Montea Comm Correlations

M8E Stock

EUR 68.00 2.30 3.50%

The current 90-days correlation between Montea Comm VA and Superior Plus Corp is -0.07 (i.e., Good diversification). The correlation of Montea Comm 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.

Montea Comm Correlation With Market

Good diversification

The correlation between Montea Comm VA and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Montea Comm VA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Montea Stock

0.69	3I0	REXFORD INDREALTY Earnings Call This Week	Pair Corr
0.73	3L4	GLADSTONE LAND L	Pair Corr

Moving against Montea Stock

0.55	FHL	Federal Home Loan	Pair Corr
0.53	APC	Apple Inc	Pair Corr
0.51	7FZ	INTER CARS SA	Pair Corr
0.35	W8V	Bank of China	Pair Corr
0.62	IC1B	INTERCONT HOTELS	Pair Corr
0.62	06MA	Materialise NV	Pair Corr
0.61	WM1	WILLIAMS SONOMA	Pair Corr
0.61	NWL	NEWELL RUBBERMAID Earnings Call This Week	Pair Corr
0.59	KGZ	KINGBOARD CHEMICAL	Pair Corr
0.57	MEL	Meli Hotels International	Pair Corr
0.55	CAC1	Casio Computer CoLtd Earnings Call This Week	Pair Corr
0.54	IUI1	INTUITIVE SURGICAL	Pair Corr
0.49	SC3	ScanSource Earnings Call This Week	Pair Corr
0.49	SAP	SAP SE	Pair Corr
0.48	ASI1	ASICS P Earnings Call This Week	Pair Corr
0.44	59Q	Indus Gas	Pair Corr
0.44	ECHA	Ecopetrol SA	Pair Corr
0.42	CENN	CENTRICA ADR NEW	Pair Corr
0.4	CBW	CNVISION MEDIA	Pair Corr
0.39	BCV	CVB Financial Corp	Pair Corr
0.37	6GAA	Grupo Aval Acciones	Pair Corr
0.76	TM2	Sydbank AS	Pair Corr
0.74	DVY	DeVry Education Group	Pair Corr
0.74	UAL1	United Airlines Holdings	Pair Corr
0.69	8A2	Altair Engineering	Pair Corr

Related Correlations Analysis

	4GC	8SP	39O1	INVN	IUI1	INL	VOW	RS6	3RKU	VUSA
4GC		0.21	0.84	0.32	-0.49	0.6	-0.79	0.72	-0.54	-0.21	4GC
8SP	0.21		0.34	0.16	-0.17	-0.12	0.0	0.04	-0.09	-0.09	8SP
39O1	0.84	0.34		0.06	-0.68	0.46	-0.51	0.47	-0.7	-0.48	39O1
INVN	0.32	0.16	0.06		0.35	-0.08	-0.32	0.43	0.43	0.65	INVN
IUI1	-0.49	-0.17	-0.68	0.35		-0.25	0.36	0.07	0.82	0.81	IUI1
INL	0.6	-0.12	0.46	-0.08	-0.25		-0.55	0.71	-0.62	-0.27	INL
VOW	-0.79	0.0	-0.51	-0.32	0.36	-0.55		-0.59	0.35	0.02	VOW
RS6	0.72	0.04	0.47	0.43	0.07	0.71	-0.59		-0.17	0.22	RS6
3RKU	-0.54	-0.09	-0.7	0.43	0.82	-0.62	0.35	-0.17		0.86	3RKU
VUSA	-0.21	-0.09	-0.48	0.65	0.81	-0.27	0.02	0.22	0.86		VUSA
	4GC	8SP	39O1	INVN	IUI1	INL	VOW	RS6	3RKU	VUSA

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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

VUSA	+ 0.86	3RKU
39O1	+ 0.84	4GC
3RKU	+ 0.82	IUI1
VUSA	+ 0.81	IUI1
RS6	+ 0.72	4GC
RS6	+ 0.71	INL

High negative correlations

VOW	- 0.79	4GC
3RKU	- 0.7	39O1
IUI1	- 0.68	39O1
3RKU	- 0.62	INL
RS6	- 0.59	VOW
VOW	- 0.55	INL

Risk-Adjusted Indicators

There is a big difference between Montea Stock performing well and Montea Comm 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 Montea Comm'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
4GC	1.23	(0.09)	0.00	1.05	0.00	0.00	2.30	(2.69)	11.08
8SP	1.98	(0.18)	0.00	(0.16)	0.00	0.00	3.05	(4.01)	19.18
39O1	3.37	(0.40)	0.00	(0.37)	0.00	0.00	9.82	(6.25)	29.56
INVN	2.60	0.10	(0.02)	(0.02)	2.90	(2.99)	6.28	(4.84)	14.01
IUI1	1.23	0.21	0.10	0.71	1.25	(1.34)	2.59	(2.16)	11.36
INL	2.51	(0.11)	0.00	(0.11)	0.00	0.00	7.04	(5.34)	16.28
VOW	1.20	0.11	0.00	(0.45)	1.35	(1.27)	2.84	(2.16)	5.55
RS6	1.38	0.08	0.02	0.23	1.42	(1.60)	2.92	(2.60)	15.24
3RKU	1.37	0.90	0.68	50.01	0.00	(2.15)	3.92	(1.28)	9.54
VUSA	0.67	0.12	0.03	(6.14)	0.69	(0.72)	1.37	(1.36)	6.04

Be your own money manager

Our tools can tell you how much better you can do entering a position in Montea Comm 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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Montea Comm Corporate Management

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

Steven Claes	Chief Officer	Profile
Peter Demuynck	Chief Innovation	Profile
Christine Glas	Communication Mang	Profile
Jorg Heirman	S Gen	Profile
Jo BVBA	CEO MD	Profile
Dirk Pauw	Chairman	Profile
Els Vervaecke	Chief Officer	Profile

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