Metso Outotec Correlations
| OUKPFDelisted Stock | USD 10.44 0.00 0.00% |
The current 90-days correlation between Metso Outotec Oyj and Ideanomics is 0.07 (i.e., Significant diversification). The correlation of Metso Outotec 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.
Metso Outotec Correlation With Market
Good diversification
The correlation between Metso Outotec Oyj and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Metso Outotec Oyj and DJI in the same portfolio, assuming nothing else is changed.
Metso |
The ability to find closely correlated positions to Metso Outotec could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Metso Outotec 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 Metso Outotec - 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 Metso Outotec Oyj to buy it.
Moving together with Metso Pink Sheet
| 0.74 | NVDA | NVIDIA | PairCorr |
| 0.68 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
| 0.62 | META | Meta Platforms Aggressive Push | PairCorr |
| 0.85 | SSNLF | Samsung Electronics | PairCorr |
| 0.65 | PTAIF | PT Astra International | PairCorr |
| 0.63 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.73 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.61 | HD | Home Depot | PairCorr |
| 0.72 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.62 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.7 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.69 | HPQ | HP Inc | PairCorr |
| 0.79 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
Moving against Metso Pink Sheet
| 0.73 | BKRKY | Bank Rakyat | PairCorr |
| 0.71 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.67 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.65 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.58 | EC | Ecopetrol SA ADR | PairCorr |
| 0.58 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.38 | PTAIY | Astra International Tbk | PairCorr |
| 0.59 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.57 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.5 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.4 | PG | Procter Gamble | PairCorr |
| 0.36 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Related Correlations Analysis
| -0.16 | 0.29 | -0.14 | 0.31 | IDEX | ||
| -0.16 | 0.65 | -0.24 | -0.64 | DE | ||
| 0.29 | 0.65 | -0.48 | -0.58 | CAT | ||
| -0.14 | -0.24 | -0.48 | 0.29 | ZEV | ||
| 0.31 | -0.64 | -0.58 | 0.29 | LEV | ||
| 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
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Risk-Adjusted Indicators
There is a big difference between Metso Pink Sheet performing well and Metso Outotec 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 Metso Outotec'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IDEX | 4.16 | (0.20) | 0.00 | 0.85 | 0.00 | 11.32 | 25.90 | |||
| DE | 1.12 | 0.21 | 0.15 | 0.36 | 1.01 | 2.16 | 8.40 | |||
| CAT | 1.32 | 0.00 | 0.06 | 0.12 | 1.37 | 3.36 | 12.38 | |||
| ZEV | 5.84 | (0.46) | 0.00 | (0.96) | 0.00 | 12.37 | 52.79 | |||
| LEV | 5.72 | (1.10) | 0.00 | (1.96) | 0.00 | 13.64 | 41.71 |
Metso Outotec Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Metso Outotec pink sheet to make a market-neutral strategy. Peer analysis of Metso Outotec could also be used in its relative valuation, which is a method of valuing Metso Outotec by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Metso Outotec Corporate Management
| MSc CEFA | Deputy CFO | Profile | |
| Sami MSc | Pres Team | Profile | |
| Markku Simula | Pres Team | Profile | |
| Uffe Hansen | Pres Team | Profile | |
| Piia Karhu | Member Devel | Profile | |
| Heikki Metsala | Pres Team | Profile |
Still Interested in Metso Outotec Oyj?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.