Addiko Bank Correlations
| ADKO Stock | EUR 18.60 0.05 0.27% |
The current 90-days correlation between Addiko Bank AG and SBM Offshore NV is 0.04 (i.e., Significant diversification). The correlation of Addiko Bank 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.
Addiko Bank Correlation With Market
Good diversification
The correlation between Addiko Bank AG and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Addiko Bank AG and DJI in the same portfolio, assuming nothing else is changed.
Addiko |
The ability to find closely correlated positions to Addiko Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Addiko Bank 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 Addiko Bank - 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 Addiko Bank AG to buy it.
Moving together with Addiko Stock
Moving against Addiko Stock
| 0.66 | RBI | Raiffeisen Bank Inte | PairCorr |
| 0.59 | BG | BAWAG Group AG | PairCorr |
| 0.58 | WIE | Wienerberger AG | PairCorr |
| 0.52 | FPE4 | Fuchs Petrolub SE | PairCorr |
| 0.45 | GAGV | Gurktaler Aktiengesellscha | PairCorr |
Related Correlations Analysis
| 0.63 | -0.47 | 0.77 | 0.72 | SBMO | ||
| 0.63 | -0.44 | 0.51 | 0.6 | CNHI | ||
| -0.47 | -0.44 | -0.58 | -0.66 | ADKO | ||
| 0.77 | 0.51 | -0.58 | 0.85 | UQA | ||
| 0.72 | 0.6 | -0.66 | 0.85 | RBI | ||
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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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Risk-Adjusted Indicators
There is a big difference between Addiko Stock performing well and Addiko Bank 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 Addiko Bank'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SBMO | 1.09 | 0.29 | 0.26 | (0.47) | 0.80 | 2.07 | 12.72 | |||
| CNHI | 1.26 | 0.02 | 0.01 | 0.21 | 1.49 | 2.79 | 6.43 | |||
| ADKO | 1.16 | (0.03) | 0.00 | 0.98 | 0.00 | 3.68 | 7.63 | |||
| UQA | 0.59 | 0.30 | 0.31 | 1.47 | 0.41 | 1.36 | 5.95 | |||
| RBI | 1.63 | 0.57 | 0.24 | 0.81 | 1.87 | 3.08 | 15.80 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Addiko Bank 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?
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Addiko Bank Corporate Management
Elected by the shareholders, the Addiko Bank's board of directors comprises two types of representatives: Addiko Bank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Addiko. The board's role is to monitor Addiko Bank's management team and ensure that shareholders' interests are well served. Addiko Bank'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, Addiko Bank's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Dragica PilipovicChaffey | Independent Member of the Supervisory Board | Profile | |
| Markus Krause | Chief Risk Officer, Member of the Management Board | Profile | |
| Thomas Wieser | Member of the Supervisory Board - Delegated by the Works Council/ Employee Representative | Profile | |
| Edgar Flaggl | CFO Board | Profile | |
| GaneshKumar BE | IT Market | Profile |