Aperam SA Correlations

APAM Stock

EUR 31.50 1.30 3.96%

The current 90-days correlation between Aperam SA and Bankinter is -0.03 (i.e., Good diversification). The correlation of Aperam 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.

Aperam SA Correlation With Market

Average diversification

The correlation between Aperam SA and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aperam SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Aperam 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 Aperam 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 Aperam 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 Aperam SA to buy it.

Moving together with Aperam Stock

0.7	ACX	Acerinox	Pair Corr
0.97	TUB	Tubacex SA	Pair Corr
0.8	EZE	Grupo Ezentis SA	Pair Corr
0.86	CASH	Prosegur Cash SA	Pair Corr
0.78	MTS	ArcelorMittal SA	Pair Corr

Moving against Aperam Stock

0.53

NAT

Iffe Futura SA

Pair Corr

Related Correlations Analysis

	NTH	BKT	BST	AEDAS	VYT	YMHRE	CLNX
NTH		0.63	0.75	0.61	0.69	-0.51	0.43	NTH
BKT	0.63		0.7	0.58	0.9	-0.79	0.5	BKT
BST	0.75	0.7		0.58	0.68	-0.61	0.53	BST
AEDAS	0.61	0.58	0.58		0.53	-0.61	0.57	AEDAS
VYT	0.69	0.9	0.68	0.53		-0.86	0.55	VYT
YMHRE	-0.51	-0.79	-0.61	-0.61	-0.86		-0.67	YMHRE
CLNX	0.43	0.5	0.53	0.57	0.55	-0.67		CLNX
	NTH	BKT	BST	AEDAS	VYT	YMHRE	CLNX

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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

VYT	+ 0.9	BKT
BST	+ 0.75	NTH
BST	+ 0.7	BKT
VYT	+ 0.69	NTH
VYT	+ 0.68	BST
BKT	+ 0.63	NTH

High negative correlations

YMHRE	- 0.86	VYT
YMHRE	- 0.79	BKT
CLNX	- 0.67	YMHRE
YMHRE	- 0.61	AEDAS
YMHRE	- 0.61	BST
YMHRE	- 0.51	NTH

Risk-Adjusted Indicators

There is a big difference between Aperam Stock performing well and Aperam 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 Aperam 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
NTH	0.96	0.07	0.13	(3.35)	0.98	(1.22)	1.81	(1.71)	4.68
BKT	1.15	0.57	0.57	2.68	0.52	(1.50)	3.43	(1.32)	6.48
BST	2.79	0.13	0.04	0.34	3.04	(4.72)	6.45	(5.88)	16.77
AEDAS	1.29	0.32	0.24	0.52	1.25	(1.46)	3.21	(2.24)	8.74
VYT	1.03	0.34	0.20	(2.49)	0.70	(2.15)	3.85	(1.82)	10.72
YMHRE	0.56	(0.12)	0.00	0.46	0.00	0.00	1.53	(0.83)	6.70
CLNX	1.43	0.04	0.05	0.05	1.83	(1.60)	2.75	(2.66)	13.78

Be your own money manager

Our tools can tell you how much better you can do entering a position in Aperam 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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Aperam SA Corporate Management

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

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