Signify NV Correlations
| PHPPY Stock | USD 12.78 1.23 10.65% |
The current 90-days correlation between Signify NV and Nexans SA is 0.07 (i.e., Significant diversification). The correlation of Signify NV 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.
Signify NV Correlation With Market
Good diversification
The correlation between Signify NV and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Signify NV and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Signify NV could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Signify NV 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 Signify NV - 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 Signify NV to buy it.
Moving together with Signify Pink Sheet
Moving against Signify Pink Sheet
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| 0.61 | NVT | nVent Electric PLC | PairCorr |
| 0.6 | PBCRY | Bank Central Asia | PairCorr |
| 0.55 | PTBRY | Bank Negara Indonesia | PairCorr |
| 0.54 | MIELY | Mitsubishi Electric Corp | PairCorr |
| 0.54 | MZHOF | Mizuho Financial Normal Trading | PairCorr |
| 0.52 | JPSTF | JAPAN POST BANK | PairCorr |
| 0.48 | MIELF | Mitsubishi Electric | PairCorr |
| 0.4 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.38 | MBFJF | Mitsubishi UFJ Financial Normal Trading | PairCorr |
| 0.84 | LCDX | Caliber Imaging Diag | PairCorr |
| 0.81 | CICOY | COSCO SHIPPING Holdings | PairCorr |
| 0.76 | ARVN | Arvinas | PairCorr |
| 0.73 | PLTK | Playtika Holding Corp | PairCorr |
| 0.71 | TMSNY | Temenos Group AG | PairCorr |
| 0.67 | FTV | Fortive Corp | PairCorr |
| 0.66 | NAUFF | NevGold Corp | PairCorr |
| 0.56 | CASXF | Casa Minerals | PairCorr |
| 0.55 | ADAMI | New York Mortgage Symbol Change | PairCorr |
| 0.51 | CTOWY | China TowerLimited | PairCorr |
| 0.48 | SYF | Synchrony Financial | PairCorr |
| 0.47 | DB | Deutsche Bank AG | PairCorr |
| 0.44 | LUMN | Lumen Technologies | PairCorr |
| 0.37 | SMXWW | SMX Public Limited | PairCorr |
| 0.35 | BROS | Dutch Bros | PairCorr |
| 0.33 | NMRD | Nemaura Medical | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Signify Pink Sheet performing well and Signify NV 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 Signify NV'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NEXNY | 1.59 | (0.04) | 0.00 | (0.12) | 0.00 | 3.99 | 10.90 | |||
| NXPRF | 0.61 | (0.16) | 0.00 | (0.52) | 0.00 | 1.00 | 9.67 | |||
| NRKBF | 0.47 | 0.20 | 0.00 | 4.96 | 0.00 | 0.00 | 10.89 | |||
| YASKF | 1.09 | 0.53 | 0.00 | 1.42 | 0.00 | 0.00 | 21.77 | |||
| BCVVF | 0.02 | 0.00 | 0.00 | 0.07 | 0.00 | 0.00 | 0.00 | |||
| AYYLF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JEXYY | 0.63 | 0.21 | 0.00 | (0.49) | 0.00 | 1.89 | 14.67 | |||
| AVHNY | 1.63 | 0.83 | 0.00 | (3.81) | 0.00 | 0.00 | 54.71 | |||
| ADRZF | 0.19 | 0.07 | 0.00 | 1.45 | 0.00 | 0.00 | 6.31 | |||
| EKIVF | 11.83 | 4.80 | 0.00 | (12.63) | 0.00 | 0.00 | 395.24 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Signify NV 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?
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Signify NV Corporate Management
| Maria Mariani | Chief Management | Profile | |
| Javier Engelen | CFO Management | Profile | |
| Thelke Gerdes | Head Relations | Profile | |
| Mark Bijsterveld | Chief Officer | Profile |