Matas AS Correlations

Stocks . Germany . 
Stock . Matas AS
1MTA Stock  EUR 13.46  0.06  0.45%   
The current 90-days correlation between Matas AS and Take Two Interactive Software is 0.04 (i.e., Significant diversification). The correlation of Matas AS 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.

Matas AS Correlation With Market

Excellent diversification

The correlation between Matas AS and DJI is -0.65 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Matas AS and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Matas AS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Matas AS 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 Matas AS - 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 Matas AS to buy it.

Moving together with Matas Stock

  0.68K9R KENEDIX OFFICE INVPairCorr
  0.74O2F ORIX JREIT INCPairCorr

Moving against Matas Stock

  0.9ASME ASML Holding NVPairCorr
  0.85SII Wheaton Precious MetalsPairCorr
  0.84G40 GDS Holdings LimitedPairCorr
  0.84GPT Genuine PartsPairCorr
  0.83HIUC China Taiping InsurancePairCorr
  0.83TQI TELECOM ITALIAPairCorr
  0.82ELG Elmos Semiconductor Earnings Call This WeekPairCorr
  0.7710N Enter Air SAPairCorr
  0.77LOR LOral SAPairCorr
  0.76L3X Centrais Elétricas SplitPairCorr
  0.76PPQ PPG INDUSTRIESPairCorr
  0.647ZY ACTIVIA PROPERTINC REITPairCorr
  0.63LA3A Laureate Education Earnings Call TomorrowPairCorr
  0.62PU7 PulteGroupPairCorr
  0.49ADH2 Air CanadaPairCorr
  0.493YC STV GROUP PLCPairCorr
  0.45BAS BASF SEPairCorr
  0.44AED Grupo Aeroportuario del Earnings Call This WeekPairCorr
  0.43ADB Adobe IncPairCorr
  0.42ES Industrial InfrastructurePairCorr
  0.8643C CACTUS INC CLA Earnings Call This WeekPairCorr
  0.84BSI BE Semiconductor Ind Earnings Call TomorrowPairCorr
  0.84485B Amcor PLC SplitPairCorr
  0.83SKNB Skanska ABPairCorr
  0.81CPA Colgate PalmolivePairCorr
  0.8HKT HK Electric InvestmentsPairCorr
  0.79PAE PACCARPairCorr
  0.78FPP0 ALTYNGOLD PLC LSPairCorr

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

1ZG
+ 0.86
6IC
NU42
+ 0.79
CPW
NU42
+ 0.76
TKE
TKE
+ 0.7
CPW
SMA
+ 0.39
CHWD
RCI
+ 0.31
CPW
  

High negative correlations

1ZG
- 0.79
CPW
1ZG
- 0.71
NU42
CPW
- 0.68
6IC
NU42
- 0.63
6IC
1ZG
- 0.59
TKE
1ZG
- 0.58
RCI

Risk-Adjusted Indicators

There is a big difference between Matas Stock performing well and Matas AS 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 Matas AS'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 Matas AS 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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Matas AS Corporate Management

Elected by the shareholders, the Matas AS's board of directors comprises two types of representatives: Matas AS inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Matas. The board's role is to monitor Matas AS's management team and ensure that shareholders' interests are well served. Matas AS'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, Matas AS's outside directors are responsible for providing unbiased perspectives on the board's policies.
Per MadsenInterim OfficerProfile
Anne HamannDirector MarketingProfile
David HeeromaExecutive OperationsProfile
Lise RyevadExecutive MatasProfile
Anders SkoleSrensenAdvisorProfile
Henrik MichaelsenDirector HRProfile
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