Stabilus Correlations
| SIUAF Stock | USD 28.67 0.00 0.00% |
The current 90-days correlation between Stabilus SA and WashTec AG is -0.01 (i.e., Good diversification). The correlation of Stabilus 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.
Stabilus Correlation With Market
Very weak diversification
The correlation between Stabilus SA and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stabilus SA and DJI in the same portfolio, assuming nothing else is changed.
Stabilus |
The ability to find closely correlated positions to Stabilus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Stabilus 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 Stabilus - 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 Stabilus SA to buy it.
Moving together with Stabilus Pink Sheet
| 0.66 | GE | GE Aerospace | PairCorr |
| 0.82 | GEV | GE Vernova LLC Sell-off Trend | PairCorr |
| 0.77 | ETN | Eaton PLC | PairCorr |
| 0.8 | PH | Parker Hannifin | PairCorr |
| 0.82 | SBGSY | Schneider Electric | PairCorr |
| 0.78 | SBGSF | Schneider Electric | PairCorr |
| 0.87 | ITW | Illinois Tool Works | PairCorr |
| 0.74 | NFPDF | Nissin Foods Holdings | PairCorr |
| 0.78 | FMCB | Farmers Merchants Bancorp | PairCorr |
| 0.85 | DAIUF | Daifuku Co | PairCorr |
| 0.77 | FUWAF | Furukawa Electric | PairCorr |
| 0.74 | ACGL | Arch Capital Group | PairCorr |
| 0.65 | ACNE | Alice Consolidated Mines | PairCorr |
| 0.76 | UAA | Under Armour A | PairCorr |
| 0.68 | GBOOY | Grupo Financiero Banorte | PairCorr |
| 0.79 | JOE | St Joe Company | PairCorr |
| 0.66 | STRS | Stratus Properties | PairCorr |
| 0.71 | XYIGY | Xinyi Glass Holdings | PairCorr |
| 0.86 | CENT | Central Garden Pet | PairCorr |
| 0.62 | FNV | Franco Nevada | PairCorr |
| 0.81 | OTSKY | Otsuka Holdings | PairCorr |
| 0.76 | AEMMY | A2A SpA ADR | PairCorr |
| 0.68 | EFSC | Enterprise Financial | PairCorr |
| 0.75 | BNL | Broadstone Net Lease | PairCorr |
Moving against Stabilus Pink Sheet
| 0.33 | NDEKY | Nitto Denko Corp | PairCorr |
| 0.33 | VWAGY | Volkswagen AG 110 Earnings Call This Week | PairCorr |
| 0.53 | ERHE | ERHC Energy | PairCorr |
| 0.35 | ICNM | Icon Media Holdings | 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 Stabilus Pink Sheet performing well and Stabilus 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 Stabilus' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TSHMY | 0.07 | 0.02 | 0.00 | 0.31 | 0.00 | 0.00 | 2.30 | |||
| NHOXF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SKLUY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WHTAF | 1.15 | 0.57 | 0.00 | 1.01 | 0.00 | 1.02 | 30.10 | |||
| DAWIF | 0.52 | (0.30) | 0.00 | (0.32) | 0.00 | 0.00 | 17.34 | |||
| INDHF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GLCDF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| KMRCF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SHKBF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RNRTY | 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 Stabilus 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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Stabilus Corporate Management
| Xuefeng Tian | Country China | Profile | |
| Martina Widmer | VP Resource | Profile | |
| Michael Bchsner | CEO Board | Profile | |
| Stefan Bauerreis | CFO Board | Profile | |
| Anthony Haba | Regional NAFTA | Profile | |
| Johannes Pink | VP Operations | Profile | |
| JoongHo Lee | Country Korea | Profile |