Aquafil SpA Correlations
| ECNLF Stock | USD 1.30 0.51 28.18% |
The current 90-days correlation between Aquafil SpA and Delek Drilling is 0.09 (i.e., Significant diversification). The correlation of Aquafil SpA 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.
Aquafil SpA Correlation With Market
Good diversification
The correlation between Aquafil SpA and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aquafil SpA and DJI in the same portfolio, assuming nothing else is changed.
Aquafil |
The ability to find closely correlated positions to Aquafil SpA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aquafil SpA 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 Aquafil SpA - 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 Aquafil SpA to buy it.
Moving against Aquafil OTC Stock
| 0.66 | TKURF | Tokyu REIT | PairCorr |
| 0.64 | TRYIF | Toray Industries | PairCorr |
| 0.55 | FINN | First National | PairCorr |
| 0.52 | TRYIY | Toray Industries ADR | PairCorr |
| 0.52 | RCAT | Red Cat Holdings Trending | PairCorr |
| 0.4 | CTBB | Qwest Corp NT | PairCorr |
| 0.39 | CTDD | Qwest Corp 6 | PairCorr |
| 0.69 | CRM | Salesforce Earnings Call This Week | PairCorr |
| 0.67 | MSTR | MicroStrategy Incorporated Aggressive Push | PairCorr |
| 0.66 | PYPL | PayPal Holdings | PairCorr |
| 0.6 | SNOW | Snowflake Trending | PairCorr |
| 0.59 | ADSK | Autodesk | PairCorr |
| 0.58 | KTB | Kontoor Brands | PairCorr |
| 0.58 | GVA | Granite Construction | PairCorr |
| 0.57 | CFLT | Confluent | PairCorr |
| 0.53 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.48 | ZG | Zillow Group | PairCorr |
| 0.46 | NDAQ | Nasdaq Inc Normal Trading | PairCorr |
| 0.41 | GM | General Motors | PairCorr |
| 0.7 | LLYVK | Liberty Media | PairCorr |
| 0.64 | NFLX | Netflix Fiscal Year End 28th of January 2025 | PairCorr |
| 0.62 | BKR | Baker Hughes Fiscal Year End 28th of January 2025 | PairCorr |
| 0.61 | SCHW | Charles Schwab Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.59 | SNA | Snap On | PairCorr |
| 0.59 | ET | Energy Transfer LP Aggressive Push | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Aquafil OTC Stock performing well and Aquafil SpA OTC Stock 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 Aquafil SpA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AKTAF | 1.91 | 0.21 | 0.02 | (0.79) | 2.30 | 4.42 | 14.88 | |||
| AMGN | 1.03 | (0.28) | 0.00 | (0.18) | 0.00 | 1.67 | 9.43 | |||
| RIG | 2.57 | (0.19) | 0.00 | 1.60 | 0.00 | 5.19 | 14.43 | |||
| WHTGF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CAHPF | 2.53 | 0.22 | 0.05 | 0.32 | 2.76 | 5.39 | 21.17 | |||
| DKDRF | 0.98 | 0.24 | 0.03 | (1.13) | 1.25 | 3.29 | 17.09 | |||
| TFX | 1.15 | (0.40) | 0.00 | (0.40) | 0.00 | 1.71 | 17.00 | |||
| IRIG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Aquafil SpA 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?
Run Content Syndication Now
Content SyndicationQuickly integrate customizable finance content to your own investment portal |
| All Next | Launch Module |
Aquafil SpA Corporate Management
Elected by the shareholders, the Aquafil SpA's board of directors comprises two types of representatives: Aquafil SpA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aquafil. The board's role is to monitor Aquafil SpA's management team and ensure that shareholders' interests are well served. Aquafil SpA'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, Aquafil SpA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Franco Rossi | Ex Director | Profile | |
| Sasa Muminovic | Exec AquafilSLO | Profile | |
| Karim Tonelli | Investor Board | Profile | |
| Sergio Calliari | Vice Officer | Profile | |
| Giulio Bonazzi | CEO Chairman | Profile | |
| Denis Jahic | Chief Mang | Profile | |
| Andrea Pugnali | Chief USA | Profile |