Munters Group Correlations

Stocks Germany . 
Stock . Munters Group AB
1MS Stock  EUR 11.50  0.13  1.12%   
The correlation of Munters Group 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.

Munters Group Correlation With Market

Average diversification

The correlation between Munters Group AB and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Munters Group AB and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Munters Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Munters Group 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 Munters Group - 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 Munters Group AB to buy it.

Moving together with Munters Stock

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Moving against Munters Stock

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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   
GG7
+ 0.82
WCLA
32A
+ 0.68
WCLA
GG7
+ 0.58
32A
GG7
+ 0.04
CIAH
GOQN
+ 0.0
WCLA
CIAH
+ 0.0
GOQN
  
High negative correlations   
GG7
- 0.74
ZYR1
ZYR1
- 0.6
32A
ZYR1
- 0.6
WCLA
ZYR1
- 0.2
CIAH
CIAH
- 0.12
WCLA
32A
- 0.03
CIAH

Risk-Adjusted Indicators

There is a big difference between Munters Stock performing well and Munters Group 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 Munters Group'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 Munters Group 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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Munters Group Corporate Management

Elected by the shareholders, the Munters Group's board of directors comprises two types of representatives: Munters Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Munters. The board's role is to monitor Munters Group's management team and ensure that shareholders' interests are well served. Munters Group'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, Munters Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
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