Strabag SE Correlations

STBBF Stock

USD 111.23 6.23 5.93%

The current 90-days correlation between Strabag SE and Eiffage SA ADR is -0.03 (i.e., Good diversification). The correlation of Strabag 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.

Strabag SE Correlation With Market

Poor diversification

The correlation between Strabag SE and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strabag SE and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Strabag 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 Strabag 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 Strabag 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 Strabag SE to buy it.

Moving together with Strabag Pink Sheet

0.78	BMYMP	Bristol Myers Squibb	Pair Corr
0.83	TSM	Taiwan Semiconductor	Pair Corr
0.77	KB	KB Financial Group	Pair Corr
0.76	SHG	Shinhan Financial	Pair Corr
0.68	EC	Ecopetrol SA ADR Earnings Call This Week	Pair Corr
0.78	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.79	WF	Woori Financial Group	Pair Corr
0.74	ACGL	Arch Capital Group	Pair Corr
0.84	CING	Cingulate	Pair Corr
0.85	MTZ	MasTec Inc	Pair Corr
0.66	CLEGF	Coles Group	Pair Corr
0.68	BYM	BlackRock Municipal	Pair Corr
0.78	FLFG	Federal Life Group	Pair Corr
0.8	CMA	Comerica Incorporated	Pair Corr
0.87	WLK	Westlake Chemical	Pair Corr
0.88	SBKO	Summit Bank Group	Pair Corr
0.65	AOIFF	Africa Oil Corp	Pair Corr
0.9	VOD	Vodafone Group PLC	Pair Corr
0.87	IFS	Intercorp Financial	Pair Corr
0.69	TG	Tredegar	Pair Corr
0.7	WEJTY	Webjet Limited	Pair Corr
0.91	STRS	Stratus Properties	Pair Corr
0.86	JNJ	Johnson Johnson	Pair Corr
0.71	MFGCF	Mayfair Gold Corp	Pair Corr
0.66	DAWN	Day One Biopharmaceu	Pair Corr
0.81	TWMIF	Tidewater Midstream and Earnings Call This Week	Pair Corr
0.68	NTRSO	Northern Trust	Pair Corr
0.63	XYIGY	Xinyi Glass Holdings	Pair Corr

Moving against Strabag Pink Sheet

0.81	MSFT	Microsoft	Pair Corr
0.75	VFSWW	VinFast Auto	Pair Corr
0.47	AMZN	Amazon Inc	Pair Corr
0.47	TLK	Telkom Indonesia Tbk	Pair Corr
0.32	AAPL	Apple Inc	Pair Corr
0.65	SPR	Spirit Aerosystems	Pair Corr

Related Correlations Analysis

	EFGSY	SKSBF	TISCY	SKBSY	SNCAF	EFGSF	OBYCF	ACXIF	MLLUY	QABSY
EFGSY		0.66	0.88	0.67	0.54	0.5	0.88	0.75	-0.59	0.77	EFGSY
SKSBF	0.66		0.58	0.95	0.81	0.77	0.76	0.6	-0.92	0.82	SKSBF
TISCY	0.88	0.58		0.59	0.34	0.51	0.82	0.79	-0.52	0.71	TISCY
SKBSY	0.67	0.95	0.59		0.84	0.83	0.75	0.66	-0.91	0.84	SKBSY
SNCAF	0.54	0.81	0.34	0.84		0.73	0.7	0.4	-0.76	0.75	SNCAF
EFGSF	0.5	0.77	0.51	0.83	0.73		0.59	0.63	-0.72	0.82	EFGSF
OBYCF	0.88	0.76	0.82	0.75	0.7	0.59		0.65	-0.73	0.8	OBYCF
ACXIF	0.75	0.6	0.79	0.66	0.4	0.63	0.65		-0.52	0.67	ACXIF
MLLUY	-0.59	-0.92	-0.52	-0.91	-0.76	-0.72	-0.73	-0.52		-0.74	MLLUY
QABSY	0.77	0.82	0.71	0.84	0.75	0.82	0.8	0.67	-0.74		QABSY
	EFGSY	SKSBF	TISCY	SKBSY	SNCAF	EFGSF	OBYCF	ACXIF	MLLUY	QABSY

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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

SKBSY	+ 0.95	SKSBF
TISCY	+ 0.88	EFGSY
OBYCF	+ 0.88	EFGSY
SNCAF	+ 0.84	SKBSY
QABSY	+ 0.84	SKBSY
EFGSF	+ 0.83	SKBSY

High negative correlations

MLLUY	- 0.92	SKSBF
MLLUY	- 0.91	SKBSY
MLLUY	- 0.76	SNCAF
QABSY	- 0.74	MLLUY
MLLUY	- 0.73	OBYCF
MLLUY	- 0.72	EFGSF

Risk-Adjusted Indicators

There is a big difference between Strabag Pink Sheet performing well and Strabag 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 Strabag 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
EFGSY	1.59	0.44	0.15	1.06	1.76	(1.90)	3.65	(2.45)	13.40
SKSBF	0.94	0.23	0.07	1.46	0.78	(2.48)	2.61	(2.29)	12.69
TISCY	2.22	0.87	0.00	(31.64)	0.00	0.00	7.83	(2.77)	43.89
SKBSY	1.18	0.27	0.18	0.67	1.05	(1.38)	3.13	(1.86)	7.45
SNCAF	1.72	0.17	0.06	0.26	2.41	(1.92)	3.91	(3.18)	18.63
EFGSF	0.26	0.11	0.00	1.86	0.00	0.00	0.00	0.00	8.47
OBYCF	1.79	0.46	0.16	0.68	1.54	(2.52)	4.11	(3.51)	14.87
ACXIF	1.63	0.59	0.12	(1.06)	1.41	(3.09)	6.47	(2.99)	13.27
MLLUY	0.67	(0.31)	0.00	1.44	0.00	0.00	0.00	(0.19)	19.85
QABSY	1.19	0.21	0.08	0.94	1.67	(1.36)	2.72	(2.34)	13.63

Be your own money manager

Our tools can tell you how much better you can do entering a position in Strabag 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.

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Strabag SE Corporate Management

Marianne Jakl	Interim Relations	Profile
Alfred Watzl	Member of the Management Board	Profile
Klemens Haselsteiner	Chief Board	Profile
Siegfried Wanker	Member of the Management Board	Profile
Magistrate Harder	CFO Board	Profile

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