GEA Grenobl Correlations
| GEA Stock | EUR 83.50 0.50 0.60% |
The current 90-days correlation between GEA Grenobl Elect and Graines Voltz SA is -0.09 (i.e., Good diversification). The correlation of GEA Grenobl 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.
GEA Grenobl Correlation With Market
Good diversification
The correlation between GEA Grenobl Elect and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GEA Grenobl Elect and DJI in the same portfolio, assuming nothing else is changed.
GEA |
The ability to find closely correlated positions to GEA Grenobl could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GEA Grenobl 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 GEA Grenobl - 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 GEA Grenobl Elect to buy it.
Moving together with GEA Stock
| 0.65 | TTE | TotalEnergies SE | PairCorr |
| 0.82 | CS | AXA SA Earnings Call Tomorrow | PairCorr |
| 0.72 | MC | LVMH Mot Hennessy | PairCorr |
| 0.68 | CDI | Christian Dior SE | PairCorr |
| 0.78 | DG | Vinci SA | PairCorr |
| 0.85 | DSY | Dassault Systemes | PairCorr |
| 0.67 | CRI | Chargeurs SA | PairCorr |
| 0.73 | MMT | Mtropole Tlvision | PairCorr |
| 0.69 | ALTA | Altarea SCA | PairCorr |
| 0.8 | ATE | Alten SA | PairCorr |
| 0.63 | CLARI | Clariane SE | PairCorr |
| 0.87 | RMS | Hermes International SCA | PairCorr |
| 0.67 | ALESK | Esker SA | PairCorr |
| 0.75 | S30 | Solutions 30 SE | PairCorr |
| 0.86 | MTU | Manitou BF SA Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 0.42 | 0.0 | 0.29 | -0.47 | GRVO | ||
| 0.42 | -0.12 | 0.06 | -0.06 | LIN | ||
| 0.0 | -0.12 | -0.26 | 0.25 | ALGEV | ||
| 0.29 | 0.06 | -0.26 | -0.79 | LACR | ||
| -0.47 | -0.06 | 0.25 | -0.79 | ELEC | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between GEA Stock performing well and GEA Grenobl 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 GEA Grenobl'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GRVO | 2.45 | (0.08) | 0.00 | (0.58) | 0.00 | 6.37 | 20.45 | |||
| LIN | 1.39 | 0.02 | 0.01 | (0.06) | 1.83 | 3.06 | 9.97 | |||
| ALGEV | 1.07 | 0.03 | 0.01 | (0.05) | 1.25 | 3.19 | 9.58 | |||
| LACR | 1.61 | (0.37) | 0.00 | (6.39) | 0.00 | 3.34 | 17.82 | |||
| ELEC | 0.80 | 0.35 | 0.51 | 21.02 | 0.00 | 2.64 | 5.76 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in GEA Grenobl 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?
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