Alstom SA Correlations
| ALO Stock | EUR 25.13 0.32 1.26% |
The current 90-days correlation between Alstom SA and Bouygues SA is 0.7 (i.e., Poor diversification). The correlation of Alstom 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.
Alstom SA Correlation With Market
Significant diversification
The correlation between Alstom SA and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alstom SA and DJI in the same portfolio, assuming nothing else is changed.
Alstom |
The ability to find closely correlated positions to Alstom 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 Alstom 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 Alstom 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 Alstom SA to buy it.
Moving together with Alstom Stock
Moving against Alstom Stock
| 0.79 | CDI | Christian Dior SE | PairCorr |
| 0.74 | MC | LVMH Mot Hennessy | PairCorr |
| 0.66 | WAGA | Waga Energy SA | PairCorr |
| 0.4 | IAM | Itissalat Al Maghrib | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Alstom Stock performing well and Alstom 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 Alstom 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EN | 0.73 | 0.41 | 0.53 | 8.54 | 0.00 | 1.93 | 8.02 | |||
| SGO | 1.38 | 0.30 | 0.17 | (2.91) | 1.66 | 2.86 | 14.32 | |||
| VIE | 0.87 | 0.26 | 0.33 | (3.37) | 0.71 | 2.24 | 4.32 | |||
| DG | 0.81 | 0.32 | 0.41 | 7.44 | 0.54 | 1.53 | 6.61 | |||
| AI | 0.79 | 0.25 | 0.30 | 1.29 | 0.74 | 1.73 | 6.35 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Alstom 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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Alstom SA Corporate Management
Elected by the shareholders, the Alstom SA's board of directors comprises two types of representatives: Alstom SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Alstom. The board's role is to monitor Alstom SA's management team and ensure that shareholders' interests are well served. Alstom 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, Alstom SA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Dominique Pouliquen | Chief Officer | Profile | |
| AnneSophie ChauveauGalas | Chief Officer | Profile | |
| Bruno Marguet | Pres Platforms | Profile | |
| Bruno Tourne | Chief Officer | Profile | |
| Jrme Wallut | Chief Officer | Profile | |
| Danny Perna | Ex COO | Profile | |
| Emmanuelle Petrovic | G Counsel | Profile |