Aedifica Correlations

AED Stock

EUR 77.55 0.25 0.32%

The current 90-days correlation between Aedifica and Cofinimmo SA is 0.9 (i.e., Almost no diversification). The correlation of Aedifica 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.

Aedifica Correlation With Market

Poor diversification

The correlation between Aedifica and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aedifica and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Aedifica Stock

0.8	TUB	Tubize Fin	Pair Corr
0.69	NYR	Nyrstar NV	Pair Corr
0.87	HYL	Hyloris Developmentsen	Pair Corr
0.76	VGP	VGP NV	Pair Corr
0.86	SPA	Socit de Services	Pair Corr
0.92	MCC	Immo Mcc NV	Pair Corr
0.87	CENER	Cenergy Holdings	Pair Corr
0.84	DEME	DEME Group NV Earnings Call This Week	Pair Corr
0.94	WEB	Warehouses Estates	Pair Corr
0.87	MIKO	Miko NV	Pair Corr
0.79	UMI	Umicore SA	Pair Corr
0.65	PAY	Payton Planar Magnetics	Pair Corr
0.75	CFEB	Compagnie d Entreprises Earnings Call This Week	Pair Corr
0.62	ROU	Roularta	Pair Corr
0.82	QFG	Quest For Growth	Pair Corr
0.69	NEXTA	Nextensa NV	Pair Corr
1.0	COFB	Cofinimmo SA	Pair Corr
0.91	ELI	Elia Group SANV	Pair Corr
0.91	WDP	Warehouses de Pauw	Pair Corr
0.73	RECT	Recticel Earnings Call This Week	Pair Corr
0.85	BPOST	Bpost NV	Pair Corr
0.86	CMBT	CMBTECH NV Earnings Call This Week	Pair Corr
0.86	BEKB	NV Bekaert SA Earnings Call This Week	Pair Corr
0.83	EKOP	Ekopak BV	Pair Corr
0.85	TINC	TINC Comm VA	Pair Corr
0.82	PROX	Proximus NV Earnings Call This Week	Pair Corr
0.73	FLOB	Floridienne Split	Pair Corr
0.94	LOTB	Lotus Bakeries	Pair Corr
0.82	SIP	Sipef NV	Pair Corr

Moving against Aedifica Stock

0.76	BTLS	Biotalys NV	Pair Corr
0.72	SEQUA	Sequana Medical NV	Pair Corr
0.71	ARGX	Argen X Earnings Call This Week	Pair Corr
0.31	NYXH	Nyxoah	Pair Corr
0.71	DIEG	Immolease Trust NV	Pair Corr

Related Correlations Analysis

	COFB	SHUR	VGP	MONT	CPINV	XIOR	WDP	WEHB	RET	VASTB
COFB		0.5	0.77	0.72	0.93	0.61	0.92	0.72	0.8	-0.61	COFB
SHUR	0.5		0.62	0.44	0.25	0.46	0.49	0.17	0.22	-0.45	SHUR
VGP	0.77	0.62		0.68	0.72	0.61	0.89	0.37	0.79	-0.55	VGP
MONT	0.72	0.44	0.68		0.72	0.78	0.8	0.43	0.64	-0.42	MONT
CPINV	0.93	0.25	0.72	0.72		0.63	0.9	0.76	0.88	-0.46	CPINV
XIOR	0.61	0.46	0.61	0.78	0.63		0.67	0.39	0.62	-0.26	XIOR
WDP	0.92	0.49	0.89	0.8	0.9	0.67		0.55	0.9	-0.6	WDP
WEHB	0.72	0.17	0.37	0.43	0.76	0.39	0.55		0.51	-0.15	WEHB
RET	0.8	0.22	0.79	0.64	0.88	0.62	0.9	0.51		-0.47	RET
VASTB	-0.61	-0.45	-0.55	-0.42	-0.46	-0.26	-0.6	-0.15	-0.47		VASTB
	COFB	SHUR	VGP	MONT	CPINV	XIOR	WDP	WEHB	RET	VASTB

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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

CPINV	+ 0.93	COFB
WDP	+ 0.92	COFB
WDP	+ 0.9	CPINV
RET	+ 0.9	WDP
WDP	+ 0.89	VGP
RET	+ 0.88	CPINV

High negative correlations

VASTB	- 0.61	COFB
VASTB	- 0.6	WDP
VASTB	- 0.55	VGP
VASTB	- 0.47	RET
VASTB	- 0.46	CPINV
VASTB	- 0.45	SHUR

Risk-Adjusted Indicators

There is a big difference between Aedifica Stock performing well and Aedifica 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 Aedifica'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
COFB	0.82	0.23	0.19	(31.19)	0.55	(1.03)	2.02	(1.19)	5.04
SHUR	1.03	(0.03)	(0.05)	0.00	1.31	(1.04)	2.37	(2.26)	6.14
VGP	1.06	0.08	0.01	(1.93)	1.15	(1.22)	2.59	(2.18)	7.36
MONT	0.97	0.01	(0.03)	0.09	1.14	(1.04)	2.13	(1.78)	5.37
CPINV	0.92	0.34	0.26	5.20	0.62	(1.07)	2.68	(1.32)	5.15
XIOR	0.75	0.08	0.02	1.02	0.72	(0.98)	2.11	(1.41)	5.12
WDP	0.90	0.19	0.10	1.01	0.94	(0.94)	2.40	(1.62)	7.16
WEHB	1.11	0.44	0.23	(0.97)	0.76	(1.63)	3.31	(1.57)	19.39
RET	0.68	0.12	0.05	(2.27)	0.79	(0.77)	1.44	(0.94)	6.39
VASTB	0.57	0.00	(0.08)	0.06	0.63	(0.80)	1.32	(1.00)	5.26

Be your own money manager

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

Elected by the shareholders, the Aedifica's board of directors comprises two types of representatives: Aedifica inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aedifica. The board's role is to monitor Aedifica's management team and ensure that shareholders' interests are well served. Aedifica'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, Aedifica's outside directors are responsible for providing unbiased perspectives on the board's policies.

Ingrid Daerden	CFO Director	Profile
Thomas Moerman	G Officer	Profile
Stefaan Gielens	CEO, MD	Profile
Delphine Noirhomme	Investor Mang	Profile
Raoul Thomassen	COO Director	Profile
Martina Carlsson	Control Mang	Profile
Sven Bogaerts	Chief Director	Profile

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