Fluidra Correlations
| FDR Stock | EUR 22.40 0.22 0.99% |
The current 90-days correlation between Fluidra and Laboratorios Farmaceuticos ROVI is 0.26 (i.e., Modest diversification). The correlation of Fluidra 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.
Fluidra Correlation With Market
Weak diversification
The correlation between Fluidra and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fluidra and DJI in the same portfolio, assuming nothing else is changed.
Fluidra |
The ability to find closely correlated positions to Fluidra could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fluidra 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 Fluidra - 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 Fluidra to buy it.
Moving together with Fluidra Stock
Moving against Fluidra Stock
| 0.79 | CAF | Construcciones y Auxiliar | PairCorr |
| 0.76 | ORY | Oryzon Genomics SA | PairCorr |
| 0.74 | SAN | Banco Santander | PairCorr |
| 0.67 | GRE | Grenergy Renovables | PairCorr |
| 0.66 | ACS | ACS Actividades de | PairCorr |
| 0.59 | TRE | Tecnicas Reunidas | PairCorr |
| 0.5 | CEV | Compania Espanola | PairCorr |
| 0.46 | SCYR | Sacyr SA | PairCorr |
| 0.39 | NEA | Nicolas Correa SA | PairCorr |
| 0.35 | MTB | Montebalito SA | PairCorr |
| 0.76 | ACX | Acerinox | PairCorr |
| 0.7 | BBVA | Banco Bilbao Vizcaya | PairCorr |
| 0.7 | MTS | ArcelorMittal SA | PairCorr |
| 0.67 | FCC | Fomento de Construcciones | PairCorr |
| 0.6 | ALM | Almirall SA | PairCorr |
| 0.59 | MCM | Miquel y Costas | PairCorr |
| 0.58 | PHM | Pharma Mar SA | PairCorr |
| 0.56 | EBRO | Ebro Foods | PairCorr |
| 0.56 | IBE | Iberdrola SA | PairCorr |
| 0.55 | GRF | Grifols SA | PairCorr |
| 0.52 | VID | Vidrala SA | PairCorr |
| 0.52 | NTGY | Naturgy Energy Group | PairCorr |
| 0.47 | APAM | Aperam SA | PairCorr |
| 0.44 | MAP | Mapfre | PairCorr |
| 0.43 | VIS | Viscofan | PairCorr |
Related Correlations Analysis
| 0.0 | -0.59 | 0.69 | -0.32 | ROVI | ||
| 0.0 | 0.26 | 0.25 | -0.15 | SLR | ||
| -0.59 | 0.26 | -0.71 | 0.24 | GRF | ||
| 0.69 | 0.25 | -0.71 | -0.29 | CIE | ||
| -0.32 | -0.15 | 0.24 | -0.29 | CLNX | ||
| 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
|
Risk-Adjusted Indicators
There is a big difference between Fluidra Stock performing well and Fluidra 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 Fluidra'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ROVI | 1.32 | (0.20) | 0.00 | (1.32) | 0.00 | 1.79 | 18.44 | |||
| SLR | 1.73 | (0.18) | 0.00 | (2.03) | 0.00 | 5.02 | 11.08 | |||
| GRF | 1.77 | 0.05 | 0.06 | 0.17 | 2.05 | 3.39 | 20.70 | |||
| CIE | 0.84 | (0.18) | 0.00 | (1.02) | 0.00 | 1.61 | 6.16 | |||
| CLNX | 1.44 | 0.04 | 0.05 | 0.01 | 1.86 | 2.75 | 13.78 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Fluidra 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?
Run CEOs Directory Now
CEOs DirectoryScreen CEOs from public companies around the world |
| All Next | Launch Module |
Fluidra Corporate Management
Elected by the shareholders, the Fluidra's board of directors comprises two types of representatives: Fluidra inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fluidra. The board's role is to monitor Fluidra's management team and ensure that shareholders' interests are well served. Fluidra'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, Fluidra's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Joan Vila | Founder Pres | Profile | |
| Joseph Linguadoca | Global Mang | Profile | |
| Cristina Garca | Director Relations | Profile | |
| Bea Strebl | Head Relations | Profile | |
| Xavier Segura | Chief Officer | Profile | |
| Bruce Brooks | CoCEO Director | Profile | |
| Nicolas Fernandez | Global Mang | Profile |