CEWE Stiftung Correlations

CWC Stock

EUR 102.40 0.80 0.79%

The correlation of CEWE Stiftung 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.

CEWE Stiftung Correlation With Market

Good diversification

The correlation between CEWE Stiftung Co and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CEWE Stiftung Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with CEWE Stock

0.64	4C9	CVS Group plc	Pair Corr
0.95	CWC	CEWE Stiftung	Pair Corr

Moving against CEWE Stock

0.6	BYRA	BANK RAKYAT IND	Pair Corr
0.6	BYRA	BANK RAKYAT IND	Pair Corr
0.43	BYRA	PT Bank Rakyat	Pair Corr
0.32	PQ9	BANK MANDIRI	Pair Corr
0.44	MGA	MAGNA INTL	Pair Corr
0.32	02B	Blackline	Pair Corr
0.32	2BH	HCA Healthcare	Pair Corr
0.32	ABEC	Alphabet	Pair Corr
0.38	LL0	HOVE AS DK	Pair Corr
0.37	PTI	Perusahaan Perseroan	Pair Corr
0.31	0CY	MASI AGRICOLA SPA	Pair Corr

Related Correlations Analysis

	EUH	JAT	DC3A	MMX	A4A	BMT	AP2	ITB
EUH		0.0	1.0	0.0	0.0	0.0	0.0	0.0	EUH
JAT	0.0		0.0	-0.3	0.5	0.95	0.73	0.76	JAT
DC3A	1.0	0.0		0.0	0.0	0.0	0.0	0.0	DC3A
MMX	0.0	-0.3	0.0		0.18	-0.24	0.1	-0.27	MMX
A4A	0.0	0.5	0.0	0.18		0.58	0.66	0.57	A4A
BMT	0.0	0.95	0.0	-0.24	0.58		0.81	0.84	BMT
AP2	0.0	0.73	0.0	0.1	0.66	0.81		0.6	AP2
ITB	0.0	0.76	0.0	-0.27	0.57	0.84	0.6		ITB
	EUH	JAT	DC3A	MMX	A4A	BMT	AP2	ITB

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

DC3A	+ 1.0	EUH
BMT	+ 0.95	JAT
ITB	+ 0.84	BMT
AP2	+ 0.81	BMT
ITB	+ 0.76	JAT
AP2	+ 0.73	JAT

High negative correlations

MMX	- 0.3	JAT
ITB	- 0.27	MMX
BMT	- 0.24	MMX
ITB	- 0.0	DC3A
AP2	- 0.0	DC3A
BMT	- 0.0	DC3A

Risk-Adjusted Indicators

There is a big difference between CEWE Stock performing well and CEWE Stiftung 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 CEWE Stiftung'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
EUH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JAT	1.06	0.22	0.12	1.51	1.01	(1.16)	3.10	(1.52)	7.57
DC3A	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MMX	0.90	0.07	0.00	1.49	1.15	(0.89)	1.86	(2.06)	4.68
A4A	2.49	0.43	0.10	(0.46)	2.50	(3.32)	6.20	(4.35)	20.15
BMT	0.91	0.14	0.08	0.64	0.93	(1.10)	2.38	(1.59)	6.43
AP2	2.45	0.44	0.12	12.61	2.63	(2.73)	5.34	(4.62)	18.54
ITB	0.80	(0.01)	(0.07)	0.01	1.02	(0.79)	1.71	(1.42)	5.34

Be your own money manager

Our tools can tell you how much better you can do entering a position in CEWE Stiftung 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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CEWE Stiftung Corporate Management

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

Carsten Heitkamp	Member Management	Profile
Patrick Berkhouwer	Member Management	Profile
Reiner Fageth	Member Management	Profile
Axel Weber	Planning Relations	Profile
Christian Friege	Chairman CEO	Profile
Christina Leven	Member Board	Profile
Olaf Holzkamper	CFO Management	Profile

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