SERESCO 16 Correlations
| XV7 Stock | 6.45 0.25 3.73% |
The current 90-days correlation between SERESCO 16 and Highlight Communications AG is 0.01 (i.e., Significant diversification). The correlation of SERESCO 16 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.
SERESCO 16 Correlation With Market
Very weak diversification
The correlation between SERESCO 16 and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SERESCO 16 and DJI in the same portfolio, assuming nothing else is changed.
SERESCO |
The ability to find closely correlated positions to SERESCO 16 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SERESCO 16 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 SERESCO 16 - 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 SERESCO 16 to buy it.
Moving together with SERESCO Stock
| 0.73 | SII | Wheaton Precious Metals | PairCorr |
| 0.72 | SKNB | Skanska AB | PairCorr |
| 0.63 | SVKB | SANDVIK | PairCorr |
| 0.64 | 1SZ0 | Santacruz Silver Mining Split | PairCorr |
| 0.77 | 30Z0 | IPERIONX LTD SPADR10 | PairCorr |
| 0.73 | 485B | Amcor PLC Split | PairCorr |
| 0.74 | CWA0 | REFINED METALS P | PairCorr |
Moving against SERESCO Stock
| 0.47 | BZG2 | BANK CENTRAL ASIA | PairCorr |
| 0.46 | BYRA | BANK RAKYAT IND | PairCorr |
| 0.46 | BZG2 | PT Bank Central | PairCorr |
| 0.33 | 3HB | Hybrigenics Societe | PairCorr |
| 0.33 | EFF | DTEFFWECHSEL BET Split | PairCorr |
| 0.49 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.46 | TCO2 | TESCO PLC ADR1 | PairCorr |
| 0.35 | KMY | Kimberly Clark | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between SERESCO Stock performing well and SERESCO 16 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 SERESCO 16'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 5PMA | 3.11 | 0.46 | 0.10 | 1.96 | 2.98 | 7.55 | 29.12 | |||
| HLG | 2.42 | (0.01) | 0.00 | 0.09 | 0.00 | 5.26 | 21.92 | |||
| HLIA | 3.67 | 0.87 | 0.19 | (2.30) | 3.19 | 11.11 | 24.88 | |||
| 9M5 | 3.64 | 0.71 | 0.14 | (4.90) | 3.71 | 8.87 | 24.24 | |||
| B7O | 2.23 | (0.04) | (0.01) | 0.02 | 2.94 | 11.54 | 21.88 | |||
| RY4D | 1.60 | 0.01 | (0.02) | 0.09 | 1.71 | 3.58 | 8.70 | |||
| ISHA | 2.39 | 0.37 | 0.10 | 28.21 | 2.49 | 6.35 | 17.73 | |||
| B7O | 1.00 | (0.04) | 0.00 | (0.60) | 0.00 | 4.00 | 14.84 |
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SERESCO 16 Corporate Management
Elected by the shareholders, the SERESCO 16's board of directors comprises two types of representatives: SERESCO 16 inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SERESCO. The board's role is to monitor SERESCO 16's management team and ensure that shareholders' interests are well served. SERESCO 16'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, SERESCO 16's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Alexander Fernandez | Chief Officer | Profile | |
| Pedro Rodriguez | Head Audit | Profile | |
| Reyes Perez | Digital Area | Profile | |
| Francisco Gutierrez | Compliance Officer | Profile |