Continental Aktiengesellscha Correlations
| CON Stock | 66.76 1.78 2.60% |
The current 90-days correlation between Continental Aktiengesellscha and ARDAGH METAL PACDL 0001 is 0.08 (i.e., Significant diversification). The correlation of Continental Aktiengesellscha 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.
Continental Aktiengesellscha Correlation With Market
Significant diversification
The correlation between Continental Aktiengesellschaft and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Continental Aktiengesellschaft and DJI in the same portfolio, assuming nothing else is changed.
Continental |
The ability to find closely correlated positions to Continental Aktiengesellscha could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Continental Aktiengesellscha 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 Continental Aktiengesellscha - 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 Continental Aktiengesellschaft to buy it.
Moving together with Continental Stock
| 0.74 | CON | Continental Aktiengesellscha | PairCorr |
| 0.61 | BRYN | Berkshire Hathaway | PairCorr |
| 0.63 | TLLB | Trelleborg AB | PairCorr |
| 0.65 | BY6A | BYD Limited | PairCorr |
| 0.61 | E908 | Lyxor 1 | PairCorr |
| 0.65 | DBPE | Xtrackers LevDAX | PairCorr |
Moving against Continental Stock
| 0.51 | DNO | Dno ASA | PairCorr |
| 0.48 | DNOA | DENSO P ADR | PairCorr |
| 0.47 | ASJA | PT Astra International | PairCorr |
| 0.41 | MGA | Magna International | PairCorr |
| 0.35 | KBIA | KB Financial Group | PairCorr |
| 0.67 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.34 | T9V | TASTY PLC LS | PairCorr |
Related Correlations Analysis
| 0.38 | 0.04 | 0.0 | -0.26 | 0.21 | 7JZ | ||
| 0.38 | 0.0 | 0.0 | -0.02 | 0.08 | ESY | ||
| 0.04 | 0.0 | 0.0 | -0.36 | -0.03 | GZ3 | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | D6V1 | ||
| -0.26 | -0.02 | -0.36 | 0.0 | -0.18 | 3FNA | ||
| 0.21 | 0.08 | -0.03 | 0.0 | -0.18 | KWO | ||
| 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
|
Risk-Adjusted Indicators
There is a big difference between Continental Stock performing well and Continental Aktiengesellscha 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 Continental Aktiengesellscha'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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 7JZ | 2.81 | (0.01) | 0.03 | (0.04) | 3.22 | 7.11 | 26.48 | |||
| ESY | 1.50 | (0.03) | 0.00 | (0.14) | 0.00 | 3.43 | 12.27 | |||
| GZ3 | 1.54 | (0.13) | 0.00 | 0.13 | 0.00 | 2.38 | 8.89 | |||
| D6V1 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| 3FNA | 3.39 | 0.26 | 0.06 | 0.72 | 4.07 | 9.60 | 22.54 | |||
| KWO | 0.98 | 0.03 | 0.04 | (0.19) | 1.34 | 2.15 | 18.52 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Continental Aktiengesellscha 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?
Run Watchlist Optimization Now
Watchlist OptimizationOptimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm |
| All Next | Launch Module |
Continental Aktiengesellscha Corporate Management
Elected by the shareholders, the Continental Aktiengesellscha's board of directors comprises two types of representatives: Continental Aktiengesellscha inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Continental. The board's role is to monitor Continental Aktiengesellscha's management team and ensure that shareholders' interests are well served. Continental Aktiengesellscha'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, Continental Aktiengesellscha's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Christian Kotz | Member Board | Profile | |
| Stefan Scholz | Head Board | Profile | |
| Frank Jourdan | Member Board | Profile | |
| Anna Fischer | Head Relations | Profile | |
| Helmut Matschi | Member Board | Profile | |
| Felix Gress | Head Affairs | Profile |