Carrefour Correlations

Stocks . Germany . 
Stock . Carrefour SA
CAR Stock  EUR 12.91  0.22  1.68%   
The current 90-days correlation between Carrefour SA and MeVis Medical Solutions is 0.1 (i.e., Average diversification). The correlation of Carrefour 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.

Carrefour Correlation With Market

Average diversification

The correlation between Carrefour SA and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Carrefour SA and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Carrefour could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carrefour 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 Carrefour - 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 Carrefour SA to buy it.

Moving together with Carrefour Stock

  0.71S6M Seven i HoldingsPairCorr
  0.63HYB HOYAPairCorr
  0.79WDC WESTERN DIGITALPairCorr
  0.78WDC WESTERN DIGITALPairCorr
  0.77WDC WESTERN DIGITALPairCorr
  0.77WDC WESTERN DIGITALPairCorr
  0.73WDC Western DigitalPairCorr
  0.68CYL CryoLifePairCorr
  0.72CYL CRYOLIFEPairCorr

Moving against Carrefour Stock

  0.74A5G AIB Group plcPairCorr
  0.66MARA MARUBENI CORPPairCorr
  0.6507M CN MODERN DAIRYPairCorr
  0.62DEZ Deutz AG Earnings Call TodayPairCorr
  0.628KH TOREX SEMICONDUCTOR LTDPairCorr
  0.59NOA3 NokiaPairCorr
  0.56DTEA Deutsche TelekomPairCorr
  0.561BO BALYO SA EO Earnings Call TodayPairCorr
  0.567AA APERAM REGPairCorr
  0.497WO0 ARCADIUM LITHIUM PLCPairCorr
  0.44A0T American Tower CorpPairCorr
  0.36HDB AZIMUT HOLDINGPairCorr
  0.31UWS Waste ManagementPairCorr
  0.83APM AD PEPPER MEDIAPairCorr
  0.7KN7 Eskay Mining CorpPairCorr
  0.7ZHJ Zhejiang Expressway Earnings Call This WeekPairCorr
  0.6807M China Modern DairyPairCorr

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   
MM3
+ 0.67
63E
S4M
+ 0.64
M3V
SGM
+ 0.56
GME
CFC
+ 0.52
M3V
AQA
+ 0.49
MM3
S4M
+ 0.33
CFC
  
High negative correlations   
S4M
- 0.59
GME
S4M
- 0.41
MM3
MM3
- 0.3
CFC
SGM
- 0.29
MM3
GME
- 0.29
M3V
SGM
- 0.28
63E

Risk-Adjusted Indicators

There is a big difference between Carrefour Stock performing well and Carrefour 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 Carrefour'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 Carrefour 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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Carrefour Corporate Management

Elected by the shareholders, the Carrefour's board of directors comprises two types of representatives: Carrefour inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Carrefour. The board's role is to monitor Carrefour's management team and ensure that shareholders' interests are well served. Carrefour'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, Carrefour's outside directors are responsible for providing unbiased perspectives on the board's policies.
Juan CubilloHead MarketingProfile
Laurent ValleeGen EuropeProfile
Christophe RabatelChief divisionProfile
Elodie PethuisotDigital CommerceProfile
Caroline DassieCustomers MarketingProfile
Matthieu MaligeChief OfficerProfile
Alexandre BompardChairman CEOProfile
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