Arcadis NV Correlations
| ARCAY Stock | USD 54.07 4.47 9.01% |
The current 90-days correlation between Arcadis NV and Arcadis NV is -0.16 (i.e., Good diversification). The correlation of Arcadis NV 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.
Arcadis NV Correlation With Market
Significant diversification
The correlation between Arcadis NV and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arcadis NV and DJI in the same portfolio, assuming nothing else is changed.
Arcadis |
The ability to find closely correlated positions to Arcadis NV could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Arcadis NV 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 Arcadis NV - 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 Arcadis NV to buy it.
Moving together with Arcadis Pink Sheet
| 0.7 | PTAIY | Astra International Tbk | PairCorr |
| 0.62 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.68 | TLKMF | Telkom Indonesia Tbk | PairCorr |
Moving against Arcadis Pink Sheet
| 0.83 | WZZAF | Wizz Air Holdings | PairCorr |
| 0.82 | TECTP | Tectonic Financial | PairCorr |
| 0.82 | CIMO | Chimera Investment | PairCorr |
| 0.82 | GLBXF | Globex Mining Enterprises | PairCorr |
| 0.78 | SSNLF | Samsung Electronics | PairCorr |
| 0.77 | EC | Ecopetrol SA ADR | PairCorr |
| 0.73 | BLTH | American Battery Mat | PairCorr |
| 0.71 | SDHY | PGIM Short Duration | PairCorr |
| 0.65 | BSET | Bassett Furniture | PairCorr |
| 0.63 | FANUF | Fanuc | PairCorr |
| 0.63 | BTT | Blackrock Municipal | PairCorr |
| 0.58 | SPND | Spindletop OG | PairCorr |
| 0.55 | FARM | Farmer Bros | PairCorr |
| 0.48 | NTRBW | Nutriband Warrant | PairCorr |
| 0.45 | SMME | Smartmetric | PairCorr |
| 0.32 | AWLIF | Ameriwest Lithium Earnings Call This Week | PairCorr |
| 0.88 | CWPS | Conwest Assoc Part | PairCorr |
| 0.87 | SKSUF | Sekisui Chemical | PairCorr |
| 0.85 | FATBP | FAT Brands | PairCorr |
| 0.85 | CMSQF | Computershare Limited | PairCorr |
| 0.82 | STJPF | St Jamess Place | PairCorr |
| 0.81 | BACQU | Bleichroeder Acquisition | PairCorr |
| 0.78 | SR | Spire Inc | PairCorr |
| 0.78 | DVRNF | Deveron Corp | PairCorr |
| 0.76 | SGU | Star Gas Partners | PairCorr |
| 0.75 | SGAPY | Singapore Telecommunicatio | PairCorr |
| 0.72 | BABA | Alibaba Group Holding Aggressive Push | PairCorr |
Related Correlations Analysis
| 0.73 | -0.71 | -0.45 | -0.35 | ARCVF | ||
| 0.73 | -0.8 | -0.69 | -0.2 | BESIY | ||
| -0.71 | -0.8 | 0.79 | 0.4 | ARKAY | ||
| -0.45 | -0.69 | 0.79 | 0.18 | ASAZY | ||
| -0.35 | -0.2 | 0.4 | 0.18 | AUKNY | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Arcadis Pink Sheet performing well and Arcadis NV 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 Arcadis NV'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ARCVF | 0.70 | (0.36) | 0.00 | (1.57) | 0.00 | 0.00 | 7.60 | |||
| BESIY | 2.16 | (0.15) | 0.00 | 1.82 | 0.00 | 5.18 | 22.99 | |||
| ARKAY | 1.77 | 0.12 | 0.11 | (0.65) | 2.10 | 3.36 | 13.05 | |||
| ASAZY | 1.20 | (0.07) | 0.00 | 0.06 | 0.00 | 2.69 | 8.27 | |||
| AUKNY | 0.99 | 0.05 | 0.00 | (0.26) | 0.00 | 4.63 | 20.04 |
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Arcadis NV Corporate Management
| Virginie DuperatVergne | CFO Board | Profile | |
| Jacoline MSc | Chief Officer | Profile | |
| BE BE | Global Mobility | Profile | |
| BSc BSc | Chief Officer | Profile | |
| Peter BSc | CEO Board | Profile | |
| Bartheke LLM | G Sec | Profile |