Ferrari NV Correlations

2FE Stock

EUR 315.20 0.30 0.1%

The current 90-days correlation between Ferrari NV and PT Bank Rakyat is 0.18 (i.e., Average diversification). The correlation of Ferrari NV 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.

Ferrari NV Correlation With Market

Excellent diversification

The correlation between Ferrari NV and DJI is -0.66 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ferrari NV and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Ferrari Stock

0.77	BNB	BAYAN RESOURCES	Pair Corr
0.7	BNB	BAYAN RESOURCES	Pair Corr

Moving against Ferrari Stock

0.84	FPP0	ALTYNGOLD PLC LS	Pair Corr
0.81	PAE	PACCAR	Pair Corr
0.8	SKNB	Skanska AB	Pair Corr
0.8	ALV	Allianz SE	Pair Corr
0.8	SII	Wheaton Precious Metals	Pair Corr
0.79	43C	CACTUS INC CLA Earnings Call Next Week	Pair Corr
0.77	10N	Enter Air SA	Pair Corr
0.75	TWZ	Trican Well Service Earnings Call Tomorrow	Pair Corr
0.73	485B	Amcor PLC Split	Pair Corr
0.67	SVKB	SANDVIK	Pair Corr
0.67	LA3A	Laureate Education Earnings Call This Week	Pair Corr
0.66	ADB	Adobe Inc	Pair Corr
0.65	HKT	HK Electric Investments	Pair Corr
0.63	T9Q	TOTAL BANGUN PERSAD	Pair Corr
0.58	IUA	ASTRA GRAPHIA	Pair Corr
0.51	L3X	Centrais Elétricas Split	Pair Corr
0.5	BAS	BASF SE	Pair Corr
0.48	6VD	BD MULTI MEDIA Split	Pair Corr
0.43	AED	Grupo Aeroportuario del Earnings Call This Week	Pair Corr
0.34	T9Q	TOTAL BANGUN PERSAD	Pair Corr
0.87	1SZ0	Santacruz Silver Mining Split	Pair Corr
0.8	CWA0	REFINED METALS P	Pair Corr
0.79	ASME	ASML Holding NV	Pair Corr
0.76	PYCP	Minera Alamos Split	Pair Corr
0.75	G40	GDS Holdings Limited	Pair Corr
0.73	30Z0	IPERIONX LTD SPADR10	Pair Corr
0.73	DG1	DAWSON GEOPHYSICAL	Pair Corr
0.73	LOR	LOral SA	Pair Corr

Related Correlations Analysis

	PQ90	PQ9	BYRA	6GAA	KSF1	KBIA	2WGA	LFL0	BSA	G4RA
PQ90		0.33	-0.14	-0.08	0.02	0.0	0.18	0.17	0.16	0.09	PQ90
PQ9	0.33		0.16	-0.16	0.08	-0.01	0.22	0.19	0.11	0.08	PQ9
BYRA	-0.14	0.16		0.45	0.37	0.34	0.37	0.38	0.42	0.41	BYRA
6GAA	-0.08	-0.16	0.45		0.47	0.56	0.44	0.7	0.73	0.75	6GAA
KSF1	0.02	0.08	0.37	0.47		0.96	0.9	0.55	0.7	0.71	KSF1
KBIA	0.0	-0.01	0.34	0.56	0.96		0.9	0.6	0.73	0.74	KBIA
2WGA	0.18	0.22	0.37	0.44	0.9	0.9		0.66	0.75	0.74	2WGA
LFL0	0.17	0.19	0.38	0.7	0.55	0.6	0.66		0.93	0.93	LFL0
BSA	0.16	0.11	0.42	0.73	0.7	0.73	0.75	0.93		0.96	BSA
G4RA	0.09	0.08	0.41	0.75	0.71	0.74	0.74	0.93	0.96		G4RA
	PQ90	PQ9	BYRA	6GAA	KSF1	KBIA	2WGA	LFL0	BSA	G4RA

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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

KBIA	+ 0.96	KSF1
G4RA	+ 0.96	BSA
BSA	+ 0.93	LFL0
G4RA	+ 0.93	LFL0
2WGA	+ 0.9	KSF1
2WGA	+ 0.9	KBIA

High negative correlations

6GAA	- 0.16	PQ9
BYRA	- 0.14	PQ90
6GAA	- 0.08	PQ90
KBIA	- 0.01	PQ9
KBIA	- 0.0	PQ90

Risk-Adjusted Indicators

There is a big difference between Ferrari Stock performing well and Ferrari NV 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 Ferrari NV'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
PQ90	2.75	0.22	0.03	(2.15)	3.82	(3.46)	3.57	(9.09)	42.92
PQ9	4.85	0.27	0.03	0.18	5.73	(9.30)	17.39	(14.29)	40.26
BYRA	4.14	0.38	0.04	(0.35)	4.34	(7.93)	11.11	(10.00)	26.67
6GAA	2.02	0.03	(0.01)	(0.80)	2.33	(2.43)	5.31	(4.10)	20.33
KSF1	1.80	0.38	0.15	(1.92)	1.70	(2.30)	5.33	(3.31)	9.59
KBIA	1.70	0.35	0.14	0.65	1.65	(2.33)	4.35	(3.45)	11.24
2WGA	2.37	0.69	0.27	1.46	1.94	(3.14)	7.08	(2.46)	19.36
LFL0	2.08	0.43	0.14	1.10	2.29	(2.43)	4.21	(4.55)	13.43
BSA	2.19	0.27	0.07	3.82	2.86	(2.30)	4.38	(4.51)	14.55
G4RA	2.04	0.29	0.09	(2.93)	2.33	(2.21)	4.94	(4.27)	10.44

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ferrari NV 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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Ferrari NV Corporate Management

Elected by the shareholders, the Ferrari NV's board of directors comprises two types of representatives: Ferrari NV inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ferrari. The board's role is to monitor Ferrari NV's management team and ensure that shareholders' interests are well served. Ferrari NV'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, Ferrari NV's outside directors are responsible for providing unbiased perspectives on the board's policies.

Enrico Galliera	Chief Marketing and Commercial Officer	Profile
Angelo Pesci	Chief Officer	Profile
Gianmaria Fulgenzi	Chief Officer	Profile
Antonio Piccon	Chief Officer	Profile
Sabina Fasciolo	Chief Officer	Profile
Davide Abate	Chief Officer	Profile
Charlie Turner	Chief Officer	Profile

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