ACCSYS TECHPLC Correlations

Stocks . Germany . 
Stock . ACCSYS TECHPLC EO
1D8 Stock  EUR 0.50  0.01  1.96%   
The current 90-days correlation between ACCSYS TECHPLC EO and Cairo Communication SpA is -0.08 (i.e., Good diversification). The correlation of ACCSYS TECHPLC 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.

ACCSYS TECHPLC Correlation With Market

Good diversification

The correlation between ACCSYS TECHPLC EO and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ACCSYS TECHPLC EO and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to ACCSYS TECHPLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ACCSYS TECHPLC 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 ACCSYS TECHPLC - 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 ACCSYS TECHPLC EO to buy it.

Moving together with ACCSYS Stock

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Moving against ACCSYS Stock

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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   
TEO
+ 0.81
EV9
FJZ
+ 0.79
US8
TEO
+ 0.67
CI1A
B7O
+ 0.54
CI1A
CI1A
+ 0.45
EV9
US8
+ 0.42
3FNA
  
High negative correlations   
TEO
- 0.8
US8
TEO
- 0.73
FJZ
US8
- 0.72
EV9
FJZ
- 0.67
EV9
FJZ
- 0.39
CI1A
US8
- 0.32
CI1A

Risk-Adjusted Indicators

There is a big difference between ACCSYS Stock performing well and ACCSYS TECHPLC 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 ACCSYS TECHPLC'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 ACCSYS TECHPLC 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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ACCSYS TECHPLC Corporate Management

Elected by the shareholders, the ACCSYS TECHPLC's board of directors comprises two types of representatives: ACCSYS TECHPLC inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ACCSYS. The board's role is to monitor ACCSYS TECHPLC's management team and ensure that shareholders' interests are well served. ACCSYS TECHPLC'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, ACCSYS TECHPLC's outside directors are responsible for providing unbiased perspectives on the board's policies.
Sue FarrNon-Executive DirectorProfile
Patrick ShanleyNon-Executive Chairman of the BoardProfile
Angus DodwellCompany SecretaryProfile
Trudy SchoolenbergSenior Independent DirectorProfile
William RudgeFinance Director, Executive DirectorProfile
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