Air Liquide Correlations

Stocks . Germany . 
Stock . Air Liquide SA
AIL Stock   177.56  0.02  0.01%   
The current 90-days correlation between Air Liquide SA and Ming Le Sports is -0.03 (i.e., Good diversification). The correlation of Air Liquide 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.

Air Liquide Correlation With Market

Significant diversification

The correlation between Air Liquide SA 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 Air Liquide SA and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Air Liquide could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Air Liquide 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 Air Liquide - 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 Air Liquide SA to buy it.

Moving together with Air Stock

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Moving against Air Stock

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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   
7E3
+ 0.69
ML2
4GF
+ 0.46
PL8
7E3
+ 0.46
4GF
UVD
+ 0.44
ML2
UVD
+ 0.42
7E3
PL0
+ 0.17
ESY
  
High negative correlations   
7E3
- 0.49
PL0
PL0
- 0.45
ML2
UVD
- 0.4
PL0
PL8
- 0.39
ML2
UVD
- 0.27
ESY
4GF
- 0.27
ESY

Risk-Adjusted Indicators

There is a big difference between Air Stock performing well and Air Liquide 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 Air Liquide'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 Air Liquide 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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Air Liquide Corporate Management

Elected by the shareholders, the Air Liquide's board of directors comprises two types of representatives: Air Liquide inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Air. The board's role is to monitor Air Liquide's management team and ensure that shareholders' interests are well served. Air Liquide'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, Air Liquide's outside directors are responsible for providing unbiased perspectives on the board's policies.
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