Carmat SA Correlations

Stocks . Germany . 
Stock . Carmat SA
CXT Stock  EUR 0.87  0.01  1.14%   
The current 90-days correlation between Carmat SA and Media and Games is -0.04 (i.e., Good diversification). The correlation of Carmat SA 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.

Carmat SA Correlation With Market

Significant diversification

The correlation between Carmat SA and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Carmat SA and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Carmat SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carmat SA 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 Carmat SA - 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 Carmat SA to buy it.

Moving together with Carmat Stock

  0.62HYB HOYAPairCorr

Moving against Carmat Stock

  0.7692I ROMERIKE SPAREBANKPairCorr
  0.69893 MITSUBISHI KAKOKIPairCorr
  0.69YHA YamahaPairCorr
  0.63ESLC ESSILORLUXOTTICA 12ONPairCorr
  0.63ESL EssilorLuxottica SocitPairCorr
  0.61HCMA HITACHI CONSTRMACHADR/2PairCorr
  0.575F3 JINS HOLDINGS INCPairCorr
  0.53SON1 Sony Group CorpPairCorr
  0.52TM2 Sydbank A/SPairCorr
  0.32SRT4 SARTORIUS AG UNSPADRPairCorr
  0.72DTEA Deutsche TelekomPairCorr
  0.67NOA3 NokiaPairCorr
  0.6307M China Modern DairyPairCorr
  0.627AA APERAM REGPairCorr
  0.61IDI InterDigitalPairCorr
  0.6ALVE ALLIANZ SE UNSPADRPairCorr
  0.58MARA MARUBENI CORPPairCorr
  0.56QB3 QuebecorPairCorr
  0.54KGHA KGHM Polska Miedz Earnings Call This WeekPairCorr
  0.52DLN DE LONGHIPairCorr
  0.51AF4 Hanover InsurancePairCorr
  0.47IBE1 Iberdrola SAPairCorr
  0.46KN7 Eskay Mining CorpPairCorr
  0.41NST STEULER FLIESENGRUPPEPairCorr
  0.4A0T American Tower CorpPairCorr
  0.38HFF HARTFORD FIN SERVPairCorr
  0.6207M CN MODERN DAIRYPairCorr
  0.62GG7 GRIFFIN MINING LTDPairCorr

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   
8P7
+ 0.72
NWJ
CH5
+ 0.59
NWJ
2LH
+ 0.59
47X
M8G
+ 0.57
NWJ
8P7
+ 0.55
M8G
CH5
+ 0.54
M8G
  
High negative correlations   
45P
- 0.68
8P7
5QV
- 0.6
2LH
45P
- 0.59
NWJ
5QV
- 0.55
8P7
45P
- 0.53
M8G
47X
- 0.38
45P

Risk-Adjusted Indicators

There is a big difference between Carmat Stock performing well and Carmat SA 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 Carmat SA'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 Carmat SA 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 Stock Screener Now

   

Stock Screener

Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
All  Next Launch Module

Carmat SA Corporate Management

Elected by the shareholders, the Carmat SA's board of directors comprises two types of representatives: Carmat SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Carmat. The board's role is to monitor Carmat SA's management team and ensure that shareholders' interests are well served. Carmat SA'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, Carmat SA's outside directors are responsible for providing unbiased perspectives on the board's policies.
Francesco ArecchiMarketing MangProfile
Petrus JansenChief OfficerProfile
Eric RichezSales DirectorProfile
Stephane PiatCEO DirectorProfile
Raouia BouyanzerHR DirectorProfile
Pascale dArbonneauCFO relationsProfile
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY