BasicNet SpA Correlations

BCJ Stock

EUR 6.96 0.02 0.29%

The current 90-days correlation between BasicNet SpA and AUREA SA INH is 0.18 (i.e., Average diversification). The correlation of BasicNet SpA 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.

BasicNet SpA Correlation With Market

Very weak diversification

The correlation between BasicNet SpA and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BasicNet SpA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against BasicNet Stock

0.57	DBPD	Xtrackers ShortDAX	Pair Corr
0.44	SOBA	ATT Inc	Pair Corr
0.32	4AH1	PT Ace Hardware	Pair Corr

Related Correlations Analysis

	94P	8SP	DVDG	INL	VOW	BTC1	RRU	RS6	9K1	3RKU
94P		0.18	0.11	0.06	0.56	-0.14	-0.03	0.11	0.23	0.18	94P
8SP	0.18		0.61	0.49	0.17	-0.4	0.47	0.55	0.54	0.53	8SP
DVDG	0.11	0.61		0.77	0.45	-0.78	0.81	0.95	0.8	0.45	DVDG
INL	0.06	0.49	0.77		0.4	-0.43	0.77	0.81	0.54	0.12	INL
VOW	0.56	0.17	0.45	0.4		-0.19	0.52	0.47	0.36	-0.06	VOW
BTC1	-0.14	-0.4	-0.78	-0.43	-0.19		-0.38	-0.74	-0.77	-0.55	BTC1
RRU	-0.03	0.47	0.81	0.77	0.52	-0.38		0.81	0.5	0.09	RRU
RS6	0.11	0.55	0.95	0.81	0.47	-0.74	0.81		0.74	0.37	RS6
9K1	0.23	0.54	0.8	0.54	0.36	-0.77	0.5	0.74		0.54	9K1
3RKU	0.18	0.53	0.45	0.12	-0.06	-0.55	0.09	0.37	0.54		3RKU
	94P	8SP	DVDG	INL	VOW	BTC1	RRU	RS6	9K1	3RKU

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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

RS6	+ 0.95	DVDG
RRU	+ 0.81	DVDG
RS6	+ 0.81	INL
RS6	+ 0.81	RRU
9K1	+ 0.8	DVDG
INL	+ 0.77	DVDG

High negative correlations

BTC1	- 0.78	DVDG
9K1	- 0.77	BTC1
RS6	- 0.74	BTC1
3RKU	- 0.55	BTC1
BTC1	- 0.43	INL
BTC1	- 0.4	8SP

Risk-Adjusted Indicators

There is a big difference between BasicNet Stock performing well and BasicNet SpA 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 BasicNet SpA'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
94P	1.73	(0.04)	0.00	(0.03)	0.00	0.00	3.15	(3.49)	11.80
8SP	1.53	(0.03)	0.00	0.03	3.79	(1.62)	4.67	(2.27)	21.54
DVDG	0.44	0.12	0.13	0.59	0.34	(0.50)	0.96	(0.65)	3.06
INL	3.06	0.43	0.08	(0.83)	3.90	(3.18)	8.76	(5.50)	24.14
VOW	0.53	0.04	0.00	0.24	0.74	(0.99)	1.70	(1.19)	6.39
BTC1	2.25	(0.62)	0.00	12.13	0.00	0.00	3.98	(5.63)	14.40
RRU	1.86	0.24	0.09	1.11	1.98	(1.96)	3.53	(3.25)	9.23
RS6	1.26	0.33	0.21	(1.74)	1.01	(1.53)	3.18	(1.57)	7.73
9K1	1.61	0.23	0.07	8.62	2.01	(2.01)	3.87	(3.03)	12.87
3RKU	2.41	0.09	0.02	0.16	2.66	(2.97)	4.91	(4.49)	12.82

Be your own money manager

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

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

Marco Boglione	Executive Chairperson	Profile
Federico Trono	CEO Director	Profile
Paola Bruschi	Exec Director	Profile
Veerle Bouckaert	Head Director	Profile

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