Celebrus Technologies Correlations
| CLBS Stock | 245.00 5.00 2.08% |
The current 90-days correlation between Celebrus Technologies plc and Pensionbee Group PLC is 0.08 (i.e., Significant diversification). The correlation of Celebrus Technologies 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.
Celebrus Technologies Correlation With Market
Modest diversification
The correlation between Celebrus Technologies plc and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Celebrus Technologies plc and DJI in the same portfolio, assuming nothing else is changed.
Celebrus |
The ability to find closely correlated positions to Celebrus Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Celebrus Technologies 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 Celebrus Technologies - 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 Celebrus Technologies plc to buy it.
Moving together with Celebrus Stock
| 0.95 | TRCS | Tracsis Plc | PairCorr |
| 0.87 | EYE | Eagle Eye Solutions | PairCorr |
| 0.89 | SPSY | Spectra Systems Corp | PairCorr |
| 0.66 | BRCK | Brickability Group Plc | PairCorr |
Moving against Celebrus Stock
| 0.86 | 0P6O | Volkswagen AG Non | PairCorr |
| 0.85 | 0P6N | Volkswagen AG | PairCorr |
| 0.76 | 0R1W | Walmart | PairCorr |
| 0.67 | CPG | Compass Group PLC | PairCorr |
| 0.5 | PBEE | Pensionbee Group PLC | PairCorr |
| 0.46 | SAAS | Microlise Group PLC | PairCorr |
| 0.4 | ADVT | AdvancedAdvT | PairCorr |
| 0.35 | 0VSO | BYD Co | PairCorr |
| 0.31 | 0H3Q | Deutsche Post AG Earnings Call This Week | PairCorr |
| 0.89 | GLDA | Amundi Physical Gold | PairCorr |
| 0.89 | IMM | ImmuPharma PLC | PairCorr |
| 0.88 | 0RLW | Commerzbank AG | PairCorr |
| 0.79 | HSBK | Halyk Bank | PairCorr |
| 0.75 | CVSG | CVS Group Plc | PairCorr |
| 0.72 | ZPHR | Zephyr Energy PLC | PairCorr |
| 0.7 | VAST | Vast Resources PLC | PairCorr |
| 0.65 | EUA | Eurasia Mining | PairCorr |
| 0.62 | ATG | Auction Technology | PairCorr |
| 0.54 | 0HCI | Alibaba Group Holding | PairCorr |
| 0.49 | 0QZ5 | Cognizant Technology | PairCorr |
| 0.43 | 0JS2 | Kroger Earnings Call This Week | PairCorr |
| 0.37 | 0HIT | Iberdrola | PairCorr |
| 0.35 | 0XS9 | Holmen AB | PairCorr |
| 0.94 | 0O9Q | alstria office REIT | PairCorr |
| 0.92 | AAF | Airtel Africa Plc | PairCorr |
| 0.84 | 0R96 | Flow Traders NV | PairCorr |
| 0.84 | 0RP8 | Liechtensteinische | PairCorr |
| 0.8 | AGL | ANGLE plc | PairCorr |
| 0.78 | AMRQ | Amaroq Minerals | PairCorr |
Related Correlations Analysis
| 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 Celebrus Stock performing well and Celebrus Technologies 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 Celebrus Technologies' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GBG | 1.09 | (0.24) | 0.00 | (3.48) | 0.00 | 2.10 | 6.45 | |||
| PBEE | 1.93 | 0.11 | 0.05 | (0.31) | 2.44 | 5.00 | 16.27 | |||
| DOTD | 1.91 | (0.22) | 0.00 | (0.41) | 0.00 | 3.83 | 13.88 | |||
| ADVT | 1.35 | 0.22 | 0.09 | 7.63 | 1.31 | 3.51 | 13.38 | |||
| SAAS | 1.60 | 0.09 | 0.04 | 1.05 | 1.66 | 2.63 | 32.23 | |||
| TRCS | 2.32 | (0.61) | 0.00 | (0.97) | 0.00 | 4.52 | 24.51 | |||
| EYE | 1.15 | (0.22) | 0.00 | (0.25) | 0.00 | 1.96 | 26.19 | |||
| SPSY | 1.08 | (0.13) | 0.00 | (1.29) | 0.00 | 2.46 | 7.95 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Celebrus Technologies 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.Did you try this?
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Celebrus Technologies Corporate Management
Elected by the shareholders, the Celebrus Technologies' board of directors comprises two types of representatives: Celebrus Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Celebrus. The board's role is to monitor Celebrus Technologies' management team and ensure that shareholders' interests are well served. Celebrus Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Celebrus Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Mark Esq | Chief Officer | Profile | |
| Vicky Baker | People HR | Profile | |
| James Thorne | Company Secretary | Profile | |
| Ant Phillips | Chief Officer | Profile | |
| Tiffany Staples | Vice Marketing | Profile |