Vetropack Holding Correlations
| VETN Stock | CHF 26.50 0.40 1.49% |
The current 90-days correlation between Vetropack Holding and Schweiter Technologies AG is 0.18 (i.e., Average diversification). The correlation of Vetropack Holding 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.
Vetropack Holding Correlation With Market
Average diversification
The correlation between Vetropack Holding SA and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vetropack Holding SA and DJI in the same portfolio, assuming nothing else is changed.
Vetropack |
The ability to find closely correlated positions to Vetropack Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vetropack Holding 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 Vetropack Holding - 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 Vetropack Holding SA to buy it.
Moving together with Vetropack Stock
Moving against Vetropack Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Vetropack Stock performing well and Vetropack Holding 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 Vetropack Holding'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SWTQ | 1.51 | (0.05) | (0.07) | (0.01) | 1.61 | 3.49 | 14.50 | |||
| SIGN | 1.32 | (0.02) | (0.05) | 0.07 | 1.71 | 2.79 | 8.41 | |||
| SFSN | 0.81 | (0.07) | 0.00 | (0.04) | 0.00 | 1.42 | 4.74 | |||
| BUCN | 0.90 | (0.15) | 0.00 | (0.18) | 0.00 | 2.00 | 6.51 | |||
| BOSN | 1.11 | (0.16) | 0.00 | (0.29) | 0.00 | 2.21 | 12.34 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Vetropack Holding 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 Alpha Finder Now
Alpha FinderUse alpha and beta coefficients to find investment opportunities after accounting for the risk |
| All Next | Launch Module |
Vetropack Holding Corporate Management
Elected by the shareholders, the Vetropack Holding's board of directors comprises two types of representatives: Vetropack Holding inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Vetropack. The board's role is to monitor Vetropack Holding's management team and ensure that shareholders' interests are well served. Vetropack Holding'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, Vetropack Holding's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Stephen Rayment | Chief Board | Profile | |
| Adriano Melchioretto | Head Accounting | Profile | |
| Johann Eggerth | GM Board | Profile | |
| Nuno Cunha | GM CHRO | Profile | |
| David Zak | Fin, CFO | Profile | |
| Claude Cornaz | Ex Chairman | Profile | |
| Susanne Trier | Head Compliance | Profile |