AS Merko Correlations
| MKS Stock | EUR 29.80 0.05 0.17% |
The current 90-days correlation between AS Merko Ehitus and BANK RAKYAT IND is 0.27 (i.e., Modest diversification). The correlation of AS Merko 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.
AS Merko Correlation With Market
Poor diversification
The correlation between AS Merko Ehitus and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AS Merko Ehitus and DJI in the same portfolio, assuming nothing else is changed.
MKS |
The ability to find closely correlated positions to AS Merko could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AS Merko 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 AS Merko - 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 AS Merko Ehitus to buy it.
Moving together with MKS Stock
| 0.85 | LFL0 | LATAM Airlines Group | PairCorr |
| 0.75 | BSA | Banco Santander Chile | PairCorr |
| 0.7 | G4RA | Banco de Chile | PairCorr |
| 0.89 | PYCP | Minera Alamos Split | PairCorr |
| 0.69 | 3RB | RECKITT BENCK GRP | PairCorr |
| 0.82 | CWA0 | REFINED METALS P | PairCorr |
| 0.66 | LPK | LPKF Laser Electronics | PairCorr |
| 0.87 | 3I5 | Frontdoor | PairCorr |
| 0.69 | SVKB | SANDVIK | PairCorr |
| 0.72 | WWR | Woolworths Group Earnings Call Next Week | PairCorr |
| 0.85 | AOMD | Alstom SA | PairCorr |
| 0.78 | MSI | Mitsui Chemicals | PairCorr |
| 0.76 | NCO | Nedbank Group Limited | PairCorr |
| 0.72 | 3YL | SMARTOPTICS GRP AS Earnings Call This Week | PairCorr |
| 0.72 | T4W | Toro Energy | PairCorr |
| 0.69 | 7GA | Gestamp Automoción | PairCorr |
| 0.89 | ALV | Allianz SE | PairCorr |
| 0.71 | ENR | Siemens Energy AG | PairCorr |
| 0.74 | SZL | SOLSTAD OFFSHORE | PairCorr |
| 0.67 | 2G0 | Food Life Companies | PairCorr |
Moving against MKS Stock
| 0.34 | SOBA | ATT Inc | PairCorr |
| 0.34 | BAOA | Bastogi SpA | PairCorr |
| 0.67 | 3HB | Hybrigenics Societe | PairCorr |
| 0.61 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.59 | 4AH1 | PT Ace Hardware | PairCorr |
| 0.5 | TCO2 | TESCO PLC ADR1 | 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between MKS Stock performing well and AS Merko 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 AS Merko'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SSU | 2.85 | 1.08 | 0.39 | (1.56) | 2.01 | 7.66 | 15.03 | |||
| SSUN | 2.60 | 0.79 | 0.27 | 0.91 | 2.28 | 6.04 | 14.94 | |||
| ASJA | 3.15 | 0.14 | 0.01 | (0.13) | 3.83 | 6.67 | 25.24 | |||
| ASJA | 4.86 | 0.12 | 0.02 | 0.12 | 5.34 | 12.50 | 31.11 | |||
| ASJA | 0.87 | 0.14 | 0.00 | (0.44) | 0.00 | 0.00 | 23.05 | |||
| ASJA | 0.61 | 0.08 | 0.00 | (0.12) | 0.00 | 3.13 | 6.25 | |||
| SSUN | 2.51 | 0.94 | 0.31 | (11.24) | 2.06 | 6.10 | 13.83 | |||
| SSU | 2.83 | 1.06 | 0.36 | (12.79) | 1.94 | 6.22 | 15.50 | |||
| BYRA | 1.41 | (0.24) | 0.00 | 0.36 | 0.00 | 0.00 | 35.71 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in AS Merko 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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AS Merko Corporate Management
Elected by the shareholders, the AS Merko's board of directors comprises two types of representatives: AS Merko inside directors who are chosen from within the company, and outside directors, selected externally and held independent of MKS. The board's role is to monitor AS Merko's management team and ensure that shareholders' interests are well served. AS Merko'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, AS Merko's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Risto Sappinen | Head Department | Profile | |
| Boris Tehnikov | Head Works | Profile | |
| Urmas Somelar | Member Unit | Profile | |
| Egija Smila | Head Subsidiaries | Profile | |
| Sander Astor | Head Department | Profile | |
| Tonu Toomik | Member Board | Profile |