Bayer Aktiengesellscha Correlations
| BAYA Stock | EUR 4.94 0.24 5.11% |
The current 90-days correlation between Bayer Aktiengesellschaft and Johnson Johnson is -0.13 (i.e., Good diversification). The correlation of Bayer Aktiengesellscha 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.
Bayer Aktiengesellscha Correlation With Market
Significant diversification
The correlation between Bayer Aktiengesellschaft and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bayer Aktiengesellschaft and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Bayer Aktiengesellscha could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bayer Aktiengesellscha 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 Bayer Aktiengesellscha - 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 Bayer Aktiengesellschaft to buy it.
Moving together with Bayer Stock
| 0.77 | 6MK | Merck | PairCorr |
| 0.92 | BAYN | Bayer AG NA | PairCorr |
| 0.79 | IDP | Biogen Inc | PairCorr |
| 0.7 | YPHA | ASTELLAS PHARMA UNSPADR | PairCorr |
| 0.68 | YPH | Astellas Pharma | PairCorr |
| 0.86 | 8VY | SCANDION ONC DK Earnings Call This Week | PairCorr |
Moving against Bayer Stock
| 0.9 | V71 | HUT 8 P | PairCorr |
| 0.79 | HEIA | HEIA | PairCorr |
| 0.77 | CM2 | CAL MAINE FOODS | PairCorr |
| 0.75 | MOB | Monster Beverage Corp | PairCorr |
| 0.75 | SAP | SAP SE | PairCorr |
| 0.66 | UN3 | United Natural Foods | PairCorr |
| 0.66 | EK7 | AGRICUL BK CHINA | PairCorr |
| 0.58 | SVM | Sovereign Metals | PairCorr |
| 0.38 | VAR1 | Varta AG | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Bayer Stock performing well and Bayer Aktiengesellscha 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 Bayer Aktiengesellscha'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JNJ | 0.73 | 0.06 | (0.10) | (0.66) | 0.66 | 1.99 | 3.65 | |||
| 6MK | 0.96 | (0.15) | 0.00 | (0.20) | 0.00 | 1.72 | 5.61 | |||
| RHO6 | 1.32 | (0.24) | 0.00 | (0.28) | 0.00 | 2.85 | 8.69 | |||
| AMG | 1.15 | (0.18) | 0.00 | (0.08) | 0.00 | 2.59 | 10.60 | |||
| BAYN | 1.53 | (0.48) | 0.00 | 51.44 | 0.00 | 2.76 | 18.73 | |||
| BAYA | 3.16 | (0.46) | 0.00 | (1.15) | 0.00 | 6.38 | 20.23 | |||
| YPH | 1.63 | (0.16) | 0.00 | 0.61 | 0.00 | 2.15 | 12.86 | |||
| CVGU | 3.69 | 0.33 | 0.05 | 1.33 | 4.46 | 8.70 | 43.46 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Bayer Aktiengesellscha 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?
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Bayer Aktiengesellscha Corporate Management
Elected by the shareholders, the Bayer Aktiengesellscha's board of directors comprises two types of representatives: Bayer Aktiengesellscha inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bayer. The board's role is to monitor Bayer Aktiengesellscha's management team and ensure that shareholders' interests are well served. Bayer Aktiengesellscha'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, Bayer Aktiengesellscha's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sarena Lin | Labor Officer | Profile | |
| Oliver Maier | Head Relations | Profile | |
| Gabriel Harnier | Patents Law | Profile | |
| Heiko Schipper | Member Division | Profile | |
| Rodrigo Santos | Member Division | Profile | |
| Michael Preuss | Gov Communications | Profile | |
| Stefan Oelrich | Head Management | Profile |