Société Générale Correlations

Stocks . Germany . 
Stock . Socit Gnrale Socit
SGE Stock   25.95  0.66  2.48%   
The current 90-days correlation between Socit Gnrale Socit and QBE Insurance Group is -0.21 (i.e., Very good diversification). The correlation of Société Générale 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.

Société Générale Correlation With Market

Significant diversification

The correlation between Socit Gnrale Socit and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Socit Gnrale Socit and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Société Générale could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Société Générale 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 Société Générale - 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 Socit Gnrale Socit to buy it.

Moving together with Société Stock

  0.7D1NC DNB BANK ASAPairCorr
  0.65DBK Deutsche Bank AktienPairCorr
  0.86KONN Komercn banka asPairCorr
  0.87SYU1 Synovus Financial CorpPairCorr
  0.85WMT WalmartPairCorr
  0.86WMT WalmartPairCorr
  0.88AMZ Amazon IncPairCorr
  0.9AMZ Amazon IncPairCorr
  0.78HHP2 Hon Hai PrecisionPairCorr
  0.89EV9 Entravision CommunicationsPairCorr
  0.61KM6 ADHI KARYAPairCorr
  0.89HEIA HEIAPairCorr
  0.76MM3 Merit Medical SystemsPairCorr
  0.81CM2 CAL MAINE FOODSPairCorr
  0.84SAP SAP SEPairCorr
  0.83IUI1 INTUITIVE SURGICALPairCorr
  0.9RF6 CBRE Group ClassPairCorr
  0.669MDA MEITUAN UNSPADR/2B Earnings Call This WeekPairCorr
  0.78AF4 Hanover InsurancePairCorr
  0.69TIA Tianjin Capital EnviPairCorr

Moving against Société Stock

  0.87VOW Volkswagen AGPairCorr
  0.85VOW3 Volkswagen AG VZOPairCorr
  0.85VOW3 Volkswagen AGPairCorr
  0.84VOWB VOLKSWAGEN AG VZPairCorr
  0.52BZI Santander Bank PolskaPairCorr
  0.36BNP BNP Paribas SAPairCorr
  0.38DBPD Xtrackers ShortDAXPairCorr

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   
AF4
+ 0.95
QBE
E5M
+ 0.86
QBE
S49
+ 0.84
7SU
7SU
+ 0.83
QBE
GTR
+ 0.83
7SU
E5M
+ 0.82
AF4
  
High negative correlations   
YRB
- 0.71
QBE
YRB
- 0.7
7SU
AF4
- 0.67
YRB
E5M
- 0.66
YRB
S49
- 0.56
YRB
GTR
- 0.44
YRB

Risk-Adjusted Indicators

There is a big difference between Société Stock performing well and Société Générale 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 Société Générale'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 Société Générale 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 Risk-Return Analysis Now

   

Risk-Return Analysis

View associations between returns expected from investment and the risk you assume
All  Next Launch Module

Société Générale Corporate Management

Elected by the shareholders, the Société Générale's board of directors comprises two types of representatives: Société Générale inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Société. The board's role is to monitor Société Générale's management team and ensure that shareholders' interests are well served. Société Générale'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, Société Générale's outside directors are responsible for providing unbiased perspectives on the board's policies.
Frederic OudeaMD CEOProfile
Dominique BourrinetGroup CounselProfile
Philippe AymerichDeputy OfficerProfile
Diony LebotDeputy OfficerProfile
Gaelle OlivierCOO GMProfile
Claire DumasGroup DepartmentProfile
Carlos GoncalvesGlobal OfficerProfile
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY