Synthomer Plc Correlations
| SYYYF Stock | USD 0.86 0.94 52.22% |
The current 90-days correlation between Synthomer plc and Carbios SAS is -0.09 (i.e., Good diversification). The correlation of Synthomer Plc 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.
Synthomer Plc Correlation With Market
Good diversification
The correlation between Synthomer plc and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Synthomer plc and DJI in the same portfolio, assuming nothing else is changed.
Synthomer |
The ability to find closely correlated positions to Synthomer Plc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Synthomer Plc 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 Synthomer Plc - 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 Synthomer plc to buy it.
Moving against Synthomer Pink Sheet
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| 0.36 | SXYAY | Sika AG ADR | PairCorr |
| 0.32 | SKFOF | Sika AG | PairCorr |
| 0.41 | PFE | Pfizer Inc | PairCorr |
| 0.39 | CVX | Chevron Corp | PairCorr |
| 0.35 | VZ | Verizon Communications | 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
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Risk-Adjusted Indicators
There is a big difference between Synthomer Pink Sheet performing well and Synthomer Plc 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 Synthomer Plc'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NNOMF | 3.99 | (0.52) | 0.00 | (0.12) | 0.00 | 9.85 | 36.89 | |||
| PDIV | 14.55 | (2.73) | 0.00 | (0.41) | 0.00 | 40.00 | 164.29 | |||
| ECGFF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CEXPF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| YIPCF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| COOSF | 5.16 | 1.00 | 0.07 | (0.87) | 5.81 | 10.19 | 76.94 | |||
| GRRLF | 1.19 | 0.19 | 0.00 | (1.04) | 0.00 | 5.56 | 41.05 | |||
| JUBPF | 2.22 | 0.57 | 0.00 | (0.96) | 0.00 | 0.00 | 45.00 | |||
| WEBC | 0.71 | 0.17 | 0.00 | 0.75 | 0.00 | 2.56 | 12.85 | |||
| ECSNF | 1.06 | (0.05) | 0.00 | (0.04) | 0.00 | 6.29 | 23.03 |
Be your own money manager
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Synthomer Plc Corporate Management
| Michael HSG | CEO Director | Profile | |
| Richard Atkinson | Ex Officer | Profile | |
| Tim Hughes | Pres Devel | Profile | |
| Ana Laloe | Pres Specialities | Profile | |
| Lily Liu | CFO Director | Profile | |
| Alice HeezenDokianos | Chief Officer | Profile | |
| Neil Whitley | Asia, Division | Profile |