ABC Arbitrage Correlations
| ABCA Stock | EUR 5.39 0.04 0.74% |
The current 90-days correlation between ABC arbitrage SA and CBO Territoria SA is -0.1 (i.e., Good diversification). The correlation of ABC Arbitrage 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.
ABC Arbitrage Correlation With Market
Average diversification
The correlation between ABC arbitrage SA and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ABC arbitrage SA and DJI in the same portfolio, assuming nothing else is changed.
ABC |
The ability to find closely correlated positions to ABC Arbitrage could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ABC Arbitrage 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 ABC Arbitrage - 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 ABC arbitrage SA to buy it.
Moving together with ABC Stock
| 0.92 | AMUN | Amundi SA | PairCorr |
| 0.8 | LTA | Altamir SCA | PairCorr |
| 0.79 | IDIP | IDI SCA | PairCorr |
| 0.93 | BNP | BNP Paribas SA | PairCorr |
| 0.94 | ACA | Credit Agricole SA | PairCorr |
| 0.93 | GLE | Societe Generale | PairCorr |
| 0.97 | CS | AXA SA | PairCorr |
| 0.83 | AIR | Airbus Group SE | PairCorr |
| 0.62 | RNO | Renault SA | PairCorr |
| 0.75 | CAF | Caisse Rgionale de | PairCorr |
| 0.91 | DG | Vinci SA | PairCorr |
| 0.91 | WAVE | Wavestone SA | PairCorr |
Moving against ABC Stock
Related Correlations Analysis
| 0.63 | 0.12 | 0.54 | 0.59 | CBOT | ||
| 0.63 | -0.35 | 0.59 | 0.89 | RUI | ||
| 0.12 | -0.35 | -0.28 | -0.53 | NXI | ||
| 0.54 | 0.59 | -0.28 | 0.6 | GTT | ||
| 0.59 | 0.89 | -0.53 | 0.6 | MMT | ||
| 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 ABC Stock performing well and ABC Arbitrage 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 ABC Arbitrage'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CBOT | 0.39 | 0.03 | 0.12 | 0.07 | 0.44 | 1.11 | 2.77 | |||
| RUI | 1.24 | 0.23 | 0.12 | 0.19 | 1.72 | 2.75 | 12.75 | |||
| NXI | 2.02 | (0.29) | 0.00 | 12.27 | 0.00 | 3.04 | 24.97 | |||
| GTT | 1.55 | 0.17 | 0.14 | (0.60) | 1.68 | 3.27 | 21.81 | |||
| MMT | 0.75 | 0.36 | 0.47 | 2.27 | 0.34 | 1.74 | 4.34 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in ABC Arbitrage 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 Portfolio Holdings Now
Portfolio HoldingsCheck your current holdings and cash postion to detemine if your portfolio needs rebalancing |
| All Next | Launch Module |
ABC Arbitrage Corporate Management
Elected by the shareholders, the ABC Arbitrage's board of directors comprises two types of representatives: ABC Arbitrage inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ABC. The board's role is to monitor ABC Arbitrage's management team and ensure that shareholders' interests are well served. ABC Arbitrage'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, ABC Arbitrage's outside directors are responsible for providing unbiased perspectives on the board's policies.
| David Hoey | Deputy Officer | Profile | |
| Gaetan Fournier | CFO Sec | Profile | |
| Xavier HEC | CoFounder Director | Profile | |
| Dominique Ceolin | Chairman CoFounder | Profile | |
| Sebastien Lepy | Head Risks | Profile |