Leonteq AG Correlations
| LEON Stock | CHF 11.54 0.16 1.37% |
The current 90-days correlation between Leonteq AG and Glarner Kantonalbank is 0.1 (i.e., Average diversification). The correlation of Leonteq AG 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.
Leonteq AG Correlation With Market
Very good diversification
The correlation between Leonteq AG and DJI is -0.28 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Leonteq AG and DJI in the same portfolio, assuming nothing else is changed.
Leonteq |
The ability to find closely correlated positions to Leonteq AG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Leonteq AG 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 Leonteq AG - 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 Leonteq AG to buy it.
Moving against Leonteq Stock
| 0.52 | BUCN | Bucher Industries | PairCorr |
| 0.51 | AVOL | Avolta AG | PairCorr |
| 0.37 | ABBN | ABB | PairCorr |
| 0.36 | NIBEB | NIBE Industrier AB | PairCorr |
| 0.35 | FHZN | Flughafen Zurich | PairCorr |
| 0.53 | ARBN | Arbonia AG | PairCorr |
| 0.45 | ZEHN | Zehnder | PairCorr |
| 0.41 | TKBP | Thurgauer Kantonalbank Earnings Call Tomorrow | PairCorr |
| 0.39 | IMPN | Implenia AG | PairCorr |
| 0.38 | DKSH | DKSH Holding AG Earnings Call Today | PairCorr |
| 0.36 | FORN | Forbo Holding AG | PairCorr |
| 0.34 | SDZ | Sandoz Group AG | PairCorr |
| 0.32 | BCHN | Burckhardt Compression | PairCorr |
| 0.31 | CLN | Clariant AG | PairCorr |
Related Correlations Analysis
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 Leonteq Stock performing well and Leonteq AG 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 Leonteq AG'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GLKBN | 0.57 | 0.14 | 0.08 | (3.87) | 0.46 | 1.35 | 5.22 | |||
| HBLN | 0.75 | 0.01 | (0.05) | (0.03) | 0.89 | 1.50 | 3.48 | |||
| GAM | 2.97 | (0.46) | 0.00 | (1.07) | 0.00 | 7.69 | 25.10 | |||
| PEHN | 1.01 | 0.01 | (0.04) | 0.00 | 1.15 | 3.17 | 6.45 | |||
| BBN | 1.93 | 0.35 | 0.13 | 0.79 | 2.08 | 4.83 | 13.02 | |||
| SNBN | 1.32 | (0.06) | 0.00 | 0.20 | 0.00 | 2.23 | 7.30 | |||
| BCJ | 1.57 | 0.31 | 0.08 | (1.22) | 1.62 | 4.32 | 10.65 | |||
| ALPN | 0.62 | 0.06 | (0.02) | (0.16) | 0.57 | 1.69 | 3.97 | |||
| NBEN | 1.04 | (0.02) | (0.03) | 0.00 | 1.21 | 2.56 | 6.59 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Leonteq AG 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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Leonteq AG Corporate Management
Elected by the shareholders, the Leonteq AG's board of directors comprises two types of representatives: Leonteq AG inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Leonteq. The board's role is to monitor Leonteq AG's management team and ensure that shareholders' interests are well served. Leonteq AG'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, Leonteq AG's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Manish Patnaik | Chief Officer | Profile | |
| Jasmin KoelblVogt | General Counsel | Profile | |
| Hans Widler | Chief Officer | Profile | |
| Lukas Ruflin | Chief Officer | Profile | |
| Dominik Ruggli | Communication Relations | Profile | |
| Dennis Wan | CEO Sales | Profile | |
| Isabelle Hauser | Head Resources | Profile |