Scout24 AG Correlations
| SCOTF Stock | USD 115.36 0.00 0.00% |
The correlation of Scout24 AG 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.
Scout24 AG Correlation With Market
Significant diversification
The correlation between Scout24 AG and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Scout24 AG and DJI in the same portfolio, assuming nothing else is changed.
Scout24 |
The ability to find closely correlated positions to Scout24 AG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Scout24 AG 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 Scout24 AG - 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 Scout24 AG to buy it.
Moving together with Scout24 Pink Sheet
| 0.89 | META | Meta Platforms | PairCorr |
| 0.61 | PROSY | Prosus NV ADR | PairCorr |
| 0.85 | DASH | DoorDash, Class A | PairCorr |
| 0.75 | PLUG | Plug Power | PairCorr |
| 0.78 | GRAB | Grab Holdings Aggressive Push | PairCorr |
| 0.77 | NIO | Nio Class A Buyout Trend | PairCorr |
| 0.91 | AUR | Aurora Innovation | PairCorr |
| 0.8 | RXRX | Recursion Pharmaceuticals | PairCorr |
Moving against Scout24 Pink Sheet
| 0.89 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
| 0.77 | F | Ford Motor | PairCorr |
| 0.82 | AKAM | Akamai Technologies | PairCorr |
| 0.79 | GM | General Motors | PairCorr |
| 0.73 | APGE | Apogee Therapeutics, | PairCorr |
| 0.71 | PHAR | Pharming Group NV | PairCorr |
| 0.68 | RIVN | Rivian Automotive Aggressive Push | PairCorr |
| 0.67 | KODK | Eastman Kodak | PairCorr |
| 0.65 | IDN | Intellicheck Mobilisa | PairCorr |
| 0.59 | INFY | Infosys Ltd ADR Potential Growth | PairCorr |
| 0.58 | NOEM | CO2 Energy Transition | PairCorr |
| 0.56 | DDS | Dillards, | PairCorr |
| 0.39 | HE | Hawaiian Electric | PairCorr |
| 0.93 | CHACR | Crane Harbor Acquisition | PairCorr |
| 0.86 | CSCO | Cisco Systems | PairCorr |
| 0.68 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.68 | 68233JBP8 | US68233JBP84 | 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 Scout24 Pink Sheet performing well and Scout24 AG 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 Scout24 AG'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CLILF | 1.22 | 0.08 | 0.00 | 0.16 | 0.00 | 0.00 | 42.08 | |||
| SWPRF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HULCF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IFSUF | 1.57 | (0.39) | 0.00 | (1.61) | 0.00 | 3.54 | 18.58 | |||
| WRFRF | 1.71 | 0.29 | 0.03 | (1.54) | 2.73 | 8.03 | 27.05 | |||
| LGFRY | 1.63 | (0.40) | 0.00 | (0.35) | 0.00 | 3.44 | 10.64 | |||
| WARFY | 2.03 | 0.06 | 0.00 | (0.32) | 2.91 | 7.78 | 23.33 | |||
| LNGPF | 0.83 | 0.11 | 0.00 | (0.71) | 0.00 | 0.00 | 27.25 | |||
| PSPSF | 0.33 | 0.04 | 0.00 | (0.17) | 0.00 | 0.51 | 10.16 | |||
| DWHHF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Scout24 AG 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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Scout24 AG Corporate Management
| Marc Stilke | Chief Immobilienscout24 | Profile | |
| Ursula Querette | Head Treasury | Profile | |
| Jan Flaskamp | VP Marketing | Profile | |
| Rowena Patrao | Chief Officer | Profile | |
| Ralf Weitz | Chief Board | Profile | |
| Tobias Hartmann | CEO Board | Profile | |
| Thomas Schroeter | Chief Board | Profile |