Dürr Aktiengesellscha Correlations

DUERF Stock  USD 24.12  1.82  8.16%   
The current 90-days correlation between Drr Aktiengesellschaft and Fanuc is -0.08 (i.e., Good diversification). The correlation of Dürr 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.

Dürr Aktiengesellscha Correlation With Market

Good diversification

The correlation between Drr Aktiengesellschaft and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Drr Aktiengesellschaft and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Dürr 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 Dürr 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 Dürr 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 Drr Aktiengesellschaft to buy it.

Moving against Dürr Pink Sheet

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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   
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SBGSYFANUF
VWDRYFANUF
VWDRYNJDCY
VWDRYSBGSY
  
High negative correlations   
SIEGYSBGSY
NJDCYSIEGY
VWDRYSIEGY
SIEGYFANUF

Risk-Adjusted Indicators

There is a big difference between Dürr Pink Sheet performing well and Dürr 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 Dürr 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Dürr 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.

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Dürr Aktiengesellscha Corporate Management

Lars FriedrichChief TechnologyProfile
Dietmar HeinrichCFO BoardProfile
Kenneth ZakChief SystemsProfile
Jochen WeyrauchMember of the Management BoardProfile
Daniel SchmittChief DivisionProfile
Uwe SiewertHead SystemsProfile
Peter LegnerHead ChinaProfile