Autohellas Correlations

OTOEL Stock

EUR 12.50 0.14 1.13%

The current 90-days correlation between Autohellas SA and CPI Computer Peripherals is 0.01 (i.e., Significant diversification). The correlation of Autohellas 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.

Autohellas Correlation With Market

Modest diversification

The correlation between Autohellas SA and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Autohellas SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Autohellas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Autohellas 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 Autohellas - 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 Autohellas SA to buy it.

Moving together with Autohellas Stock

0.82	TELL	Bank of Greece	Pair Corr
0.7	SIDMA	Sidma SA Steel	Pair Corr
0.62	MOH	Motor Oil Corinth	Pair Corr
0.82	ATRUST	Alpha Trust Mutual	Pair Corr
0.77	ELPE	Hellenic Petroleum	Pair Corr
0.84	INTEK	Ideal Group SA	Pair Corr
0.81	IATR	Athens Medical CSA	Pair Corr
0.85	ETE	National Bank	Pair Corr
0.91	VIDAVO	VIDAVO SA	Pair Corr
0.63	VOSYS	Vogiatzoglou Systems	Pair Corr
0.78	EEE	Coca Cola HBC	Pair Corr
0.66	AEGN	Aegean Airlines SA	Pair Corr
0.73	NAYP	Nafpaktos Textile	Pair Corr
0.66	SPACE	Space Hellas SA	Pair Corr
0.74	PREMIA	Premia SA	Pair Corr
0.88	AVAX	Avax SA	Pair Corr
0.75	KORDE	Kordellos Ch Bros	Pair Corr
0.82	LAVI	Lavipharm SA	Pair Corr
0.64	FLEXO	Flexopack Socit Anonyme	Pair Corr
0.83	AIA	ATHENS INTERNATIONAL	Pair Corr
0.74	ALMY	Alumil Aluminium Industry	Pair Corr
0.63	OLTH	Thessaloniki Port	Pair Corr
0.63	DOMIK	Domiki Kritis SA	Pair Corr
0.85	ACAG	Austriacard Holdings	Pair Corr
0.84	EUROB	Eurobank Ergasias	Pair Corr
0.63	ELTON	Elton International	Pair Corr
0.88	KYLO	Loulis Mills SA	Pair Corr
0.84	ANDRO	Alpha Trust Andromeda	Pair Corr
0.67	MODA	N Varveris Moda	Pair Corr
0.62	REVOIL	Revoil SA	Pair Corr

Moving against Autohellas Stock

0.7	ATEK	Attica Publications	Pair Corr
0.42	DAIOS	Daios Plastics SA	Pair Corr

Related Correlations Analysis

	CPI	PROF	EUROB	TPEIR	HTO	ETE	INKAT	OPTIMA
CPI		0.67	0.44	0.47	-0.16	0.42	0.25	0.13	CPI
PROF	0.67		0.47	0.29	0.17	0.43	0.55	-0.24	PROF
EUROB	0.44	0.47		0.91	0.24	0.92	0.71	0.27	EUROB
TPEIR	0.47	0.29	0.91		0.07	0.91	0.49	0.43	TPEIR
HTO	-0.16	0.17	0.24	0.07		0.28	0.71	-0.59	HTO
ETE	0.42	0.43	0.92	0.91	0.28		0.69	0.21	ETE
INKAT	0.25	0.55	0.71	0.49	0.71	0.69		-0.32	INKAT
OPTIMA	0.13	-0.24	0.27	0.43	-0.59	0.21	-0.32		OPTIMA
	CPI	PROF	EUROB	TPEIR	HTO	ETE	INKAT	OPTIMA

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

ETE	+ 0.92	EUROB
TPEIR	+ 0.91	EUROB
ETE	+ 0.91	TPEIR
INKAT	+ 0.71	EUROB
INKAT	+ 0.71	HTO
INKAT	+ 0.69	ETE

High negative correlations

OPTIMA	- 0.59	HTO
OPTIMA	- 0.32	INKAT
OPTIMA	- 0.24	PROF
HTO	- 0.16	CPI

Risk-Adjusted Indicators

There is a big difference between Autohellas Stock performing well and Autohellas 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 Autohellas' 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
CPI	1.71	0.06	(0.01)	(0.29)	2.06	(2.31)	3.33	(3.45)	17.04
PROF	1.23	0.08	0.00	(0.15)	1.23	(1.47)	2.41	(1.88)	8.43
EUROB	1.52	0.10	0.03	0.24	1.87	(1.77)	3.41	(3.48)	8.22
TPEIR	1.39	0.12	0.03	0.96	1.53	(1.61)	3.03	(2.50)	7.71
HTO	0.81	0.02	(0.03)	0.17	0.95	(0.91)	1.69	(1.72)	5.02
ETE	1.51	0.17	0.04	(0.66)	1.83	(1.67)	3.08	(3.46)	8.34
INKAT	1.03	0.20	0.15	(4.88)	0.73	(1.57)	2.47	(1.52)	8.58
OPTIMA	1.17	(0.09)	0.00	(1.10)	0.00	0.00	1.72	(2.22)	7.66

Be your own money manager

Our tools can tell you how much better you can do entering a position in Autohellas 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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Autohellas Corporate Management

Elected by the shareholders, the Autohellas' board of directors comprises two types of representatives: Autohellas inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Autohellas. The board's role is to monitor Autohellas' management team and ensure that shareholders' interests are well served. Autohellas' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Autohellas' outside directors are responsible for providing unbiased perspectives on the board's policies.

Emmanouela Vasilaki	Exec Director	Profile
Dimitrios Mangioros	Ex Director	Profile
Constantinos Siambanis	Chief Accountant	Profile
Georgios Vassilakis	Ex Director	Profile
Eftichios Vassilakis	MD CEO	Profile
Panagiotis Karabourniotis	Chief Officer	Profile
Antonia Dimitrakopoulou	Chief Officer	Profile

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