Avolta AG Correlations
| AVOL Stock | 48.38 0.52 1.06% |
The current 90-days correlation between Avolta AG and The Swatch Group is 0.22 (i.e., Modest diversification). The correlation of Avolta AG 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.
Avolta AG Correlation With Market
Very poor diversification
The correlation between Avolta AG and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avolta AG and DJI in the same portfolio, assuming nothing else is changed.
Avolta |
The ability to find closely correlated positions to Avolta AG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avolta AG 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 Avolta AG - 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 Avolta AG to buy it.
Moving together with Avolta Stock
| 0.68 | UBSG | UBS Group AG | PairCorr |
| 0.8 | ROG | Roche Holding AG | PairCorr |
| 0.8 | RO | Roche Holding AG | PairCorr |
| 0.81 | NOVN | Novartis AG | PairCorr |
| 0.65 | HOLN | Holcim AG | PairCorr |
| 0.8 | VACN | VAT Group AG | PairCorr |
| 0.75 | SPSN | Swiss Prime Site | PairCorr |
| 0.75 | BANB | Bachem Holding AG | PairCorr |
| 0.78 | TKBP | Thurgauer Kantonalbank Earnings Call This Week | PairCorr |
| 0.63 | BEAN | Belimo Holding | PairCorr |
| 0.87 | VATN | Valiant Holding AG | PairCorr |
| 0.85 | CLTN | Coltene Holding AG | PairCorr |
| 0.77 | EFGN | EFG International Earnings Call This Week | PairCorr |
| 0.82 | BCVN | Banque Cantonale Vaudoise | PairCorr |
| 0.82 | WKBN | Banque Cantonale Earnings Call This Week | PairCorr |
| 0.79 | ISN | Intershop Holding | PairCorr |
| 0.77 | GMI | Groupe Minoteries | PairCorr |
Moving against Avolta Stock
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
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Risk-Adjusted Indicators
There is a big difference between Avolta Stock performing well and Avolta AG 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 Avolta AG'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MOZN | 1.00 | 0.34 | 0.19 | 2.14 | 1.05 | 2.57 | 8.13 | |||
| UHR | 1.52 | 0.32 | 0.17 | 21.86 | 1.33 | 3.31 | 15.44 | |||
| SIGN | 1.61 | 0.65 | 0.32 | 1.52 | 1.21 | 4.14 | 12.99 | |||
| UHRN | 1.43 | 0.29 | 0.16 | (13.60) | 1.12 | 3.25 | 15.62 | |||
| AUTN | 1.39 | (0.25) | 0.00 | (0.51) | 0.00 | 2.44 | 9.69 | |||
| VETN | 1.60 | 0.38 | 0.15 | 1.90 | 1.81 | 3.37 | 11.06 | |||
| VZUG | 0.95 | (0.03) | 0.00 | (0.06) | 0.00 | 1.77 | 7.36 | |||
| TIBN | 1.22 | 0.31 | 0.15 | 38.24 | 1.36 | 3.18 | 7.86 | |||
| LMN | 1.49 | 0.09 | 0.01 | (2.51) | 1.88 | 3.48 | 9.05 |
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Avolta AG Corporate Management
Elected by the shareholders, the Avolta AG's board of directors comprises two types of representatives: Avolta AG inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Avolta. The board's role is to monitor Avolta AG's management team and ensure that shareholders' interests are well served. Avolta AG'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, Avolta AG's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Pascal Duclos | Chief Counsel | Profile | |
| Katrin Volery | Culture People | Profile | |
| Vijay Talwar | Chief Officer | Profile | |
| Luis Sarda | Middle Europe | Profile | |
| Jordi MartinConsuegra | Chief America | Profile |