Schneider Electric Correlations

SND Stock

240.45 1.45 0.60%

The current 90-days correlation between Schneider Electric and Talanx AG is 0.14 (i.e., Average diversification). The correlation of Schneider Electric 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.

Schneider Electric Correlation With Market

Very weak diversification

The correlation between Schneider Electric SE and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Schneider Electric SE and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Schneider Stock

0.83	SIEB	SIEMENS AG SP	Pair Corr
0.86	SIE	Siemens Aktiengesellscha	Pair Corr
0.86	SIE	Siemens Aktiengesellscha	Pair Corr
0.85	4PG	Otis Worldwide Corp	Pair Corr
0.72	APC	Apple Inc	Pair Corr
0.72	APC	Apple Inc	Pair Corr
0.74	APC	Apple Inc	Pair Corr
0.73	APC	Apple Inc	Pair Corr
0.69	APC	Apple Inc	Pair Corr
0.72	APC	Apple Inc	Pair Corr
0.69	MSF	Microsoft	Pair Corr
0.7	MSF	Microsoft	Pair Corr
0.67	MSF	Microsoft	Pair Corr
0.7	MSF	Microsoft	Pair Corr
0.75	UN3	United Natural Foods	Pair Corr
0.7	E908	Lyxor 1	Pair Corr
0.76	DBPE	Xtrackers LevDAX	Pair Corr

Moving against Schneider Stock

0.87	DBPD	Xtrackers ShortDAX	Pair Corr
0.61	VWSB	Vestas Wind Systems	Pair Corr
0.6	VWSB	Vestas Wind Systems	Pair Corr

Related Correlations Analysis

	8SP	6NM	39O1	2DG	TLX	TM9	INVN	IUI1	6HW	VOW
8SP		0.66	0.32	0.73	0.24	0.26	-0.75	-0.84	0.61	0.8	8SP
6NM	0.66		0.45	0.22	0.22	0.23	-0.31	-0.43	0.16	0.38	6NM
39O1	0.32	0.45		0.17	-0.22	0.46	-0.05	-0.31	-0.13	0.35	39O1
2DG	0.73	0.22	0.17		0.11	0.18	-0.81	-0.87	0.8	0.91	2DG
TLX	0.24	0.22	-0.22	0.11		-0.01	-0.09	-0.06	0.35	0.14	TLX
TM9	0.26	0.23	0.46	0.18	-0.01		-0.05	-0.26	0.0	0.3	TM9
INVN	-0.75	-0.31	-0.05	-0.81	-0.09	-0.05		0.85	-0.77	-0.76	INVN
IUI1	-0.84	-0.43	-0.31	-0.87	-0.06	-0.26	0.85		-0.64	-0.85	IUI1
6HW	0.61	0.16	-0.13	0.8	0.35	0.0	-0.77	-0.64		0.72	6HW
VOW	0.8	0.38	0.35	0.91	0.14	0.3	-0.76	-0.85	0.72		VOW
	8SP	6NM	39O1	2DG	TLX	TM9	INVN	IUI1	6HW	VOW

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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

VOW	+ 0.91	2DG
IUI1	+ 0.85	INVN
VOW	+ 0.8	8SP
6HW	+ 0.8	2DG
2DG	+ 0.73	8SP
VOW	+ 0.72	6HW

High negative correlations

IUI1	- 0.87	2DG
VOW	- 0.85	IUI1
IUI1	- 0.84	8SP
INVN	- 0.81	2DG
6HW	- 0.77	INVN
VOW	- 0.76	INVN

Risk-Adjusted Indicators

There is a big difference between Schneider Stock performing well and Schneider Electric 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 Schneider Electric'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
8SP	2.10	(0.13)	0.00	1.09	0.00	0.00	3.38	(4.74)	20.22
6NM	1.23	0.00	(0.02)	0.12	1.76	(1.32)	2.79	(2.69)	9.64
39O1	3.77	0.20	0.04	0.41	3.51	(5.27)	8.41	(5.38)	34.42
2DG	3.89	(1.69)	0.00	(1.15)	0.00	0.00	6.45	(8.57)	52.42
TLX	0.97	(0.02)	(0.07)	0.08	1.13	(1.12)	2.67	(1.64)	7.58
TM9	2.78	0.08	(0.02)	(0.02)	4.26	(3.08)	5.56	(6.43)	36.50
INVN	2.16	0.13	0.04	0.28	2.54	(2.55)	5.61	(4.98)	14.01
IUI1	1.26	0.26	0.14	0.90	1.05	(1.49)	3.28	(1.96)	10.01
6HW	0.42	(0.10)	0.00	0.91	0.00	0.00	1.21	(1.80)	5.39
VOW	1.22	(0.32)	0.00	14.65	0.00	0.00	2.12	(2.99)	9.42

Be your own money manager

Our tools can tell you how much better you can do entering a position in Schneider Electric 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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Schneider Electric Corporate Management

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

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