Realord Group Correlations

Stocks . Germany . 
Stock . Realord Group Holdings
CUV Stock  EUR 0.86  0.02  2.38%   
The current 90-days correlation between Realord Group Holdings and Sims Metal Management is -0.09 (i.e., Good diversification). The correlation of Realord Group 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.

Realord Group Correlation With Market

Significant diversification

The correlation between Realord Group Holdings and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Realord Group Holdings and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Realord Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Realord Group 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 Realord Group - 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 Realord Group Holdings to buy it.

Moving together with Realord Stock

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  0.83GLE Gladstone CommercialPairCorr
  0.686GAA Grupo Aval AccionesPairCorr
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  0.83EC Eaton PLCPairCorr
  0.71HDFA HDFC Bank LimitedPairCorr
  0.8AF4 HANOVER INSURANCEPairCorr
  0.851KB AVITA MedicalPairCorr
  0.77OM6 OReilly AutomotivePairCorr
  0.86HI91 Hilton Worldwide HoldingsPairCorr
  0.83ENR Siemens Energy AGPairCorr
  0.81NSE Nomura HoldingsPairCorr
  0.89BBEA Boston BeerPairCorr
  0.8BZZ Bank of MontrealPairCorr
  0.77OCBA Oversea Chinese BankingPairCorr
  0.62TSFA Taiwan SemiconductorPairCorr

Moving against Realord Stock

  0.936FO GOODTECH ASA APairCorr
  0.77VVDH Veolia EnvironnementPairCorr
  0.77VVD Veolia EnvironnementPairCorr
  0.76VVD Veolia EnvironnementPairCorr
  0.74VVDH Veolia EnvironnementPairCorr
  0.56CJ8A CARGOJET INC VARPairCorr
  0.52NVJP Umicore SAPairCorr
  0.7599Q ENTREPARTICULIERS EOPairCorr
  0.53CN6 BII Railway TransporPairCorr

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   
I8M
+ 0.63
UR3
CE1
+ 0.58
CEK
CE1
+ 0.56
UR3
PRE1
+ 0.51
CE1
QBI
+ 0.49
I8M
PRE1
+ 0.48
UR3
  
High negative correlations   
CE1
- 0.83
B2W
B2W
- 0.61
UR3
CEK
- 0.51
B2W
QBI
- 0.33
CE1
PRE1
- 0.23
B2W
QBI
- 0.12
CEK

Risk-Adjusted Indicators

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

Elected by the shareholders, the Realord Group's board of directors comprises two types of representatives: Realord Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Realord. The board's role is to monitor Realord Group's management team and ensure that shareholders' interests are well served. Realord Group'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, Realord Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
Susan SmithNon-Executive DirectorProfile
Madam SuCEO DirectorProfile
Xiaodong LinEx DirectorProfile
Jeffrey RosenfeldNon-Executive DirectorProfile
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