Flughafen Zürich Correlations
| FLGZY Stock | USD 8.86 0.39 4.22% |
The current 90-days correlation between Flughafen Zrich AG and Grupo Aeroportuario del is 0.02 (i.e., Significant diversification). The correlation of Flughafen Zürich 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.
Flughafen Zürich Correlation With Market
Modest diversification
The correlation between Flughafen Zrich AG and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Flughafen Zrich AG and DJI in the same portfolio, assuming nothing else is changed.
Flughafen |
The ability to find closely correlated positions to Flughafen Zürich could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Flughafen Zürich 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 Flughafen Zürich - 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 Flughafen Zrich AG to buy it.
Moving together with Flughafen Pink Sheet
| 0.61 | VLKAF | Volkswagen AG | PairCorr |
| 0.67 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.64 | VWAPY | Volkswagen AG Pref | PairCorr |
Moving against Flughafen Pink Sheet
| 0.51 | AMZN | Amazon Inc | PairCorr |
| 0.48 | WMT | Walmart Aggressive Push | PairCorr |
| 0.47 | PAC | Grupo Aeroportuario del | PairCorr |
| 0.63 | FVRR | Fiverr International | PairCorr |
| 0.62 | TPB | Turning Point Brands | PairCorr |
| 0.59 | ALLT | Allot Communications Tech Boost | PairCorr |
| 0.52 | COIN | Coinbase Global | PairCorr |
| 0.48 | COF | Capital One Financial Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.47 | AAL | American Airlines Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.46 | UVV | Universal | PairCorr |
| 0.45 | RIOT | Riot Blockchain | PairCorr |
| 0.41 | SNOW | Snowflake Trending | PairCorr |
| 0.38 | TDY | Teledyne Technologies Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.36 | T | ATT Inc Aggressive Push | PairCorr |
| 0.63 | ENSC | Ensysce Biosciences | PairCorr |
| 0.59 | ACHR | Archer Aviation Trending | PairCorr |
| 0.57 | TSLA | Tesla Inc Aggressive Push | PairCorr |
| 0.57 | SOFI | SoFi Technologies Aggressive Push | PairCorr |
| 0.54 | IMBBY | Imperial Brands PLC | PairCorr |
| 0.52 | SOUN | SoundHound AI Upward Rally | 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
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Risk-Adjusted Indicators
There is a big difference between Flughafen Pink Sheet performing well and Flughafen Zürich 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 Flughafen Zürich'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ASR | 1.22 | (0.09) | 0.00 | (0.05) | 0.00 | 2.79 | 8.13 | |||
| PAC | 1.61 | 0.19 | 0.08 | 0.46 | 1.78 | 4.44 | 13.22 | |||
| CAAP | 1.82 | 0.29 | 0.10 | 0.74 | 1.88 | 4.29 | 14.36 | |||
| ASLE | 2.28 | 0.22 | 0.11 | 0.25 | 2.35 | 6.59 | 15.01 | |||
| AIPUY | 3.07 | 0.31 | 0.01 | (0.36) | 4.17 | 7.43 | 32.17 | |||
| AUKNY | 1.18 | (0.01) | (0.04) | 0.01 | 1.72 | 2.52 | 12.48 | |||
| ANNSF | 0.68 | 0.06 | (0.04) | 0.47 | 0.64 | 1.74 | 5.37 |
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Flughafen Zürich Corporate Management
| Daniel Bircher | Chief Board | Profile | |
| Manuela Staub | Chief Board | Profile | |
| Stephan Widrig | CEO Board | Profile | |
| Lydia Naef | Chief Board | Profile | |
| Stefan Gross | Chief Board | Profile | |
| Pr Egli | G Counsel | Profile | |
| Stefan Tschudin | COO Board | Profile |