Carbios Correlations

ALCRB Stock

EUR 6.09 0.12 2.01%

The current 90-days correlation between Carbios and Jacquet Metal Service is 0.23 (i.e., Modest diversification). The correlation of Carbios 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.

Carbios Correlation With Market

Modest diversification

The correlation between Carbios and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Carbios and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Carbios Stock

0.54	ALMET	Methanor	Pair Corr
0.52	ABCA	ABC arbitrage SA	Pair Corr
0.47	CBDG	Compagnie du Cambodge	Pair Corr
0.32	LEBL	Foncire 7 investissement	Pair Corr

Related Correlations Analysis

	MLPRX	XFAB	JCQ	SCHP	AVT	GTT	MLIFS	MLZAM
MLPRX		-0.34	-0.49	-0.42	0.78	-0.67	0.39	0.56	MLPRX
XFAB	-0.34		0.19	-0.15	-0.09	0.19	-0.63	-0.24	XFAB
JCQ	-0.49	0.19		0.55	-0.62	-0.02	-0.37	-0.51	JCQ
SCHP	-0.42	-0.15	0.55		-0.45	0.39	0.04	-0.34	SCHP
AVT	0.78	-0.09	-0.62	-0.45		-0.36	0.33	0.53	AVT
GTT	-0.67	0.19	-0.02	0.39	-0.36		-0.18	-0.41	GTT
MLIFS	0.39	-0.63	-0.37	0.04	0.33	-0.18		0.51	MLIFS
MLZAM	0.56	-0.24	-0.51	-0.34	0.53	-0.41	0.51		MLZAM
	MLPRX	XFAB	JCQ	SCHP	AVT	GTT	MLIFS	MLZAM

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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

AVT	+ 0.78	MLPRX
MLZAM	+ 0.56	MLPRX
SCHP	+ 0.55	JCQ
MLZAM	+ 0.53	AVT
MLZAM	+ 0.51	MLIFS
MLIFS	+ 0.39	MLPRX

High negative correlations

GTT	- 0.67	MLPRX
MLIFS	- 0.63	XFAB
AVT	- 0.62	JCQ
MLZAM	- 0.51	JCQ
JCQ	- 0.49	MLPRX
AVT	- 0.45	SCHP

Risk-Adjusted Indicators

There is a big difference between Carbios Stock performing well and Carbios 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 Carbios' 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
MLPRX	0.88	(0.44)	0.00	(0.45)	0.00	0.00	0.00	0.00	20.69
XFAB	2.24	0.13	0.05	0.26	2.80	(2.24)	5.63	(4.24)	14.95
JCQ	1.11	0.21	0.12	1.53	1.61	(1.18)	2.32	(2.31)	8.96
SCHP	1.40	0.08	0.04	0.10	1.98	(1.57)	3.08	(2.43)	11.25
AVT	1.68	(0.34)	0.00	0.57	0.00	0.00	2.99	(3.70)	10.89
GTT	1.49	0.13	0.09	(0.23)	1.61	(1.78)	2.97	(3.49)	21.81
MLIFS	0.36	(0.19)	0.00	(2.06)	0.00	0.00	0.00	0.00	11.95
MLZAM	2.44	(0.23)	0.00	(1.78)	0.00	0.00	5.69	(5.51)	21.57

Be your own money manager

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

Elected by the shareholders, the Carbios' board of directors comprises two types of representatives: Carbios inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Carbios. The board's role is to monitor Carbios' management team and ensure that shareholders' interests are well served. Carbios' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Carbios' outside directors are responsible for providing unbiased perspectives on the board's policies.

Vanina Varlamoff	Legal Director	Profile
Pascal Bricout	Chief Officer	Profile
Stephane Ferreira	Director Officer	Profile
Mathieu Berthoud	Director Affairs	Profile
Emmanuel Ladent	Chief Officer	Profile

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