Eurofins Scientific Correlations
| ERF Stock | EUR 46.96 0.60 1.29% |
The current 90-days correlation between Eurofins Scientific and Sartorius Stedim Biotech is 0.42 (i.e., Very weak diversification). The correlation of Eurofins Scientific 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.
Eurofins Scientific Correlation With Market
Average diversification
The correlation between Eurofins Scientific SE and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eurofins Scientific SE and DJI in the same portfolio, assuming nothing else is changed.
Eurofins |
The ability to find closely correlated positions to Eurofins Scientific could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eurofins Scientific 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 Eurofins Scientific - 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 Eurofins Scientific SE to buy it.
Moving together with Eurofins Stock
Moving against Eurofins Stock
| 0.86 | CRSU | Caisse Regionale | PairCorr |
| 0.75 | GLE | Societe Generale | PairCorr |
| 0.46 | AREIT | Altareit | PairCorr |
| 0.43 | AM | Dassault Aviation | PairCorr |
Related Correlations Analysis
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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 Eurofins Stock performing well and Eurofins Scientific 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 Eurofins Scientific'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DIM | 1.98 | (0.07) | 0.00 | (0.04) | 0.00 | 4.75 | 24.38 | |||
| TEP | 1.80 | (0.25) | 0.00 | (1.00) | 0.00 | 2.89 | 15.98 | |||
| BIM | 0.93 | (0.13) | 0.00 | (0.80) | 0.00 | 1.58 | 8.30 | |||
| DSY | 1.21 | (0.16) | 0.00 | (0.16) | 0.00 | 2.46 | 7.02 | |||
| WLN | 2.66 | (0.22) | 0.00 | 0.39 | 0.00 | 5.64 | 17.99 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Eurofins Scientific 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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Eurofins Scientific Corporate Management
Elected by the shareholders, the Eurofins Scientific's board of directors comprises two types of representatives: Eurofins Scientific inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Eurofins. The board's role is to monitor Eurofins Scientific's management team and ensure that shareholders' interests are well served. Eurofins Scientific'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, Eurofins Scientific's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Gilles Martin | Chairman CEO | Profile | |
| David Bryant | Sr America | Profile | |
| Yvoine Remy | VP Europe | Profile | |
| Rajesh Saigal | Ex Asia | Profile | |
| Laurent Lebras | Group Director | Profile | |
| Sandra Hoeylaerts | Chief Officer | Profile | |
| Joachim Reichelt | VP Europe | Profile |