Cogelec SA Correlations
| ALLEC Stock | EUR 15.90 0.20 1.24% |
The current 90-days correlation between Cogelec SA and Ekinops SA is -0.1 (i.e., Good diversification). The correlation of Cogelec SA 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.
Cogelec SA Correlation With Market
Modest diversification
The correlation between Cogelec SA and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cogelec SA and DJI in the same portfolio, assuming nothing else is changed.
Cogelec |
The ability to find closely correlated positions to Cogelec SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cogelec SA 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 Cogelec SA - 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 Cogelec SA to buy it.
Moving together with Cogelec Stock
| 0.68 | NOKIA | Nokia Oyj | PairCorr |
| 0.66 | ATEME | ATEME SA | PairCorr |
| 0.9 | ALNTG | Netgem SA | PairCorr |
| 0.82 | GLE | Societe Generale | PairCorr |
Moving against Cogelec Stock
| 0.96 | ALBPK | Broadpeak SA | PairCorr |
| 0.67 | ETL | Eutelsat Communications | PairCorr |
| 0.63 | ACA | Credit Agricole SA | PairCorr |
| 0.61 | CS | AXA SA | PairCorr |
| 0.44 | BNP | BNP Paribas SA | PairCorr |
| 0.37 | ALKLK | Kerlink SAS | PairCorr |
Related Correlations Analysis
| 0.31 | 0.63 | 0.35 | -0.23 | EKI | ||
| 0.31 | 0.17 | 0.64 | -0.25 | ALDAR | ||
| 0.63 | 0.17 | 0.2 | -0.41 | GRVO | ||
| 0.35 | 0.64 | 0.2 | -0.2 | ALRIB | ||
| -0.23 | -0.25 | -0.41 | -0.2 | ABNX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Cogelec Stock performing well and Cogelec SA 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 Cogelec SA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EKI | 1.82 | (0.05) | 0.00 | (0.04) | 0.00 | 4.95 | 16.76 | |||
| ALDAR | 2.34 | 0.82 | 0.38 | 1.12 | 0.98 | 10.68 | 18.62 | |||
| GRVO | 1.61 | (0.10) | 0.00 | 0.38 | 0.00 | 3.63 | 12.93 | |||
| ALRIB | 1.35 | 0.02 | (0.01) | 0.17 | 1.62 | 3.46 | 10.51 | |||
| ABNX | 1.70 | 0.08 | (0.08) | 0.00 | 1.63 | 6.35 | 13.99 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Cogelec SA 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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Cogelec SA Corporate Management
Elected by the shareholders, the Cogelec SA's board of directors comprises two types of representatives: Cogelec SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cogelec. The board's role is to monitor Cogelec SA's management team and ensure that shareholders' interests are well served. Cogelec SA'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, Cogelec SA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Anne Fonteneau | HR Mang | Profile | |
| Norbert Marchal | Head Projects | Profile | |
| Veronique Pochet | Chief Officer | Profile | |
| Roger Leclerc | Chairman CEO | Profile |