Air Liquide Correlations
| AIQUY Stock | USD 34.79 0.42 1.19% |
The correlation of Air Liquide 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.
Air Liquide Correlation With Market
Good diversification
The correlation between Air Liquide SA and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Air Liquide SA and DJI in the same portfolio, assuming nothing else is changed.
Air |
The ability to find closely correlated positions to Air Liquide could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Air Liquide 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 Air Liquide - 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 Air Liquide SA to buy it.
Moving together with Air Pink Sheet
| 0.71 | CHKEZ | CHKEZ Old Symbol Change | PairCorr |
| 0.78 | CHKEL | CHKEL Old Symbol Change | PairCorr |
| 0.65 | ADVWW | Advantage Solutions | PairCorr |
| 0.62 | BKRKF | PT Bank Rakyat Earnings Call This Week | PairCorr |
| 0.87 | BKRKY | Bank Rakyat Earnings Call This Week | PairCorr |
| 0.69 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.61 | PTAIF | PT Astra International | PairCorr |
| 0.69 | PTAIY | Astra International Tbk | PairCorr |
| 0.84 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.88 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.73 | PBCRY | Bank Central Asia | PairCorr |
| 0.71 | KO | Coca Cola Earnings Call This Week | PairCorr |
Moving against Air Pink Sheet
| 0.74 | ASTSW | AST SpaceMobile | PairCorr |
| 0.64 | LPTH | LightPath Technologies Earnings Call This Week | PairCorr |
| 0.45 | GILT | Gilat Satellite Networks | PairCorr |
| 0.69 | DIS | Walt Disney Earnings Call This Week | PairCorr |
| 0.6 | CSCO | Cisco Systems | PairCorr |
| 0.58 | AXP | American Express | PairCorr |
| 0.58 | WMT | Walmart Aggressive Push | PairCorr |
| 0.55 | V | Visa Class A | PairCorr |
| 0.47 | BAC | Bank of America | PairCorr |
| 0.38 | JPM | JPMorgan Chase | PairCorr |
Related Correlations Analysis
| 0.0 | 0.21 | 0.11 | 0.22 | 0.23 | 0.06 | AKZOY | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ACRB | ||
| 0.21 | 0.0 | 0.23 | 0.22 | 0.82 | 0.66 | AKZOF | ||
| 0.11 | 0.0 | 0.23 | 0.46 | 0.42 | 0.42 | AVOA | ||
| 0.22 | 0.0 | 0.22 | 0.46 | 0.58 | 0.39 | ASGLY | ||
| 0.23 | 0.0 | 0.82 | 0.42 | 0.58 | 0.76 | ARKAY | ||
| 0.06 | 0.0 | 0.66 | 0.42 | 0.39 | 0.76 | ABSSF | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Air Pink Sheet performing well and Air Liquide 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 Air Liquide'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AKZOY | 1.20 | 0.10 | 0.01 | 0.83 | 1.57 | 3.46 | 6.62 | |||
| ACRB | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AKZOF | 0.72 | (0.02) | 0.00 | 0.52 | 0.00 | 1.84 | 13.17 | |||
| AVOA | 1.97 | 0.16 | 0.01 | (1.29) | 3.20 | 14.29 | 32.72 | |||
| ASGLY | 1.88 | (0.07) | 0.00 | (0.42) | 0.00 | 5.41 | 12.59 | |||
| ARKAY | 1.33 | (0.15) | 0.00 | (1.71) | 0.00 | 2.89 | 7.71 | |||
| ABSSF | 1.80 | (0.31) | 0.00 | (0.88) | 0.00 | 4.44 | 12.75 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Air Liquide 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?
Run Stock Tickers Now
Stock TickersUse high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites |
| All Next | Launch Module |
Air Liquide Corporate Management
| Armelle Levieux | VP HR | Profile | |
| Jrme Pelletan | Chief Officer | Profile | |
| Franois Abrial | VP | Profile | |
| Christiane Muller | VP Activities | Profile |