AP Mller Correlations

Stocks . Germany . 
Stock . AP Mller
DP4A Stock   2,096  68.00  3.35%   
The current 90-days correlation between AP Mller and Pembina Pipeline Corp is -0.02 (i.e., Good diversification). The correlation of AP Mller 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.

AP Mller Correlation With Market

Very poor diversification

The correlation between AP Mller and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AP Mller and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to AP Mller could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AP Mller 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 AP Mller - 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 AP Mller to buy it.

Moving together with DP4A Stock

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Moving against DP4A Stock

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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

TM9
+ 0.87
B2W
TM9
+ 0.75
32P
TM9
+ 0.63
PD0
PD0
+ 0.61
B2W
B2W
+ 0.52
32P
P5P
+ 0.42
B2W
  

High negative correlations

UCE
- 0.5
32P
TM9
- 0.28
UCE
UCE
- 0.18
PD0
P5P
- 0.05
UCE
P5P
- 0.04
PD0

Risk-Adjusted Indicators

There is a big difference between DP4A Stock performing well and AP Mller 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 AP Mller'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 AP Mller 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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AP Mller Corporate Management

Elected by the shareholders, the AP Mller's board of directors comprises two types of representatives: AP Mller inside directors who are chosen from within the company, and outside directors, selected externally and held independent of DP4A. The board's role is to monitor AP Mller's management team and ensure that shareholders' interests are well served. AP Mller'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, AP Mller's outside directors are responsible for providing unbiased perspectives on the board's policies.
Vincent ClercMember VPProfile
Susana ElviraChief OfficerProfile
Signe WagnerHead RelationsProfile
Mikkel LinnetHead RelationsProfile
Katharina PoehlmannSenior StrategyProfile
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