Glob Bioenergi Correlations
| ALGBE Stock | EUR 1.26 0.01 0.80% |
The correlation of Glob Bioenergi 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.
Glob Bioenergi Correlation With Market
Significant diversification
The correlation between Glob Bioenergi 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 Glob Bioenergi and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Glob Bioenergi could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Glob Bioenergi 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 Glob Bioenergi - 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 Glob Bioenergi to buy it.
Moving together with Glob Stock
Related Correlations Analysis
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Glob Bioenergi Corporate Management
Elected by the shareholders, the Glob Bioenergi's board of directors comprises two types of representatives: Glob Bioenergi inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Glob. The board's role is to monitor Glob Bioenergi's management team and ensure that shareholders' interests are well served. Glob Bioenergi'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, Glob Bioenergi's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Frdric Ollivier | Chief Officer | Profile | |
| Florence Thueux | Chief Officer | Profile | |
| Romain Chayot | Head Department | Profile | |
| Sabine Mazaleyrat | Head Optimization | Profile |