Metro AG Correlations

B4B Stock

4.36 0.04 0.93%

The current 90-days correlation between Metro AG and BANK MANDIRI is 0.13 (i.e., Average diversification). The correlation of Metro 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.

Metro AG Correlation With Market

Average diversification

The correlation between Metro AG and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Metro AG and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Metro 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 Metro 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 Metro 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 Metro AG to buy it.

Moving together with Metro Stock

0.61	SSUN	Samsung Electronics	Pair Corr
0.75	BYRA	BANK RAKYAT IND	Pair Corr
0.67	BYRA	PT Bank Rakyat	Pair Corr
0.66	BYRA	PT Bank Rakyat	Pair Corr
0.66	BYRA	BANK RAKYAT IND	Pair Corr

Moving against Metro Stock

0.69	GIS	General Mills	Pair Corr
0.67	MOB	Monster Beverage Corp	Pair Corr
0.59	SK3	Smurfit Kappa Group	Pair Corr
0.57	AD2	Air China Limited	Pair Corr
0.57	6GAA	Grupo Aval Acciones	Pair Corr
0.53	MSF	Microsoft	Pair Corr
0.52	MIE1	Mitsubishi Electric	Pair Corr
0.49	RHM	Rheinmetall AG Earnings Call This Week	Pair Corr

Related Correlations Analysis

	PQ9	PQ9	PQ9	PQ9	BYRA	BYRA	BYRA	BYRA	PTI	TCID
PQ9		0.8	0.23	0.95	0.67	0.77	0.92	0.85	0.79	0.75	PQ9
PQ9	0.8		0.28	0.8	0.51	0.61	0.76	0.69	0.69	0.71	PQ9
PQ9	0.23	0.28		0.27	0.34	0.18	0.09	0.08	0.36	0.17	PQ9
PQ9	0.95	0.8	0.27		0.66	0.77	0.91	0.81	0.79	0.72	PQ9
BYRA	0.67	0.51	0.34	0.66		0.67	0.68	0.63	0.75	0.61	BYRA
BYRA	0.77	0.61	0.18	0.77	0.67		0.84	0.85	0.76	0.55	BYRA
BYRA	0.92	0.76	0.09	0.91	0.68	0.84		0.91	0.83	0.72	BYRA
BYRA	0.85	0.69	0.08	0.81	0.63	0.85	0.91		0.8	0.69	BYRA
PTI	0.79	0.69	0.36	0.79	0.75	0.76	0.83	0.8		0.72	PTI
TCID	0.75	0.71	0.17	0.72	0.61	0.55	0.72	0.69	0.72		TCID
	PQ9	PQ9	PQ9	PQ9	BYRA	BYRA	BYRA	BYRA	PTI	TCID

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Risk-Adjusted Indicators

There is a big difference between Metro Stock performing well and Metro 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 Metro 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
PQ9	1.62	(0.12)	0.00	(0.18)	0.00	0.00	3.03	(2.94)	8.44
PQ9	2.45	(0.06)	0.00	(0.12)	0.00	0.00	5.56	(5.26)	19.09
PQ9	0.60	0.02	(0.04)	(0.08)	0.95	(5.00)	2.44	(2.38)	17.38
PQ9	1.66	0.06	0.00	0.03	0.00	0.00	2.94	(2.86)	13.16
BYRA	2.60	0.01	0.00	0.10	0.00	0.00	10.00	(6.67)	26.79
BYRA	0.78	(0.07)	0.00	0.63	0.00	0.00	0.00	0.00	29.42
BYRA	1.27	(0.16)	0.00	26.81	0.00	0.00	3.70	(4.00)	10.02
BYRA	1.73	(0.16)	0.00	(0.55)	0.00	0.00	4.00	(4.00)	30.95
PTI	1.70	(0.03)	0.00	0.36	0.00	0.00	3.25	(3.43)	20.35
TCID	2.77	(0.12)	(0.01)	0.03	4.53	(8.36)	11.76	(12.50)	28.29

Be your own money manager

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

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

Timo Salzsieder	Chief Officer	Profile
Gerd Koslowski	Global Communications	Profile
Veronika Pountcheva	Sr Responsibility	Profile
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