Vonovia SE Correlations
| VNNVF Stock | USD 29.30 1.26 4.12% |
The correlation of Vonovia SE 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.
Vonovia SE Correlation With Market
Good diversification
The correlation between Vonovia SE and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vonovia SE and DJI in the same portfolio, assuming nothing else is changed.
Vonovia |
The ability to find closely correlated positions to Vonovia SE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vonovia SE 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 Vonovia SE - 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 Vonovia SE to buy it.
Moving together with Vonovia Pink Sheet
| 0.88 | CLNXF | Cellnex Telecom SA | PairCorr |
| 0.89 | CLLNY | Cellnex Telecom SA | PairCorr |
| 0.91 | VONOY | Vonovia SE ADR | PairCorr |
Moving against Vonovia Pink Sheet
| 0.84 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.81 | NFLX | Netflix Fiscal Year End 28th of January 2025 | PairCorr |
| 0.77 | KSCP | Knightscope | PairCorr |
| 0.76 | CRWD | Crowdstrike Holdings Earnings Call Today | PairCorr |
| 0.72 | QUBT | Quantum Computing Trending | PairCorr |
| 0.7 | LLYVK | Liberty Media | PairCorr |
| 0.69 | STLD | Steel Dynamics Fiscal Year End 28th of January 2025 | PairCorr |
| 0.66 | CBRE | CBRE Group Class | PairCorr |
| 0.62 | BWXT | BWX Technologies | PairCorr |
| 0.59 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.55 | CSTXF | CryptoStar Corp | PairCorr |
| 0.9 | TTWO | Take Two Interactive Sell-off Trend | PairCorr |
| 0.89 | GM | General Motors Aggressive Push | PairCorr |
| 0.85 | ZM | Zoom Video Communications | PairCorr |
| 0.85 | SCHW | Charles Schwab Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.82 | LMND | Lemonade Trending | PairCorr |
| 0.8 | ET | Energy Transfer LP Aggressive Push | PairCorr |
| 0.8 | ALAB | Astera Labs, Common | PairCorr |
| 0.78 | MRVL | Marvell Technology Earnings Call This Week | PairCorr |
| 0.76 | GVA | Granite Construction | PairCorr |
| 0.76 | DXYZ | Destiny Tech100 | PairCorr |
| 0.75 | DECK | Deckers Outdoor | PairCorr |
| 0.73 | ADSK | Autodesk | PairCorr |
| 0.72 | NVDA | NVIDIA | PairCorr |
| 0.68 | BKSY | Blacksky Technology Tech Boost | PairCorr |
| 0.68 | SNOW | Snowflake Trending | PairCorr |
| 0.68 | ITRI | Itron Inc | PairCorr |
| 0.65 | RCAT | Red Cat Holdings Trending | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Vonovia Pink Sheet performing well and Vonovia SE 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 Vonovia SE'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IRS | 2.05 | 0.70 | 0.31 | 1.86 | 1.54 | 4.84 | 16.78 | |||
| HOUS | 2.98 | (0.16) | (0.04) | 0.00 | 3.16 | 6.89 | 19.60 | |||
| NMRK | 1.44 | 0.18 | 0.08 | 0.46 | 1.52 | 2.88 | 10.09 | |||
| NYC | 2.09 | (0.09) | 0.00 | (0.04) | 0.00 | 5.10 | 14.68 | |||
| CBRE | 1.19 | 0.26 | 0.13 | 1.65 | 1.02 | 2.87 | 12.38 | |||
| FRPH | 1.03 | 0.07 | 0.05 | 0.19 | 0.99 | 2.20 | 5.60 | |||
| MMI | 1.37 | 0.00 | 0.02 | 0.12 | 1.50 | 4.32 | 9.67 | |||
| JLL | 1.38 | 0.08 | (0.01) | 0.45 | 1.67 | 3.17 | 11.41 | |||
| FSV | 0.78 | 0.11 | 0.02 | 0.62 | 0.72 | 1.88 | 4.36 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Vonovia SE 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?
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Vonovia SE Corporate Management
| Rene Hoffmann | Head of Investor Relations | Profile | |
| Isabel Ohlies | Head Building | Profile | |
| Karsten Rech | CIO | Profile | |
| Daniel FRICS | Chief Board | Profile | |
| Philip Grosse | CFO Board | Profile | |
| Klaus Markus | Head Communications | Profile |