CEZ As Correlations
| CEZ Stock | 202.00 5.60 2.70% |
The current 90-days correlation between CEZ as and Echo Investment SA is -0.03 (i.e., Good diversification). The correlation of CEZ As 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.
CEZ As Correlation With Market
Very good diversification
The correlation between CEZ as and DJI is -0.34 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CEZ as and DJI in the same portfolio, assuming nothing else is changed.
CEZ |
The ability to find closely correlated positions to CEZ As 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 As 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 As - 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 as to buy it.
Moving against CEZ Stock
| 0.75 | NWG | Newag SA | PairCorr |
| 0.73 | ART | Artifex Mundi SA | PairCorr |
| 0.63 | ING | ING Bank lski | PairCorr |
| 0.6 | BNP | BNP Paribas Bank | PairCorr |
| 0.56 | IZO | Izolacja Jarocin | PairCorr |
| 0.56 | GRX | GreenX Metals | PairCorr |
| 0.55 | PEO | Bank Polska Kasa Earnings Call This Week | PairCorr |
| 0.54 | PKN | Polski Koncern Naftowy Earnings Call This Week | PairCorr |
| 0.52 | ALR | Alior Bank SA | PairCorr |
| 0.49 | KGH | KGHM Polska Miedz | PairCorr |
| 0.49 | TPE | Tauron Polska Energia | PairCorr |
| 0.48 | TRR | Termorex | PairCorr |
| 0.47 | SNT | Synektik SA | PairCorr |
| 0.45 | SAN | Banco Santander SA | PairCorr |
| 0.45 | PCR | PCC Rokita SA | PairCorr |
| 0.44 | WWL | WAWEL SA | PairCorr |
| 0.43 | DOM | Dom Development SA | PairCorr |
| 0.38 | PZU | Powszechny Zaklad | PairCorr |
| 0.35 | ENA | Enea SA | PairCorr |
| 0.34 | JSW | Jastrzebska Spotka | PairCorr |
| 0.34 | ULM | ULMA Construccion Polska | PairCorr |
| 0.64 | XTB | X Trade Brokers | PairCorr |
| 0.63 | ATP | Atlanta Poland SA | PairCorr |
| 0.62 | URT | Urteste SA | PairCorr |
| 0.62 | ALL | Ailleron SA | PairCorr |
| 0.61 | KTY | Grupa KTY SA | PairCorr |
| 0.56 | BKD | Baked Games SA | PairCorr |
| 0.56 | TEN | TEN SQUARE GAMES | PairCorr |
| 0.51 | ECT | eco5tech SA | PairCorr |
| 0.48 | ENT | Enter Air SA | PairCorr |
| 0.47 | UCG | UniCredit SpA | PairCorr |
| 0.47 | CLE | Coal Energy SA | PairCorr |
| 0.47 | BHW | Bank Handlowy w | PairCorr |
| 0.47 | SPL | Santander Bank Polska | PairCorr |
| 0.45 | ZUK | Zaklady Urzadzen Kot | PairCorr |
Related Correlations Analysis
| -0.15 | 0.65 | -0.04 | 0.51 | 0.33 | 0.67 | EXA | ||
| -0.15 | -0.01 | 0.38 | -0.06 | 0.07 | -0.03 | SWM | ||
| 0.65 | -0.01 | 0.08 | 0.44 | 0.15 | 0.35 | SKL | ||
| -0.04 | 0.38 | 0.08 | -0.18 | 0.1 | 0.05 | K2P | ||
| 0.51 | -0.06 | 0.44 | -0.18 | 0.09 | 0.37 | MLK | ||
| 0.33 | 0.07 | 0.15 | 0.1 | 0.09 | 0.69 | CRM | ||
| 0.67 | -0.03 | 0.35 | 0.05 | 0.37 | 0.69 | ECH | ||
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 CEZ Stock performing well and CEZ As 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 As' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EXA | 2.45 | 0.24 | 0.04 | (0.57) | 2.93 | 6.33 | 20.44 | |||
| SWM | 2.25 | (0.32) | 0.00 | (0.57) | 0.00 | 3.83 | 14.09 | |||
| SKL | 0.80 | (0.06) | 0.00 | (0.33) | 0.00 | 2.74 | 10.11 | |||
| K2P | 1.42 | (0.16) | 0.00 | (0.48) | 0.00 | 4.55 | 26.36 | |||
| MLK | 2.19 | 0.08 | 0.01 | 0.37 | 2.27 | 4.55 | 18.00 | |||
| CRM | 2.06 | 0.11 | 0.01 | 1.97 | 2.15 | 7.89 | 15.59 | |||
| ECH | 1.28 | 0.14 | 0.05 | 1.15 | 1.33 | 3.19 | 7.87 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in CEZ As 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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CEZ As Corporate Management
Elected by the shareholders, the CEZ As' board of directors comprises two types of representatives: CEZ As 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 As' management team and ensure that shareholders' interests are well served. CEZ As' 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 As' 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 |