11 Bit Correlations

Stocks . Germany . 
Stock . 11 bit studios
11C Stock  EUR 31.52  0.62  1.93%   
The current 90-days correlation between 11 bit studios and EuropaCorp is -0.11 (i.e., Good diversification). The correlation of 11 Bit 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.

11 Bit Correlation With Market

Pay attention - limited upside

The correlation between 11 bit studios and DJI is -0.73 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 11 bit studios and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to 11 Bit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 11 Bit 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 11 Bit - 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 11 bit studios to buy it.

Moving against 11C Stock

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  0.733RB RECKITT BENCK GRPPairCorr
  0.71317A STINGRAY GROUP INCPairCorr
  0.7LA3A Laureate Education Earnings Call This WeekPairCorr
  0.7RATV Raisio plcPairCorr
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  0.69OYC DELTA AIR LINESPairCorr
  0.69SKNB Skanska ABPairCorr
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  0.6843C CACTUS INC CLAPairCorr
  0.633I5 FrontdoorPairCorr
  0.59NQG Monolithic Power SystemsPairCorr
  0.556IC Iridium CommunicationsPairCorr
  0.5230Z0 IPERIONX LTD SPADR10PairCorr
  0.523YL SMARTOPTICS GRP AS Earnings Call This WeekPairCorr
  0.52G0 Food Life CompaniesPairCorr
  0.4341B Bellway PLCPairCorr
  0.84ALV Allianz SEPairCorr
  0.81DG1 DAWSON GEOPHYSICALPairCorr
  0.8SZG Salzgitter AGPairCorr
  0.77PYCP Minera Alamos SplitPairCorr
  0.77KGHA KGHM Polska MiedzPairCorr
  0.7601H HORIBAPairCorr
  0.73SVKB SANDVIKPairCorr
  0.717GA Gestamp AutomociónPairCorr

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

7RY
+ 0.93
NSE
7PI
+ 0.85
NSE
7RY
+ 0.85
7PI
7PI
+ 0.47
AZ6
AZ6
+ 0.4
NSE
7RY
+ 0.31
AZ6
  

High negative correlations

7PI
- 0.9
PP1
7RY
- 0.79
PP1
PP1
- 0.75
NSE
PP1
- 0.39
AZ6
QB3
- 0.08
7PI
QB3
- 0.05
7RY

Risk-Adjusted Indicators

There is a big difference between 11C Stock performing well and 11 Bit 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 11 Bit'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 11 Bit 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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11 Bit Corporate Management

Elected by the shareholders, the 11 Bit's board of directors comprises two types of representatives: 11 Bit inside directors who are chosen from within the company, and outside directors, selected externally and held independent of 11C. The board's role is to monitor 11 Bit's management team and ensure that shareholders' interests are well served. 11 Bit'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, 11 Bit's outside directors are responsible for providing unbiased perspectives on the board's policies.
Grzegorz MiechowskiMember BoardProfile
Dariusz WolakInvestor ManagerProfile
Marek ZiemakMember BoardProfile
Pawel FeldmanMember BoardProfile
Michal DrozdowskiMember BoardProfile
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