JCDecaux Correlations

Stocks . Germany . 
Stock . JCDecaux SA
DCS Stock  EUR 14.80  0.06  0.40%   
The current 90-days correlation between JCDecaux SA and CyberAgent is 0.03 (i.e., Significant diversification). The correlation of JCDecaux 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.

JCDecaux Correlation With Market

Good diversification

The correlation between JCDecaux SA and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JCDecaux SA and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to JCDecaux could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JCDecaux 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 JCDecaux - 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 JCDecaux SA to buy it.

Moving together with JCDecaux Stock

  0.7DEN Dentsu GroupPairCorr
  0.96SAX Strer SEPairCorr
  0.94VOWB VOLKSWAGEN AG VZPairCorr
  0.94VOW3 Volkswagen AG VZOPairCorr
  0.94VOW3 Volkswagen AGPairCorr
  0.95VOW Volkswagen AGPairCorr
  0.65LHL1 Lenovo Group LimitedPairCorr

Moving against JCDecaux Stock

  0.87WMT WalmartPairCorr
  0.87WMT WalmartPairCorr
  0.850WPA WPP PLC ADRPairCorr
  0.85AMZ Amazon IncPairCorr
  0.840WP WPP PLCPairCorr
  0.84AMZ Amazon IncPairCorr
  0.64CSA Accenture plcPairCorr
  0.58PU4 Publicis Groupe SAPairCorr
  0.32HHP2 Hon Hai PrecisionPairCorr
  0.96BKJ Brinker InternationalPairCorr
  0.962KD Kinder MorganPairCorr
  0.95EM4 EMCOR GroupPairCorr
  0.91MTLA Motorola SolutionsPairCorr
  0.79MNL Gruppo Mutuionline SpAPairCorr
  0.74TC7 TIANDE CHEMICALPairCorr
  0.7APC Apple IncPairCorr
  0.67XGH ENN Energy HoldingsPairCorr
  0.64TLX Talanx AGPairCorr
  0.51CNN1 Canon IncPairCorr
  0.41D7P Liaoning Port CoLtdPairCorr
  0.97GM0N GLOBUS MEDICAL APairCorr
  0.95CCJ Cincinnati FinancialPairCorr
  0.94ONK ONEOK IncPairCorr
  0.93WD1 WD 40 COPairCorr

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   
0WPA
+ 0.99
0WP
SAX
+ 0.96
DCS
0WP
+ 0.77
PU4
0WPA
+ 0.77
PU4
CL2
+ 0.61
PU4
CL2
+ 0.45
0WP
  
High negative correlations   
DCS
- 0.85
0WPA
DCS
- 0.84
0WP
SAX
- 0.8
0WPA
SAX
- 0.8
0WP
SAX
- 0.62
PU4
DCS
- 0.58
PU4

Risk-Adjusted Indicators

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

Elected by the shareholders, the JCDecaux's board of directors comprises two types of representatives: JCDecaux inside directors who are chosen from within the company, and outside directors, selected externally and held independent of JCDecaux. The board's role is to monitor JCDecaux's management team and ensure that shareholders' interests are well served. JCDecaux'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, JCDecaux's outside directors are responsible for providing unbiased perspectives on the board's policies.
Emmanuel BastideMD BoardProfile
Bertrand AllainGroup CounselProfile
Remi GrisardHead CommunicationProfile
JeanFranois DecauxCoCEO BoardProfile
JeanMichel GeffroyProduct FinProfile
Daniel MBADBAAustria, GermanyProfile
Stphane PrigentCorp DirectorProfile
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