	Mon Courtier Energie	Pair Corr
0.88	INFE	Compagnie Industrielle	Pair Corr
0.83	NEX	Nexans SA	Pair Corr
0.68	AURE	Aurea SA Earnings Call This Week	Pair Corr
0.71	FDE	La Franaise de	Pair Corr
0.87	74SW	74SW Earnings Call This Week	Pair Corr
0.88	RXL	Rexel SA Earnings Call This Week	Pair Corr
0.9	ALVDM	Voyageurs du Monde	Pair Corr
0.75	ALTME	TME Pharma NV	Pair Corr
0.92	AREIT	Altareit Earnings Call This Week	Pair Corr
0.83	ALLOG	Logic Instrume	Pair Corr
0.77	FR	Valeo SA Earnings Call This Week	Pair Corr
0.8	VRLA	Verallia Earnings Call This Week	Pair Corr
0.81	ALINN	Innelec Multimedia	Pair Corr
0.66	TRI	Trigano SA	Pair Corr

Moving against Societe Stock

0.51	BN	Danone SA	Pair Corr
0.32	ERA	Eramet SA	Pair Corr

Related Correlations Analysis

	MBWS	GTT	MLCHE	MLIFS	MLNOV	XFAB	EXA	TE
MBWS		-0.32	0.05	0.0	-0.74	-0.67	-0.59	-0.52	MBWS
GTT	-0.32		-0.51	0.0	0.58	0.78	0.88	0.93	GTT
MLCHE	0.05	-0.51		0.0	-0.2	-0.26	-0.35	-0.38	MLCHE
MLIFS	0.0	0.0	0.0		0.0	0.0	0.0	0.0	MLIFS
MLNOV	-0.74	0.58	-0.2	0.0		0.78	0.67	0.73	MLNOV
XFAB	-0.67	0.78	-0.26	0.0	0.78		0.92	0.92	XFAB
EXA	-0.59	0.88	-0.35	0.0	0.67	0.92		0.94	EXA
TE	-0.52	0.93	-0.38	0.0	0.73	0.92	0.94		TE
	MBWS	GTT	MLCHE	MLIFS	MLNOV	XFAB	EXA	TE

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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

TE	+ 0.94	EXA
TE	+ 0.93	GTT
EXA	+ 0.92	XFAB
TE	+ 0.92	XFAB
EXA	+ 0.88	GTT
XFAB	+ 0.78	GTT

High negative correlations

MLNOV	- 0.74	MBWS
XFAB	- 0.67	MBWS
EXA	- 0.59	MBWS
TE	- 0.52	MBWS
MLCHE	- 0.51	GTT
TE	- 0.38	MLCHE

Risk-Adjusted Indicators

There is a big difference between Societe Stock performing well and Societe De 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 Societe De'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
MBWS	0.72	(0.10)	0.00	0.70	0.00	0.00	1.67	(1.56)	5.46
GTT	0.86	0.34	0.18	63.53	0.81	(1.07)	1.99	(1.14)	5.58
MLCHE	0.87	0.07	0.00	0.05	0.00	0.00	0.00	(2.61)	17.97
MLIFS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MLNOV	2.44	0.49	0.08	0.70	2.18	(10.39)	12.50	(6.67)	28.33
XFAB	2.12	0.95	0.34	(0.71)	1.32	(2.68)	5.40	(2.70)	17.11
EXA	3.22	1.44	0.35	3.45	2.72	(3.76)	7.44	(6.72)	20.77
TE	1.13	0.39	0.18	3.86	1.16	(1.31)	3.18	(1.71)	8.91

Be your own money manager

Our tools can tell you how much better you can do entering a position in Societe De 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.

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