Mediobanca Banca Correlations

MDIBY Stock  USD 16.54  0.02  0.12%   
The correlation of Mediobanca Banca 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.

Mediobanca Banca Correlation With Market

Significant diversification

The correlation between Mediobanca Banca di and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mediobanca Banca di and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Mediobanca Banca could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mediobanca Banca 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 Mediobanca Banca - 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 Mediobanca Banca di to buy it.

Moving together with Mediobanca Pink Sheet

  0.71CIHKY China Merchants BankPairCorr
  0.84BBAS3 Banco do BrasilPairCorr
  0.85BNPQY BNP Paribas SAPairCorr
  0.8BNPQF BNP Paribas SAPairCorr
  0.63GE GE AerospacePairCorr
  0.62MMM 3M CompanyPairCorr

Moving against Mediobanca Pink Sheet

  0.48HDB HDFC Bank Limited Normal TradingPairCorr
  0.42IBN ICICI Bank LimitedPairCorr
  0.38RELIW Reliance Global GroupPairCorr
  0.44DIS Walt Disney Earnings Call This WeekPairCorr
  0.35PG Procter GamblePairCorr

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   
SWDBYISNPY
SWDBYCRZBY
ISNPYSCGLY
CRZBYISNPY
SWDBYSCGLY
CRZBYBNPQY
  
High negative correlations   
ISNPYBBAJF
BBAJFAOZOF
SWDBYBBAJF
SCGLYBBAJF
AIBRFAOZOF
CRZBYBBAJF

Risk-Adjusted Indicators

There is a big difference between Mediobanca Pink Sheet performing well and Mediobanca Banca 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 Mediobanca Banca'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 Mediobanca Banca 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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Mediobanca Banca Corporate Management

Francisco BachillerExec CIBProfile
Ulrich PaefgenVice EuropeProfile
Jessica SpinaHead of Investor RelationsProfile
Clemente RebecchiniHead MangProfile
Antonio GuglielmiHead ResearchProfile
Emanuele FlappiniHead of Company Financial ReportingProfile