Sulzer Correlations

SULZF Stock

USD 178.50 0.00 0.00%

The correlation of Sulzer 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.

Sulzer Correlation With Market

Significant diversification

The correlation between Sulzer and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sulzer and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Sulzer Pink Sheet

0.66	ITW	Illinois Tool Works	Pair Corr
0.61	NSFDF	NXT Energy Solutions	Pair Corr
0.66	HD	Home Depot	Pair Corr

Moving against Sulzer Pink Sheet

0.83	NHIC	NewHold Investment Corp	Pair Corr
0.77	AAPL	Apple Inc	Pair Corr
0.6	ZTLLF	Zonetail	Pair Corr
0.59	PH	Parker Hannifin	Pair Corr
0.59	JBHT	JB Hunt Transport	Pair Corr
0.49	MTC	MMTEC Inc Tech Boost	Pair Corr
0.88	MMM	3M Company	Pair Corr
0.76	IBM	International Business	Pair Corr
0.66	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.65	DD	Dupont De Nemours	Pair Corr
0.63	AXP	American Express	Pair Corr
0.62	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.5	MRK	Merck Company Aggressive Push	Pair Corr
0.48	BAC	Bank of America	Pair Corr
0.45	INTC	Intel Sell-off Trend	Pair Corr
0.32	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	VOYJF	FCHRF	IMIAF	XJNGF	YOKEF	VLMTY	SPXSY	SPXSF	EBCOF	ADRZF
VOYJF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	VOYJF
FCHRF	0.0		-0.71	-0.07	0.0	-0.83	0.38	0.39	0.0	-0.13	FCHRF
IMIAF	0.0	-0.71		-0.22	0.0	0.63	-0.53	-0.62	0.0	0.38	IMIAF
XJNGF	0.0	-0.07	-0.22		0.0	0.25	-0.01	0.23	0.0	0.1	XJNGF
YOKEF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	YOKEF
VLMTY	0.0	-0.83	0.63	0.25	0.0		-0.36	-0.33	0.0	0.12	VLMTY
SPXSY	0.0	0.38	-0.53	-0.01	0.0	-0.36		0.47	0.0	-0.19	SPXSY
SPXSF	0.0	0.39	-0.62	0.23	0.0	-0.33	0.47		0.0	-0.37	SPXSF
EBCOF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	EBCOF
ADRZF	0.0	-0.13	0.38	0.1	0.0	0.12	-0.19	-0.37	0.0		ADRZF
	VOYJF	FCHRF	IMIAF	XJNGF	YOKEF	VLMTY	SPXSY	SPXSF	EBCOF	ADRZF

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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

VLMTY	+ 0.63	IMIAF
SPXSF	+ 0.47	SPXSY
SPXSF	+ 0.39	FCHRF
SPXSY	+ 0.38	FCHRF
ADRZF	+ 0.38	IMIAF
VLMTY	+ 0.25	XJNGF

High negative correlations

VLMTY	- 0.83	FCHRF
IMIAF	- 0.71	FCHRF
SPXSF	- 0.62	IMIAF
SPXSY	- 0.53	IMIAF
ADRZF	- 0.37	SPXSF
SPXSY	- 0.36	VLMTY

Risk-Adjusted Indicators

There is a big difference between Sulzer Pink Sheet performing well and Sulzer 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 Sulzer'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
VOYJF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FCHRF	0.14	(0.07)	0.00	0.45	0.00	0.00	0.00	0.00	4.58
IMIAF	0.62	0.33	0.00	(0.64)	0.00	0.00	2.67	0.00	6.34
XJNGF	2.48	0.40	0.05	2.47	3.10	(7.24)	10.00	(6.90)	31.80
YOKEF	13.53	6.95	0.00	139.96	0.00	0.00	31.90	(13.13)	22.23
VLMTY	0.06	0.02	0.00	(1.25)	0.00	0.00	0.00	0.00	2.10
SPXSY	1.32	(0.08)	0.00	(0.04)	0.00	0.00	2.67	(2.63)	7.47
SPXSF	0.50	(0.02)	0.00	0.13	0.00	0.00	0.87	(1.38)	14.15
EBCOF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ADRZF	0.21	0.08	0.00	1.78	0.00	0.00	0.00	0.00	6.31

Be your own money manager

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

Armand Sohet	Chief Human Resource Officer, Member of the Executive Board	Profile
Bruno Gerig	Head Metco	Profile
Keith Dowle	Head Pumps	Profile
Christoph Ladner	Head of Investor Relations	Profile
MS MBA	Pres CEO	Profile
Walter Herter	Head Technology	Profile
Thomas Zickler	CFO Treasurer	Profile

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