Frey SA Correlations

FREY Stock

EUR 31.20 0.20 0.65%

The current 90-days correlation between Frey SA and Mercialys SA is -0.18 (i.e., Good diversification). The correlation of Frey SA 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.

Frey SA Correlation With Market

Poor diversification

The correlation between Frey SA and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Frey SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Frey Stock

0.81	TAYN	Societe de Tayninh	Pair Corr
0.73	ABCA	ABC arbitrage SA	Pair Corr
0.84	FII	Lisi SA	Pair Corr
0.85	CA	Carrefour SA	Pair Corr
0.89	ALHG	Louis HachEtte Group	Pair Corr
0.94	ORA	Orange SA	Pair Corr
0.78	FNAC	Fnac Darty SA	Pair Corr
0.81	EFG	Eagle Football Group	Pair Corr
0.78	KOF	Kaufman Et Broad	Pair Corr
0.76	MTU	Manitou BF SA	Pair Corr
0.85	BAIN	Bains Mer Monaco	Pair Corr
0.78	CCN	Caisse Regionale	Pair Corr
0.68	ALPJT	Poujoulat SA	Pair Corr
0.8	ALAVI	AdVini SA	Pair Corr
0.8	IVA	Inventiva SA	Pair Corr
0.7	AI	Air Liquide SA	Pair Corr
0.81	BB	Socit BIC SA	Pair Corr
0.8	MLAA	L Agence Automobiliere	Pair Corr
0.9	ALPOU	Poulaillon SA	Pair Corr
0.83	RXL	Rexel SA	Pair Corr
0.9	AM	Dassault Aviation Earnings Call Tomorrow	Pair Corr

Moving against Frey Stock

0.64	LTA	Altamir SCA	Pair Corr
0.51	LEBL	Foncire 7 investissement	Pair Corr
0.31	ALMET	Methanor	Pair Corr
0.76	ALVER	Vergnet Split	Pair Corr

Related Correlations Analysis

	MERY	AREIT	BASS	PAT	EIFF	SELER	INEA	IMDA	NXI	ORIA
MERY		0.9	0.2	0.36	-0.51	-0.4	0.48	0.01	0.14	-0.08	MERY
AREIT	0.9		0.28	0.31	-0.45	-0.16	0.4	-0.05	0.24	-0.2	AREIT
BASS	0.2	0.28		0.52	-0.47	-0.19	0.44	0.04	0.25	0.22	BASS
PAT	0.36	0.31	0.52		-0.47	-0.27	0.41	-0.15	0.06	-0.08	PAT
EIFF	-0.51	-0.45	-0.47	-0.47		0.36	-0.79	-0.06	0.0	-0.51	EIFF
SELER	-0.4	-0.16	-0.19	-0.27	0.36		-0.55	-0.48	0.22	-0.47	SELER
INEA	0.48	0.4	0.44	0.41	-0.79	-0.55		0.27	-0.04	0.52	INEA
IMDA	0.01	-0.05	0.04	-0.15	-0.06	-0.48	0.27		-0.23	0.45	IMDA
NXI	0.14	0.24	0.25	0.06	0.0	0.22	-0.04	-0.23		-0.2	NXI
ORIA	-0.08	-0.2	0.22	-0.08	-0.51	-0.47	0.52	0.45	-0.2		ORIA
	MERY	AREIT	BASS	PAT	EIFF	SELER	INEA	IMDA	NXI	ORIA

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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

AREIT	+ 0.9	MERY
PAT	+ 0.52	BASS
ORIA	+ 0.52	INEA
INEA	+ 0.48	MERY
ORIA	+ 0.45	IMDA
INEA	+ 0.44	BASS

High negative correlations

INEA	- 0.79	EIFF
INEA	- 0.55	SELER
ORIA	- 0.51	EIFF
EIFF	- 0.51	MERY
IMDA	- 0.48	SELER
ORIA	- 0.47	SELER

Risk-Adjusted Indicators

There is a big difference between Frey Stock performing well and Frey SA 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 Frey SA'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
MERY	0.81	0.17	0.10	1.31	0.82	(0.93)	1.48	(1.32)	5.34
AREIT	0.48	0.16	0.00	0.94	0.00	0.00	2.83	0.00	5.56
BASS	1.69	0.04	(0.01)	0.22	1.97	(1.86)	4.09	(3.47)	9.97
PAT	0.54	0.00	(0.06)	0.15	0.75	(0.90)	1.71	(1.71)	4.28
EIFF	0.96	(0.15)	0.00	(5.84)	0.00	0.00	1.64	(2.52)	5.62
SELER	0.29	(0.06)	0.00	(1.35)	0.00	0.00	0.61	(1.22)	3.03
INEA	0.48	0.11	0.05	0.95	0.43	(0.72)	1.21	(1.20)	3.85
IMDA	0.87	0.04	(0.02)	1.11	0.98	(1.24)	2.01	(1.57)	8.67
NXI	1.86	0.00	(0.03)	0.05	2.25	(2.20)	4.26	(3.25)	22.88
ORIA	0.59	0.02	(0.03)	0.21	0.70	(1.12)	1.20	(1.16)	5.23

Be your own money manager

Our tools can tell you how much better you can do entering a position in Frey SA 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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