Assystem Correlations

ASY Stock

EUR 43.50 4.70 9.75%

The current 90-days correlation between Assystem SA and Groupe CRIT SA is 0.09 (i.e., Significant diversification). The correlation of Assystem 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.

Assystem Correlation With Market

Poor diversification

The correlation between Assystem SA and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Assystem SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Assystem Stock

0.79	LAT	Latcore SA	Pair Corr
0.72	ACA	Credit Agricole SA	Pair Corr
0.83	IVA	Inventiva SA	Pair Corr
0.8	ALODC	Omer Decugis Cie	Pair Corr
0.8	ALO	Alstom SA	Pair Corr
0.78	PERR	Grard Perrier Industrie	Pair Corr
0.75	ORA	Orange SA Earnings Call This Week	Pair Corr
0.87	ALSOG	Sogeclair SA	Pair Corr
0.76	PVL	Plastiques du Val	Pair Corr
0.75	IDL	ID Logistics Group	Pair Corr
0.76	GNFT	Genfit SA	Pair Corr
0.74	VETO	Vetoquinol	Pair Corr
0.72	ALIMR	Immersion SA	Pair Corr
0.79	OR	LOreal SA Earnings Call Tomorrow	Pair Corr
0.73	AB	AB Science SA	Pair Corr
0.8	ALCOX	NicOx SA	Pair Corr

Moving against Assystem Stock

0.74	ALVER	Vergnet Split	Pair Corr
0.51	STLAP	Stellantis NV	Pair Corr
0.38	ALCLS	Cellectis	Pair Corr

Related Correlations Analysis

	CEN	MLPLC	MTU	FGA	THEP	MRN	SCHP	WAGA	SDG	GLO
CEN		-0.22	0.69	-0.22	0.42	0.57	-0.4	-0.06	0.02	0.56	CEN
MLPLC	-0.22		0.11	-0.37	0.43	0.36	0.62	0.41	-0.72	0.42	MLPLC
MTU	0.69	0.11		-0.69	0.68	0.6	-0.4	-0.09	-0.35	0.77	MTU
FGA	-0.22	-0.37	-0.69		-0.63	-0.55	0.11	0.01	0.64	-0.68	FGA
THEP	0.42	0.43	0.68	-0.63		0.67	0.09	0.21	-0.51	0.82	THEP
MRN	0.57	0.36	0.6	-0.55	0.67		0.22	0.39	-0.65	0.83	MRN
SCHP	-0.4	0.62	-0.4	0.11	0.09	0.22		0.55	-0.42	0.1	SCHP
WAGA	-0.06	0.41	-0.09	0.01	0.21	0.39	0.55		-0.26	0.16	WAGA
SDG	0.02	-0.72	-0.35	0.64	-0.51	-0.65	-0.42	-0.26		-0.65	SDG
GLO	0.56	0.42	0.77	-0.68	0.82	0.83	0.1	0.16	-0.65		GLO
	CEN	MLPLC	MTU	FGA	THEP	MRN	SCHP	WAGA	SDG	GLO

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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

GLO	+ 0.83	MRN
GLO	+ 0.82	THEP
GLO	+ 0.77	MTU
MTU	+ 0.69	CEN
THEP	+ 0.68	MTU
MRN	+ 0.67	THEP

High negative correlations

SDG	- 0.72	MLPLC
FGA	- 0.69	MTU
GLO	- 0.68	FGA
GLO	- 0.65	SDG
SDG	- 0.65	MRN
THEP	- 0.63	FGA

Risk-Adjusted Indicators

There is a big difference between Assystem Stock performing well and Assystem 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 Assystem'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
CEN	0.89	0.13	0.06	0.54	0.84	(1.29)	3.14	(1.64)	8.25
MLPLC	0.41	(0.06)	0.00	(0.07)	0.00	0.00	0.00	0.00	13.08
MTU	1.49	0.38	0.26	1.09	0.95	(1.98)	2.93	(1.99)	21.05
FGA	1.64	(0.12)	0.00	0.27	0.00	0.00	3.62	(5.02)	12.81
THEP	1.27	0.14	0.03	2.50	1.77	(1.32)	2.51	(3.21)	8.45
MRN	1.20	0.41	0.25	2.14	0.92	(1.39)	2.56	(1.83)	8.80
SCHP	1.61	(0.11)	0.00	(0.33)	0.00	0.00	2.93	(3.00)	23.49
WAGA	1.07	0.00	(0.04)	0.11	1.40	(1.32)	3.15	(2.75)	9.01
SDG	0.88	(0.16)	0.00	(1.21)	0.00	0.00	1.31	(2.27)	9.16
GLO	1.17	0.32	0.16	0.84	1.36	(1.33)	3.08	(2.20)	10.06

Be your own money manager

Our tools can tell you how much better you can do entering a position in Assystem 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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Assystem Corporate Management

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

Ashish Tandon	Managing India	Profile
Robert Plana	Chief Officer	Profile
Christian Jeanneau	Executive Digital	Profile
Emmanuelle Capiez	Senior Resources	Profile
Malene Korvin	Group Officer	Profile
Nathalie Font	Quality Director	Profile
Thomas Branche	Executive France	Profile

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