Fresenius Correlations

FSNUF Stock

USD 41.01 0.00 0.00%

The current 90-days correlation between Fresenius SE and DaVita HealthCare Partners is -0.02 (i.e., Good diversification). The correlation of Fresenius 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.

Fresenius Correlation With Market

Modest diversification

The correlation between Fresenius SE Co and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fresenius SE Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Fresenius Pink Sheet

0.89	FSNUY	Fresenius SE	Pair Corr
0.77	CICHF	China Construction Bank Earnings Call This Week	Pair Corr
0.84	NVRO	Nevro Corp	Pair Corr
0.67	GE	GE Aerospace	Pair Corr
0.93	JNJ	Johnson Johnson	Pair Corr
0.69	MMM	3M Company	Pair Corr
0.79	TRV	The Travelers Companies	Pair Corr
0.66	PG	Procter Gamble	Pair Corr
0.77	MCD	McDonalds	Pair Corr

Moving against Fresenius Pink Sheet

0.69	PBCRF	PT Bank Central	Pair Corr
0.33	DVA	DaVita HealthCare	Pair Corr
0.65	CAT	Caterpillar	Pair Corr
0.59	AXP	American Express Sell-off Trend	Pair Corr
0.58	HPQ	HP Inc	Pair Corr
0.54	BAC	Bank of America Sell-off Trend	Pair Corr
0.52	HD	Home Depot	Pair Corr
0.39	BA	Boeing	Pair Corr

Related Correlations Analysis

	MFCSF	LWSCF	RHE	WHTCF	AMN	AGL	ACHC	AMED	MODV	ADUS
MFCSF		-0.22	0.25	-0.46	0.13	0.52	-0.1	0.35	-0.51	-0.43	MFCSF
LWSCF	-0.22		0.07	0.23	-0.57	-0.48	-0.3	-0.78	0.55	-0.01	LWSCF
RHE	0.25	0.07		-0.65	0.11	0.48	-0.72	0.08	-0.44	-0.72	RHE
WHTCF	-0.46	0.23	-0.65		-0.11	-0.81	0.7	-0.55	0.84	0.88	WHTCF
AMN	0.13	-0.57	0.11	-0.11		0.29	0.31	0.38	-0.24	0.07	AMN
AGL	0.52	-0.48	0.48	-0.81	0.29		-0.32	0.69	-0.88	-0.63	AGL
ACHC	-0.1	-0.3	-0.72	0.7	0.31	-0.32		-0.01	0.37	0.8	ACHC
AMED	0.35	-0.78	0.08	-0.55	0.38	0.69	-0.01		-0.74	-0.38	AMED
MODV	-0.51	0.55	-0.44	0.84	-0.24	-0.88	0.37	-0.74		0.62	MODV
ADUS	-0.43	-0.01	-0.72	0.88	0.07	-0.63	0.8	-0.38	0.62		ADUS
	MFCSF	LWSCF	RHE	WHTCF	AMN	AGL	ACHC	AMED	MODV	ADUS

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

ADUS	+ 0.88	WHTCF
MODV	+ 0.84	WHTCF
ADUS	+ 0.8	ACHC
ACHC	+ 0.7	WHTCF
AMED	+ 0.69	AGL
ADUS	+ 0.62	MODV

High negative correlations

MODV	- 0.88	AGL
AGL	- 0.81	WHTCF
AMED	- 0.78	LWSCF
MODV	- 0.74	AMED
ADUS	- 0.72	RHE
ACHC	- 0.72	RHE

Risk-Adjusted Indicators

There is a big difference between Fresenius Pink Sheet performing well and Fresenius 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 Fresenius' 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
MFCSF	1.25	0.04	0.04	0.02	1.95	(1.81)	3.58	(2.04)	16.54
LWSCF	1.12	(0.13)	0.00	0.19	0.00	0.00	2.77	(3.34)	10.94
RHE	7.01	1.10	0.15	(0.33)	7.27	(8.59)	12.14	(16.25)	159.73
WHTCF	1.87	(0.30)	0.00	(0.35)	0.00	0.00	3.68	(5.56)	13.91
AMN	2.31	(0.14)	0.00	4.36	0.00	0.00	4.62	(4.70)	16.43
AGL	3.67	1.39	0.33	1.44	3.53	(4.26)	10.96	(6.87)	25.96
ACHC	2.06	(0.43)	0.00	11.78	0.00	0.00	4.10	(3.00)	34.24
AMED	0.36	0.12	0.34	2.51	0.20	(0.40)	0.82	(0.52)	6.31
MODV	7.27	(2.35)	0.00	(1.23)	0.00	0.00	13.42	(16.45)	60.89
ADUS	1.47	(0.39)	0.00	(0.81)	0.00	0.00	2.46	(3.22)	14.72

Be your own money manager

Our tools can tell you how much better you can do entering a position in Fresenius 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 Stock Tickers Now

Stock Tickers

Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites

All Next

Launch Module

Fresenius Corporate Management

Michael Sen	Pres CEO	Profile
Sara Hennicken	Chief Officer	Profile
Helen Giza	Member SE	Profile
Sebastian Biedenkopf	HR, Officer	Profile
Matthias Link	Sr Communications	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC