STANLEY ELECTRIC Correlations

STAA Stock

EUR 24.60 0.00 0.00%

The correlation of STANLEY 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.

The ability to find closely correlated positions to STANLEY 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 STANLEY 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 STANLEY 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 STANLEY ELECTRIC CO to buy it.

Related Correlations Analysis

	SDP	1HTA	IC1B	NH5	0XHR	MEL	RYAA	1HTA
SDP		0.32	0.06	0.12	0.41	-0.06	0.0	0.28	SDP
1HTA	0.32		0.84	0.46	0.88	0.75	0.0	0.94	1HTA
IC1B	0.06	0.84		0.49	0.87	0.89	0.0	0.86	IC1B
NH5	0.12	0.46	0.49		0.56	0.44	0.0	0.52	NH5
0XHR	0.41	0.88	0.87	0.56		0.73	0.0	0.9	0XHR
MEL	-0.06	0.75	0.89	0.44	0.73		0.0	0.8	MEL
RYAA	0.0	0.0	0.0	0.0	0.0	0.0		0.0	RYAA
1HTA	0.28	0.94	0.86	0.52	0.9	0.8	0.0		1HTA
	SDP	1HTA	IC1B	NH5	0XHR	MEL	RYAA	1HTA

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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

1HTA	+ 0.94	1HTA
1HTA	+ 0.9	0XHR
MEL	+ 0.89	IC1B
0XHR	+ 0.88	1HTA
0XHR	+ 0.87	IC1B
1HTA	+ 0.86	IC1B

High negative correlations

MEL	- 0.06	SDP
1HTA	- 0.0	RYAA
RYAA	- 0.0	MEL
RYAA	- 0.0	0XHR
RYAA	- 0.0	NH5
RYAA	- 0.0	IC1B

Risk-Adjusted Indicators

There is a big difference between STANLEY Stock performing well and STANLEY 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 STANLEY 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
SDP	1.51	(0.07)	(0.01)	0.07	1.45	(2.38)	3.51	(2.56)	11.59
1HTA	1.44	0.07	0.03	0.20	1.91	(1.52)	2.92	(3.33)	10.40
IC1B	1.36	0.47	0.15	(1.62)	1.35	(1.81)	2.86	(3.02)	14.21
NH5	2.04	0.20	0.00	(0.21)	2.43	(2.54)	5.40	(5.08)	14.42
0XHR	1.59	0.25	0.11	0.52	1.49	(2.15)	4.93	(3.01)	9.49
MEL	1.03	0.12	0.00	3.96	1.26	(1.10)	2.80	(2.31)	5.93
RYAA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
1HTA	1.41	0.14	0.04	0.43	1.64	(1.49)	2.73	(3.08)	8.21

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Our tools can tell you how much better you can do entering a position in STANLEY 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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STANLEY ELECTRIC Corporate Executives

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

Patrick Williams

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