Gesundheitswelt Chiemgau Correlations
| JTH Stock | EUR 12.40 0.20 1.64% |
The current 90-days correlation between Gesundheitswelt Chiemgau and CVS Group plc is -0.15 (i.e., Good diversification). The correlation of Gesundheitswelt Chiemgau 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.
Gesundheitswelt Chiemgau Correlation With Market
Very good diversification
The correlation between Gesundheitswelt Chiemgau AG and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gesundheitswelt Chiemgau AG and DJI in the same portfolio, assuming nothing else is changed.
Gesundheitswelt |
The ability to find closely correlated positions to Gesundheitswelt Chiemgau could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gesundheitswelt Chiemgau 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 Gesundheitswelt Chiemgau - 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 Gesundheitswelt Chiemgau AG to buy it.
Moving against Gesundheitswelt Stock
| 0.56 | SVC | Service International | PairCorr |
| 0.52 | 3I5 | Frontdoor | PairCorr |
| 0.46 | 3YT | BOYD GROUP SERVICES | PairCorr |
| 0.44 | 74F | LIFE BANC SPLIT | PairCorr |
| 0.44 | 8II | PLAYTIKA HOLDING | PairCorr |
| 0.41 | BN9 | The Bank | PairCorr |
| 0.32 | SAP | SAP SE | PairCorr |
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
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Risk-Adjusted Indicators
There is a big difference between Gesundheitswelt Stock performing well and Gesundheitswelt Chiemgau 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 Gesundheitswelt Chiemgau'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SVC | 1.00 | 0.27 | 0.12 | (0.79) | 0.75 | 2.21 | 6.30 | |||
| BHA | 1.12 | (0.17) | 0.00 | 0.46 | 0.00 | 1.98 | 8.33 | |||
| 3YT | 1.09 | (0.09) | 0.00 | 2.90 | 0.00 | 2.00 | 6.13 | |||
| 3I5 | 1.62 | 0.24 | 0.14 | 0.31 | 1.49 | 3.96 | 12.46 | |||
| 4C9 | 2.14 | (0.23) | 0.00 | 0.39 | 0.00 | 5.34 | 12.75 | |||
| JTH | 0.53 | 0.07 | (0.03) | (0.03) | 1.05 | 1.64 | 13.37 | |||
| CWC | 0.83 | (0.02) | 0.00 | (0.16) | 0.00 | 1.76 | 5.44 | |||
| CWC | 0.88 | (0.06) | 0.00 | (0.25) | 0.00 | 1.94 | 5.14 | |||
| 49U | 1.01 | (0.32) | 0.00 | (20.06) | 0.00 | 2.35 | 9.52 |
Be your own money manager
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Gesundheitswelt Chiemgau Corporate Management
Elected by the shareholders, the Gesundheitswelt Chiemgau's board of directors comprises two types of representatives: Gesundheitswelt Chiemgau inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Gesundheitswelt. The board's role is to monitor Gesundheitswelt Chiemgau's management team and ensure that shareholders' interests are well served. Gesundheitswelt Chiemgau'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, Gesundheitswelt Chiemgau's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Brigitte Schorsten | Head Department | Profile | |
| Melanie Tarantik | Head Purchasing | Profile | |
| Ingrid Dangl | Head Department | Profile | |
| Dietolf DiplKfm | CEO Board | Profile | |
| Gerhard Niedermeier | Head Management | Profile | |
| Max Schiffl | Head Resource | Profile | |
| Ingrid Huber | Head Park | Profile |