GrafTech International Correlations

Stocks . Germany . 
Stock . GrafTech International
G6G Stock  EUR 1.55  0.10  6.06%   
The current 90-days correlation between GrafTech International and Evolution Mining Limited is -0.03 (i.e., Good diversification). The correlation of GrafTech International 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.

GrafTech International Correlation With Market

Average diversification

The correlation between GrafTech International and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GrafTech International and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to GrafTech International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GrafTech International 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 GrafTech International - 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 GrafTech International to buy it.

Moving together with GrafTech Stock

  0.85NVAW Delta Electronics PublicPairCorr
  0.8549V VERTIV HOLCL APairCorr
  0.74OSR OSRAM LICHT NPairCorr
  0.833EC Eaton PLCPairCorr
  0.89TM5 T MobilePairCorr
  0.8EMR EMERSON ELECTRICPairCorr
  0.7351KB AVITA MedicalPairCorr
  0.7GTX GentexPairCorr
  0.73ZIM Zimmer Biomet HoldingsPairCorr
  0.71G8L GREENLIGHT CAP REPairCorr
  0.69NSE Nomura HoldingsPairCorr
  0.68H0O REVO INSURANCE SPAPairCorr
  0.666GAA Grupo Aval AccionesPairCorr
  0.73ENR Siemens Energy AGPairCorr
  0.646GAA Grupo Aval AccionesPairCorr
  0.81OM6 OReilly AutomotivePairCorr
  0.7TSFA Taiwan SemiconductorPairCorr

Moving against GrafTech Stock

  0.82BYRA BANK RAKYAT INDPairCorr
  0.8BYRA BANK RAKYAT INDPairCorr
  0.76BYRA PT Bank RakyatPairCorr
  0.73YEC0 YASKAWA ELEC UNSPPairCorr
  0.7BYRA PT Bank RakyatPairCorr
  0.69PQ9 BANK MANDIRIPairCorr
  0.68PQ9 BANK MANDIRIPairCorr
  0.59BZG2 BANK CENTRAL ASIAPairCorr
  0.55PQ9 PT Bank MandiriPairCorr
  0.52703 Alfen NVPairCorr
  0.41BZG2 BANK CENTRAL ASIAPairCorr
  0.4PQ9 BANK MANDIRIPairCorr

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   
TMD0
+ 0.61
FCW3
TMD0
+ 0.56
A1G
FCW3
+ 0.49
A1G
A1G
+ 0.46
WE7
US8
+ 0.41
WE7
SIA1
+ 0.39
FCW3
  
High negative correlations   
US8
- 0.51
TMD0
US8
- 0.43
FCW3
US8
- 0.41
A1G
US8
- 0.2
WIQ
SIA1
- 0.09
WE7
US8
- 0.08
SIA1

Risk-Adjusted Indicators

There is a big difference between GrafTech Stock performing well and GrafTech International 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 GrafTech International'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in GrafTech International 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.

Did you try this?

Run Price Exposure Probability Now

   

Price Exposure Probability

Analyze equity upside and downside potential for a given time horizon across multiple markets
All  Next Launch Module

GrafTech International Corporate Management

Elected by the shareholders, the GrafTech International's board of directors comprises two types of representatives: GrafTech International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of GrafTech. The board's role is to monitor GrafTech International's management team and ensure that shareholders' interests are well served. GrafTech International'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, GrafTech International's outside directors are responsible for providing unbiased perspectives on the board's policies.
Michel DumasIndependent DirectorProfile
Timothy FlanaganVP CFOProfile
Inigo OrtizVP CommercialProfile
Anthony TacconeIndependent DirectorProfile
Leslie DunnIndependent DirectorProfile
Jeremy HalfordSenior Vice President - Operations & DevelopmentProfile
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY