Altarea SCA Correlations
| ALTA Stock | EUR 119.60 1.80 1.48% |
The current 90-days correlation between Altarea SCA and Carmila SA is 0.58 (i.e., Very weak diversification). The correlation of Altarea SCA 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.
Altarea SCA Correlation With Market
Very poor diversification
The correlation between Altarea SCA and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Altarea SCA and DJI in the same portfolio, assuming nothing else is changed.
Altarea |
The ability to find closely correlated positions to Altarea SCA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altarea SCA 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 Altarea SCA - 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 Altarea SCA to buy it.
Moving together with Altarea Stock
| 0.61 | EXPL | EPC Groupe | PairCorr |
| 0.78 | VK | Vallourec | PairCorr |
| 0.89 | FGR | Eiffage SA | PairCorr |
| 0.8 | IVA | Inventiva SA | PairCorr |
| 0.87 | ALMDT | Mediantechn | PairCorr |
| 0.75 | AB | AB Science SA | PairCorr |
| 0.81 | MALT | Malteries Franco Belges | PairCorr |
| 0.78 | ALRIB | Riber SA | PairCorr |
| 0.74 | NEX | Nexans SA Earnings Call This Week | PairCorr |
| 0.65 | ALEMG | Euromedis Groupe | PairCorr |
| 0.71 | ALAFY | Afyren SAS | PairCorr |
| 0.72 | AYV | ALD SA | PairCorr |
| 0.62 | FR | Valeo SA | PairCorr |
| 0.86 | GAM | Gaumont SA | PairCorr |
| 0.83 | CA | Carrefour SA Earnings Call This Week | PairCorr |
| 0.81 | SRP | SRP Groupe SA | PairCorr |
| 0.88 | ORA | Orange SA Earnings Call This Week | PairCorr |
| 0.92 | JCQ | Jacquet Metal Service | PairCorr |
| 0.77 | ALISP | ISPD Network SA | PairCorr |
| 0.91 | OPM | OPmobility SE | PairCorr |
| 0.8 | ALKAL | Kalray SA | PairCorr |
| 0.64 | ALWEC | WeConnect | PairCorr |
| 0.83 | ALROC | Roctool | PairCorr |
| 0.85 | PIG | Haulotte Group SA | PairCorr |
Moving against Altarea Stock
| 0.83 | ALBOO | Boostheat Split | PairCorr |
| 0.75 | ALAMA | AMA Corp PLC | PairCorr |
| 0.71 | ALENT | Entreparticuli | PairCorr |
| 0.6 | ALCLS | Cellectis | PairCorr |
Related Correlations Analysis
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 Altarea Stock performing well and Altarea SCA 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 Altarea SCA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CARM | 0.64 | (0.01) | (0.04) | 0.05 | 0.85 | 1.20 | 4.89 | |||
| ICAD | 1.04 | (0.04) | (0.04) | 0.00 | 1.41 | 2.11 | 9.98 | |||
| ARG | 0.73 | (0.03) | 0.00 | (0.12) | 0.00 | 1.69 | 4.38 | |||
| MERY | 0.75 | 0.01 | (0.02) | 0.07 | 0.96 | 1.47 | 5.34 | |||
| ALDV | 0.30 | (0.08) | 0.00 | 0.73 | 0.00 | 0.00 | 15.26 | |||
| FREY | 0.33 | 0.09 | 0.02 | (0.95) | 0.16 | 0.70 | 2.70 | |||
| EIFF | 1.02 | (0.19) | 0.00 | (1.19) | 0.00 | 2.00 | 5.62 | |||
| COVH | 0.93 | (0.01) | (0.04) | (1.16) | 1.18 | 2.60 | 9.00 | |||
| SELER | 0.47 | (0.10) | 0.00 | (0.67) | 0.00 | 1.20 | 4.88 | |||
| PAT | 0.54 | (0.06) | 0.00 | (0.37) | 0.00 | 1.71 | 4.28 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Altarea SCA 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 Global Markets Map Now
Global Markets MapGet a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes |
| All Next | Launch Module |
Altarea SCA Corporate Management
Elected by the shareholders, the Altarea SCA's board of directors comprises two types of representatives: Altarea SCA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Altarea. The board's role is to monitor Altarea SCA's management team and ensure that shareholders' interests are well served. Altarea SCA'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, Altarea SCA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Nathalie Bardin | CSR Marketing | Profile | |
| Karine Marchand | Group Director | Profile | |
| Nabil Akl | Group Director | Profile | |
| Philippe Bouvier | Director Cogedim | Profile | |
| Alain Taravella | Chairman, Founder | Profile |