Traton SE Correlations

Stocks . Germany . 
Stock . Traton SE
8TRA Stock  EUR 33.50  0.15  0.45%   
The correlation of Traton SE 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.

Traton SE Correlation With Market

Significant diversification

The correlation between Traton SE and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Traton SE and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Traton SE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Traton SE 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 Traton SE - 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 Traton SE to buy it.

Moving together with Traton Stock

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  0.948TRA Traton SEPairCorr
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  0.8APM AD PEPPER MEDIAPairCorr
  0.89KONN Komercn banka asPairCorr
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  0.76IDI InterDigitalPairCorr
  0.8907M CN MODERN DAIRYPairCorr
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Moving against Traton Stock

  0.82CAT1 CaterpillarPairCorr
  0.82CAT1 CaterpillarPairCorr
  0.77KBIA KB Financial GroupPairCorr
  0.74GGG GUDANG GARAM Earnings Call This WeekPairCorr
  0.68KSF1 SHINHAN FINL ADR1PairCorr

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   
CTO
+ 0.92
CTO0
CTO
+ 0.82
SMG
CTO
+ 0.77
VEFW
SMG
+ 0.74
CTO0
CTO0
+ 0.63
VEFW
SMG
+ 0.57
VEFW
  
High negative correlations   
R6N
- 0.48
VEFW
BSI
- 0.34
R6N
BSI
- 0.26
CTO0
CTO
- 0.19
BSI
BSI
- 0.16
SMG
CTO
- 0.16
R6N

Risk-Adjusted Indicators

There is a big difference between Traton Stock performing well and Traton SE 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 Traton SE'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 Traton SE 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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Traton SE Corporate Management

Elected by the shareholders, the Traton SE's board of directors comprises two types of representatives: Traton SE inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Traton. The board's role is to monitor Traton SE's management team and ensure that shareholders' interests are well served. Traton SE'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, Traton SE's outside directors are responsible for providing unbiased perspectives on the board's policies.
Catharina NilssonChief OfficerProfile
Nina MacphersonIndependent Member of the Supervisory BoardProfile
Annette DanielskiHead CFOProfile
Pietro ZollinoGoval CommunicationsProfile
Carsten IntraChief Human Resource Officer, Member of the Management BoardProfile
Michael LyngsieMember of the Supervisory BoardProfile
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