Maire Tecnimont Correlations
| 3OY1 Stock | EUR 9.14 0.02 0.22% |
The current 90-days correlation between Maire Tecnimont SpA and GRENKELEASING Dusseldorf is 0.04 (i.e., Significant diversification). The correlation of Maire Tecnimont 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.
Maire Tecnimont Correlation With Market
Good diversification
The correlation between Maire Tecnimont SpA and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Maire Tecnimont SpA and DJI in the same portfolio, assuming nothing else is changed.
Maire |
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Moving together with Maire Stock
| 0.77 | CYY | China Communications | PairCorr |
| 0.91 | KB9 | KBC Ancora SCA Earnings Call Today | PairCorr |
| 0.75 | SXC | Sunny Optical Technology | PairCorr |
| 0.89 | E6Q | Gold Road Resources | PairCorr |
| 0.67 | 06MA | Materialise NV | PairCorr |
| 0.72 | IC1B | INTERCONT HOTELS | PairCorr |
| 0.93 | HBC2 | HSBC Holdings plc | PairCorr |
| 0.89 | ELG | Elmos Semiconductor | PairCorr |
| 0.71 | CBW | CNVISION MEDIA | PairCorr |
| 0.8 | CENN | CENTRICA ADR NEW | PairCorr |
| 0.92 | SAP | SAP SE | PairCorr |
| 0.67 | M6Q | Metso Outotec Oyj | PairCorr |
| 0.84 | ASME | ASML Holding NV | PairCorr |
| 0.81 | E908 | Lyxor 1 | PairCorr |
| 0.86 | DBPE | Xtrackers LevDAX | PairCorr |
Moving against Maire Stock
| 0.74 | ODQ | ODYSSEY GOLD LTD | PairCorr |
| 0.55 | 8VY | SCANDION ONC DK | PairCorr |
| 0.36 | CNO | China Railway Group | PairCorr |
| 0.86 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.36 | VIP | Virtus Investment Earnings Call Today | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Maire Stock performing well and Maire Tecnimont 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 Maire Tecnimont'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EZM | 1.81 | 0.29 | 0.08 | (0.98) | 1.82 | 5.24 | 12.77 | |||
| VMC | 1.19 | 0.18 | 0.06 | (8.30) | 1.06 | 2.31 | 13.38 | |||
| AP2 | 2.06 | 0.03 | (0.01) | 0.20 | 3.12 | 3.96 | 14.72 | |||
| NWL | 2.18 | 0.66 | 0.30 | (2.62) | 1.48 | 4.75 | 28.10 | |||
| UR3 | 1.50 | (0.09) | 0.00 | (0.27) | 0.00 | 3.18 | 13.49 | |||
| GLJ | 1.88 | (0.63) | 0.00 | (1.26) | 0.00 | 3.24 | 23.94 | |||
| GTR | 2.13 | 0.10 | 0.06 | 0.15 | 2.52 | 5.23 | 16.97 |
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Maire Tecnimont Corporate Management
Elected by the shareholders, the Maire Tecnimont's board of directors comprises two types of representatives: Maire Tecnimont inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Maire. The board's role is to monitor Maire Tecnimont's management team and ensure that shareholders' interests are well served. Maire Tecnimont'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, Maire Tecnimont's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Riccardo Guglielmetti | Head of Investor Relations | Profile | |
| Fabio Fagioli | Group General Counsel | Profile | |
| Carlo Nicolais | Head of Public Affairs and Communication | Profile | |
| Simona Dolce | Group Corporate Secretary | Profile |