La Franaise Correlations

1WE Stock  EUR 36.70  0.06  0.16%   
The current 90-days correlation between La Franaise des and Evolution AB is 0.18 (i.e., Average diversification). The correlation of La Franaise 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.

La Franaise Correlation With Market

Good diversification

The correlation between La Franaise des and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding La Franaise des and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to La Franaise could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace La Franaise 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 La Franaise - 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 La Franaise des to buy it.

Moving against 1WE Stock

  0.68CN6 BII Railway TransporPairCorr
  0.35FR70 FAST RETAIL ADRPairCorr
  0.32DMN Diamyd Medical ABPairCorr

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   
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TJWCHR
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CHRPPB
TJWCHR
7IGE3G1
  
High negative correlations   
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7IGPPB
CHRE3G1
CHRE3G1
SOK1WE
GF8E3G1

Risk-Adjusted Indicators

There is a big difference between 1WE Stock performing well and La Franaise 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 La Franaise'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 La Franaise 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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La Franaise Corporate Management

Elected by the shareholders, the La Franaise's board of directors comprises two types of representatives: La Franaise inside directors who are chosen from within the company, and outside directors, selected externally and held independent of 1WE. The board's role is to monitor La Franaise's management team and ensure that shareholders' interests are well served. La Franaise'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, La Franaise's outside directors are responsible for providing unbiased perspectives on the board's policies.