Sulzer AG Correlations

SUN Stock

CHF 175.00 0.80 0.46%

The current 90-days correlation between Sulzer AG and Implenia AG is 0.2 (i.e., Modest diversification). The correlation of Sulzer AG 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.

Sulzer AG Correlation With Market

Very poor diversification

The correlation between Sulzer AG and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sulzer AG and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Sulzer AG 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 AG 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 AG - 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 AG to buy it.

Moving together with Sulzer Stock

0.87	RIEN	Rieter Holding AG	Pair Corr
0.87	BBN	Bellevue Group AG Earnings Call This Week	Pair Corr
0.96	WKBN	Banque Cantonale	Pair Corr
0.93	ALLN	Allreal Holding Earnings Call This Week	Pair Corr
0.95	BCVN	Banque Cantonale Vaudoise	Pair Corr
0.75	IMPN	Implenia AG	Pair Corr
0.87	GMI	Groupe Minoteries	Pair Corr
0.89	BEAN	Belimo Holding Earnings Call This Week	Pair Corr
0.74	CLN	Clariant AG	Pair Corr
0.93	REAL	SXI Real Estate	Pair Corr
0.72	SGSN	SGS SA	Pair Corr
0.95	JFN	Jungfraubahn Holding	Pair Corr
0.96	VATN	Valiant Holding AG	Pair Corr
0.89	BCGE	Banque Cantonale	Pair Corr
0.93	GRKP	Graubuendner Kantonalbank	Pair Corr
0.8	DKSH	DKSH Holding AG Earnings Call Today	Pair Corr
0.96	LLBN	Liechtensteinische Earnings Call This Week	Pair Corr
0.91	SIGN	SIG Combibloc Group	Pair Corr
0.8	SCHN	Schindler Holding	Pair Corr
0.91	ISN	Intershop Holding	Pair Corr
0.89	PSPN	PSP Swiss Property Earnings Call This Week	Pair Corr
0.91	VAHN	Vaudoise Assurances	Pair Corr
0.97	VACN	VAT Group AG	Pair Corr
0.96	COTN	Comet Holding AG	Pair Corr
0.71	PPGN	PolyPeptide Group	Pair Corr
0.96	IREN	Investis Holding	Pair Corr
0.89	BAER	Julius Baer Gruppe	Pair Corr
0.94	MOBN	Mobimo Hldg	Pair Corr
0.96	ESUN	Edisun Power Europe	Pair Corr
0.89	ZEHN	Zehnder	Pair Corr
0.76	BCHN	Burckhardt Compression	Pair Corr

Moving against Sulzer Stock

0.5

ORON

Orior AG

Pair Corr

Related Correlations Analysis

	FORN	BYS	IMPN	MIKN	ZEHN	MTG	BOSN	KOMN	MEDX
FORN		0.85	0.86	-0.38	0.94	0.25	0.23	0.64	0.93	FORN
BYS	0.85		0.87	-0.07	0.86	0.33	0.19	0.54	0.83	BYS
IMPN	0.86	0.87		-0.06	0.89	0.5	0.16	0.51	0.91	IMPN
MIKN	-0.38	-0.07	-0.06		-0.35	0.28	-0.43	-0.57	-0.18	MIKN
ZEHN	0.94	0.86	0.89	-0.35		0.35	0.37	0.69	0.87	ZEHN
MTG	0.25	0.33	0.5	0.28	0.35		0.32	0.33	0.39	MTG
BOSN	0.23	0.19	0.16	-0.43	0.37	0.32		0.61	0.11	BOSN
KOMN	0.64	0.54	0.51	-0.57	0.69	0.33	0.61		0.49	KOMN
MEDX	0.93	0.83	0.91	-0.18	0.87	0.39	0.11	0.49		MEDX
	FORN	BYS	IMPN	MIKN	ZEHN	MTG	BOSN	KOMN	MEDX

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

ZEHN	+ 0.94	FORN
MEDX	+ 0.93	FORN
MEDX	+ 0.91	IMPN
ZEHN	+ 0.89	IMPN
IMPN	+ 0.87	BYS
MEDX	+ 0.87	ZEHN

High negative correlations

KOMN	- 0.57	MIKN
BOSN	- 0.43	MIKN
MIKN	- 0.38	FORN
ZEHN	- 0.35	MIKN
MEDX	- 0.18	MIKN
MIKN	- 0.07	BYS

Risk-Adjusted Indicators

There is a big difference between Sulzer Stock performing well and Sulzer AG 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 AG'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
FORN	1.13	0.46	0.31	(4.55)	0.83	(1.34)	2.62	(1.71)	7.55
BYS	1.62	0.15	0.04	(0.46)	1.70	(1.93)	3.53	(3.05)	8.61
IMPN	1.63	0.36	0.20	0.61	1.36	(2.03)	4.17	(2.72)	10.54
MIKN	1.87	(0.13)	0.00	0.28	0.00	0.00	3.80	(3.86)	19.62
ZEHN	1.37	0.40	0.15	2.92	2.08	(1.51)	2.57	(2.16)	12.83
MTG	1.28	0.10	0.03	0.69	1.67	(1.44)	3.41	(2.20)	9.93
BOSN	1.19	0.04	(0.02)	(0.20)	1.44	(1.40)	2.34	(2.51)	8.85
KOMN	1.95	0.29	0.10	3.60	2.16	(2.19)	4.62	(3.62)	10.87
MEDX	1.21	0.44	0.29	1.35	0.91	(1.36)	2.93	(2.04)	13.55

Be your own money manager

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

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

Armand Sohet	Chief Officer	Profile
Haining Auperin	Chief Officer	Profile
Emmanuel Rapendy	Global Crystallization	Profile
Bruno Gerig	Head Metco	Profile
Keith Dowle	Head Pumps	Profile
Louise Graffner	Group Officer	Profile
Christoph Ladner	Head Relations	Profile

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