Agfa-Gevaert Correlations

AFGVF Stock

USD 0.68 0.00 0.00%

The current 90-days correlation between Agfa Gevaert NV and Omega Flex is 0.16 (i.e., Average diversification). The correlation of Agfa-Gevaert 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.

Agfa-Gevaert Correlation With Market

Significant diversification

The correlation between Agfa Gevaert NV and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Agfa Gevaert NV and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Agfa-Gevaert Pink Sheet

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0.77	BKRKY	Bank Rakyat	Pair Corr
0.66	TLK	Telkom Indonesia Tbk	Pair Corr
0.74	PPERY	Bank Mandiri Persero	Pair Corr
0.71	PPERF	Bank Mandiri Persero	Pair Corr
0.62	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.68	KO	Coca Cola Aggressive Push	Pair Corr
0.76	PFE	Pfizer Inc Aggressive Push	Pair Corr

Moving against Agfa-Gevaert Pink Sheet

0.81	BMYMP	Bristol Myers Squibb	Pair Corr
0.58	NVDA	NVIDIA	Pair Corr
0.57	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.56	PTAIF	PT Astra International	Pair Corr
0.51	AAPL	Apple Inc Aggressive Push	Pair Corr
0.51	SSNLF	Samsung Electronics	Pair Corr
0.44	GOOG	Alphabet Class C Sell-off Trend	Pair Corr
0.43	JXN-PA	Jackson Financial	Pair Corr
0.89	DIS	Walt Disney Sell-off Trend	Pair Corr
0.81	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.8	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.71	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.58	HD	Home Depot	Pair Corr
0.56	HPQ	HP Inc	Pair Corr
0.51	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.47	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.39	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr

Related Correlations Analysis

	EPAC	OFLX	LXFR	GRC	JBT	FELE	HURC	HLIO	GTES	CR
EPAC		0.73	0.91	0.87	0.9	0.73	0.8	0.91	0.94	0.89	EPAC
OFLX	0.73		0.75	0.57	0.57	0.5	0.47	0.62	0.59	0.54	OFLX
LXFR	0.91	0.75		0.77	0.88	0.63	0.83	0.88	0.87	0.83	LXFR
GRC	0.87	0.57	0.77		0.74	0.87	0.71	0.86	0.89	0.95	GRC
JBT	0.9	0.57	0.88	0.74		0.55	0.82	0.86	0.9	0.81	JBT
FELE	0.73	0.5	0.63	0.87	0.55		0.63	0.83	0.67	0.77	FELE
HURC	0.8	0.47	0.83	0.71	0.82	0.63		0.88	0.73	0.75	HURC
HLIO	0.91	0.62	0.88	0.86	0.86	0.83	0.88		0.85	0.85	HLIO
GTES	0.94	0.59	0.87	0.89	0.9	0.67	0.73	0.85		0.93	GTES
CR	0.89	0.54	0.83	0.95	0.81	0.77	0.75	0.85	0.93		CR
	EPAC	OFLX	LXFR	GRC	JBT	FELE	HURC	HLIO	GTES	CR

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Risk-Adjusted Indicators

There is a big difference between Agfa-Gevaert Pink Sheet performing well and Agfa-Gevaert 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 Agfa-Gevaert'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
EPAC	1.19	0.09	0.11	0.18	1.12	(1.35)	2.84	(1.91)	12.71
OFLX	1.57	(0.09)	(0.01)	0.07	1.66	(1.80)	3.46	(2.69)	11.00
LXFR	1.94	0.37	0.18	0.55	1.62	(2.55)	3.67	(2.96)	16.99
GRC	1.32	(0.08)	0.02	0.08	1.54	(1.44)	2.38	(2.42)	11.59
JBT	1.76	0.48	0.22	0.79	1.47	(1.92)	3.68	(2.61)	21.44
FELE	1.22	(0.13)	(0.02)	0.06	1.55	(1.32)	2.27	(2.14)	11.41
HURC	1.88	0.41	0.20	0.72	1.44	(2.28)	4.37	(3.00)	18.87
HLIO	1.70	0.00	0.09	0.13	1.79	(1.92)	4.35	(2.70)	19.40
GTES	1.25	0.15	0.14	0.23	1.17	(1.48)	3.47	(1.82)	6.97
CR	1.42	0.10	0.07	0.21	1.73	(1.59)	3.44	(2.72)	9.45

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Our tools can tell you how much better you can do entering a position in Agfa-Gevaert 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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Agfa-Gevaert Corporate Management

Vincent Wille	Pres Chemicals	Profile
Gunther Koch	Chief Officer	Profile
Scott Evers	Sr Leader	Profile
Wilfried Lishout	Company Secretary	Profile
Pascal Juery	CEO and President	Profile

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