Aedifica Correlations

AOO Stock

EUR 78.40 0.35 0.44%

The current 90-days correlation between Aedifica SA and Babcock Wilcox Enterprises is 0.21 (i.e., Modest diversification). The correlation of Aedifica 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.

Aedifica Correlation With Market

Poor diversification

The correlation between Aedifica SA and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aedifica SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Aedifica Stock

0.77	IUA	ASTRA GRAPHIA	Pair Corr
0.82	NQG	Monolithic Power Systems	Pair Corr
0.91	SKNB	Skanska AB	Pair Corr
0.83	RATV	Raisio plc	Pair Corr
0.87	2G0	Food Life Companies	Pair Corr
0.77	SII	Wheaton Precious Metals	Pair Corr
0.89	7GA	Gestamp Automoción Earnings Call This Week	Pair Corr
0.67	317A	STINGRAY GROUP INC	Pair Corr
0.81	TWZ	Trican Well Service	Pair Corr
0.68	SZG	Salzgitter AG	Pair Corr
0.85	PAE	PACCAR	Pair Corr
0.8	6VD	BD MULTI MEDIA Split	Pair Corr
0.85	PPQ	PPG INDUSTRIES	Pair Corr
0.89	TWA	TOWA	Pair Corr
0.9	SVKB	SANDVIK	Pair Corr
0.9	ELG	Elmos Semiconductor Earnings Call This Week	Pair Corr
0.79	30Z0	IPERIONX LTD SPADR10	Pair Corr
0.87	01H	HORIBA	Pair Corr
0.74	41B	Bellway PLC	Pair Corr
0.86	6IC	Iridium Communications	Pair Corr
0.74	3YL	SMARTOPTICS GRP AS	Pair Corr
0.66	CVC1	Carnival plc	Pair Corr

Moving against Aedifica Stock

0.87	BNB	BAYAN RESOURCES Earnings Call This Week	Pair Corr
0.83	BNB	BAYAN RESOURCES Earnings Call This Week	Pair Corr
0.5	ABHA	HASEN IMMOBILIEN N	Pair Corr
0.41	3IB	INDO TAMBANGRAYA	Pair Corr
0.5	4AH1	PT Ace Hardware	Pair Corr
0.32	777	EUROSPORTS GLOBAL LTD	Pair Corr

Related Correlations Analysis

	ABHA	UBW1	TM9	23J	H9W	DP4B	LGLG	ECK	K3E	PA2
ABHA		-0.6	-0.46	-0.66	-0.46	-0.46	-0.23	-0.69	-0.59	-0.37	ABHA
UBW1	-0.6		0.61	0.69	0.55	0.48	0.45	0.78	0.85	0.65	UBW1
TM9	-0.46	0.61		0.63	0.72	0.55	0.42	0.72	0.79	0.6	TM9
23J	-0.66	0.69	0.63		0.64	0.29	0.35	0.93	0.78	0.31	23J
H9W	-0.46	0.55	0.72	0.64		0.21	0.36	0.74	0.64	0.34	H9W
DP4B	-0.46	0.48	0.55	0.29	0.21		0.37	0.43	0.61	0.89	DP4B
LGLG	-0.23	0.45	0.42	0.35	0.36	0.37		0.48	0.49	0.42	LGLG
ECK	-0.69	0.78	0.72	0.93	0.74	0.43	0.48		0.9	0.51	ECK
K3E	-0.59	0.85	0.79	0.78	0.64	0.61	0.49	0.9		0.7	K3E
PA2	-0.37	0.65	0.6	0.31	0.34	0.89	0.42	0.51	0.7		PA2
	ABHA	UBW1	TM9	23J	H9W	DP4B	LGLG	ECK	K3E	PA2

Please upgrade your account to get full access to Macroaxis premium features

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

ECK	+ 0.93	23J
K3E	+ 0.9	ECK
PA2	+ 0.89	DP4B
K3E	+ 0.85	UBW1
K3E	+ 0.79	TM9
ECK	+ 0.78	UBW1

High negative correlations

ECK	- 0.69	ABHA
23J	- 0.66	ABHA
UBW1	- 0.6	ABHA
K3E	- 0.59	ABHA
DP4B	- 0.46	ABHA
H9W	- 0.46	ABHA

Risk-Adjusted Indicators

There is a big difference between Aedifica Stock performing well and Aedifica 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 Aedifica'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
ABHA	0.59	(0.01)	0.00	0.10	0.00	0.00	1.82	0.00	14.29
UBW1	7.48	1.08	0.12	1.65	8.21	(8.17)	17.92	(13.99)	51.11
TM9	2.71	0.73	0.15	24.04	3.26	(3.24)	10.55	(8.14)	23.52
23J	4.56	0.96	0.13	(1.00)	4.65	(6.07)	14.77	(7.41)	37.95
H9W	0.82	0.25	0.06	(1.44)	0.64	(2.51)	3.08	(2.12)	9.46
DP4B	0.66	0.26	0.14	(4.05)	0.22	(1.29)	2.53	(1.10)	7.25
LGLG	3.17	0.23	0.01	(0.08)	3.54	(4.01)	8.55	(6.52)	17.99
ECK	1.13	0.61	0.00	(12.33)	0.00	0.00	4.62	0.00	11.81
K3E	0.79	0.29	0.19	(1.12)	0.59	(0.97)	2.16	(1.34)	4.99
PA2	3.10	0.67	0.18	0.55	3.35	(3.49)	7.46	(5.05)	19.82

Be your own money manager

Our tools can tell you how much better you can do entering a position in Aedifica 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 Sync Your Broker Now

Sync Your Broker

Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.

All Next

Launch Module

Aedifica Corporate Management

Elected by the shareholders, the Aedifica's board of directors comprises two types of representatives: Aedifica inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aedifica. The board's role is to monitor Aedifica's management team and ensure that shareholders' interests are well served. Aedifica'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, Aedifica's outside directors are responsible for providing unbiased perspectives on the board's policies.

Thomas Moerman	Group Officer	Profile
Bob Boeckx	Corporate Manager	Profile
Delphine Noirhomme	Investor Manager	Profile
Martina Carlsson	Control and Communication Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC