Alten SA Correlations

Stocks . France . 
Stock . Alten SA
ATE Stock  EUR 98.60  0.05  0.05%   
The current 90-days correlation between Alten SA and Sopra Steria Group is 0.71 (i.e., Poor diversification). The correlation of Alten 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.

Alten SA Correlation With Market

Average diversification

The correlation between Alten SA and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alten SA and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Alten 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 Alten 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 Alten 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 Alten SA to buy it.

Moving together with Alten Stock

  0.8ATO Atos SEPairCorr
  0.81NRO NeuronesPairCorr
  0.87WAVE Wavestone SAPairCorr
  0.93BNP BNP Paribas SAPairCorr
  0.92ACA Credit Agricole SAPairCorr
  0.91GLE Societe GeneralePairCorr
  0.68RNL Renault Socit AnonymePairCorr
  0.64TTE TotalEnergies SEPairCorr
  0.9ORA Orange SAPairCorr
  0.74ENGI Engie SAPairCorr
  0.78HDF Hydrogene De FrancePairCorr
  0.69ALBLD Bilendi Earnings Call This WeekPairCorr
  0.83ML Compagnie Generale desPairCorr
  0.66ALSOG Sogeclair SAPairCorr
  0.87ALPDX Piscines DesjoyauxPairCorr
  0.76CDA Compagnie des AlpesPairCorr
  0.67BUR Burelle SAPairCorr
  0.86NOKIA Nokia OyjPairCorr
  0.87CRLO Caisse RegionalePairCorr
  0.75ALESK Esker SA Earnings Call This WeekPairCorr
  0.8ALLOG Logic InstrumePairCorr
  0.77VIE Veolia EnvironnementPairCorr
  0.74IVA Inventiva SA Earnings Call This WeekPairCorr
  0.89BALYO Balyo SAPairCorr
  0.74ALSTW StreamwidePairCorr
  0.84EXPL EPC GroupePairCorr
  0.84BEN Bnteau SAPairCorr

Moving against Alten Stock

  0.34INF Infotel SAPairCorr
  0.35AAA Alan Allman AssociatesPairCorr
  0.32NACON Nacon 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   
CAP
+ 0.76
SOP
ATO
+ 0.73
TEP
AUB
+ 0.52
CAP
AUB
+ 0.41
SOP
TEP
+ 0.31
SOP
CAP
+ 0.15
TEP
  
High negative correlations   
ATO
- 0.44
CAP
ATO
- 0.21
AUB
ATO
- 0.11
SOP

Risk-Adjusted Indicators

There is a big difference between Alten Stock performing well and Alten 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 Alten 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 Alten 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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Alten SA Corporate Management

Elected by the shareholders, the Alten SA's board of directors comprises two types of representatives: Alten SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Alten. The board's role is to monitor Alten SA's management team and ensure that shareholders' interests are well served. Alten 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, Alten SA's outside directors are responsible for providing unbiased perspectives on the board's policies.
Gualtiero BazzanaEx TelecomsProfile
Pierre MarcelChief GermanyProfile
V IgnacioManaging MadridProfile
Stephane OugierEx subsidiariesProfile
Pascal AmoreEx AsiaProfile
Gerald AttiaDeputy DirectorProfile
Bruno BenolielChief OfficerProfile
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