Currys PLC Correlations
| CWB Stock | EUR 1.70 0.03 1.80% |
The current 90-days correlation between Currys PLC and American Eagle Outfitters is 0.12 (i.e., Average diversification). The correlation of Currys PLC 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.
Currys PLC Correlation With Market
Poor diversification
The correlation between Currys PLC and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Currys PLC and DJI in the same portfolio, assuming nothing else is changed.
Currys |
The ability to find closely correlated positions to Currys PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Currys PLC 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 Currys PLC - 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 Currys PLC to buy it.
Moving together with Currys Stock
| 0.81 | HIUC | China Taiping Insurance | PairCorr |
| 0.76 | ASME | ASML Holding NV | PairCorr |
| 0.62 | 10N | Enter Air SA | PairCorr |
| 0.76 | G40 | GDS Holdings Limited | PairCorr |
| 0.77 | ELG | Elmos Semiconductor | PairCorr |
| 0.74 | L3X | Centrais Elétricas Split | PairCorr |
| 0.7 | SII | Wheaton Precious Metals | PairCorr |
| 0.79 | PPQ | PPG INDUSTRIES | PairCorr |
| 0.8 | TQI | TELECOM ITALIA | PairCorr |
| 0.79 | GPT | Genuine Parts Earnings Call This Week | PairCorr |
| 0.78 | TGE1 | MOBILEZONE N | PairCorr |
| 0.62 | BSI | BE Semiconductor Ind Earnings Call This Week | PairCorr |
| 0.77 | FPP0 | ALTYNGOLD PLC LS | PairCorr |
| 0.67 | RATV | Raisio plc | PairCorr |
| 0.73 | HBC1 | HSBC Holdings plc | PairCorr |
Moving against Currys Stock
| 0.83 | K9R | KENEDIX OFFICE INV | PairCorr |
| 0.63 | JUA | Japan Real Estate | PairCorr |
| 0.61 | O2F | ORIX JREIT INC | PairCorr |
| 0.53 | 0S2 | UNITED URBAN INV | PairCorr |
| 0.47 | 777 | EUROSPORTS GLOBAL LTD | PairCorr |
| 0.45 | DBPD | Xtrackers ShortDAX | 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 Currys Stock performing well and Currys PLC 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 Currys PLC'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 1ZG | 2.33 | 0.76 | 0.26 | (8.15) | 1.88 | 5.16 | 11.82 | |||
| P4Q | 2.26 | 0.38 | 0.09 | 2.09 | 3.24 | 4.45 | 16.53 | |||
| AFG | 2.31 | 0.58 | 0.18 | 6.75 | 2.36 | 5.53 | 13.94 | |||
| 1HH | 3.63 | 0.42 | 0.08 | (3.98) | 3.98 | 8.11 | 24.61 | |||
| TM5 | 1.63 | 0.11 | 0.02 | (0.26) | 1.70 | 4.92 | 9.04 | |||
| GG7 | 2.06 | 0.86 | 0.41 | 1.74 | 1.21 | 5.79 | 12.27 | |||
| NU42 | 2.22 | (0.76) | 0.00 | (1.54) | 0.00 | 3.70 | 35.15 | |||
| FJZ | 2.78 | 0.49 | 0.11 | (4.18) | 3.39 | 5.77 | 21.12 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Currys PLC 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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Balance Of PowerCheck stock momentum by analyzing Balance Of Power indicator and other technical ratios |
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Currys PLC Corporate Management
Elected by the shareholders, the Currys PLC's board of directors comprises two types of representatives: Currys PLC inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Currys. The board's role is to monitor Currys PLC's management team and ensure that shareholders' interests are well served. Currys PLC'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, Currys PLC's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Fredrik Tonnesen | Nordics Officer | Profile | |
| Alex Baldock | Group Director | Profile | |
| Andy Gamble | Chief Officer | Profile | |
| Jeremy Fennell | Managing Warehouse | Profile | |
| Bruce Marsh | Group Director | Profile | |
| Ed Connolly | Chief Officer | Profile |