Poste Italiane Correlations
| 7PI Stock | EUR 21.94 0.39 1.81% |
The current 90-days correlation between Poste Italiane SpA and Broadridge Financial Solutions is 0.14 (i.e., Average diversification). The correlation of Poste Italiane 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.
Poste Italiane Correlation With Market
Good diversification
The correlation between Poste Italiane SpA and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Poste Italiane SpA and DJI in the same portfolio, assuming nothing else is changed.
Poste |
The ability to find closely correlated positions to Poste Italiane could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Poste Italiane 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 Poste Italiane - 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 Poste Italiane SpA to buy it.
Moving together with Poste Stock
| 0.77 | IOC | ITOCHU | PairCorr |
| 0.77 | 74G | DIVIDEND GROWTH SPLIT | PairCorr |
| 0.72 | IOY | Infosys Limited | PairCorr |
| 0.79 | ZYA | State Street | PairCorr |
| 0.84 | NYT | NEW YORK TIMES | PairCorr |
| 0.81 | CIAH | China Eastern Airlines | PairCorr |
| 0.78 | GOS | Goldman Sachs | PairCorr |
| 0.66 | 5VB | Vaccibody AS | PairCorr |
| 0.71 | EJR | East Japan Railway | PairCorr |
| 0.9 | STD | STANDARD CHARTERED | PairCorr |
| 0.66 | 46T | GPT Group | PairCorr |
| 0.85 | TWH | Twilio Inc | PairCorr |
| 0.81 | KGHA | KGHM Polska Miedz | PairCorr |
| 0.83 | TRVC | Citigroup | PairCorr |
| 0.82 | FCQ | FTI CONSULTING | PairCorr |
| 0.8 | DNE | Downer EDI Limited | PairCorr |
| 0.72 | TJX | TJX Companies | PairCorr |
| 0.82 | KB9 | KBC Ancora SCA | PairCorr |
Moving against Poste Stock
| 0.7 | LPS1 | Lenox Pasifik Investama | PairCorr |
| 0.64 | KWE1 | Ring Energy | PairCorr |
| 0.57 | ADC | AdCapital AG | PairCorr |
| 0.54 | MBI | Mitsubishi | PairCorr |
Related Correlations Analysis
| -0.69 | -0.83 | 0.26 | 0.25 | -0.22 | GG7 | ||
| -0.69 | 0.67 | -0.04 | 0.04 | 0.19 | 62XA | ||
| -0.83 | 0.67 | -0.31 | 0.01 | 0.26 | 2T9A | ||
| 0.26 | -0.04 | -0.31 | -0.1 | -0.18 | FUY | ||
| 0.25 | 0.04 | 0.01 | -0.1 | 0.35 | NRSA | ||
| -0.22 | 0.19 | 0.26 | -0.18 | 0.35 | 5B9 | ||
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 Poste Stock performing well and Poste Italiane 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 Poste Italiane'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GG7 | 1.61 | 0.55 | 0.27 | (2.03) | 1.03 | 5.51 | 11.28 | |||
| 62XA | 0.97 | (0.02) | 0.00 | 0.13 | 0.00 | 2.00 | 7.15 | |||
| 2T9A | 2.01 | (0.42) | 0.00 | (0.19) | 0.00 | 4.17 | 18.63 | |||
| FUY | 6.95 | (3.28) | 0.00 | 4.97 | 0.00 | 2.86 | 231.25 | |||
| NRSA | 1.37 | 0.00 | (0.05) | 0.10 | 1.51 | 3.16 | 8.47 | |||
| 5B9 | 0.82 | (0.06) | 0.00 | 0.35 | 0.00 | 1.55 | 5.71 |
Poste Italiane Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Poste Italiane stock to make a market-neutral strategy. Peer analysis of Poste Italiane could also be used in its relative valuation, which is a method of valuing Poste Italiane by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Poste Italiane Corporate Management
Elected by the shareholders, the Poste Italiane's board of directors comprises two types of representatives: Poste Italiane inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Poste. The board's role is to monitor Poste Italiane's management team and ensure that shareholders' interests are well served. Poste Italiane'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, Poste Italiane's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Anna Sassano | Head of the Architecture and Digital Services to the Public administration | Profile | |
| Manlio Caporali | Head of Purchasing | Profile | |
| Paolo Bruschi | Head of the Technical Secretariat of the Group and the External Relations, Security & Safety | Profile | |
| Massimo Rosini | Head of the Mail Communications and Logistics | Profile | |
| Massimiliano Riggi | Head Relations | Profile | |
| Giuseppe Cannizzaro | Head Affairs | Profile |