Icade SA Correlations
| CDMGF Stock | USD 25.54 0.54 2.16% |
The current 90-days correlation between Icade SA and HR Real Estate is -0.12 (i.e., Good diversification). The correlation of Icade SA 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.
Icade SA Correlation With Market
Poor diversification
The correlation between Icade SA and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Icade SA and DJI in the same portfolio, assuming nothing else is changed.
Icade |
The ability to find closely correlated positions to Icade SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Icade SA 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 Icade SA - 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 Icade SA to buy it.
Moving together with Icade Pink Sheet
| 0.66 | GMGSF | Goodman Group Earnings Call This Week | PairCorr |
| 0.75 | LSGOF | Land Securities Group | PairCorr |
| 0.8 | BRK-B | Berkshire Hathaway | PairCorr |
| 0.72 | HYMTF | Hyundai Motor | PairCorr |
| 0.81 | TGT | Target | PairCorr |
| 0.66 | SPG | Simon Property Group | PairCorr |
| 0.64 | SOME | Somerset Trust Holding | PairCorr |
| 0.62 | ANAB | AnaptysBio | PairCorr |
| 0.93 | JNHMF | Jack Nathan Medical | PairCorr |
| 0.62 | CNI | Canadian National Railway | PairCorr |
| 0.81 | MCCK | Mestek Inc | PairCorr |
| 0.67 | SGML | Sigma Lithium Resources | PairCorr |
| 0.76 | CVLG | Covenant Logistics | PairCorr |
| 0.61 | EPR | EPR Properties | PairCorr |
| 0.73 | EXR | Extra Space Storage | PairCorr |
Moving against Icade Pink Sheet
| 0.65 | STKAF | Stockland Earnings Call This Week | PairCorr |
| 0.47 | BRK-A | Berkshire Hathaway | PairCorr |
| 0.37 | TKURF | Tokyu REIT | PairCorr |
| 0.42 | GTEH | Gentech Holdings | PairCorr |
| 0.33 | KMB | Kimberly Clark | PairCorr |
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
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Risk-Adjusted Indicators
There is a big difference between Icade Pink Sheet performing well and Icade SA 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 Icade SA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HRUFF | 1.15 | (0.05) | 0.00 | (0.02) | 0.00 | 2.15 | 13.56 | |||
| SFSHF | 0.95 | 0.46 | 0.00 | (0.53) | 0.00 | 2.24 | 15.66 | |||
| CROMF | 0.50 | 0.17 | 0.08 | 0.99 | 0.23 | 1.49 | 4.41 | |||
| XIORF | 0.58 | 0.08 | 0.02 | 0.38 | 0.60 | 2.13 | 7.94 | |||
| PRKWF | 0.10 | 0.01 | 0.00 | (0.18) | 0.00 | 0.00 | 2.31 | |||
| GRNNF | 0.29 | 0.00 | 0.00 | 0.06 | 0.00 | 0.00 | 6.11 | |||
| WIHLY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BUNNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| INGEF | 1.70 | (0.22) | 0.00 | 1.51 | 0.00 | 5.35 | 27.77 | |||
| DUSCF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
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Instant RatingsDetermine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Icade SA Corporate Management
| Emmanuelle Baboulin | Member of the Executive Committee in charge of the Commercial Property Investment Division | Profile | |
| Sophie Duval | Head Accounting | Profile | |
| Laurent Poinsard | Member of the Executive Committee in charge of Audit, Risk, Compliance and Internal Control | Profile | |
| Marc Blanc | Head HR | Profile | |
| Victoire Aubry | Head of Fin., Legal Affairs and IT and Member of Co-Ordination Committee | Profile | |
| Jrme Lucchini | Legal Governance | Profile |