Esprinet SpA Correlations
| EP4A Stock | EUR 5.18 0.22 4.07% |
The correlation of Esprinet SpA 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.
Esprinet SpA Correlation With Market
Good diversification
The correlation between Esprinet SpA and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Esprinet SpA and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Esprinet SpA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Esprinet SpA 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 Esprinet SpA - 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 Esprinet SpA to buy it.
Moving together with Esprinet Stock
| 0.75 | VOWB | VOLKSWAGEN AG VZ | PairCorr |
| 0.73 | VOW3 | Volkswagen AG VZO | PairCorr |
| 0.75 | VOW3 | Volkswagen AG | PairCorr |
| 0.77 | VOW | Volkswagen AG | PairCorr |
| 0.85 | 19YA | Yiren Digital | PairCorr |
| 0.8 | ZEG | ASTRAZENECA | PairCorr |
| 0.62 | AV6 | Avista | PairCorr |
| 0.74 | VOW | Volkswagen AG | PairCorr |
| 0.7 | MM0 | MONETA MONEY BANK | PairCorr |
| 0.82 | RHM | Rheinmetall AG | PairCorr |
| 0.78 | WY8 | Universal Health Realty | PairCorr |
| 0.79 | AG1 | AUTO1 Group SE | PairCorr |
| 0.76 | STD | STANDARD CHARTERED | PairCorr |
| 0.78 | KGHA | KGHM Polska Miedz Earnings Call This Week | PairCorr |
| 0.61 | CMW | CHINA M SRVCS Earnings Call This Week | PairCorr |
| 0.75 | CJH | CanSino Biologics | PairCorr |
Moving against Esprinet Stock
| 0.76 | PCC | PC Connection | PairCorr |
| 0.73 | FEV | FORTEC Elektronik | PairCorr |
| 0.66 | ARW | Arrow Electronics | PairCorr |
| 0.63 | PYA | Wayside Technology | PairCorr |
| 0.61 | AMZ | Amazon Inc | PairCorr |
| 0.58 | AMZ | Amazon Inc | PairCorr |
| 0.54 | HHP2 | Hon Hai Precision | PairCorr |
| 0.83 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.72 | J9I0 | 5E ADVANCED MATERIALS Split | PairCorr |
| 0.5 | I7G | Ipsen SA | PairCorr |
Related Correlations Analysis
| -1.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | CKS2 | ||
| -1.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | DG9 | ||
| 0.0 | 0.0 | 0.4 | 0.06 | -0.29 | 0.43 | B7O | ||
| 0.0 | 0.0 | 0.4 | -0.17 | -0.61 | -0.16 | UTDI | ||
| 0.0 | 0.0 | 0.06 | -0.17 | 0.4 | 0.03 | UVD | ||
| 0.0 | 0.0 | -0.29 | -0.61 | 0.4 | 0.22 | FR70 | ||
| 0.0 | 0.0 | 0.43 | -0.16 | 0.03 | 0.22 | CTO0 | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Esprinet Stock performing well and Esprinet SpA 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 Esprinet SpA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CKS2 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DG9 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| B7O | 1.35 | 0.03 | 0.02 | 0.74 | 2.00 | 3.85 | 14.84 | |||
| UTDI | 1.76 | 0.27 | 0.18 | (4.56) | 1.70 | 4.59 | 12.74 | |||
| UVD | 1.60 | (0.03) | 0.00 | (0.66) | 0.00 | 4.38 | 12.03 | |||
| FR70 | 1.32 | (0.25) | 0.00 | (1.51) | 0.00 | 2.04 | 7.64 | |||
| CTO0 | 1.55 | (0.23) | 0.00 | (1.29) | 0.00 | 2.82 | 12.25 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Esprinet SpA 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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Esprinet SpA Corporate Management
Elected by the shareholders, the Esprinet SpA's board of directors comprises two types of representatives: Esprinet SpA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Esprinet. The board's role is to monitor Esprinet SpA's management team and ensure that shareholders' interests are well served. Esprinet SpA'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, Esprinet SpA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Alessandro Cattani | CEO Director | Profile | |
| Giuseppe Monina | Internal Board | Profile | |
| Maurizio Rota | Chairman Pres | Profile | |
| Giovanni Testa | Chief Officer | Profile | |
| Manfredi Tolomei | Sec | Profile | |
| Angela Azzolina | Corp Board | Profile |