Euronext Correlations

ERNXY Stock

USD 28.06 0.78 2.86%

The current 90-days correlation between Euronext NV and Bank Central Asia is 0.14 (i.e., Average diversification). The correlation of Euronext 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.

Euronext Correlation With Market

Very good diversification

The correlation between Euronext NV and DJI is -0.5 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Euronext NV and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Euronext Pink Sheet

0.59	THO	Thor Industries	Pair Corr
0.58	NEWTH	NewtekOne 8625 percent	Pair Corr
0.53	SECVY	Seche Environnement	Pair Corr
0.49	PGEZF	Group Ten Metals	Pair Corr
0.48	ICE	Intercontinental Exchange	Pair Corr
0.44	SCAGW	Scage Future Warrants	Pair Corr
0.43	BNKHF	BOC Hong Kong	Pair Corr
0.37	CME	CME Group	Pair Corr
0.37	MSCI	MSCI Inc	Pair Corr
0.64	AROC	Archrock Symbol Change	Pair Corr
0.63	TFLM	TFLM	Pair Corr
0.62	ENS	Enersys Earnings Call This Week	Pair Corr
0.61	APETF	Alpha Esports Tech	Pair Corr
0.59	YLLXF	Yellow Cake plc	Pair Corr
0.58	OBYCF	Obayashi Earnings Call This Week	Pair Corr
0.55	RCKY	Rocky Brands	Pair Corr
0.55	RILYL	B Riley Financial	Pair Corr
0.49	FIBK	First Interstate Ban Normal Trading	Pair Corr
0.48	NFG	National Fuel Gas	Pair Corr
0.31	CRH	CRH PLC ADR	Pair Corr

Related Correlations Analysis

	HKXCY	HKXCF	LNSTY	LDNXF	DBOEY	DBOEF	LLDTF	INGVF	ANZGY	PBCRY
HKXCY		0.9	0.68	0.31	-0.56	-0.58	0.32	0.27	0.36	-0.17	HKXCY
HKXCF	0.9		0.62	0.26	-0.54	-0.54	0.3	0.24	0.32	-0.18	HKXCF
LNSTY	0.68	0.62		0.59	-0.4	-0.41	0.09	-0.02	0.1	0.14	LNSTY
LDNXF	0.31	0.26	0.59		0.16	0.1	-0.19	-0.2	-0.26	0.32	LDNXF
DBOEY	-0.56	-0.54	-0.4	0.16		0.88	-0.07	-0.05	-0.13	-0.05	DBOEY
DBOEF	-0.58	-0.54	-0.41	0.1	0.88		-0.1	-0.16	-0.24	0.0	DBOEF
LLDTF	0.32	0.3	0.09	-0.19	-0.07	-0.1		0.78	0.8	-0.81	LLDTF
INGVF	0.27	0.24	-0.02	-0.2	-0.05	-0.16	0.78		0.78	-0.8	INGVF
ANZGY	0.36	0.32	0.1	-0.26	-0.13	-0.24	0.8	0.78		-0.82	ANZGY
PBCRY	-0.17	-0.18	0.14	0.32	-0.05	0.0	-0.81	-0.8	-0.82		PBCRY
	HKXCY	HKXCF	LNSTY	LDNXF	DBOEY	DBOEF	LLDTF	INGVF	ANZGY	PBCRY

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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

HKXCF	+ 0.9	HKXCY
DBOEF	+ 0.88	DBOEY
ANZGY	+ 0.8	LLDTF
INGVF	+ 0.78	LLDTF
ANZGY	+ 0.78	INGVF
LNSTY	+ 0.68	HKXCY

High negative correlations

PBCRY	- 0.82	ANZGY
PBCRY	- 0.81	LLDTF
PBCRY	- 0.8	INGVF
DBOEF	- 0.58	HKXCY
DBOEY	- 0.56	HKXCY
DBOEF	- 0.54	HKXCF

Risk-Adjusted Indicators

There is a big difference between Euronext Pink Sheet performing well and Euronext 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 Euronext'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
HKXCY	0.95	(0.11)	0.00	(0.07)	0.00	0.00	1.97	(1.81)	5.91
HKXCF	2.01	(0.06)	0.00	(0.04)	0.00	0.00	4.69	(3.83)	11.48
LNSTY	1.23	(0.26)	0.00	(1.24)	0.00	0.00	2.55	(2.64)	7.36
LDNXF	1.81	(0.38)	0.00	(0.49)	0.00	0.00	3.29	(3.63)	16.14
DBOEY	1.30	(0.01)	(0.04)	0.05	1.64	(1.45)	3.15	(2.78)	9.71
DBOEF	1.40	0.03	(0.01)	0.18	1.89	(1.61)	3.30	(2.54)	11.09
LLDTF	2.49	0.33	0.04	(0.89)	2.76	(6.17)	10.40	(5.51)	24.58
INGVF	1.12	0.26	0.02	(0.33)	1.68	(3.05)	3.92	(3.33)	12.39
ANZGY	0.98	0.09	0.05	0.20	1.30	(1.03)	1.90	(1.93)	7.31
PBCRY	1.10	(0.20)	0.00	(0.53)	0.00	0.00	1.63	(2.49)	7.27

Be your own money manager

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

Vincent Dessel	Member Brussels	Profile
Isabel Ucha	CEO Board	Profile
Simone Veld	CEO Board	Profile
Stphane Boujnah	Chairman CEO	Profile
Anthony Attia	Global Trade	Profile
Delphine dAmarzit	CEO Board	Profile
Giorgio Modica	Chief Officer	Profile

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