Wienerberger Baustoffindustri Correlations
| WBRBY Stock | USD 5.82 0.01 0.17% |
The current 90-days correlation between Wienerberger Baustoffindustri and Xinyi Glass Holdings is -0.02 (i.e., Good diversification). The correlation of Wienerberger Baustoffindustri 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.
Wienerberger Baustoffindustri Correlation With Market
Significant diversification
The correlation between Wienerberger Baustoffindustrie and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wienerberger Baustoffindustrie and DJI in the same portfolio, assuming nothing else is changed.
Wienerberger |
The ability to find closely correlated positions to Wienerberger Baustoffindustri could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wienerberger Baustoffindustri 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 Wienerberger Baustoffindustri - 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 Wienerberger Baustoffindustrie to buy it.
Moving together with Wienerberger Pink Sheet
| 0.66 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.7 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.63 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.79 | BKRKY | Bank Rakyat | PairCorr |
| 0.71 | SHG | Shinhan Financial | PairCorr |
| 0.81 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.76 | KO | Coca Cola Sell-off Trend | PairCorr |
Moving against Wienerberger Pink Sheet
| 0.75 | IONQ | IONQ Inc | PairCorr |
| 0.69 | CRHCF | CRH Plc | PairCorr |
| 0.66 | MLM | Martin Marietta Materials | PairCorr |
| 0.63 | VMC | Vulcan Materials | PairCorr |
| 0.6 | KB | KB Financial Group | PairCorr |
| 0.59 | CRH | CRH PLC ADR | PairCorr |
| 0.46 | AHCHY | Anhui Conch Cement | PairCorr |
| 0.45 | HCMLF | Holcim | PairCorr |
| 0.39 | AHCHF | Anhui Conch Cement | PairCorr |
| 0.37 | HCMLY | Lafargeholcim ADR | PairCorr |
| 0.75 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.71 | VRT | Vertiv Holdings | PairCorr |
| 0.69 | NVDA | NVIDIA | PairCorr |
| 0.69 | WMT | Walmart Aggressive Push | PairCorr |
| 0.69 | T | ATT Inc Aggressive Push | PairCorr |
| 0.67 | NDAQ | Nasdaq Inc | PairCorr |
| 0.67 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.67 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.66 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.63 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.51 | HD | Home Depot Sell-off Trend | PairCorr |
| 0.43 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.42 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
Related Correlations Analysis
| -0.58 | -0.43 | 0.61 | 0.35 | XYIGF | ||
| -0.58 | 0.16 | -0.79 | -0.46 | CTXXF | ||
| -0.43 | 0.16 | -0.33 | -0.31 | CXMSF | ||
| 0.61 | -0.79 | -0.33 | 0.36 | CBUMY | ||
| 0.35 | -0.46 | -0.31 | 0.36 | HCMLF | ||
| 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 Wienerberger Pink Sheet performing well and Wienerberger Baustoffindustri 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 Wienerberger Baustoffindustri'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| XYIGF | 1.42 | 0.28 | 0.06 | 0.44 | 1.23 | 1.85 | 43.86 | |||
| CTXXF | 3.32 | (0.15) | 0.00 | 0.74 | 0.00 | 10.53 | 39.02 | |||
| CXMSF | 2.14 | (0.14) | 0.00 | (0.79) | 0.00 | 6.78 | 19.40 | |||
| CBUMY | 3.21 | 0.67 | 0.09 | 42.17 | 3.70 | 9.50 | 43.17 | |||
| HCMLF | 0.69 | 0.05 | (0.03) | 1.10 | 0.88 | 3.22 | 9.04 |
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Wienerberger Baustoffindustri Corporate Management
| Bernd Braunstein | Corp Services | Profile | |
| Harald Schwarzmayr | COO Board | Profile | |
| Wolfgang Weiss | Head HR | Profile | |
| Gerhard Hanke | CFO Board | Profile | |
| Klaus Ofner | Head - Investor Relations | Profile | |
| Solveig MenardGalli | Chief Performance Officer, Member of the Management Board | Profile |