CEZ A Correlations

CEZ Stock

EUR 37.98 0.02 0.05%

The current 90-days correlation between CEZ a s and Talanx AG is -0.18 (i.e., Good diversification). The correlation of CEZ A 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.

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

Moving together with CEZ Stock

0.78	PCG	PGE Corporation	Pair Corr
0.84	NRN	Xcel Energy	Pair Corr
0.65	EIX	Edison International	Pair Corr
0.66	KBIA	KB Financial Group	Pair Corr
0.7	GIS	General Mills	Pair Corr
0.68	MOB	Monster Beverage Corp	Pair Corr
0.77	AD2	Air China Limited	Pair Corr
0.76	BN9	The Bank	Pair Corr
0.66	AP3	AIR PRODCHEMICALS	Pair Corr
0.85	SK3	Smurfit Kappa Group	Pair Corr
0.73	SAP	SAP SE	Pair Corr
0.75	6GAA	Grupo Aval Acciones	Pair Corr
0.71	BMU	Benchmark Electronics	Pair Corr
0.65	INL	Intel	Pair Corr
0.69	RHM	Rheinmetall AG Earnings Call This Week	Pair Corr

Moving against CEZ Stock

0.71	PQ9	PT Bank Mandiri	Pair Corr
0.66	BYRA	PT Bank Rakyat	Pair Corr
0.64	TCID	Telkom Indonesia Tbk	Pair Corr
0.62	PTI	Perusahaan Perseroan	Pair Corr
0.54	SSU	Samsung Electronics	Pair Corr
0.53	SSU	Samsung Electronics	Pair Corr
0.5	SSUN	Samsung Electronics	Pair Corr
0.49	SSUN	Samsung Electronics	Pair Corr
0.36	FP3	NextEra Energy	Pair Corr

Related Correlations Analysis

	8SP	2DG	TLX	2GB	INVN	INL	RS6	MEL	RDO	ITB
8SP		0.76	0.13	-0.34	-0.76	-0.71	-0.81	-0.78	0.23	-0.82	8SP
2DG	0.76		-0.03	-0.35	-0.85	-0.81	-0.87	-0.84	0.46	-0.87	2DG
TLX	0.13	-0.03		-0.16	0.07	-0.15	0.13	0.01	0.43	0.11	TLX
2GB	-0.34	-0.35	-0.16		0.47	0.38	0.35	0.36	-0.15	0.45	2GB
INVN	-0.76	-0.85	0.07	0.47		0.79	0.89	0.78	-0.34	0.85	INVN
INL	-0.71	-0.81	-0.15	0.38	0.79		0.84	0.82	-0.4	0.71	INL
RS6	-0.81	-0.87	0.13	0.35	0.89	0.84		0.86	-0.19	0.85	RS6
MEL	-0.78	-0.84	0.01	0.36	0.78	0.82	0.86		-0.25	0.77	MEL
RDO	0.23	0.46	0.43	-0.15	-0.34	-0.4	-0.19	-0.25		-0.31	RDO
ITB	-0.82	-0.87	0.11	0.45	0.85	0.71	0.85	0.77	-0.31		ITB
	8SP	2DG	TLX	2GB	INVN	INL	RS6	MEL	RDO	ITB

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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	+ 0.89	INVN
MEL	+ 0.86	RS6
ITB	+ 0.85	INVN
ITB	+ 0.85	RS6
RS6	+ 0.84	INL
MEL	+ 0.82	INL

High negative correlations

ITB	- 0.87	2DG
RS6	- 0.87	2DG
INVN	- 0.85	2DG
MEL	- 0.84	2DG
ITB	- 0.82	8SP
INL	- 0.81	2DG

Risk-Adjusted Indicators

There is a big difference between CEZ Stock performing well and CEZ A 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 CEZ A'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
8SP	2.06	(0.09)	0.00	0.29	0.00	0.00	3.36	(4.74)	20.22
2DG	4.16	(1.30)	0.00	(2.09)	0.00	0.00	7.14	(8.57)	52.42
TLX	0.97	0.04	(0.06)	23.18	1.13	(1.12)	2.67	(1.64)	7.58
2GB	1.82	0.02	(0.02)	0.16	2.20	(2.08)	4.28	(3.67)	13.78
INVN	2.12	0.30	0.06	(1.50)	2.38	(2.54)	5.61	(4.25)	14.01
INL	2.51	0.19	0.11	0.22	2.31	(3.25)	6.80	(3.69)	13.89
RS6	1.39	0.24	0.10	0.67	1.38	(1.60)	2.94	(2.17)	13.51
MEL	0.99	0.12	(0.01)	(1.29)	1.15	(1.14)	2.53	(1.58)	6.59
RDO	1.28	(0.11)	0.00	1.27	0.00	0.00	3.07	(4.76)	11.14
ITB	0.92	0.28	0.20	0.90	0.60	(1.03)	2.65	(1.30)	5.85

Be your own money manager

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

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

Ju MBA	Chief Director	Profile
Engineer MBA	Chairman CEO	Profile
Barbara Seidlova	Head Relations	Profile
Engineer Cyrani	Deputy Chairman	Profile
Bohdana Horackova	New Director	Profile
Radim Sladkovsk	Director Section	Profile
Libuse Latalova	Head Admin	Profile

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