Metro AG Correlations

Stocks . Germany . 
Stock . Metro AG
B4B Stock  EUR 4.26  0.07  1.67%   
The current 90-days correlation between Metro AG and Webster Financial is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Metro AG moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Metro AG moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Metro AG Correlation With Market

Good diversification

The correlation between Metro AG and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Metro AG and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Metro AG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Metro AG 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 Metro AG - 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 Metro AG to buy it.

Moving together with Metro Stock

  0.83BUU DevEx ResourcesPairCorr

Moving against Metro Stock

  0.79MSF MicrosoftPairCorr
  0.79MSF MicrosoftPairCorr
  0.79MSF MicrosoftPairCorr
  0.79MSF MicrosoftPairCorr
  0.77APC Apple IncPairCorr
  0.76APC Apple IncPairCorr
  0.75APC Apple IncPairCorr
  0.75APC Apple IncPairCorr
  0.75APC Apple IncPairCorr
  0.75APC Apple IncPairCorr
  0.45DBPE Xtrackers LevDAXPairCorr
  0.41E908 Lyxor 1PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Metro Stock performing well and Metro AG 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 Metro AG'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 Metro AG 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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