WAGNERS HOLDING Correlations

Stocks Germany . 
Stock . WAGNERS HOLDING LTD
0W7 Stock  EUR 0.82  0.01  1.23%   
The current 90-days correlation between WAGNERS HOLDING LTD and AGF Management Limited is 0.05 (i.e., Significant diversification). The correlation of WAGNERS 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.
  
The ability to find closely correlated positions to WAGNERS 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 WAGNERS 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 WAGNERS 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 WAGNERS HOLDING LTD to buy it.

Moving together with WAGNERS Stock

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  0.79HEI Heidelberg MaterialsPairCorr
  0.91QAN Qantas AirwaysPairCorr
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  0.69SIX2 Sixt SEPairCorr
  0.74GKD Grand Canyon EducationPairCorr
  0.83ZIM Zimmer Biomet HoldingsPairCorr
  0.87HI91 Hilton Worldwide HoldingsPairCorr
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  0.620XHR Xenia Hotels ResortsPairCorr
  0.83CQD Charter CommunicationsPairCorr
  0.82DC4 DexCom IncPairCorr
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  0.73PPB Flutter Entertainment PLCPairCorr
  0.67HIP Park Hotels ResortsPairCorr
  0.67SYY SyscoPairCorr
  0.82EN3 EnbridgePairCorr

Moving against WAGNERS Stock

  0.92LYV Lundin Energy ABPairCorr
  0.76D7GA NEL ASA ADR30PairCorr
  0.31OS3 Otello ASAPairCorr
  0.31LNLB Li Ning CompanyPairCorr

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   
GRG
+ 0.8
3TY
GRG
+ 0.8
A3J
A3J
+ 0.73
3TY
A3J
+ 0.68
CE3
GRG
+ 0.67
1C6
3TY
+ 0.59
CEK
  
High negative correlations   
CEK
- 0.6
902
GRG
- 0.44
902
3TY
- 0.36
902
CE3
- 0.36
902
1C6
- 0.26
902
A3J
- 0.24
902

Risk-Adjusted Indicators

There is a big difference between WAGNERS Stock performing well and WAGNERS 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 WAGNERS 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in WAGNERS HOLDING 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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WAGNERS HOLDING Corporate Management

Elected by the shareholders, the WAGNERS HOLDING's board of directors comprises two types of representatives: WAGNERS HOLDING inside directors who are chosen from within the company, and outside directors, selected externally and held independent of WAGNERS. The board's role is to monitor WAGNERS HOLDING's management team and ensure that shareholders' interests are well served. WAGNERS HOLDING'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, WAGNERS HOLDING's outside directors are responsible for providing unbiased perspectives on the board's policies.
Shane CharlesGeneral Manager - Strategy and DevelopmentProfile
Andrew MacqueenHead of Safety, Environment and QualityProfile
Hugh StoneGroup Manager - Safety, Environment & QualityProfile
Anthony FreerGeneral Manager - South East QueenslandProfile
Denis WagnerNon-Executive Chairman of the BoardProfile
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