Rexel SA Correlations

RXLSF Stock

USD 43.03 3.38 8.52%

The correlation of Rexel SA 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.

Rexel SA Correlation With Market

Poor diversification

The correlation between Rexel SA and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rexel SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Rexel Pink Sheet

0.93	RXEEY	Rexel SA ADR Earnings Call This Week	Pair Corr
0.73	ARW	Arrow Electronics Tech Boost	Pair Corr
0.78	AVT	Avnet Inc	Pair Corr
0.78	LNTH	Lantheus Holdings	Pair Corr
0.86	ATNI	ATN International	Pair Corr
0.77	FDVA	Freedom Bank	Pair Corr
0.7	ASTS	Ast Spacemobile	Pair Corr
0.73	LRCX	Lam Research Corp	Pair Corr
0.88	MLKN	MillerKnoll	Pair Corr
0.8	NVST	Envista Holdings Corp Buyout Trend	Pair Corr
0.72	NXE	NexGen Energy Sell-off Trend	Pair Corr
0.67	INTC	Intel Aggressive Push	Pair Corr
0.78	BSXGF	Belo Sun Mining	Pair Corr
0.67	TRTX	TPG RE Finance	Pair Corr
0.66	BDRFF	Beiersdorf Aktiengesellscha	Pair Corr
0.68	MGYOY	MOL PLC ADR	Pair Corr
0.83	FCX	Freeport McMoran Copper	Pair Corr
0.87	IHS	IHS Holding	Pair Corr
0.8	BMYMP	Bristol Myers Squibb	Pair Corr
0.79	GS	Goldman Sachs Group	Pair Corr

Moving against Rexel Pink Sheet

0.57	NSIT	Insight Enterprises	Pair Corr
0.75	CALA	Calithera Biosciences	Pair Corr

Related Correlations Analysis

	OSUKF	SOTGY	CCOEF	BYDIY	CCOEY	DINRF	NCSYF	ISMAF	OCLCF	MNBEF
OSUKF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	OSUKF
SOTGY	0.0		0.51	0.64	0.64	0.52	0.55	-0.28	0.51	-0.28	SOTGY
CCOEF	0.0	0.51		0.18	0.79	0.79	0.22	-0.25	0.4	-0.28	CCOEF
BYDIY	0.0	0.64	0.18		0.35	0.21	0.45	0.04	0.33	0.02	BYDIY
CCOEY	0.0	0.64	0.79	0.35		0.69	0.5	-0.11	0.59	-0.13	CCOEY
DINRF	0.0	0.52	0.79	0.21	0.69		0.38	-0.46	0.25	-0.44	DINRF
NCSYF	0.0	0.55	0.22	0.45	0.5	0.38		0.02	0.06	0.02	NCSYF
ISMAF	0.0	-0.28	-0.25	0.04	-0.11	-0.46	0.02		0.1	0.78	ISMAF
OCLCF	0.0	0.51	0.4	0.33	0.59	0.25	0.06	0.1		0.06	OCLCF
MNBEF	0.0	-0.28	-0.28	0.02	-0.13	-0.44	0.02	0.78	0.06		MNBEF
	OSUKF	SOTGY	CCOEF	BYDIY	CCOEY	DINRF	NCSYF	ISMAF	OCLCF	MNBEF

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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

CCOEY	+ 0.79	CCOEF
DINRF	+ 0.79	CCOEF
MNBEF	+ 0.78	ISMAF
DINRF	+ 0.69	CCOEY
BYDIY	+ 0.64	SOTGY
CCOEY	+ 0.64	SOTGY

High negative correlations

ISMAF	- 0.46	DINRF
MNBEF	- 0.44	DINRF
MNBEF	- 0.28	CCOEF
MNBEF	- 0.28	SOTGY
ISMAF	- 0.28	SOTGY
ISMAF	- 0.25	CCOEF

Risk-Adjusted Indicators

There is a big difference between Rexel Pink Sheet performing well and Rexel SA 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 Rexel SA'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
OSUKF	0.00	0.00	0.00	0.00	0.00	0.00
SOTGY	2.32	(0.34)	(0.62)	4.62	(5.89)	16.09
CCOEF	1.49	(0.41)	(0.64)	3.03	(6.20)	25.11
BYDIY	2.59	(0.17)	(0.04)	5.10	(5.48)	17.38
CCOEY	2.03	(0.46)	(0.53)	4.71	(4.07)	17.47
DINRF	5.04	(0.51)	(0.74)	12.36	(14.56)	41.07
NCSYF	1.29	(0.30)	(0.53)	1.85	(6.85)	20.55
ISMAF	0.57	0.00	0.08	0.00	0.00	26.18
OCLCF	1.05	(0.55)	23.44	0.00	0.00	30.04
MNBEF	4.94	(1.32)	(1.43)	4.00	(13.18)	53.63

Be your own money manager

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

Grgoire Bertrand	Chief Europe	Profile
Roger Little	Member of the Executive Committee, Head of Rexel Canada's Operations	Profile
Sabine Haman	Group Officer	Profile
Constance Grisoni	Chief Director	Profile
Laurent Delabarre	Group Officer	Profile

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