KS Aktiengesellscha Correlations

SDF Stock

EUR 14.56 0.12 0.83%

The current 90-days correlation between KS Aktiengesellschaft and Hong Kong Exchanges is 0.17 (i.e., Average diversification). The correlation of KS Aktiengesellscha 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.

KS Aktiengesellscha Correlation With Market

Very poor diversification

The correlation between KS Aktiengesellschaft and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KS Aktiengesellschaft and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with SDF Stock

0.84	6MK	Merck	Pair Corr
0.92	4I1	Philip Morris Intern	Pair Corr
0.84	TOTB	TotalEnergies SE	Pair Corr
0.95	HBC1	HSBC HLDG	Pair Corr
0.62	WNI	WHITE MTNS INS	Pair Corr
0.84	S0V	Seaboard	Pair Corr
0.94	7LB	Lotus Bakeries NV	Pair Corr
0.8	UBW1	Babcock Wilcox Enter	Pair Corr
0.89	HKT	HK Electric Investments	Pair Corr
0.79	ECK	LUDWIG BECK	Pair Corr
0.84	CWT	Curtiss Wright	Pair Corr
0.8	FV6	EMMI N	Pair Corr
0.95	HBC1	HSBC Holdings plc	Pair Corr
0.89	8ZI	Scandinavian Tobacco	Pair Corr
0.67	DLN	Derwent London PLC	Pair Corr
0.87	NVPF	IRPC PCL NVDR	Pair Corr
0.96	TGE1	MOBILEZONE N	Pair Corr
0.8	DFA1	Dairy Farm International	Pair Corr
0.66	EMD	ENM Holdings Limited	Pair Corr
0.94	G1MN	Globex Mining Enterprises	Pair Corr
0.67	PD0	Pebblebrook Hotel Trust	Pair Corr
0.86	KSB3	KSB SE	Pair Corr
0.93	4FO	Industrias Penoles Sab	Pair Corr
0.67	UWS	Waste Management	Pair Corr

Moving against SDF Stock

0.84	ABL	Abbott Laboratories	Pair Corr
0.73	BRH	Berkshire Hathaway	Pair Corr
0.52	LSPP	Chocoladefabriken Lindt	Pair Corr
0.35	HK2C	Hong Kong Exchanges	Pair Corr

Related Correlations Analysis

	ABL	DAP	6MK	AMD	4I1	W8V	TOTB	AMG	HBC1	HK2C
ABL		0.37	-0.61	-0.14	-0.79	-0.17	-0.84	-0.45	-0.81	0.29	ABL
DAP	0.37		0.03	0.06	-0.23	-0.23	-0.47	-0.37	-0.11	-0.18	DAP
6MK	-0.61	0.03		-0.34	0.8	0.12	0.77	0.62	0.8	-0.39	6MK
AMD	-0.14	0.06	-0.34		0.04	0.15	-0.06	-0.16	0.03	0.49	AMD
4I1	-0.79	-0.23	0.8	0.04		0.27	0.87	0.6	0.89	-0.1	4I1
W8V	-0.17	-0.23	0.12	0.15	0.27		0.29	0.38	0.12	0.42	W8V
TOTB	-0.84	-0.47	0.77	-0.06	0.87	0.29		0.72	0.77	-0.17	TOTB
AMG	-0.45	-0.37	0.62	-0.16	0.6	0.38	0.72		0.38	0.13	AMG
HBC1	-0.81	-0.11	0.8	0.03	0.89	0.12	0.77	0.38		-0.3	HBC1
HK2C	0.29	-0.18	-0.39	0.49	-0.1	0.42	-0.17	0.13	-0.3		HK2C
	ABL	DAP	6MK	AMD	4I1	W8V	TOTB	AMG	HBC1	HK2C

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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

HBC1	+ 0.89	4I1
TOTB	+ 0.87	4I1
4I1	+ 0.8	6MK
HBC1	+ 0.8	6MK
TOTB	+ 0.77	6MK
HBC1	+ 0.77	TOTB

High negative correlations

TOTB	- 0.84	ABL
HBC1	- 0.81	ABL
4I1	- 0.79	ABL
6MK	- 0.61	ABL
TOTB	- 0.47	DAP
AMG	- 0.45	ABL

Risk-Adjusted Indicators

There is a big difference between SDF Stock performing well and KS Aktiengesellscha 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 KS Aktiengesellscha'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
ABL	1.09	(0.19)	0.00	2.39	0.00	0.00	1.91	(2.11)	14.56
DAP	1.16	(0.05)	0.00	(0.08)	0.00	0.00	2.14	(2.62)	7.27
6MK	1.37	0.51	0.27	4.34	1.15	(1.66)	3.42	(2.23)	8.72
AMD	2.86	(0.19)	0.00	(0.15)	0.00	0.00	6.33	(5.57)	24.55
4I1	1.17	0.30	0.16	3.35	1.19	(1.31)	2.89	(2.55)	7.67
W8V	1.60	0.11	0.01	(0.27)	2.81	(3.21)	2.08	(2.04)	24.03
TOTB	0.96	0.30	0.20	(4.19)	0.86	(1.07)	2.23	(1.62)	5.97
AMG	1.46	0.20	0.09	0.55	1.57	(1.52)	3.98	(2.86)	10.70
HBC1	1.12	0.21	0.11	0.48	1.30	(1.30)	2.99	(2.05)	8.75
HK2C	0.51	(0.11)	0.00	(0.43)	0.00	0.00	1.49	(1.47)	5.73

Be your own money manager

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

Elected by the shareholders, the KS Aktiengesellscha's board of directors comprises two types of representatives: KS Aktiengesellscha inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SDF. The board's role is to monitor KS Aktiengesellscha's management team and ensure that shareholders' interests are well served. KS Aktiengesellscha'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, KS Aktiengesellscha's outside directors are responsible for providing unbiased perspectives on the board's policies.

Jens Keuthen	Tax, Legal	Profile
Burkhard Lohr	CFO CEO	Profile
HansJrgen Mller	Head Berlin	Profile
Katja Seeger	Head Communications	Profile
Julia Bock	Head Relations	Profile
Ingo Nieke	Head Plant	Profile

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