UNITEDLABELS Aktiengesellscha Correlations
| ULC Stock | EUR 1.14 0.00 0.00% |
The current 90-days correlation between UNITEDLABELS Aktiengesellscha and Samsung Electronics Co is 0.2 (i.e., Modest diversification). The correlation of UNITEDLABELS Aktiengesellscha 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.
UNITEDLABELS Aktiengesellscha Correlation With Market
Poor diversification
The correlation between UNITEDLABELS Aktiengesellschaf and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UNITEDLABELS Aktiengesellschaf and DJI in the same portfolio, assuming nothing else is changed.
UNITEDLABELS |
The ability to find closely correlated positions to UNITEDLABELS Aktiengesellscha could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace UNITEDLABELS Aktiengesellscha 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 UNITEDLABELS Aktiengesellscha - 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 UNITEDLABELS Aktiengesellschaft to buy it.
Moving together with UNITEDLABELS Stock
| 0.64 | TM2 | Sydbank A/S Earnings Call Tomorrow | PairCorr |
| 0.62 | BFP | BBVA Banco Frances | PairCorr |
| 0.61 | RH7 | RYMAN HEALTHCAR | PairCorr |
| 0.63 | 1SZ0 | Santacruz Silver Mining Split | PairCorr |
Moving against UNITEDLABELS Stock
| 0.63 | 5F3 | JINS HOLDINGS INC | PairCorr |
| 0.49 | SON1 | Sony Group Corp | PairCorr |
| 0.38 | KMY | Kimberly Clark | PairCorr |
| 0.54 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.48 | 8LU | TAURUS ENERGY AB | 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 UNITEDLABELS Stock performing well and UNITEDLABELS Aktiengesellscha 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 UNITEDLABELS Aktiengesellscha'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PQ9 | 0.54 | 0.12 | 0.00 | 0.51 | 0.00 | 4.55 | 9.11 | |||
| PQ9 | 0.99 | 0.17 | 0.00 | (0.75) | 0.00 | 4.35 | 24.58 | |||
| PQ9 | 4.85 | 0.25 | 0.03 | 0.17 | 5.73 | 17.39 | 40.26 | |||
| PQ9 | 2.72 | 0.42 | 0.06 | 166.48 | 2.89 | 5.00 | 26.79 | |||
| BKE1 | 2.51 | 0.18 | 0.01 | (0.16) | 3.41 | 5.00 | 37.50 | |||
| BKE1 | 1.14 | 0.25 | 0.00 | (3.22) | 0.00 | 0.00 | 29.17 | |||
| SSUN | 2.47 | 0.96 | 0.29 | (0.98) | 2.09 | 6.10 | 13.83 | |||
| SSUN | 2.61 | 0.83 | 0.27 | 1.18 | 2.32 | 6.04 | 14.94 | |||
| SSU | 2.95 | 1.06 | 0.36 | 5.40 | 2.24 | 7.66 | 15.03 |
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UNITEDLABELS Aktiengesellscha Corporate Management
Elected by the shareholders, the UNITEDLABELS Aktiengesellscha's board of directors comprises two types of representatives: UNITEDLABELS Aktiengesellscha inside directors who are chosen from within the company, and outside directors, selected externally and held independent of UNITEDLABELS. The board's role is to monitor UNITEDLABELS Aktiengesellscha's management team and ensure that shareholders' interests are well served. UNITEDLABELS Aktiengesellscha'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, UNITEDLABELS Aktiengesellscha's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Peter Boder | Chairman CEO | Profile | |
| Christina Grimmelt | Head Design | Profile | |
| Marc Harenkamp | Head Logistics | Profile | |
| Carla Brandenburg | Head Management | Profile | |
| Leona Braun | Head Textile | Profile | |
| Marija Bernhardt | Head Fin | Profile | |
| Andre Dalhoff | Head ECommerce | Profile |