Mevaco SA Correlations
| MEVA Stock | EUR 9.55 0.05 0.52% |
The current 90-days correlation between Mevaco SA and Elastron SA is 0.11 (i.e., Average diversification). The correlation of Mevaco SA 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.
Mevaco SA Correlation With Market
Very weak diversification
The correlation between Mevaco SA and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mevaco SA and DJI in the same portfolio, assuming nothing else is changed.
Mevaco |
The ability to find closely correlated positions to Mevaco SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mevaco SA 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 Mevaco SA - 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 Mevaco SA to buy it.
Moving together with Mevaco Stock
| 0.68 | TELL | Bank of Greece | PairCorr |
| 0.88 | PPC | Public Power | PairCorr |
| 0.63 | TPEIR | Piraeus Financial | PairCorr |
| 0.62 | EUROB | Eurobank Ergasias | PairCorr |
| 0.91 | MOH | Motor Oil Corinth | PairCorr |
| 0.71 | AKTR | AKTR | PairCorr |
| 0.66 | ELHA | Elvalhalcor Hellenic | PairCorr |
| 0.78 | TRASTOR | Trastor Real Estate | PairCorr |
| 0.61 | EKTER | Ekter SA | PairCorr |
| 0.71 | INKAT | Intracom Constructions | PairCorr |
| 0.83 | ALPHA | Alpha Services | PairCorr |
| 0.88 | KRI | Kri Kri Milk | PairCorr |
| 0.72 | CENER | Cenergy Holdings | PairCorr |
Moving against Mevaco Stock
Related Correlations Analysis
| -0.55 | 0.38 | -0.64 | 0.07 | 0.64 | ELSTR | ||
| -0.55 | -0.26 | 0.64 | 0.14 | -0.71 | DAIOS | ||
| 0.38 | -0.26 | 0.0 | -0.46 | 0.13 | ELTON | ||
| -0.64 | 0.64 | 0.0 | -0.04 | -0.83 | LEBEK | ||
| 0.07 | 0.14 | -0.46 | -0.04 | -0.08 | AKRIT | ||
| 0.64 | -0.71 | 0.13 | -0.83 | -0.08 | ALMY | ||
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Mevaco Stock performing well and Mevaco SA 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 Mevaco SA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ELSTR | 0.92 | (0.03) | 0.00 | (0.10) | 0.00 | 1.69 | 6.12 | |||
| DAIOS | 0.98 | (0.25) | 0.00 | 4.44 | 0.00 | 1.43 | 6.04 | |||
| ELTON | 1.15 | (0.02) | (0.05) | (0.02) | 1.23 | 3.13 | 8.53 | |||
| LEBEK | 1.88 | (0.32) | 0.00 | (0.61) | 0.00 | 7.14 | 19.72 | |||
| AKRIT | 1.11 | (0.09) | 0.00 | 3.37 | 0.00 | 2.91 | 16.52 | |||
| ALMY | 1.40 | 0.37 | 0.23 | 1.49 | 1.07 | 4.37 | 10.11 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Mevaco SA 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?
Run Portfolio File Import Now
Portfolio File ImportQuickly import all of your third-party portfolios from your local drive in csv format |
| All Next | Launch Module |
Mevaco SA Corporate Management
Elected by the shareholders, the Mevaco SA's board of directors comprises two types of representatives: Mevaco SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Mevaco. The board's role is to monitor Mevaco SA's management team and ensure that shareholders' interests are well served. Mevaco SA'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, Mevaco SA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Spiridon Delendas | Ex CEO | Profile | |
| Vasiliki Kostopoulou | VP Director | Profile | |
| Dimitrios Kostopoulos | Ex Directors | Profile | |
| Antonios Roussos | CFO Director | Profile |