Netgem SA Correlations

ALNTG Stock  EUR 0.97  0.03  3.19%   
The current 90-days correlation between Netgem SA and Riber SA is -0.17 (i.e., Good diversification). The correlation of Netgem 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.

Netgem SA Correlation With Market

Good diversification

The correlation between Netgem SA and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Netgem SA and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Netgem 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 Netgem 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 Netgem 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 Netgem SA to buy it.

Moving together with Netgem Stock

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Moving against Netgem Stock

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  0.74EN Bouygues SAPairCorr
  0.73SAN Sanofi SAPairCorr
  0.57OR LOreal SAPairCorr
  0.49ALKLK Kerlink SASPairCorr
  0.43ETL Eutelsat CommunicationsPairCorr
  0.37TTE TotalEnergies SEPairCorr
  0.34BNP BNP Paribas SAPairCorr

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   
ALRIBALERS
  
High negative correlations   
ALLANALERS
ALLANALRIB

Risk-Adjusted Indicators

There is a big difference between Netgem Stock performing well and Netgem 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 Netgem 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Netgem 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.

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Pair Correlation

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Netgem SA Corporate Management

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