Roctool Correlations

ALROC Stock

EUR 0.51 0.05 10.87%

The current 90-days correlation between Roctool and Metavisio is -0.13 (i.e., Good diversification). The correlation of Roctool 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.

Roctool Correlation With Market

Poor diversification

The correlation between Roctool and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Roctool and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Roctool Stock

0.83	BNP	BNP Paribas SA Earnings Call This Week	Pair Corr
0.89	GLE	Societe Generale Earnings Call This Week	Pair Corr
0.7	CS	AXA SA	Pair Corr
0.87	DKUPL	Dekuple	Pair Corr
0.82	BON	Bonduelle SCA	Pair Corr
0.83	FRVIA	Forvia SE	Pair Corr
0.85	ALO	Alstom SA	Pair Corr
0.67	ALAVI	AdVini SA	Pair Corr
0.77	AB	AB Science SA	Pair Corr
0.93	SOP	Sopra Steria Group	Pair Corr
0.75	ALTPC	Societe Marseillaise	Pair Corr
0.66	ATE	Alten SA	Pair Corr
0.65	ENGI	Engie SA	Pair Corr

Moving against Roctool Stock

0.87

Air Liquide SA

Pair Corr

Related Correlations Analysis

	ALVG	ALTHO	MLDAM	AVT	ALBOO	ALCAB	ALIMR	ALARF
ALVG		0.48	-0.24	-0.3	0.54	0.82	-0.65	0.46	ALVG
ALTHO	0.48		-0.18	-0.22	0.61	0.66	-0.51	0.39	ALTHO
MLDAM	-0.24	-0.18		0.68	-0.19	-0.23	0.21	0.06	MLDAM
AVT	-0.3	-0.22	0.68		-0.23	-0.28	0.25	-0.08	AVT
ALBOO	0.54	0.61	-0.19	-0.23		0.67	-0.69	0.27	ALBOO
ALCAB	0.82	0.66	-0.23	-0.28	0.67		-0.71	0.46	ALCAB
ALIMR	-0.65	-0.51	0.21	0.25	-0.69	-0.71		-0.33	ALIMR
ALARF	0.46	0.39	0.06	-0.08	0.27	0.46	-0.33		ALARF
	ALVG	ALTHO	MLDAM	AVT	ALBOO	ALCAB	ALIMR	ALARF

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

ALCAB	+ 0.82	ALVG
AVT	+ 0.68	MLDAM
ALCAB	+ 0.67	ALBOO
ALCAB	+ 0.66	ALTHO
ALBOO	+ 0.61	ALTHO
ALBOO	+ 0.54	ALVG

High negative correlations

ALIMR	- 0.71	ALCAB
ALIMR	- 0.69	ALBOO
ALIMR	- 0.65	ALVG
ALIMR	- 0.51	ALTHO
ALARF	- 0.33	ALIMR
AVT	- 0.3	ALVG

Risk-Adjusted Indicators

There is a big difference between Roctool Stock performing well and Roctool 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 Roctool'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
ALVG	3.48	0.04	0.00	0.03	0.00	0.00	13.33	(7.14)	22.53
ALTHO	6.19	(0.43)	0.00	(2.44)	0.00	0.00	10.42	(13.33)	45.24
MLDAM	1.75	0.85	0.00	16.07	0.00	0.00	0.00	0.00	58.75
AVT	6.78	2.62	0.45	(5.41)	4.20	(12.77)	29.59	(4.37)	98.27
ALBOO	14.69	2.81	0.05	0.66	15.71	(100.00)	100.00	(50.00)	150.00
ALCAB	9.89	0.04	0.00	0.03	0.00	0.00	18.42	(18.75)	150.58
ALIMR	8.49	1.53	0.13	0.82	7.64	(20.30)	25.90	(14.20)	78.38
ALARF	3.12	0.23	0.03	2.61	4.13	(5.15)	8.47	(8.82)	23.61

Be your own money manager

Our tools can tell you how much better you can do entering a position in Roctool 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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Roctool Corporate Executives

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

Henry Huard

Administrative CFO

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