Vogiatzoglou Systems Correlations
| VOSYS Stock | EUR 2.04 0.04 1.92% |
The current 90-days correlation between Vogiatzoglou Systems and Dromeas SA is 0.11 (i.e., Average diversification). The correlation of Vogiatzoglou Systems 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.
Vogiatzoglou Systems Correlation With Market
Significant diversification
The correlation between Vogiatzoglou Systems SA and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vogiatzoglou Systems SA and DJI in the same portfolio, assuming nothing else is changed.
Vogiatzoglou |
The ability to find closely correlated positions to Vogiatzoglou Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vogiatzoglou Systems 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 Vogiatzoglou Systems - 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 Vogiatzoglou Systems SA to buy it.
Moving together with Vogiatzoglou Stock
| 0.66 | MODA | N Varveris Moda | PairCorr |
| 0.64 | DROME | Dromeas SA | PairCorr |
| 0.64 | ETE | National Bank | PairCorr |
| 0.77 | TELL | Bank of Greece | PairCorr |
| 0.77 | ELPE | Hellenic Petroleum | PairCorr |
| 0.73 | MIG | Marfin Investment | PairCorr |
| 0.78 | VIO | Viohalco SA | PairCorr |
Related Correlations Analysis
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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 Vogiatzoglou Stock performing well and Vogiatzoglou Systems 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 Vogiatzoglou Systems' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DROME | 1.69 | (0.15) | 0.00 | 0.88 | 0.00 | 3.45 | 9.48 | |||
| ETE | 1.22 | (0.26) | 0.00 | (2.55) | 0.00 | 2.79 | 7.88 | |||
| MOYZK | 1.76 | 0.07 | 0.00 | 0.35 | 2.19 | 4.92 | 18.50 | |||
| LAMPS | 0.59 | (0.07) | 0.00 | 2.84 | 0.00 | 1.60 | 4.82 | |||
| EPIL | 1.37 | (0.01) | 0.00 | 0.10 | 0.00 | 9.09 | 18.18 | |||
| ACAG | 0.69 | (0.14) | 0.00 | 0.84 | 0.00 | 1.30 | 6.10 | |||
| LEBEP | 3.52 | 0.62 | 0.04 | (3.32) | 4.22 | 13.33 | 37.69 | |||
| EUROB | 1.16 | (0.09) | 0.00 | (0.09) | 0.00 | 2.05 | 6.09 |
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Vogiatzoglou Systems Corporate Management
Elected by the shareholders, the Vogiatzoglou Systems' board of directors comprises two types of representatives: Vogiatzoglou Systems inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Vogiatzoglou. The board's role is to monitor Vogiatzoglou Systems' management team and ensure that shareholders' interests are well served. Vogiatzoglou Systems' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Vogiatzoglou Systems' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Andreas Georgiou | Financial Director | Profile | |
| Nina Nikolaou | Second Director | Profile | |
| Anna Nikolaou | Ex ViceChairman | Profile | |
| Nikolaos Damianou | Chairman MD | Profile | |
| Ilias Markesinis | Chief Accountant | Profile |