Motor Oil Correlations
| MOH Stock | EUR 22.64 0.44 1.98% |
The current 90-days correlation between Motor Oil Corinth and Mytilineos SA is 0.49 (i.e., Very weak diversification). The correlation of Motor Oil 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.
Motor Oil Correlation With Market
Significant diversification
The correlation between Motor Oil Corinth and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Motor Oil Corinth and DJI in the same portfolio, assuming nothing else is changed.
Motor |
The ability to find closely correlated positions to Motor Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Motor Oil 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 Motor Oil - 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 Motor Oil Corinth to buy it.
Moving together with Motor Stock
| 0.83 | ELIN | Elinoil Hellenic Pet | PairCorr |
| 0.72 | REVOIL | Revoil SA | PairCorr |
| 0.95 | ELPE | Hellenic Petroleum | PairCorr |
| 0.82 | PPC | Public Power | PairCorr |
| 0.9 | VIO | Viohalco SA | PairCorr |
| 0.82 | TELL | Bank of Greece | PairCorr |
| 0.86 | ELHA | Elvalhalcor Hellenic | PairCorr |
| 0.83 | MYTIL | Mytilineos SA | PairCorr |
| 0.8 | EYDAP | Athens Water Supply | PairCorr |
| 0.85 | EKTER | Ekter SA | PairCorr |
| 0.73 | BELA | Jumbo SA | PairCorr |
| 0.91 | ETE | National Bank | PairCorr |
| 0.92 | ASCO | As Commercial Industrial | PairCorr |
| 0.89 | FOODL | Foodlink AE | PairCorr |
| 0.81 | BRIQ | BriQ Properties Real Earnings Call Tomorrow | PairCorr |
| 0.92 | ADMIE | Admie Holding SA | PairCorr |
| 0.94 | EUROB | Eurobank Ergasias | PairCorr |
| 0.87 | CENER | Cenergy Holdings | PairCorr |
| 0.92 | GEBKA | General Commercial | PairCorr |
| 0.68 | AIA | ATHENS INTERNATIONAL | PairCorr |
| 0.86 | AEGN | Aegean Airlines SA | PairCorr |
| 0.92 | TPEIR | Piraeus Financial | PairCorr |
| 0.75 | OPAP | Greek Organization | PairCorr |
| 0.83 | VOSYS | Vogiatzoglou Systems | PairCorr |
| 0.86 | TENERGY | Terna Energy Societe | PairCorr |
| 0.87 | DROME | Dromeas SA | PairCorr |
| 0.8 | CPI | CPI Computer Peripherals | PairCorr |
| 0.91 | QUEST | Quest Holdings SA | PairCorr |
| 0.93 | MOTO | Emporiki Eisagogiki | PairCorr |
| 0.88 | OLYMP | Technical Olympic | PairCorr |
| 0.91 | ALPHA | Alpha Services | PairCorr |
| 0.73 | NAKAS | Philippos Nakas SA | PairCorr |
Moving against Motor Stock
| 0.45 | HTO | Hellenic Telecommunicatio Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 0.82 | 0.64 | -0.42 | 0.78 | MYTIL | ||
| 0.82 | 0.77 | -0.61 | 0.84 | ELPE | ||
| 0.64 | 0.77 | -0.53 | 0.8 | OPAP | ||
| -0.42 | -0.61 | -0.53 | -0.5 | HTO | ||
| 0.78 | 0.84 | 0.8 | -0.5 | PPC | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Motor Stock performing well and Motor Oil 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 Motor Oil'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MYTIL | 1.14 | 0.16 | 0.10 | 3.01 | 1.42 | 2.79 | 7.65 | |||
| ELPE | 0.93 | 0.28 | 0.25 | (1.18) | 0.74 | 2.43 | 5.29 | |||
| OPAP | 0.89 | 0.17 | 0.16 | 0.59 | 0.84 | 2.18 | 5.68 | |||
| HTO | 0.93 | 0.01 | 0.01 | (0.17) | 1.10 | 2.19 | 4.29 | |||
| PPC | 1.11 | 0.19 | 0.12 | 0.81 | 1.36 | 2.33 | 5.79 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Motor Oil 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 Global Correlations Now
Global CorrelationsFind global opportunities by holding instruments from different markets |
| All Next | Launch Module |
Motor Oil Corporate Management
Elected by the shareholders, the Motor Oil's board of directors comprises two types of representatives: Motor Oil inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Motor. The board's role is to monitor Motor Oil's management team and ensure that shareholders' interests are well served. Motor Oil'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, Motor Oil's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Petros Tzannetakis | CFO MD | Profile | |
| Mary Psyllaki | Investor Officer | Profile | |
| Ioannis Dimakis | Head Officer | Profile | |
| Yannis Vardinoyannis | MD Chairman | Profile | |
| Theodoros Porfiris | Chief Accountant | Profile | |
| Nikos Giannakakis | GM Officer | Profile | |
| Spyros Balezos | Group Treasurer | Profile |