Cars Correlations

Stocks . Germany . 
Stock . Cars Inc
CK3 Stock  EUR 14.90  0.10  0.67%   
The current 90-days correlation between Cars Inc and Telecom Argentina SA is -0.12 (i.e., Good diversification). The correlation of Cars 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.

Cars Correlation With Market

Average diversification

The correlation between Cars Inc 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 Cars Inc and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Cars could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cars 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 Cars - 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 Cars Inc to buy it.

Moving together with Cars Stock

  0.73CO6 Copart IncPairCorr
  0.665Z0 Zhongsheng Group HoldingsPairCorr
  0.71LMO Lithia MotorsPairCorr
  0.6927J Impinj IncPairCorr
  0.6727J Impinj IncPairCorr
  0.71ADH2 Air CanadaPairCorr

Moving against Cars Stock

  0.57DJDA DIeteren Group SAPairCorr
  0.53A4A ANGLO ASIAN MININGPairCorr
  0.49MM6A Option Care HealthPairCorr
  0.465711 ANTERO MIDSTREAMPairCorr
  0.463P7 PANDORAPairCorr
  0.35AS7 ANTA Sports ProductsPairCorr
  0.35BB2 BURBERRY GROUPPairCorr
  0.74690D Haier Smart HomePairCorr
  0.68ICK Industrial and CommercialPairCorr
  0.657TG TRISTAR GOLDPairCorr
  0.65SRI Sun Art RetailPairCorr
  0.59SXV Xinhua Winshare PublPairCorr
  0.55TOMA Toyota MotorPairCorr
  0.54PJFB PICO FAR EASTPairCorr
  0.549A2 Ares CapitalPairCorr
  0.54MLP MLP SE Earnings Call This WeekPairCorr
  0.53A8D AB SCIENCEPairCorr

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   
NU42
+ 0.65
6IC
COA1
+ 0.64
NU42
COA1
+ 0.5
6IC
6IC
+ 0.33
KMBA
CK3
+ 0.28
KMBA
CK3
+ 0.27
TEO
  
High negative correlations   
COA1
- 0.7
CK3
NU42
- 0.62
TEO
NU42
- 0.52
CK3
COA1
- 0.26
TEO
CK3
- 0.19
6IC
6IC
- 0.18
TEO

Risk-Adjusted Indicators

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

Elected by the shareholders, the Cars' board of directors comprises two types of representatives: Cars inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cars. The board's role is to monitor Cars' management team and ensure that shareholders' interests are well served. Cars' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Cars' outside directors are responsible for providing unbiased perspectives on the board's policies.
Mitch GolubCoFounderProfile
Jennifer VianelloChief OfficerProfile
Robbin MooreRandolphDirector RelationsProfile
Sonia JainChief OfficerProfile
Greg HeidornChief OfficerProfile
William SwislowCoFounderProfile
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