Swisscom Correlations

Stocks . Switzerland . 
Stock . Swisscom AG
SCMN Stock  CHF 708.00  3.00  0.42%   
The current 90-days correlation between Swisscom AG and TX Group AG is -0.2 (i.e., Good diversification). The correlation of Swisscom 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.

Swisscom Correlation With Market

Poor diversification

The correlation between Swisscom AG and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Swisscom AG and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Swisscom could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Swisscom 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 Swisscom - 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 Swisscom AG to buy it.

Moving together with Swisscom Stock

  0.69LISN Chocoladefabriken LindtPairCorr
  0.96ZUGER Zuger KantonalbankPairCorr
  0.81WARN Warteck InvestPairCorr
  0.93GRKP Graubuendner KantonalbankPairCorr
  0.92ZUGN Zug Estates HoldingPairCorr
  0.93BLKB BasellandschaftlichePairCorr
  0.86SGKN St Galler KantonalbankPairCorr
  0.91UHR Swatch GroupPairCorr
  0.87UHRN Swatch Group AGPairCorr
  0.76BCHN Burckhardt CompressionPairCorr
  0.95OFN Orell Fuessli HoldingPairCorr
  0.73ALPN Alpine Select AGPairCorr
  0.85SANN Santhera PharmaceuticalsPairCorr
  0.62BEAN Belimo HoldingPairCorr
  0.84VATN Valiant Holding AGPairCorr
  0.65GALE Galenica Sante AGPairCorr
  0.9HT5 HT5 N LTDPairCorr
  0.81SFPN SF Urban PropertiesPairCorr
  0.71BCJ Banque CantonalePairCorr
  0.69NIBEB NIBE Industrier ABPairCorr
  0.96PSPN PSP Swiss PropertyPairCorr
  0.82ASCN Ascom Holding AGPairCorr
  0.84SGLD Invesco Physical GoldPairCorr
  0.88ESUN Edisun Power EuropePairCorr
  0.96BARN Barry Callebaut AGPairCorr
  0.85SUN Sulzer AGPairCorr
  0.81BOSN Bossard Holding AG Earnings Call This WeekPairCorr
  0.93EMMN Emmi AGPairCorr
  0.83ISN Intershop HoldingPairCorr

Moving against Swisscom Stock

  0.63GIVN Givaudan SAPairCorr

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

APGN
+ 0.68
MCHN
TXGN
+ 0.58
SMG
TXGN
+ 0.46
HLEE
SMG
+ 0.27
APGN
HLEE
+ 0.2
SMG
SMG
+ 0.16
MCHN
  

High negative correlations

HLEE
- 0.7
MCHN
HLEE
- 0.56
APGN
TXGN
- 0.46
MCHN
TXGN
- 0.03
APGN

Risk-Adjusted Indicators

There is a big difference between Swisscom Stock performing well and Swisscom 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 Swisscom'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.

Be your own money manager

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

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