Adidas AG Correlations
| ADDDF Stock | USD 181.68 2.78 1.55% |
The current 90-days correlation between Adidas AG and Toyota Industries is -0.09 (i.e., Good diversification). The correlation of Adidas AG 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.
Adidas AG Correlation With Market
Significant diversification
The correlation between Adidas AG and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Adidas AG and DJI in the same portfolio, assuming nothing else is changed.
Adidas |
The ability to find closely correlated positions to Adidas AG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adidas AG 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 Adidas AG - 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 Adidas AG to buy it.
Moving together with Adidas OTC Stock
Moving against Adidas OTC Stock
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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
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Risk-Adjusted Indicators
There is a big difference between Adidas OTC Stock performing well and Adidas AG OTC Stock 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 Adidas AG'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TYIDY | 1.60 | 0.23 | 0.12 | 0.30 | 1.83 | 4.06 | 13.57 | |||
| AMADF | 2.30 | (0.48) | 0.00 | (0.36) | 0.00 | 3.87 | 11.60 | |||
| AMADY | 1.32 | (0.48) | 0.00 | (0.43) | 0.00 | 2.55 | 10.42 | |||
| HSHCY | 1.11 | 0.01 | (0.02) | 0.09 | 1.55 | 2.31 | 7.07 | |||
| TYIDF | 0.83 | 0.17 | 0.00 | 8.62 | 0.00 | 2.01 | 15.80 | |||
| HRSHF | 2.15 | 0.13 | 0.00 | (0.08) | 2.87 | 6.21 | 19.68 | |||
| QIHCF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CUKPF | 0.92 | 0.32 | 0.00 | 0.65 | 0.00 | 0.00 | 25.59 | |||
| OLCLY | 1.31 | (0.13) | 0.00 | (0.40) | 0.00 | 2.59 | 9.02 | |||
| BRDCY | 1.06 | 0.13 | 0.08 | 0.22 | 1.14 | 2.75 | 8.19 |
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Adidas AG Corporate Management
Elected by the shareholders, the Adidas AG's board of directors comprises two types of representatives: Adidas AG inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Adidas. The board's role is to monitor Adidas AG's management team and ensure that shareholders' interests are well served. Adidas AG'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, Adidas AG's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Roland Auschel | Head of Global Sales and Member of Executive Board | Profile | |
| Amanda Rajkumar | People HR | Profile | |
| Brian Grevy | Head Board | Profile | |
| Frank Scheiderer | Director Board | Profile |