AIXTRON SE Correlations

AIXXF Stock

USD 14.03 0.33 2.41%

The current 90-days correlation between AIXTRON SE and Sumco Corp ADR is 0.02 (i.e., Significant diversification). The correlation of AIXTRON SE 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.

AIXTRON SE Correlation With Market

Good diversification

The correlation between AIXTRON SE and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AIXTRON SE and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against AIXTRON Pink Sheet

0.69	OILCF	Permex Petroleum Trending	Pair Corr
0.67	BRK-B	Berkshire Hathaway	Pair Corr
0.54	TD	Toronto Dominion Bank Earnings Call This Week	Pair Corr
0.54	V	Visa Class A	Pair Corr
0.45	VLY	Valley National Bancorp	Pair Corr

Related Correlations Analysis

	SUOPY	DSCSY	DINRF	TOELF	ASMVY	ASMIY	ATEYY	BESVF	BESIY	LSRCY
SUOPY		-0.1	0.83	-0.37	0.78	0.21	0.25	-0.78	-0.78	0.95	SUOPY
DSCSY	-0.1		-0.33	0.46	-0.15	-0.14	0.0	0.38	0.29	-0.17	DSCSY
DINRF	0.83	-0.33		-0.55	0.63	0.26	0.38	-0.94	-0.89	0.87	DINRF
TOELF	-0.37	0.46	-0.55		-0.1	-0.42	-0.37	0.65	0.67	-0.33	TOELF
ASMVY	0.78	-0.15	0.63	-0.1		0.01	0.2	-0.59	-0.48	0.82	ASMVY
ASMIY	0.21	-0.14	0.26	-0.42	0.01		0.16	-0.32	-0.43	0.14	ASMIY
ATEYY	0.25	0.0	0.38	-0.37	0.2	0.16		-0.46	-0.42	0.24	ATEYY
BESVF	-0.78	0.38	-0.94	0.65	-0.59	-0.32	-0.46		0.91	-0.79	BESVF
BESIY	-0.78	0.29	-0.89	0.67	-0.48	-0.43	-0.42	0.91		-0.79	BESIY
LSRCY	0.95	-0.17	0.87	-0.33	0.82	0.14	0.24	-0.79	-0.79		LSRCY
	SUOPY	DSCSY	DINRF	TOELF	ASMVY	ASMIY	ATEYY	BESVF	BESIY	LSRCY

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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

LSRCY	+ 0.95	SUOPY
BESIY	+ 0.91	BESVF
LSRCY	+ 0.87	DINRF
DINRF	+ 0.83	SUOPY
LSRCY	+ 0.82	ASMVY
ASMVY	+ 0.78	SUOPY

High negative correlations

BESVF	- 0.94	DINRF
BESIY	- 0.89	DINRF
LSRCY	- 0.79	BESIY
LSRCY	- 0.79	BESVF
BESIY	- 0.78	SUOPY
BESVF	- 0.78	SUOPY

Risk-Adjusted Indicators

There is a big difference between AIXTRON Pink Sheet performing well and AIXTRON SE 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 AIXTRON SE'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
SUOPY	2.14	(0.45)	0.00	(0.39)	0.00	0.00	4.40	(5.21)	18.58
DSCSY	2.55	0.31	0.07	4.64	2.97	(2.77)	5.02	(4.85)	23.41
DINRF	4.10	(0.82)	0.00	(0.81)	0.00	0.00	7.26	(11.57)	28.56
TOELF	2.74	0.06	0.00	0.24	2.83	(3.46)	6.91	(4.72)	17.54
ASMVY	1.71	(0.33)	0.00	(1.61)	0.00	0.00	4.09	(3.63)	9.23
ASMIY	2.22	0.24	0.05	2.89	2.79	(2.48)	3.93	(4.95)	8.40
ATEYY	1.91	0.29	0.09	(3.66)	1.96	(2.33)	6.41	(3.31)	9.71
BESVF	1.20	0.33	0.00	(0.45)	0.00	0.00	6.62	(1.99)	24.08
BESIY	2.07	0.25	0.03	(0.48)	3.12	(2.16)	4.52	(3.34)	21.33
LSRCY	1.91	(0.56)	0.00	(1.37)	0.00	0.00	3.13	(4.87)	13.38

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

Charles Russell	Chief Officer	Profile
Christian Danninger	CFO Board	Profile
Jochen Linck	COO CTO	Profile
Felix Grawert	Member of the Executive Board	Profile

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