MLP SE Correlations

Stocks . Germany . 
Stock . MLP SE
MLP Stock   7.26  0.02  0.27%   
The current 90-days correlation between MLP SE and SK hynix is 0.17 (i.e., Average diversification). The correlation of MLP SE 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.

MLP SE Correlation With Market

Almost no diversification

The correlation between MLP SE and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MLP SE and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to MLP SE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MLP SE 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 MLP SE - 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 MLP SE to buy it.

Moving together with MLP Stock

  0.67PQ9 BANK MANDIRIPairCorr
  0.94SZG Salzgitter AGPairCorr
  0.69ROW Texas Roadhouse Earnings Call This WeekPairCorr
  0.9110N Enter Air SAPairCorr
  0.67317A STINGRAY GROUP INCPairCorr
  0.863RB RECKITT BENCK GRPPairCorr
  0.87485B Amcor PLC SplitPairCorr
  0.84SVKB SANDVIKPairCorr
  0.78TWZ Trican Well Service Earnings Call TomorrowPairCorr
  0.64ENI Eni SpAPairCorr
  0.857GA Gestamp AutomociónPairCorr
  0.87ELG Elmos Semiconductor Earnings Call This WeekPairCorr
  0.86LA3A Laureate Education Earnings Call This WeekPairCorr
  0.81T4W Toro EnergyPairCorr
  0.9ALV Allianz SEPairCorr
  0.75CVC1 Carnival plcPairCorr
  0.92PYCP Minera Alamos SplitPairCorr
  0.87NEF Neste OyjPairCorr
  0.85RATV Raisio plcPairCorr
  0.813YL SMARTOPTICS GRP AS Earnings Call This WeekPairCorr

Moving against MLP Stock

  0.74BYRA BANK RAKYAT IND Earnings Call This WeekPairCorr
  0.74BZG2 BANK CENTRAL ASIAPairCorr
  0.633HB Hybrigenics SocietePairCorr
  0.61BZG2 PT Bank CentralPairCorr
  0.84DBPD Xtrackers ShortDAXPairCorr
  0.66777 EUROSPORTS GLOBAL LTDPairCorr
  0.634AH1 PT Ace HardwarePairCorr
  0.31EFF DTEFFWECHSEL BET SplitPairCorr

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

SSU
+ 0.99
SSUN
SSU
+ 0.99
SSU
SSU
+ 0.99
SSUN
SSUN
+ 0.98
SSUN
SSU
+ 0.98
SSUN
SSUN
+ 0.98
SSU
  

High negative correlations

TCID
- 0.63
SSUN
TCID
- 0.62
SSU
TCID
- 0.62
SSUN
TCID
- 0.61
SSU
HY9H
- 0.54
TCID
HY9H
- 0.39
PTI

Risk-Adjusted Indicators

There is a big difference between MLP Stock performing well and MLP SE 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 MLP SE'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 MLP SE 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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MLP SE Corporate Management

Elected by the shareholders, the MLP SE's board of directors comprises two types of representatives: MLP SE inside directors who are chosen from within the company, and outside directors, selected externally and held independent of MLP. The board's role is to monitor MLP SE's management team and ensure that shareholders' interests are well served. MLP SE'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, MLP SE's outside directors are responsible for providing unbiased perspectives on the board's policies.
Manfred BauerMember BoardProfile
Frank FuchsHead MortgagesProfile
Carsten SonaHead SettlementProfile
Dirk BohsemHead ManagementProfile
Angelika ZinkgrafMember BoardProfile
HansJoachim LetzelHead DepartmentProfile
Jan BergHead PoliticsProfile
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