Deceuninck Correlations

Stocks . Belgium . 
Stock . Deceuninck
DECB Stock  EUR 2.46  0.02  0.82%   
The current 90-days correlation between Deceuninck and Compagnie d Entreprises is -0.1 (i.e., Good diversification). The correlation of Deceuninck 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.

Deceuninck Correlation With Market

Very poor diversification

The correlation between Deceuninck and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deceuninck and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Deceuninck could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Deceuninck 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 Deceuninck - 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 Deceuninck to buy it.

Moving together with Deceuninck Stock

  0.72ABI Anheuser Busch InbevPairCorr
  0.76ELI Elia Group SANVPairCorr
  0.8GBLB Groep Brussel LambertPairCorr
  0.72AGS ageas SANVPairCorr
  0.89PROX Proximus NVPairCorr
  0.88BPOST Bpost NVPairCorr
  0.75CENER Cenergy HoldingsPairCorr
  0.77WEB Warehouses EstatesPairCorr
  0.93RECT RecticelPairCorr
  0.68CMBT CMBTECH NVPairCorr
  0.78LOTB Lotus BakeriesPairCorr
  0.72MCC Immo Mcc NVPairCorr
  0.83SIP Sipef NVPairCorr
  0.68SPA Socit de ServicesPairCorr
  0.79TINC TINC Comm VAPairCorr
  0.86TUB Tubize FinPairCorr
  0.74KBC KBC Groep NVPairCorr
  0.7COFB Cofinimmo SA Earnings Call This WeekPairCorr
  0.8CAND Candela Invest SAPairCorr
  0.73DEME DEME Group NVPairCorr
  0.82SCHD Scheerders van KerchovesPairCorr
  0.66NEXTA Nextensa NVPairCorr
  0.76EKOP Ekopak BVPairCorr
  0.68KBCA KBC AncoraPairCorr
  0.64UMI Umicore SA Earnings Call This WeekPairCorr
  0.85BEKB NV Bekaert SAPairCorr

Moving against Deceuninck Stock

  0.57DIEG Immolease Trust NVPairCorr

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

ROCK
+ 0.88
BPOST
FLOB
+ 0.87
ROCK
ABO
+ 0.78
AGFB
CFEB
+ 0.77
MOUR
FLOB
+ 0.74
BPOST
JEN
+ 0.69
BPOST
  

High negative correlations

ROCK
- 0.74
ABO
ABO
- 0.74
BPOST
AGFB
- 0.72
BPOST
FLOB
- 0.67
ABO
ROCK
- 0.65
AGFB
FLOB
- 0.46
AGFB

Risk-Adjusted Indicators

There is a big difference between Deceuninck Stock performing well and Deceuninck 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 Deceuninck'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.

Be your own money manager

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

Elected by the shareholders, the Deceuninck's board of directors comprises two types of representatives: Deceuninck inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Deceuninck. The board's role is to monitor Deceuninck's management team and ensure that shareholders' interests are well served. Deceuninck'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, Deceuninck's outside directors are responsible for providing unbiased perspectives on the board's policies.
Bruno HumbletGroup DirectorProfile
Serge PiceuGroup OfficerProfile
Dries MoorsCOO GroupProfile
Filip LevrauIT Manager GroupProfile
Bert CastelGroup Treasury ManagerProfile
Joren KnockaertChief AmericaProfile
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