Acciona SA Correlations
| ACXIF Stock | USD 124.30 6.30 5.34% |
The current 90-days correlation between Acciona SA and ACS Actividades de is 0.28 (i.e., Modest diversification). The correlation of Acciona SA 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.
Acciona SA Correlation With Market
Good diversification
The correlation between Acciona SA 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 Acciona SA and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Acciona SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Acciona SA 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 Acciona SA - 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 Acciona SA to buy it.
Moving together with Acciona Pink Sheet
| 0.9 | VCISY | Vinci SA ADR | PairCorr |
| 0.93 | BKRKY | Bank Rakyat | PairCorr |
| 0.73 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.91 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.82 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.92 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.77 | EC | Ecopetrol SA ADR | PairCorr |
| 0.65 | PBCRY | Bank Central Asia | PairCorr |
Moving against Acciona Pink Sheet
| 0.83 | EME | EMCOR Group | PairCorr |
| 0.79 | FIX | Comfort Systems USA | PairCorr |
| 0.78 | PWR | Quanta Services | PairCorr |
| 0.73 | SSNLF | Samsung Electronics | PairCorr |
| 0.46 | CRWOF | China Railway Group | PairCorr |
| 0.35 | WSPOF | WSP Global | PairCorr |
| 0.9 | CCB | Coastal Financial Corp Normal Trading | PairCorr |
| 0.89 | SOFI | SoFi Technologies Aggressive Push | PairCorr |
| 0.88 | MAR | Marriott International | PairCorr |
| 0.87 | BSTZ | BlackRock Science | PairCorr |
| 0.84 | TCJH | Top KingWin Symbol Change | PairCorr |
| 0.81 | CHRRF | Chorus Aviation | PairCorr |
| 0.78 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.78 | ARCC | Ares Capital | PairCorr |
| 0.75 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.65 | WBD | Warner Bros Discovery Aggressive Push | PairCorr |
| 0.55 | DKNG | DraftKings | PairCorr |
| 0.42 | JD | JD Inc Adr | PairCorr |
| 0.31 | RPHM | Reneo Pharmaceuticals Symbol Change | PairCorr |
| 0.9 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.89 | XIACY | Xiaomi Corp ADR | PairCorr |
| 0.88 | LYFT | LYFT Inc Aggressive Push | PairCorr |
| 0.87 | BLTE | Belite Bio ADR | PairCorr |
| 0.84 | LBRDK | Liberty Broadband Srs | PairCorr |
| 0.81 | NWS | News Corp B | 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 Acciona Pink Sheet performing well and Acciona SA 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 Acciona SA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BBCPW | 6.90 | (2.05) | 0.00 | (0.27) | 0.00 | 0.00 | 90.00 | |||
| JGCCY | 0.52 | (0.03) | 0.00 | 0.30 | 0.00 | 0.97 | 12.36 | |||
| ACSAF | 0.20 | 0.10 | 0.00 | (4.04) | 0.00 | 0.00 | 4.41 | |||
| KAJMY | 1.05 | 0.00 | 0.00 | 0.14 | 0.00 | 3.21 | 17.39 | |||
| ACSAY | 0.78 | 0.00 | (0.08) | 0.11 | 1.05 | 1.56 | 5.93 | |||
| ARCAY | 0.26 | (0.04) | 0.00 | 1.15 | 0.00 | 0.00 | 9.16 | |||
| BADFF | 1.18 | 0.09 | (0.01) | 0.97 | 2.12 | 4.98 | 17.03 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Acciona SA 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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