CTS Eventim Correlations

Stocks . Germany . 
Stock . CTS Eventim AG
EVD Stock  EUR 101.90  1.80  1.80%   
The current 90-days correlation between CTS Eventim AG and Spirent Communications plc is -0.15 (i.e., Good diversification). The correlation of CTS Eventim 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.

CTS Eventim Correlation With Market

Average diversification

The correlation between CTS Eventim AG and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CTS Eventim AG and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to CTS Eventim could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CTS Eventim 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 CTS Eventim - 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 CTS Eventim AG to buy it.

Moving together with CTS Stock

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  0.82RHM Rheinmetall AGPairCorr
  0.91VOW Volkswagen AGPairCorr
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  0.88MM0 MONETA MONEY BANKPairCorr
  0.9319YA Yiren DigitalPairCorr
  0.96STD STANDARD CHARTEREDPairCorr
  0.82APM AD PEPPER MEDIAPairCorr
  0.88VOWA VOLKSWAGEN ADR 110ONPairCorr
  0.89AG1 AUTO1 Group SEPairCorr
  0.77CMW CHINA M SRVCS Earnings Call This WeekPairCorr
  0.8KGHA KGHM Polska Miedz Earnings Call This WeekPairCorr
  0.96ZEG ASTRAZENECAPairCorr

Moving against CTS Stock

  0.86PQ9 BANK MANDIRIPairCorr
  0.82PQ9 PT Bank MandiriPairCorr
  0.72BYRA BANK RAKYAT INDPairCorr
  0.7ZZA Cinemark HoldingsPairCorr
  0.59BYRA PT Bank RakyatPairCorr
  0.47BYRA BANK RAKYAT INDPairCorr
  0.46BYRA PT Bank RakyatPairCorr
  0.94DBPD Xtrackers ShortDAXPairCorr
  0.73J9I0 5E ADVANCED MATERIALS SplitPairCorr
  0.3834T1 Tiangong International Earnings Call This WeekPairCorr

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   
BAC
+ 0.81
CI1A
0M7
+ 0.57
BW8
BAC
+ 0.51
BW8
BW8
+ 0.5
CI1A
0M7
+ 0.45
CI1A
0M7
+ 0.42
BAC
  
High negative correlations   
NI6
- 0.5
UN3
NI6
- 0.42
CI1A
NI6
- 0.4
BAC
0M7
- 0.33
UN3
NI6
- 0.16
BW8
BW8
- 0.03
UN3

Risk-Adjusted Indicators

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

Elected by the shareholders, the CTS Eventim's board of directors comprises two types of representatives: CTS Eventim inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CTS. The board's role is to monitor CTS Eventim's management team and ensure that shareholders' interests are well served. CTS Eventim'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, CTS Eventim's outside directors are responsible for providing unbiased perspectives on the board's policies.
Frank BrandmaierHead CommunicationsProfile
Betriebswirt RuoffCOO BoardProfile
KlausPeter SchulenbergChairman CEOProfile
Marco HaeckermannVP StrategyProfile
Simon LewisHead AgProfile
Andreas GrandingerCFO BoardProfile
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