Aperam SA Correlations

Stocks . Netherlands . 
Stock . Aperam SA
APAM Stock  EUR 43.12  1.30  2.93%   
The current 90-days correlation between Aperam SA and Corbion NV is 0.08 (i.e., Significant diversification). The correlation of Aperam 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Aperam SA Correlation With Market

Poor diversification

The correlation between Aperam SA and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aperam SA and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Aperam 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 Aperam 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 Aperam 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 Aperam SA to buy it.

Moving together with Aperam Stock

  0.78ASML ASML Holding NVPairCorr
  0.83HYDRA Hydratec IndustriesPairCorr
  0.9NN NN Group NVPairCorr
  0.66ASRNL ASR Nederland NVPairCorr
  0.71ASM ASM International Earnings Call TomorrowPairCorr
  0.91HAL HAL TrustPairCorr
  0.79SGLD Invesco Physical GoldPairCorr
  0.93HEIO Heineken HoldingPairCorr
  0.74TWEKA TKH Group NV Earnings Call This WeekPairCorr
  0.71BAMNB Koninklijke BAM GroepPairCorr
  0.7PNL PostNL NVPairCorr
  0.79PHIA Koninklijke PhilipsPairCorr
  0.88FFARM ForFarmers NVPairCorr
  0.79GOLD Amundi Physical GoldPairCorr
  0.78BESI BE Semiconductor IndPairCorr
  0.71AKZA Akzo Nobel NVPairCorr
  0.79CRBN Corbion NVPairCorr
  0.75JDEP Jde Peets NvPairCorr
  0.7SIFG Sif Holding NVPairCorr
  0.82FERGR Ferrari Group PLCPairCorr
  0.76ECMPA Eurocommercial Properties Earnings Call This WeekPairCorr
  0.64BFIT Basic Fit NVPairCorr
  0.65INGA ING Groep NVPairCorr
  0.85HEIJM Koninklijke HeijmansPairCorr
  0.78SBMO SBM Offshore NVPairCorr
  0.9KENDR Kendrion NVPairCorr
  0.68PBH Stern Groep NVPairCorr
  0.95MT ArcelorMittal SAPairCorr
  0.74NRP NEPI Rockcastle PLCPairCorr

Moving against Aperam Stock

  0.91WKL Wolters Kluwer NVPairCorr
  0.71NEDAP NV Nederlandsche AppPairCorr
  0.5ALFEN Alfen Beheer BVPairCorr

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

OCI
+ 0.85
CRBN
IMCD
+ 0.8
CRBN
AMG
+ 0.76
CRBN
IMCD
+ 0.65
OCI
AMG
+ 0.55
OCI
AXS
+ 0.49
OCI
  

High negative correlations

IMCD
- 0.22
AVTX
AVTX
- 0.14
HOLCO
AVTX
- 0.14
CRBN
AVTX
- 0.13
AXS
AXS
- 0.1
HOLCO
AVTX
- 0.08
OCI

Risk-Adjusted Indicators

There is a big difference between Aperam Stock performing well and Aperam 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 Aperam 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Aperam 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.

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Aperam SA Corporate Management

Elected by the shareholders, the Aperam SA's board of directors comprises two types of representatives: Aperam SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aperam. The board's role is to monitor Aperam SA's management team and ensure that shareholders' interests are well served. Aperam SA'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, Aperam SA's outside directors are responsible for providing unbiased perspectives on the board's policies.
Bert LyssensHead of Sustainability, Human Resources and Communications Member of the Leadership TeamProfile
Bernard HallemansChief EuropeProfile
Guillaume BazetouxHead of FinanceProfile
Timoteo MauloMember of the Management Committee, Chief Commercial and Sourcing OfficerProfile
Sudhakar SivajiChief OfficerProfile
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