CarsalesCom Correlations

Stocks . Germany . 
Stock . CarsalesCom
WN6 Stock  EUR 16.20  0.70  4.14%   
The current 90-days correlation between CarsalesCom and Japan Airlines Co is -0.04 (i.e., Good diversification). The correlation of CarsalesCom 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.

CarsalesCom Correlation With Market

Excellent diversification

The correlation between CarsalesCom and DJI is -0.68 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CarsalesCom and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to CarsalesCom could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CarsalesCom 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 CarsalesCom - 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 CarsalesCom to buy it.

Moving together with CarsalesCom Stock

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  0.79MUM Mensch und MaschinePairCorr

Moving against CarsalesCom Stock

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  0.738SF SLIGRO FOOD GROUP Earnings Call TomorrowPairCorr
  0.72YHA Yamaha Earnings Call TodayPairCorr
  0.72MF MOBILE FACTORY INCPairCorr
  0.64BFP BBVA Banco FrancesPairCorr
  0.63MIZ Mizuno Earnings Call This WeekPairCorr
  0.5792I ROMERIKE SPAREBANKPairCorr
  0.51CU3 Cohu IncPairCorr
  0.44UUEC United UtilitiesPairCorr
  0.43TM2 Sydbank A/SPairCorr
  0.34EUX EUWAX AktiengesellschaftPairCorr
  0.81H3M Hochschild Mining plcPairCorr
  0.754OQ1 AGNC Investment CorpPairCorr
  0.67NEF NESTE OIL Earnings Call TomorrowPairCorr
  0.55WAC Wacker Neuson SEPairCorr
  0.53DBPE Xtrackers LevDAXPairCorr
  0.43GSR Gossan ResourcesPairCorr
  0.37QIA QIAGEN NV Earnings Call TodayPairCorr
  0.36GCB PTT Global ChemicalPairCorr
  0.34E908 Lyxor 1PairCorr

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

5PMA
+ 0.9
LFL0
CUD
+ 0.77
LFL0
CUD
+ 0.73
5PMA
LFL0
+ 0.58
UAL1
CUD
+ 0.52
UAL1
5PMA
+ 0.45
UAL1
  

High negative correlations

LFL0
- 0.38
JAL
CUD
- 0.21
JAL
JAL
- 0.2
UAL1
5PMA
- 0.16
JAL
CUD
- 0.0
N5A
5PMA
- 0.0
N5A

Risk-Adjusted Indicators

There is a big difference between CarsalesCom Stock performing well and CarsalesCom 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 CarsalesCom'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in CarsalesCom 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.

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CarsalesCom Corporate Management

Elected by the shareholders, the CarsalesCom's board of directors comprises two types of representatives: CarsalesCom inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CarsalesCom. The board's role is to monitor CarsalesCom's management team and ensure that shareholders' interests are well served. CarsalesCom'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, CarsalesCom's outside directors are responsible for providing unbiased perspectives on the board's policies.
Nicole BirmanGeneral Counsel, Company SecretaryProfile
William ElliottChief OfficerProfile
Ines GuitarteChief ChileautosProfile
Kellie CordnerChief Marketing OfficerProfile
Sangbeom KimChief EncarcomProfile
Jason BlackmanChief OfficerProfile
OAM OAMCoFounder DirectorProfile
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