Alpha Services Correlations
| ALPHA Stock | EUR 2.38 0.10 4.39% |
The current 90-days correlation between Alpha Services and Piraeus Financial Holdings is 0.6 (i.e., Poor diversification). The correlation of Alpha Services 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.
Alpha Services Correlation With Market
Significant diversification
The correlation between Alpha Services and and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alpha Services and and DJI in the same portfolio, assuming nothing else is changed.
Alpha |
The ability to find closely correlated positions to Alpha Services could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alpha Services 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 Alpha Services - 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 Alpha Services and to buy it.
Moving together with Alpha Stock
| 0.97 | ETE | National Bank | PairCorr |
| 0.95 | TPEIR | Piraeus Financial | PairCorr |
| 0.85 | OPAP | Greek Organization | PairCorr |
Moving against Alpha Stock
| 0.67 | MERKO | Mermeren Kombinat | PairCorr |
| 0.66 | PERF | Performance Technologies | PairCorr |
| 0.63 | KYRI | Kiriacoulis Mediterranean | PairCorr |
Related Correlations Analysis
| 0.93 | 0.93 | 0.91 | 0.93 | TPEIR | ||
| 0.93 | 0.9 | 0.83 | 0.86 | EUROB | ||
| 0.93 | 0.9 | 0.82 | 0.85 | ETE | ||
| 0.91 | 0.83 | 0.82 | 0.86 | OPAP | ||
| 0.93 | 0.86 | 0.85 | 0.86 | MYTIL | ||
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Risk-Adjusted Indicators
There is a big difference between Alpha Stock performing well and Alpha Services 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 Alpha Services' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TPEIR | 1.31 | 0.53 | 0.31 | (2.58) | 1.14 | 3.77 | 8.26 | |||
| EUROB | 1.27 | 0.27 | 0.16 | (1.89) | 1.41 | 2.50 | 8.75 | |||
| ETE | 1.26 | 0.45 | 0.34 | (5.22) | 0.94 | 3.09 | 6.62 | |||
| OPAP | 0.93 | 0.27 | 0.28 | 7.74 | 0.67 | 2.43 | 4.65 | |||
| MYTIL | 1.10 | 0.30 | 0.24 | (1.53) | 1.09 | 2.79 | 6.78 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Alpha Services 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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Alpha Services Corporate Management
Elected by the shareholders, the Alpha Services' board of directors comprises two types of representatives: Alpha Services inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Alpha. The board's role is to monitor Alpha Services' management team and ensure that shareholders' interests are well served. Alpha Services' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Alpha Services' outside directors are responsible for providing unbiased perspectives on the board's policies.
| SergiuBogdan Oprescu | Gen Network | Profile | |
| Spyros Filaretos | GM Officer | Profile | |
| Lazaros Papagaryfallou | GM CFO | Profile | |
| Vassilios Psaltis | CEO Director | Profile | |
| Stefanos Mytilinaios | GM COO | Profile | |
| Marianna Antoniou | Ma Tax | Profile | |
| Kyriaki Inempolidi | Ma Division | Profile |