Corbion NV Correlations

CSNVF Stock

USD 21.50 0.00 0.00%

The current 90-days correlation between Corbion NV and Huabao International Holdings is -0.01 (i.e., Good diversification). The correlation of Corbion NV 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.

Corbion NV Correlation With Market

Very good diversification

The correlation between Corbion NV and DJI is -0.28 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Corbion NV and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Corbion Pink Sheet

0.8	LNDNF	Lundin Energy AB	Pair Corr
0.63	CPAC	Cementos Pacasmayo SAA	Pair Corr
0.61	EGP	EastGroup Properties	Pair Corr
0.78	CSCO	Cisco Systems	Pair Corr
0.69	ATRO	Astronics	Pair Corr
0.62	TORO	Toro	Pair Corr
0.65	GPAEF	Grupo Aeroportuario del	Pair Corr
0.64	DDS	Dillards,	Pair Corr
0.66	SPGI	SP Global	Pair Corr
0.61	ALVLF	Big Ridge Gold	Pair Corr
0.67	KODK	Eastman Kodak	Pair Corr
0.9	IDN	Intellicheck Mobilisa	Pair Corr
0.62	KYOCF	Kyocera	Pair Corr

Moving against Corbion Pink Sheet

0.81	AIQUY	Air Liquide SA	Pair Corr
0.81	AIQUF	LAir Liquide SA	Pair Corr
0.59	GVDBF	Givaudan SA	Pair Corr
0.58	SHW	Sherwin Williams Sell-off Trend	Pair Corr
0.57	GVDNY	Givaudan SA ADR	Pair Corr
0.47	APD	Air Products	Pair Corr
0.41	SXYAY	Sika AG ADR	Pair Corr
0.4	SKFOF	Sika AG	Pair Corr
0.38	BKLRF	Berkeley Energy	Pair Corr
0.57	BASE	Couchbase	Pair Corr
0.46	VHAI	VHAI	Pair Corr
0.43	NYMXF	Nymox Pharmaceutical	Pair Corr
0.33	ARVLF	Arrival	Pair Corr

Related Correlations Analysis

	FPLSF	HUIHY	NPKYY	NPKYF	TKCBY	TKYMY	EMNSF	CUYRF	ALPKF
FPLSF		-0.04	0.24	0.0	-0.11	0.39	0.29	0.0	-0.3	FPLSF
HUIHY	-0.04		0.37	0.0	0.81	0.45	-0.23	0.0	0.14	HUIHY
NPKYY	0.24	0.37		0.0	0.47	0.75	-0.62	0.0	-0.66	NPKYY
NPKYF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	NPKYF
TKCBY	-0.11	0.81	0.47	0.0		0.56	-0.29	0.0	-0.02	TKCBY
TKYMY	0.39	0.45	0.75	0.0	0.56		-0.26	0.0	-0.39	TKYMY
EMNSF	0.29	-0.23	-0.62	0.0	-0.29	-0.26		0.0	0.36	EMNSF
CUYRF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CUYRF
ALPKF	-0.3	0.14	-0.66	0.0	-0.02	-0.39	0.36	0.0		ALPKF
	FPLSF	HUIHY	NPKYY	NPKYF	TKCBY	TKYMY	EMNSF	CUYRF	ALPKF

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

TKCBY	+ 0.81	HUIHY
TKYMY	+ 0.75	NPKYY
TKYMY	+ 0.56	TKCBY
TKCBY	+ 0.47	NPKYY
TKYMY	+ 0.45	HUIHY
TKYMY	+ 0.39	FPLSF

High negative correlations

ALPKF	- 0.66	NPKYY
EMNSF	- 0.62	NPKYY
ALPKF	- 0.39	TKYMY
ALPKF	- 0.3	FPLSF
EMNSF	- 0.29	TKCBY
EMNSF	- 0.26	TKYMY

Risk-Adjusted Indicators

There is a big difference between Corbion Pink Sheet performing well and Corbion NV 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 Corbion NV'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
FPLSF	2.78	0.26	0.08	0.31	2.68	(3.39)	5.89	(4.92)	13.76
HUIHY	2.13	1.06	0.00	9.18	0.00	0.00	0.00	0.00	71.23
NPKYY	0.61	0.36	0.00	(0.39)	0.00	0.00	0.00	0.00	19.50
NPKYF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TKCBY	0.27	0.14	0.00	(2.40)	0.00	0.00	0.00	0.00	8.93
TKYMY	0.67	0.29	0.00	(1.16)	0.00	0.00	0.00	0.00	15.78
EMNSF	0.22	0.00	0.00	0.09	0.00	0.00	0.00	0.00	12.41
CUYRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ALPKF	0.63	0.07	0.00	(1.60)	0.00	0.00	0.00	0.00	17.91

Be your own money manager

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

Marco Bootz	Pres Specialties	Profile
Olivier Rigaud	Chairman CEO	Profile
Tanno Massar	Director Communications	Profile
Ruud Peerbooms	Pres Ingredients	Profile

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