Stern Groep Correlations

PBH Stock

3.54 0.06 1.67%

The current 90-days correlation between Stern Groep NV and Ctac NV is -0.02 (i.e., Good diversification). The correlation of Stern Groep 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.

Stern Groep Correlation With Market

Poor diversification

The correlation between Stern Groep NV and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stern Groep NV and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Stern Stock

0.71	SLIGR	Sligro Food Group	Pair Corr
0.91	FFARM	ForFarmers NV	Pair Corr
0.8	FUR	Fugro NV	Pair Corr
0.69	ALFEN	Alfen Beheer BV Earnings Call This Week	Pair Corr
0.7	FERGR	Ferrari Group PLC	Pair Corr

Moving against Stern Stock

0.65	EAS2P	Ease2pay NV	Pair Corr
0.48	EBUS	Ebusco Holding BV	Pair Corr

Related Correlations Analysis

	ARAMI	CTAC	EAS2P	KENDR	MLAA	PREVA	SIFG
ARAMI		0.61	0.75	-0.52	0.12	-0.01	-0.2	ARAMI
CTAC	0.61		0.76	-0.87	-0.11	-0.09	-0.55	CTAC
EAS2P	0.75	0.76		-0.76	-0.18	0.0	-0.41	EAS2P
KENDR	-0.52	-0.87	-0.76		0.24	0.04	0.64	KENDR
MLAA	0.12	-0.11	-0.18	0.24		0.06	0.12	MLAA
PREVA	-0.01	-0.09	0.0	0.04	0.06		0.02	PREVA
SIFG	-0.2	-0.55	-0.41	0.64	0.12	0.02		SIFG
	ARAMI	CTAC	EAS2P	KENDR	MLAA	PREVA	SIFG

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

EAS2P	+ 0.76	CTAC
EAS2P	+ 0.75	ARAMI
SIFG	+ 0.64	KENDR
CTAC	+ 0.61	ARAMI
MLAA	+ 0.24	KENDR
MLAA	+ 0.12	ARAMI

High negative correlations

KENDR	- 0.87	CTAC
KENDR	- 0.76	EAS2P
SIFG	- 0.55	CTAC
KENDR	- 0.52	ARAMI
SIFG	- 0.41	EAS2P
SIFG	- 0.2	ARAMI

Risk-Adjusted Indicators

There is a big difference between Stern Stock performing well and Stern Groep 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 Stern Groep'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
ARAMI	1.70	(0.57)	0.00	(1.10)	0.00	0.00	2.92	(4.50)	10.18
CTAC	0.85	(0.16)	0.00	(5.20)	0.00	0.00	1.56	(2.12)	9.00
EAS2P	1.80	(0.33)	0.00	(0.51)	0.00	0.00	4.55	(4.17)	12.68
KENDR	1.06	0.20	0.14	0.50	1.00	(1.24)	2.67	(2.33)	8.17
MLAA	0.47	0.00	0.00	0.04	0.00	0.00	0.52	0.00	13.96
PREVA	1.07	0.03	(0.01)	(0.05)	1.27	(1.56)	1.91	(2.28)	6.12
SIFG	1.69	0.14	0.07	0.48	1.49	(2.38)	4.96	(2.39)	12.26

Be your own money manager

Our tools can tell you how much better you can do entering a position in Stern Groep 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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