Financiere Moncey Correlations

FMONC Stock

130.02 0.44 0.34%

The current 90-days correlation between Financiere Moncey and LVMH Mot Hennessy is 0.09 (i.e., Significant diversification). The correlation of Financiere Moncey 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.

Financiere Moncey Correlation With Market

Good diversification

The correlation between Financiere Moncey SA and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Financiere Moncey SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Financiere Moncey could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Financiere Moncey 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 Financiere Moncey - 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 Financiere Moncey SA to buy it.

Moving together with Financiere Stock

0.62	RMS	Hermes International SCA	Pair Corr
0.74	OPM	OPmobility SE	Pair Corr
0.74	RNO	Renault SA	Pair Corr
0.71	AIR	Airbus Group SE	Pair Corr
0.62	ALMIB	Amoeba SA	Pair Corr
0.69	AC	Accor S A	Pair Corr
0.73	JCQ	Jacquet Metal Service	Pair Corr
0.67	ALKKO	Kko International	Pair Corr

Related Correlations Analysis

	MC	MTU	MEMS	MAAT	POXEL	ALTTU	ERA	ALTBG	SRICD	AKW
MC		0.53	0.6	-0.22	0.24	0.0	0.64	-0.3	0.01	0.33	MC
MTU	0.53		0.48	-0.44	0.51	0.0	0.71	-0.55	-0.51	0.68	MTU
MEMS	0.6	0.48		-0.05	0.05	0.0	0.35	-0.1	-0.05	0.2	MEMS
MAAT	-0.22	-0.44	-0.05		-0.71	0.0	-0.47	0.89	0.69	-0.79	MAAT
POXEL	0.24	0.51	0.05	-0.71		0.0	0.73	-0.83	-0.75	0.8	POXEL
ALTTU	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	ALTTU
ERA	0.64	0.71	0.35	-0.47	0.73	0.0		-0.66	-0.56	0.71	ERA
ALTBG	-0.3	-0.55	-0.1	0.89	-0.83	0.0	-0.66		0.79	-0.94	ALTBG
SRICD	0.01	-0.51	-0.05	0.69	-0.75	0.0	-0.56	0.79		-0.83	SRICD
AKW	0.33	0.68	0.2	-0.79	0.8	0.0	0.71	-0.94	-0.83		AKW
	MC	MTU	MEMS	MAAT	POXEL	ALTTU	ERA	ALTBG	SRICD	AKW

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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

ALTBG	+ 0.89	MAAT
AKW	+ 0.8	POXEL
SRICD	+ 0.79	ALTBG
ERA	+ 0.73	POXEL
ERA	+ 0.71	MTU
AKW	+ 0.71	ERA

High negative correlations

AKW	- 0.94	ALTBG
AKW	- 0.83	SRICD
ALTBG	- 0.83	POXEL
AKW	- 0.79	MAAT
SRICD	- 0.75	POXEL
POXEL	- 0.71	MAAT

Risk-Adjusted Indicators

There is a big difference between Financiere Stock performing well and Financiere Moncey 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 Financiere Moncey'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
MC	1.47	0.11	0.05	0.91	1.87	(1.47)	3.48	(3.56)	14.40
MTU	1.54	(0.12)	0.00	(0.25)	0.00	0.00	3.69	(2.64)	9.54
MEMS	3.25	0.21	0.05	(0.17)	3.30	(3.90)	7.60	(4.97)	23.47
MAAT	1.40	0.11	0.05	3.13	1.51	(1.78)	2.41	(3.23)	12.11
POXEL	3.66	(2.04)	0.00	(6.28)	0.00	0.00	5.26	(12.20)	30.73
ALTTU	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ERA	2.20	(0.26)	0.00	(7.94)	0.00	0.00	5.80	(4.46)	20.22
ALTBG	6.13	1.92	0.27	(7.94)	4.53	(10.35)	13.33	(8.33)	46.28
SRICD	0.15	0.01	(0.05)	0.46	0.04	(0.24)	0.32	(0.32)	0.85
AKW	1.39	(0.26)	0.00	1.67	0.00	0.00	2.56	(3.85)	12.06

Financiere Moncey Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Financiere Moncey stock to make a market-neutral strategy. Peer analysis of Financiere Moncey could also be used in its relative valuation, which is a method of valuing Financiere Moncey by comparing valuation metrics with similar companies.

LVMH Mot Hennessy Manitou BF SA Memscap Regpt Maat Pharma SA Poxel SA TaTaTu SpA Eramet SA Blockchain Group SA BNPP BONDSRI ETF Akwel SA American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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