Alstom SA Correlations
| AOMFF Stock | USD 23.25 0.55 2.42% |
The current 90-days correlation between Alstom SA and Westinghouse Air Brake is -0.11 (i.e., Good diversification). The correlation of Alstom SA 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.
Alstom SA Correlation With Market
Very good diversification
The correlation between Alstom SA and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alstom SA and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Alstom SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alstom SA 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 Alstom SA - 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 Alstom SA to buy it.
Moving together with Alstom Pink Sheet
| 0.85 | WAB | Westinghouse Air Brake | PairCorr |
| 0.78 | NVDA | NVIDIA | PairCorr |
| 0.74 | SOFI | SoFi Technologies | PairCorr |
| 0.61 | AAPL | Apple Inc Aggressive Push | PairCorr |
| 0.73 | GOOG | Alphabet Class C Buyout Trend | PairCorr |
| 0.74 | CRS | Carpenter Technology | PairCorr |
| 0.63 | APLD | Applied Blockchain | PairCorr |
| 0.69 | APH | Amphenol Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.68 | SNAP | Snap Inc | PairCorr |
| 0.69 | OPRA | Opera | PairCorr |
| 0.61 | TSLA | Tesla Inc Aggressive Push | PairCorr |
| 0.7 | DIS | Walt Disney | PairCorr |
| 0.73 | PLTR | Palantir Technologies | PairCorr |
| 0.71 | FUND | Sprott Focus Trust | PairCorr |
| 0.72 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.61 | DORM | Dorman Products | PairCorr |
| 0.71 | CRDO | Credo Technology | PairCorr |
Moving against Alstom Pink Sheet
| 0.84 | CP | Canadian Pacific Railway | PairCorr |
| 0.8 | CNI | Canadian National Railway Sell-off Trend | PairCorr |
| 0.76 | LCID | Lucid Group Aggressive Push | PairCorr |
| 0.75 | MPW | Medical Properties Trust | PairCorr |
| 0.66 | UNP | Union Pacific Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.45 | RIVN | Rivian Automotive Aggressive Push | PairCorr |
| 0.34 | NIO | Nio Class A Aggressive Push | PairCorr |
| 0.34 | NU | Nu Holdings | PairCorr |
Related Correlations Analysis
| -0.86 | 0.95 | 0.62 | -0.52 | WAB | ||
| -0.86 | -0.8 | -0.42 | 0.68 | CP | ||
| 0.95 | -0.8 | 0.68 | -0.41 | TRN | ||
| 0.62 | -0.42 | 0.68 | 0.18 | CSX | ||
| -0.52 | 0.68 | -0.41 | 0.18 | UNP | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Alstom Pink Sheet performing well and Alstom SA 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 Alstom SA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WAB | 0.78 | 0.21 | 0.32 | 0.32 | 0.00 | 2.14 | 5.32 | |||
| CP | 0.91 | (0.23) | 0.00 | (0.31) | 0.00 | 1.65 | 5.87 | |||
| TRN | 1.41 | 0.17 | 0.13 | 0.21 | 1.52 | 2.85 | 11.92 | |||
| CSX | 1.20 | (0.15) | (0.05) | 0.02 | 1.75 | 2.21 | 12.00 | |||
| UNP | 1.01 | (0.21) | 0.00 | (0.07) | 0.00 | 2.03 | 8.63 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Alstom SA 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?
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Alstom SA Corporate Management
| Dominique Pouliquen | Chief Performance Officer | Profile | |
| Bruno Marguet | Head of Siemens Alstom project | Profile | |
| Bruno Tourne | Chief Officer | Profile | |
| Jrme Wallut | Chief Officer | Profile | |
| Danny Perna | Ex COO | Profile |