Flexopack Socit Correlations

FLEXO Stock  EUR 8.20  0.05  0.61%   
The current 90-days correlation between Flexopack Socit Anonyme and VIS Containers Manufacturing is 0.05 (i.e., Significant diversification). The correlation of Flexopack Socit 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.

Flexopack Socit Correlation With Market

Good diversification

The correlation between Flexopack Socit Anonyme and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Flexopack Socit Anonyme and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Flexopack Socit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Flexopack Socit 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 Flexopack Socit - 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 Flexopack Socit Anonyme to buy it.

Moving against Flexopack Stock

  0.38ELPE Hellenic PetroleumPairCorr
  0.33VIO Viohalco SAPairCorr

Related Correlations Analysis

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

Elected by the shareholders, the Flexopack Socit's board of directors comprises two types of representatives: Flexopack Socit inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Flexopack. The board's role is to monitor Flexopack Socit's management team and ensure that shareholders' interests are well served. Flexopack Socit'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, Flexopack Socit's outside directors are responsible for providing unbiased perspectives on the board's policies.