74SW Correlations
| 74SW Stock | 32.40 1.60 4.71% |
The current 90-days correlation between 74SW and Lectra SA is 0.17 (i.e., Average diversification). The correlation of 74SW 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.
74SW Correlation With Market
Excellent diversification
The correlation between 74SW and DJI is -0.6 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 74SW and DJI in the same portfolio, assuming nothing else is changed.
74SW |
The ability to find closely correlated positions to 74SW could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 74SW 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 74SW - 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 74SW to buy it.
Moving together with 74SW Stock
| 0.8 | VU | VusionGroup | PairCorr |
| 0.9 | PLNW | Planisware SAS | PairCorr |
| 0.78 | LSS | Lectra SA | PairCorr |
| 0.73 | SWP | Sword Group SE | PairCorr |
| 0.73 | LIN | Linedata Services | PairCorr |
| 0.88 | ALBFR | Sidetrade | PairCorr |
| 0.87 | STLAP | Stellantis NV | PairCorr |
Moving against 74SW Stock
| 0.87 | TTE | TotalEnergies SE | PairCorr |
| 0.79 | ENGI | Engie SA | PairCorr |
| 0.73 | BNP | BNP Paribas SA | PairCorr |
| 0.56 | ACA | Credit Agricole SA | PairCorr |
| 0.48 | GLE | Societe Generale | PairCorr |
| 0.89 | ELIS | Elis SA | PairCorr |
| 0.88 | ALKLA | Klarsen SA | PairCorr |
| 0.87 | ORA | Orange SA | PairCorr |
| 0.82 | ALDBT | DBT SA | PairCorr |
| 0.81 | MTU | Manitou BF SA | PairCorr |
| 0.72 | LNA | LNA Sante SA | PairCorr |
| 0.71 | KOF | Kaufman Et Broad | PairCorr |
| 0.69 | PERR | Grard Perrier Industrie | PairCorr |
| 0.63 | OVH | OVH Groupe SAS | PairCorr |
| 0.62 | NK | Imerys SA | PairCorr |
| 0.6 | FII | Lisi SA | PairCorr |
| 0.59 | ALPJT | Poujoulat SA | PairCorr |
| 0.32 | BASS | Bassac | PairCorr |
| 0.31 | DEEZR | Deezer SA | PairCorr |
| 0.88 | LACR | Lacroix Group SA | PairCorr |
| 0.81 | BAIN | Bains Mer Monaco | PairCorr |
| 0.8 | GLO | GL Events SA Earnings Call Today | PairCorr |
| 0.78 | ALTA | Altarea SCA | PairCorr |
| 0.78 | ALKAL | Kalray SA | PairCorr |
| 0.77 | FREY | Frey SA | PairCorr |
| 0.76 | GTT | Gaztransport Technigaz | PairCorr |
| 0.71 | AM | Dassault Aviation Earnings Call Tomorrow | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between 74SW Stock performing well and 74SW 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 74SW'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LSS | 1.51 | (0.31) | 0.00 | (0.34) | 0.00 | 3.08 | 8.97 | |||
| NRO | 1.15 | (0.37) | 0.00 | (1.24) | 0.00 | 2.37 | 10.09 | |||
| PLNW | 1.85 | (0.40) | 0.00 | (1.05) | 0.00 | 3.32 | 13.95 | |||
| ATO | 2.92 | (0.17) | 0.00 | (0.13) | 0.00 | 6.03 | 20.59 | |||
| WAVE | 1.92 | (0.06) | 0.00 | (0.02) | 0.00 | 3.42 | 20.92 | |||
| UBI | 3.79 | (0.37) | 0.00 | 0.27 | 0.00 | 8.37 | 48.29 | |||
| QDT | 1.64 | (0.17) | 0.00 | (0.13) | 0.00 | 3.74 | 11.41 | |||
| OVH | 2.43 | 0.17 | 0.03 | 0.65 | 3.63 | 5.18 | 18.94 | |||
| SWP | 1.17 | (0.19) | 0.00 | (1.42) | 0.00 | 1.99 | 9.38 | |||
| AUB | 1.39 | (0.20) | 0.00 | (0.40) | 0.00 | 3.17 | 10.31 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in 74SW 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.Did you try this?
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74SW Corporate Management
Elected by the shareholders, the 74SW's board of directors comprises two types of representatives: 74SW inside directors who are chosen from within the company, and outside directors, selected externally and held independent of 74SW. The board's role is to monitor 74SW's management team and ensure that shareholders' interests are well served. 74SW'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, 74SW's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Paul French | Chief Staff | Profile | |
| Tobias Unger | Chief Officer | Profile | |
| Eric Bierry | Deputy Officer | Profile | |
| Vince Padua | Chief Officer | Profile | |
| Julia Siepmann | Chief Officer | Profile |