Aegean Airlines Correlations
| AEGN Stock | EUR 9.48 0.18 1.86% |
The current 90-days correlation between Aegean Airlines SA and Greek Organization of is 0.32 (i.e., Weak diversification). The correlation of Aegean Airlines 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Aegean Airlines Correlation With Market
Significant diversification
The correlation between Aegean Airlines SA and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aegean Airlines SA and DJI in the same portfolio, assuming nothing else is changed.
Aegean |
The ability to find closely correlated positions to Aegean Airlines could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aegean Airlines 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 Aegean Airlines - 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 Aegean Airlines SA to buy it.
Moving together with Aegean Stock
| 0.79 | TPEIR | Piraeus Financial | PairCorr |
| 0.72 | ETE | National Bank | PairCorr |
| 0.95 | MOH | Motor Oil Corinth | PairCorr |
| 0.86 | ELPE | Hellenic Petroleum | PairCorr |
| 0.94 | ELLAKTOR | Ellaktor SA | PairCorr |
| 0.87 | VIO | Viohalco SA | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Aegean Stock performing well and Aegean Airlines 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 Aegean Airlines' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MYTIL | 1.03 | (0.18) | 0.00 | (0.43) | 0.00 | 1.96 | 7.46 | |||
| OPAP | 0.75 | (0.02) | (0.13) | 0.04 | 0.82 | 2.18 | 4.91 | |||
| MOH | 0.91 | (0.16) | 0.00 | (0.66) | 0.00 | 1.79 | 6.14 | |||
| ALPHA | 1.24 | (0.14) | 0.00 | (0.22) | 0.00 | 2.72 | 6.87 | |||
| ELPE | 0.74 | (0.09) | 0.00 | (0.17) | 0.00 | 1.45 | 4.89 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Aegean Airlines 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 Efficient Frontier Now
Efficient FrontierPlot and analyze your portfolio and positions against risk-return landscape of the market. |
| All Next | Launch Module |
Aegean Airlines Corporate Management
Elected by the shareholders, the Aegean Airlines' board of directors comprises two types of representatives: Aegean Airlines inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aegean. The board's role is to monitor Aegean Airlines' management team and ensure that shareholders' interests are well served. Aegean Airlines' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Aegean Airlines' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Iosif Mastorantonakis | Director Admin | Profile | |
| Pehlevanoudis Zisis | Accountable Mang | Profile | |
| Ioannis Aloukos | Technical Director | Profile | |
| Styliani Dimaraki | Group Director | Profile | |
| Eftichios Vassilakis | Ex Chairman | Profile | |
| Aristides Kamvysis | Chief Officer | Profile | |
| Dimitrios Gerogiannis | MD CEO | Profile |