Edenred Malakoff Correlations
| EDNMY Stock | USD 16.10 0.10 0.63% |
The current 90-days correlation between Edenred Malakoff ADR and Orix Corp Ads is 0.16 (i.e., Average diversification). The correlation of Edenred Malakoff 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.
Edenred Malakoff Correlation With Market
Average diversification
The correlation between Edenred Malakoff ADR and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Edenred Malakoff ADR and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Edenred Malakoff could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Edenred Malakoff 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 Edenred Malakoff - 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 Edenred Malakoff ADR to buy it.
Moving together with Edenred Pink Sheet
Moving against Edenred Pink Sheet
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| 0.67 | CADE | Cadence Bancorp | PairCorr |
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| 0.64 | DFS | Discover Financial Earnings Call This Week | PairCorr |
| 0.63 | SYF | Synchrony Financial Fiscal Year End 28th of January 2025 | PairCorr |
| 0.54 | DIS | Walt Disney | PairCorr |
| 0.51 | TSLA | Tesla Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.5 | MA | Mastercard | PairCorr |
| 0.48 | EQIX | Equinix | PairCorr |
| 0.45 | MC | Moelis | PairCorr |
| 0.44 | PYPL | PayPal Holdings Sell-off Trend | PairCorr |
| 0.41 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.77 | SNA | Snap On | PairCorr |
| 0.7 | RITM-PC | Rithm Capital Corp | PairCorr |
| 0.7 | EHGO | Eshallgo Class A | PairCorr |
| 0.67 | MCK | McKesson | PairCorr |
| 0.65 | MO | Altria Group | PairCorr |
| 0.64 | GS | Goldman Sachs Group Earnings Call This Week | PairCorr |
| 0.58 | CMA | Comerica Fiscal Year End 17th of January 2025 | PairCorr |
| 0.57 | FNMA | Federal National Mortgage Trending | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Edenred Pink Sheet performing well and Edenred Malakoff 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 Edenred Malakoff'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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CFGX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BCAP | 14.66 | 3.95 | 0.00 | 0.84 | 0.00 | 100.00 | 250.00 | |||
| CYIO | 6.46 | (0.29) | 0.00 | (0.63) | 0.00 | 12.82 | 37.41 | |||
| COSG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RM | 1.82 | 0.10 | 0.04 | 0.30 | 2.27 | 3.79 | 17.16 | |||
| IX | 0.98 | (0.18) | 0.00 | (0.39) | 0.00 | 2.12 | 6.93 | |||
| WRLD | 1.31 | 0.01 | (0.01) | 0.05 | 1.52 | 3.06 | 14.32 | |||
| CPSS | 1.41 | 0.28 | 0.15 | 0.54 | 1.67 | 3.22 | 12.19 | |||
| FCFS | 1.12 | (0.09) | 0.00 | (0.24) | 0.00 | 2.52 | 8.11 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Edenred Malakoff 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?
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Edenred Malakoff Corporate Management
| Emmanuelle Chatelain | VP Communications | Profile | |
| Philippe RellandBernard | Member of the Executive Committee - Legal, Fiscal and Assurances | Profile | |
| JeanBernard Hamel | VP Director | Profile | |
| Julien Tanguy | Ex Fin | Profile |