Asseco Business Correlations

ABS Stock

54.60 0.40 0.73%

The current 90-days correlation between Asseco Business Solutions and Immobile is -0.12 (i.e., Good diversification). The correlation of Asseco Business 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Asseco Business Correlation With Market

Significant diversification

The correlation between Asseco Business Solutions and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Asseco Business Solutions and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Asseco Stock

0.64	LSI	LSI Software SA	Pair Corr
0.65	AAT	Alta SA	Pair Corr
0.81	MOV	Movie Games SA	Pair Corr

Related Correlations Analysis

	GKI	UCG	MLK	MOV	GRX	MBW	CRI	CFS
GKI		-0.33	-0.39	0.5	0.06	-0.45	0.3	-0.42	GKI
UCG	-0.33		-0.06	-0.87	0.51	-0.15	-0.69	0.83	UCG
MLK	-0.39	-0.06		-0.15	-0.28	0.22	-0.04	0.05	MLK
MOV	0.5	-0.87	-0.15		-0.43	0.03	0.77	-0.83	MOV
GRX	0.06	0.51	-0.28	-0.43		-0.31	-0.45	0.34	GRX
MBW	-0.45	-0.15	0.22	0.03	-0.31		-0.19	-0.18	MBW
CRI	0.3	-0.69	-0.04	0.77	-0.45	-0.19		-0.52	CRI
CFS	-0.42	0.83	0.05	-0.83	0.34	-0.18	-0.52		CFS
	GKI	UCG	MLK	MOV	GRX	MBW	CRI	CFS

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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

CFS	+ 0.83	UCG
CRI	+ 0.77	MOV
GRX	+ 0.51	UCG
MOV	+ 0.5	GKI
CFS	+ 0.34	GRX
CRI	+ 0.3	GKI

High negative correlations

MOV	- 0.87	UCG
CFS	- 0.83	MOV
CRI	- 0.69	UCG
CFS	- 0.52	CRI
CRI	- 0.45	GRX
MBW	- 0.45	GKI

Risk-Adjusted Indicators

There is a big difference between Asseco Stock performing well and Asseco Business 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 Asseco Business' 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
GKI	1.93	(0.03)	0.00	0.29	0.00	0.00	3.65	(4.02)	11.89
UCG	1.48	0.08	0.00	0.30	1.70	(2.09)	2.84	(4.27)	9.55
MLK	2.39	0.05	0.00	0.21	2.90	(3.57)	6.54	(6.36)	27.30
MOV	1.24	(0.49)	0.00	5.36	0.00	0.00	1.99	(4.79)	11.88
GRX	2.63	(0.08)	0.00	(0.13)	0.00	0.00	4.98	(4.62)	35.53
MBW	1.25	0.17	0.01	0.67	2.03	(3.95)	5.43	(3.34)	21.23
CRI	2.48	(0.63)	0.00	(1.38)	0.00	0.00	4.83	(4.89)	23.71
CFS	1.49	0.06	0.01	0.20	1.50	(2.89)	3.92	(2.83)	13.59

Be your own money manager

Our tools can tell you how much better you can do entering a position in Asseco Business 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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Asseco Business Corporate Management

Elected by the shareholders, the Asseco Business' board of directors comprises two types of representatives: Asseco Business inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Asseco. The board's role is to monitor Asseco Business' management team and ensure that shareholders' interests are well served. Asseco Business' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Asseco Business' outside directors are responsible for providing unbiased perspectives on the board's policies.

Piotr Maslowski	VP Board	Profile
Wojciech Barczentewicz	Pres Board	Profile
Artur Czabaj	Chief Officer	Profile
Mariusz Lizon	Member Board	Profile

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