Allegroeu Correlations

ALEGF Stock

USD 6.71 0.00 0.00%

The current 90-days correlation between Allegroeu SA and Delivery Hero SE is 0.14 (i.e., Average diversification). The correlation of Allegroeu 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.

Allegroeu Correlation With Market

Significant diversification

The correlation between Allegroeu SA and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allegroeu SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Allegroeu Pink Sheet

0.77	MPNGF	Meituan	Pair Corr
0.78	MPNGY	Meituan ADR	Pair Corr
0.73	MELI	MercadoLibre	Pair Corr
0.63	ZTLLF	Zonetail	Pair Corr

Moving against Allegroeu Pink Sheet

0.87	RUM	Rumble Inc	Pair Corr
0.64	OAKC	Oakworth Capital	Pair Corr
0.63	AMZN	Amazon Inc Earnings Call This Week	Pair Corr
0.7	EAT	Brinker International Trending	Pair Corr
0.62	YPF	YPF Sociedad Anonima	Pair Corr
0.61	NBIS	Nebius Group NV Symbol Change	Pair Corr
0.49	SQ	SQ Old Symbol Change	Pair Corr
0.45	ISRG	Intuitive Surgical	Pair Corr
0.31	HEES	HE Equipment Services	Pair Corr
0.73	62878U2A9	NBNAUS 145 05	Pair Corr
0.73	NVMI	Nova	Pair Corr
0.71	TNXP	Tonix Pharmaceuticals	Pair Corr
0.66	DXCM	DexCom Inc Earnings Call This Week	Pair Corr
0.64	NDEKY	Nitto Denko Corp	Pair Corr
0.57	GBDC	Golub Capital BDC Earnings Call This Week	Pair Corr
0.54	SOC	Sable Offshore Corp Symbol Change	Pair Corr
0.4	APTV	Aptiv PLC	Pair Corr

Related Correlations Analysis

	PXHI	DELHY	DIBS	NHTC	MONOY	HOUR	LQDT	QRTEB
PXHI		-0.49	-0.43	-0.55	0.06	0.35	0.43	-0.37	PXHI
DELHY	-0.49		0.87	0.82	-0.13	-0.6	-0.93	0.79	DELHY
DIBS	-0.43	0.87		0.83	-0.21	-0.44	-0.81	0.65	DIBS
NHTC	-0.55	0.82	0.83		-0.23	-0.5	-0.73	0.49	NHTC
MONOY	0.06	-0.13	-0.21	-0.23		-0.14	0.05	0.22	MONOY
HOUR	0.35	-0.6	-0.44	-0.5	-0.14		0.57	-0.46	HOUR
LQDT	0.43	-0.93	-0.81	-0.73	0.05	0.57		-0.87	LQDT
QRTEB	-0.37	0.79	0.65	0.49	0.22	-0.46	-0.87		QRTEB
	PXHI	DELHY	DIBS	NHTC	MONOY	HOUR	LQDT	QRTEB

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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

DIBS	+ 0.87	DELHY
NHTC	+ 0.83	DIBS
NHTC	+ 0.82	DELHY
QRTEB	+ 0.79	DELHY
QRTEB	+ 0.65	DIBS
LQDT	+ 0.57	HOUR

High negative correlations

LQDT	- 0.93	DELHY
QRTEB	- 0.87	LQDT
LQDT	- 0.81	DIBS
LQDT	- 0.73	NHTC
HOUR	- 0.6	DELHY
NHTC	- 0.55	PXHI

Risk-Adjusted Indicators

There is a big difference between Allegroeu Pink Sheet performing well and Allegroeu 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 Allegroeu'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
PXHI	1.92	0.28	0.01	(0.19)	2.64	(7.23)	8.49	(6.84)	23.65
DELHY	2.53	(0.79)	0.00	(3.30)	0.00	0.00	4.30	(6.44)	16.97
DIBS	1.73	(0.23)	0.00	(0.36)	0.00	0.00	3.06	(4.88)	13.01
NHTC	2.24	(0.32)	0.00	(0.24)	0.00	0.00	4.71	(4.95)	13.08
MONOY	1.86	0.22	0.09	0.53	1.80	(2.19)	4.21	(3.45)	14.11
HOUR	8.42	2.28	0.31	(40.04)	5.56	(13.45)	12.33	(12.64)	228.92
LQDT	2.00	0.84	0.34	1.17	1.54	(2.31)	4.20	(2.88)	37.17
QRTEB	4.01	(0.40)	0.00	0.50	0.00	0.00	9.00	(9.93)	25.39

Be your own money manager

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

Roy Perticucci	Chief Officer	Profile
Michal Kuzawinski	IR Director	Profile
Jonathan Eastick	Chief Officer	Profile
Marcin Mazurek	Acting Officer	Profile
Aleksandra SrokaKrzyzak	Head Officer	Profile

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