Gerresheimer Correlations

GXI Stock

73.95 1.25 1.66%

The current 90-days correlation between Gerresheimer AG and Superior Plus Corp is -0.24 (i.e., Very good diversification). The correlation of Gerresheimer 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.

Gerresheimer Correlation With Market

Average diversification

The correlation between Gerresheimer AG and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gerresheimer AG and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Gerresheimer Stock

0.81	LYV	Lundin Energy AB	Pair Corr
0.76	OS3	Otello ASA	Pair Corr
0.87	D7GA	NEL ASA ADR30	Pair Corr
0.68	DBPD	Xtrackers ShortDAX	Pair Corr

Moving against Gerresheimer Stock

0.91	HYB	HOYA	Pair Corr
0.72	ESLC	ESSILORLUXOTTICA 12ON	Pair Corr
0.72	ESL	EssilorLuxottica Socit	Pair Corr
0.71	IUI1	Intuitive Surgical	Pair Corr
0.69	SWTF	Intouch Holdings Public	Pair Corr
0.65	SK3	Smurfit Kappa Group	Pair Corr
0.63	DBPE	Xtrackers LevDAX	Pair Corr
0.53	1JU	FATFISH GROUP LTD	Pair Corr
0.53	E908	Lyxor 1	Pair Corr
0.36	B5R	Berkeley Energia	Pair Corr
0.35	RME	ResMed Inc	Pair Corr
0.31	BOX	Becton Dickinson	Pair Corr

Related Correlations Analysis

	BOX	HYB	8SP	6NM	2DG	TLX	2GB	TM9	INVN	IUI1
BOX		0.52	-0.17	-0.03	-0.08	-0.27	0.55	-0.05	0.2	0.2	BOX
HYB	0.52		-0.51	-0.14	-0.6	-0.4	0.59	0.14	0.61	0.51	HYB
8SP	-0.17	-0.51		0.61	0.76	0.13	-0.34	0.3	-0.76	-0.87	8SP
6NM	-0.03	-0.14	0.61		0.24	0.3	0.03	0.2	-0.22	-0.39	6NM
2DG	-0.08	-0.6	0.76	0.24		-0.03	-0.35	0.21	-0.85	-0.89	2DG
TLX	-0.27	-0.4	0.13	0.3	-0.03		-0.16	-0.1	0.07	0.08	TLX
2GB	0.55	0.59	-0.34	0.03	-0.35	-0.16		-0.02	0.47	0.36	2GB
TM9	-0.05	0.14	0.3	0.2	0.21	-0.1	-0.02		-0.13	-0.3	TM9
INVN	0.2	0.61	-0.76	-0.22	-0.85	0.07	0.47	-0.13		0.88	INVN
IUI1	0.2	0.51	-0.87	-0.39	-0.89	0.08	0.36	-0.3	0.88		IUI1
	BOX	HYB	8SP	6NM	2DG	TLX	2GB	TM9	INVN	IUI1

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

IUI1	+ 0.88	INVN
2DG	+ 0.76	8SP
INVN	+ 0.61	HYB
6NM	+ 0.61	8SP
2GB	+ 0.59	HYB
2GB	+ 0.55	BOX

High negative correlations

IUI1	- 0.89	2DG
IUI1	- 0.87	8SP
INVN	- 0.85	2DG
INVN	- 0.76	8SP
2DG	- 0.6	HYB
8SP	- 0.51	HYB

Risk-Adjusted Indicators

There is a big difference between Gerresheimer Stock performing well and Gerresheimer 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 Gerresheimer'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
BOX	1.09	(0.06)	(0.07)	0.02	1.45	(1.45)	2.63	(1.89)	11.26
HYB	2.51	0.63	0.27	0.93	1.85	(3.30)	3.29	(3.33)	58.99
8SP	2.06	(0.09)	0.00	0.29	0.00	0.00	3.36	(4.74)	20.22
6NM	1.25	0.14	(0.01)	(0.31)	1.76	(1.37)	2.89	(2.69)	9.64
2DG	4.16	(1.30)	0.00	(2.09)	0.00	0.00	7.14	(8.57)	52.42
TLX	0.97	0.04	(0.06)	23.18	1.13	(1.12)	2.67	(1.64)	7.58
2GB	1.82	0.02	(0.02)	0.16	2.20	(2.08)	4.28	(3.67)	13.78
TM9	2.83	(0.11)	0.00	(0.18)	0.00	0.00	5.56	(6.43)	36.50
INVN	2.12	0.30	0.06	(1.50)	2.38	(2.54)	5.61	(4.25)	14.01
IUI1	1.27	0.23	0.12	0.83	1.06	(1.50)	3.28	(1.96)	10.30

Be your own money manager

Our tools can tell you how much better you can do entering a position in Gerresheimer 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 Sync Your Broker Now

Sync Your Broker

Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.

All Next

Launch Module

Gerresheimer Corporate Management

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

Lukas Burkhardt	Member Board	Profile
Helmut Schweiger	MD Plant	Profile
Dietmar Siemssen	CEO Board	Profile
Ueli Utzinger	Group Communication	Profile
Katja Schnitzler	Member Board	Profile
Bernd Metzner	CFO Board	Profile
Carolin Nadilo	Co Relations	Profile

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