Klckner Co Correlations

Pink Sheets . USA . 
Stock . Klckner Co SE
KLKNF Stock  USD 4.60  0.00  0.00%   
The current 90-days correlation between Klckner Co SE and Cleveland Cliffs is -0.04 (i.e., Good diversification). The correlation of Klckner Co 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.

Klckner Co Correlation With Market

Significant diversification

The correlation between Klckner Co SE and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Klckner Co SE and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Klckner Co could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Klckner Co 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 Klckner Co - 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 Klckner Co SE to buy it.

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Moving against Klckner Pink Sheet

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Klckner Pink Sheet performing well and Klckner Co 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 Klckner Co'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 Klckner Co 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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Klckner Co Corporate Management

Christian PokroppHead of Investor Relations and Corporate CommunicationsProfile
George IIICOO AmericasProfile
Ricardo SousaCEO kloeckneriProfile
Bernhard WeiCEO BoardProfile
Felix SchmitzInternal RelationsProfile
Guido KerkhoffChairman CEOProfile
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