Commerzbank Correlations

Stocks . Germany . 
Stock . Commerzbank AG
CBK Stock   15.35  0.24  1.54%   
The current 90-days correlation between Commerzbank AG and Iridium Communications is -0.11 (i.e., Good diversification). The correlation of Commerzbank 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.

Commerzbank Correlation With Market

Significant diversification

The correlation between Commerzbank AG and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Commerzbank AG and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Commerzbank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Commerzbank 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 Commerzbank - 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 Commerzbank AG to buy it.

Moving together with Commerzbank Stock

  0.8DBK Deutsche Bank AktienPairCorr
  0.98ZZMS Commerzbank AGPairCorr
  0.63CSA Accenture plcPairCorr
  0.82ZAL Zalando SEPairCorr
  0.62ECJ Ecolab IncPairCorr
  0.64CM2 CAL MAINE FOODSPairCorr
  0.64SAP SAP SEPairCorr
  0.84013C JD IncPairCorr
  0.736D81 Dupont De NemoursPairCorr
  0.659PDA Pinduoduo Earnings Call This WeekPairCorr
  0.829MDA MEITUAN UNSPADR/2B Earnings Call This WeekPairCorr
  0.63N3Y Nine Dragons PaperPairCorr
  0.62TIA Tianjin Capital EnviPairCorr

Moving against Commerzbank Stock

  0.87BZI Santander Bank PolskaPairCorr
  0.5A5G AIB Group plcPairCorr
  0.46VOW Volkswagen AGPairCorr
  0.41VOWB VOLKSWAGEN AG VZPairCorr
  0.4VOW3 Volkswagen AGPairCorr
  0.34VOW3 Volkswagen AG VZOPairCorr
  0.72DBPD Xtrackers ShortDAXPairCorr

Related Correlations Analysis

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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   
N4Q1
+ 0.97
N4Q1
N4Q1
+ 0.76
6IC
N4Q1
+ 0.76
6IC
CQD
+ 0.75
WN6
WN6
+ 0.54
N4Q1
N4Q1
+ 0.48
WN6
  
High negative correlations   
N4Q1
- 0.09
9YM
N4Q1
- 0.09
9YM
CQD
- 0.0
4P7
N4Q1
- 0.0
4P7
WN6
- 0.0
4P7
4P7
- 0.0
N4Q1

Risk-Adjusted Indicators

There is a big difference between Commerzbank Stock performing well and Commerzbank 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 Commerzbank'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.

Be your own money manager

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

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