Elis SA Correlations
| 7EL Stock | EUR 21.42 0.38 1.74% |
The current 90-days correlation between Elis SA and SBM OFFSHORE is -0.16 (i.e., Good diversification). The correlation of Elis SA 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.
Elis SA Correlation With Market
Average diversification
The correlation between Elis SA and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Elis SA and DJI in the same portfolio, assuming nothing else is changed.
Elis |
The ability to find closely correlated positions to Elis SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elis SA 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 Elis SA - 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 Elis SA to buy it.
Moving together with Elis Stock
| 0.83 | VOWB | VOLKSWAGEN AG VZ | PairCorr |
| 0.79 | VOW3 | Volkswagen AG VZO | PairCorr |
| 0.8 | VOW3 | Volkswagen AG | PairCorr |
| 0.75 | VOW | Volkswagen AG | PairCorr |
| 0.66 | DHL | Deutsche Post AG | PairCorr |
| 0.65 | A0T | American Tower Corp | PairCorr |
| 0.73 | ALVE | ALLIANZ SE UNSPADR | PairCorr |
| 0.68 | APM | AD PEPPER MEDIA | PairCorr |
| 0.73 | KPN | Koninklijke KPN NV | PairCorr |
Moving against Elis Stock
| 0.84 | RTO | RENTOKIL INITIAL ADR5 | PairCorr |
| 0.73 | AMZ | Amazon Inc | PairCorr |
| 0.71 | AMZ | Amazon Inc | PairCorr |
| 0.71 | HHP2 | Hon Hai Precision | PairCorr |
| 0.67 | CSA | Accenture plc Earnings Call Tomorrow | PairCorr |
| 0.58 | 3WN | PARK24 SPONS ADR1 | PairCorr |
| 0.56 | 5FJ | PARK24 LTD | PairCorr |
| 0.56 | WMT | Walmart | PairCorr |
| 0.55 | WMT | Walmart | PairCorr |
| 0.53 | 53L | Transcontinental | PairCorr |
Related Correlations Analysis
| 0.58 | -0.78 | -0.64 | -0.58 | 0.53 | 0.0 | IHCB | ||
| 0.58 | -0.74 | -0.6 | 0.08 | 0.61 | 0.0 | D7Q1 | ||
| -0.78 | -0.74 | 0.79 | 0.26 | -0.49 | 0.0 | YZC | ||
| -0.64 | -0.6 | 0.79 | 0.26 | -0.31 | 0.0 | GOKA | ||
| -0.58 | 0.08 | 0.26 | 0.26 | -0.15 | 0.0 | SZL | ||
| 0.53 | 0.61 | -0.49 | -0.31 | -0.15 | 0.0 | 6E2 | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1P3N | ||
| 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
|
Risk-Adjusted Indicators
There is a big difference between Elis Stock performing well and Elis SA 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 Elis SA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IHCB | 1.33 | 0.23 | 0.23 | (0.60) | 1.28 | 3.30 | 12.00 | |||
| D7Q1 | 3.89 | 0.49 | 0.10 | (8.47) | 3.95 | 5.88 | 23.00 | |||
| YZC | 1.64 | (0.13) | 0.00 | (0.48) | 0.00 | 3.81 | 13.44 | |||
| GOKA | 3.08 | (0.61) | 0.00 | (0.61) | 0.00 | 6.74 | 22.81 | |||
| SZL | 1.47 | (0.19) | 0.00 | (2.42) | 0.00 | 4.05 | 10.11 | |||
| 6E2 | 2.11 | 0.32 | 0.16 | 0.67 | 2.16 | 5.09 | 12.47 | |||
| 1P3N | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Elis SA 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.Did you try this?
Run Content Syndication Now
Content SyndicationQuickly integrate customizable finance content to your own investment portal |
| All Next | Launch Module |
Elis SA Corporate Management
Elected by the shareholders, the Elis SA's board of directors comprises two types of representatives: Elis SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Elis. The board's role is to monitor Elis SA's management team and ensure that shareholders' interests are well served. Elis SA'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, Elis SA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Yann Michel | United France | Profile | |
| Xavier Martire | Chairman CEO | Profile | |
| Alain Bonin | Deputy Switzerland | Profile | |
| Nicolas Buron | Investor Director | Profile | |
| Andreas Schneider | Deputy Europe | Profile | |
| Didier Lachaud | HR Director | Profile | |
| Louis Guyot | CFO Board | Profile |