EnBW Energie Correlations

Stocks . Germany . 
Stock . EnBW Energie Baden Wrttemberg
EBK Stock   70.80  1.40  2.02%   
The current 90-days correlation between EnBW Energie Baden and Zijin Mining Group is 0.07 (i.e., Significant diversification). The correlation of EnBW Energie 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.

EnBW Energie Correlation With Market

Good diversification

The correlation between EnBW Energie Baden Wrttemberg and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EnBW Energie Baden Wrttemberg and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to EnBW Energie could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EnBW Energie 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 EnBW Energie - 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 EnBW Energie Baden Wrttemberg to buy it.

Moving together with EnBW Stock

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  0.61JNJ Johnson JohnsonPairCorr
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  0.89BNPH BNP PARIBAS ADRPairCorr
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Moving against EnBW Stock

  0.8APC Apple IncPairCorr
  0.69KBIA KB Financial GroupPairCorr
  0.67SID State BankPairCorr
  0.48OIX ORIXPairCorr
  0.453LQ QMC Quantum MineralsPairCorr
  0.33W8M1 RPCG PCL NVDRPairCorr

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   
FJZ
+ 0.76
8QC
FJZ
+ 0.7
P4Q
I43
+ 0.68
8QC
I43
+ 0.64
P4Q
FJZ
+ 0.64
I43
DGD
+ 0.61
P4Q
  
High negative correlations   
7JZ
- 0.54
DGD
7JZ
- 0.43
SW6
8QC
- 0.24
SW6
7JZ
- 0.22
P4Q
FJZ
- 0.17
7JZ
FJZ
- 0.04
SW6

Risk-Adjusted Indicators

There is a big difference between EnBW Stock performing well and EnBW Energie 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 EnBW Energie'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 EnBW Energie 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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EnBW Energie Corporate Executives

Elected by the shareholders, the EnBW Energie's board of directors comprises two types of representatives: EnBW Energie inside directors who are chosen from within the company, and outside directors, selected externally and held independent of EnBW. The board's role is to monitor EnBW Energie's management team and ensure that shareholders' interests are well served. EnBW Energie'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, EnBW Energie's outside directors are responsible for providing unbiased perspectives on the board's policies.
Thomas KustererCFO BoardProfile
Dirk GusewellCOO BoardProfile
Georgios StamatelopoulosCOO BoardProfile
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