Sulzer Correlations
| SULZF Stock | USD 219.84 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
Very weak diversification
The correlation between Sulzer and DJI is 0.58 (i.e., Very weak 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.
Sulzer |
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
| 0.74 | GE | GE Aerospace | PairCorr |
| 0.79 | GEV | GE Vernova LLC | PairCorr |
| 0.8 | PH | Parker Hannifin | PairCorr |
| 0.71 | SBGSY | Schneider Electric | PairCorr |
| 0.7 | SBGSF | Schneider Electric | PairCorr |
| 0.66 | ITW | Illinois Tool Works | PairCorr |
| 0.67 | EMR | Emerson Electric | PairCorr |
| 0.63 | NFPDF | Nissin Foods Holdings | PairCorr |
| 0.8 | FMCB | Farmers Merchants Bancorp | PairCorr |
| 0.71 | DAIUF | Daifuku Co | PairCorr |
| 0.62 | FUWAF | Furukawa Electric | PairCorr |
| 0.68 | ACNE | Alice Consolidated Mines | PairCorr |
| 0.75 | UAA | Under Armour A | PairCorr |
| 0.61 | GBOOY | Grupo Financiero Banorte | PairCorr |
| 0.76 | JOE | St Joe Company | PairCorr |
| 0.78 | PALAF | Paladin Energy Downward Rally | PairCorr |
| 0.77 | STRS | Stratus Properties | PairCorr |
| 0.76 | SOJE | Southern Company | PairCorr |
| 0.73 | MSGE | Madison Square Garden | PairCorr |
| 0.84 | FNV | Franco Nevada | PairCorr |
| 0.63 | OTSKY | Otsuka Holdings | PairCorr |
| 0.74 | TOELF | Tokyo Electron | PairCorr |
| 0.64 | AEMMY | A2A SpA ADR | PairCorr |
| 0.74 | BNL | Broadstone Net Lease | PairCorr |
Moving against Sulzer Pink Sheet
| 0.6 | NDEKY | Nitto Denko Corp | PairCorr |
| 0.32 | 743674AY9 | PROTECTIVE LIFE P | PairCorr |
| 0.53 | ERHE | ERHC Energy | PairCorr |
| 0.39 | ICNM | Icon Media Holdings | PairCorr |
Related Correlations Analysis
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 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 | |||
| FCHRF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IMIAF | 0.62 | 0.31 | 0.00 | (3.86) | 0.00 | 2.67 | 6.34 | |||
| XJNGF | 2.23 | 0.40 | 0.05 | 0.57 | 2.95 | 8.59 | 26.73 | |||
| YOKEF | 13.53 | 6.92 | 0.00 | 7.49 | 0.00 | 31.90 | 22.23 | |||
| VLMTY | 0.33 | (0.08) | 0.00 | 0.75 | 0.00 | 0.00 | 11.11 | |||
| SPXSY | 1.20 | 0.14 | 0.09 | 0.20 | 1.29 | 2.68 | 5.84 | |||
| SPXSF | 0.63 | 0.15 | 0.05 | 0.25 | 0.63 | 2.50 | 12.21 | |||
| EBCOF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ADRZF | 0.67 | 0.32 | 0.00 | 5.53 | 0.00 | 0.00 | 17.14 |
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.Did you try this?
Run Stock Screener Now
Stock ScreenerFind equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. |
| All Next | Launch Module |
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 |