Swatch Correlations
| UHR Stock | 168.25 1.05 0.63% |
The correlation of Swatch 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.
Swatch Correlation With Market
Good diversification
The correlation between The Swatch Group and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Swatch Group and DJI in the same portfolio, assuming nothing else is changed.
Swatch |
The ability to find closely correlated positions to Swatch could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Swatch 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 Swatch - 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 The Swatch Group to buy it.
Moving together with Swatch Stock
Moving against Swatch Stock
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 Swatch Stock performing well and Swatch 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 Swatch'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AVOL | 0.93 | 0.15 | 0.07 | (1.67) | 1.05 | 2.27 | 8.79 | |||
| SIGN | 1.79 | 0.65 | 0.23 | (4.71) | 1.74 | 4.06 | 12.99 | |||
| AUTN | 0.90 | 0.09 | 0.04 | 0.39 | 1.16 | 1.94 | 4.51 | |||
| MOZN | 1.01 | 0.26 | 0.20 | 0.60 | 0.73 | 2.19 | 12.89 | |||
| VETN | 1.60 | (0.19) | 0.00 | (0.36) | 0.00 | 3.37 | 11.06 | |||
| VZUG | 1.53 | (0.07) | 0.00 | 0.82 | 0.00 | 4.13 | 15.16 | |||
| LMN | 1.58 | (0.19) | 0.00 | 0.57 | 0.00 | 3.20 | 11.45 | |||
| TIBN | 1.11 | 0.35 | 0.21 | 2.57 | 0.87 | 3.38 | 7.71 | |||
| ASWN | 3.30 | (0.26) | 0.00 | 0.85 | 0.00 | 6.56 | 22.52 |
Swatch Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Swatch stock to make a market-neutral strategy. Peer analysis of Swatch could also be used in its relative valuation, which is a method of valuing Swatch by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Swatch Corporate Management
Elected by the shareholders, the Swatch's board of directors comprises two types of representatives: Swatch inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Swatch. The board's role is to monitor Swatch's management team and ensure that shareholders' interests are well served. Swatch'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, Swatch's outside directors are responsible for providing unbiased perspectives on the board's policies.
| PierreAndre Buhler | Member Board | Profile | |
| Peter Steiger | Member Board | Profile | |
| HansRudolf Gottier | Member Crystal | Profile | |
| Francois Thiebaud | Chairman Board | Profile | |
| Marc Hayek | Member Board | Profile | |
| Thierry Kenel | CFO Board | Profile | |
| Florence OllivierLamarque | Member Boutiques | Profile |