Freenet AG Correlations

FNTN Stock   31.50  0.46  1.48%   
The current 90-days correlation between freenet AG and T Mobile is 0.16 (i.e., Average diversification). The correlation of Freenet AG 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.

Freenet AG Correlation With Market

Average diversification

The correlation between freenet AG and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding freenet AG and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Freenet AG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Freenet AG 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 Freenet AG - 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 freenet AG to buy it.

Moving together with Freenet Stock

  0.8TM5 T MobilePairCorr
  0.83SOBA ATT IncPairCorr
  0.82SOBA ATT IncPairCorr
  0.84DTEA Deutsche TelekomPairCorr
  0.86DTE Deutsche TelekomPairCorr
  0.85DTE Deutsche TelekomPairCorr
  0.64XTP Sino AGPairCorr
  0.749EE ZINZINO AB BPairCorr
  0.79Y2 LABOCANNA SA ZYPairCorr

Moving against Freenet Stock

  0.48NTT Nippon TelegraphPairCorr
  0.46NLV Nippon TelegraphPairCorr

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   
SOBASOBA
DTEDTEA
DTEDTE
DTEDTEA
DTESOBA
DTESOBA
  
High negative correlations   
NLVDTE
NTTDTE
NLVDTE
NTTDTE
NTTDTEA
NLVSOBA

Risk-Adjusted Indicators

There is a big difference between Freenet Stock performing well and Freenet AG 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 Freenet AG'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TM5  1.33  0.24  0.12  1.23  1.83 
 2.15 
 9.83 
CTM  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
BAC  0.89  0.07  0.08  0.31  0.92 
 2.38 
 4.90 
SOBA  0.99  0.27  0.24  1.41  0.89 
 2.80 
 9.20 
SOBA  0.97  0.25  0.25  2.21  0.72 
 2.59 
 8.15 
DTEA  1.41  0.28  0.14  6.22  1.55 
 2.74 
 10.67 
DTE  0.82  0.24  0.19  5.11  0.98 
 1.52 
 6.20 
DTE  0.78  0.30  0.26  48.35  0.86 
 1.61 
 5.97 
NTT  0.98 (0.02) 0.00  0.08  0.00 
 2.13 
 7.55 
NLV  0.80 (0.03) 0.00 (0.08) 0.00 
 1.75 
 4.36 

Be your own money manager

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

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