Sofina Société Correlations
| SFNXF Stock | USD 228.90 0.00 0.00% |
The current 90-days correlation between Sofina Socit Anonyme and Carlyle Group is 0.14 (i.e., Average diversification). The correlation of Sofina Société 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.
Sofina Société Correlation With Market
Average diversification
The correlation between Sofina Socit Anonyme and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sofina Socit Anonyme and DJI in the same portfolio, assuming nothing else is changed.
Sofina |
The ability to find closely correlated positions to Sofina Société could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sofina Société 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 Sofina Société - 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 Sofina Socit Anonyme to buy it.
Moving together with Sofina Pink Sheet
| 0.71 | IVSBF | Investor AB ser | PairCorr |
| 0.79 | VLKAF | Volkswagen AG | PairCorr |
| 0.81 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.81 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.83 | VWAPY | Volkswagen AG Pref | PairCorr |
| 0.74 | DPSTF | Deutsche Post AG | PairCorr |
| 0.75 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
Moving against Sofina Pink Sheet
| 0.79 | WMT | Walmart Aggressive Push | PairCorr |
| 0.74 | BX | Blackstone Group Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.71 | APO | Apollo Global Management | PairCorr |
| 0.71 | AMP | Ameriprise Financial Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.66 | AMZN | Amazon Inc Aggressive Push | PairCorr |
| 0.63 | BK | Bank of New York Fiscal Year End 10th of January 2025 | PairCorr |
| 0.58 | BLK | BlackRock Fiscal Year End 10th of January 2025 | PairCorr |
| 0.53 | ARES | Ares Management LP | PairCorr |
| 0.9 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.83 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.82 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.79 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.64 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.64 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.54 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.46 | HD | Home Depot | PairCorr |
| 0.4 | HPQ | HP Inc | PairCorr |
| 0.32 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Sofina Pink Sheet performing well and Sofina Société 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 Sofina Société'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MGLD | 5.16 | 0.15 | 0.00 | (0.28) | 5.84 | 16.07 | 35.47 | |||
| OFSTF | 4.21 | (0.29) | 0.00 | 0.45 | 0.00 | 9.09 | 19.09 | |||
| BANX | 0.90 | 0.07 | (0.07) | (0.24) | 1.15 | 2.04 | 7.55 | |||
| AAMC | 7.37 | (0.25) | 0.00 | 0.40 | 0.00 | 14.11 | 81.39 | |||
| PAX | 1.23 | (0.08) | (0.05) | 0.05 | 1.38 | 2.40 | 8.14 | |||
| VKI | 0.42 | 0.07 | (0.13) | (0.56) | 0.36 | 0.89 | 2.47 | |||
| VKQ | 0.41 | 0.06 | (0.13) | (3.37) | 0.38 | 0.91 | 2.19 | |||
| VCV | 0.57 | 0.00 | (0.19) | 0.09 | 0.69 | 1.09 | 3.87 | |||
| BSIG | 1.42 | 0.20 | 0.16 | 0.23 | 1.30 | 3.12 | 9.55 | |||
| APO | 1.54 | 0.43 | 0.40 | 0.35 | 0.89 | 4.26 | 12.83 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sofina Société 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?
Run Price Transformation Now
Price TransformationUse Price Transformation models to analyze the depth of different equity instruments across global markets |
| All Next | Launch Module |
Sofina Société Corporate Management
| Carine Leroy | Head of Human Resources | Profile | |
| Edward Koopman | Member of the Executive Committee | Profile | |
| JeanFranois Lambert | Head Operations | Profile | |
| Francois Gillet | Chief Investment Officer, Member of the Executive Committee | Profile | |
| Pascal Bossiroy | Head HR | Profile | |
| Wauthier Bassompierre | General Counsel, Member of the Executive Committee | Profile |