Sixt SE Correlations
| SIX2 Stock | 81.75 1.75 2.19% |
The current 90-days correlation between Sixt SE and AMERCO is -0.02 (i.e., Good diversification). The correlation of Sixt SE 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.
Sixt SE Correlation With Market
Significant diversification
The correlation between Sixt SE and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sixt SE and DJI in the same portfolio, assuming nothing else is changed.
Sixt |
The ability to find closely correlated positions to Sixt SE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sixt SE 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 Sixt SE - 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 Sixt SE to buy it.
Moving together with Sixt Stock
| 0.68 | SIX3 | Sixt SE | PairCorr |
| 0.74 | SIX3 | Sixt SE | PairCorr |
| 0.65 | DDN | Darden Restaurants | PairCorr |
| 0.81 | Z56 | QINGCI GAMES INC | PairCorr |
| 0.82 | ESY | Easy Software AG | PairCorr |
| 0.82 | NH5 | NH HOTEL GROUP | PairCorr |
| 0.64 | C8C | Consolidated Communications | PairCorr |
| 0.85 | UN9 | UNIQA INSURANCE GR | PairCorr |
| 0.63 | FTK | flatexDEGIRO AG | PairCorr |
Moving against Sixt Stock
| 0.79 | 0LC | Ashtead Group plc | PairCorr |
| 0.76 | UR3 | United Rentals Earnings Call This Week | PairCorr |
| 0.38 | CUCA | Avis Budget Group | PairCorr |
| 0.33 | 61F | ELEMENT FLEET MGMT | PairCorr |
| 0.32 | WS11 | WillScot Mobile Mini | 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 Sixt Stock performing well and Sixt SE 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 Sixt SE'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| UR3 | 1.70 | (0.01) | 0.00 | (0.01) | 0.00 | 3.73 | 18.61 | |||
| 0LC | 1.43 | (0.15) | 0.00 | (0.27) | 0.00 | 2.93 | 16.80 | |||
| AUK | 1.39 | (0.03) | 0.00 | 2.62 | 0.00 | 2.94 | 10.34 | |||
| WS11 | 2.15 | 0.11 | 0.03 | (0.59) | 3.12 | 5.81 | 20.34 | |||
| CUCA | 2.47 | 0.26 | 0.10 | 0.44 | 2.43 | 6.20 | 18.23 | |||
| 3AL | 2.05 | 0.19 | 0.07 | 1.21 | 2.63 | 3.97 | 15.73 | |||
| SIX3 | 1.02 | 0.13 | 0.08 | (0.93) | 1.50 | 2.21 | 10.09 | |||
| 61F | 1.43 | 0.02 | 0.01 | 0.11 | 1.75 | 3.08 | 11.98 | |||
| SIX2 | 1.23 | 0.26 | 0.12 | 10.10 | 1.74 | 2.28 | 11.81 | |||
| SIX3 | 1.12 | 0.12 | 0.07 | (1.27) | 1.51 | 2.21 | 9.93 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sixt SE 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 AI Portfolio Architect Now
AI Portfolio ArchitectUse AI to generate optimal portfolios and find profitable investment opportunities |
| All Next | Launch Module |
Sixt SE Corporate Executives
Elected by the shareholders, the Sixt SE's board of directors comprises two types of representatives: Sixt SE inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sixt. The board's role is to monitor Sixt SE's management team and ensure that shareholders' interests are well served. Sixt SE'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, Sixt SE's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kai Andrejewski | CFO Board | Profile | |
| Nico Gabriel | COO Board | Profile |