Galenica Sante Correlations
| GALE Stock | CHF 82.15 0.45 0.54% |
The current 90-days correlation between Galenica Sante AG and VAT Group AG is -0.04 (i.e., Good diversification). The correlation of Galenica Sante 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.
Galenica Sante Correlation With Market
Significant diversification
The correlation between Galenica Sante AG and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Galenica Sante AG and DJI in the same portfolio, assuming nothing else is changed.
Galenica |
The ability to find closely correlated positions to Galenica Sante could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Galenica Sante 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 Galenica Sante - 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 Galenica Sante AG to buy it.
Moving together with Galenica Stock
| 0.8 | BION | BB Biotech AG | PairCorr |
| 0.76 | HBMN | HBM Healthcare Inves | PairCorr |
| 0.82 | EVE | Evolva Holding SA | PairCorr |
| 0.92 | LOGN | Logitech International | PairCorr |
Moving against Galenica Stock
| 0.8 | XLS | Xlife Sciences AG | PairCorr |
| 0.73 | RLF | Relief Therapeutics | PairCorr |
| 0.59 | IDIA | Idorsia | PairCorr |
| 0.39 | MOLN | Molecular Partners | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Galenica Stock performing well and Galenica Sante 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 Galenica Sante'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VACN | 1.48 | 0.04 | 0.01 | (0.17) | 2.44 | 2.80 | 10.78 | |||
| BALN | 0.52 | 0.04 | 0.07 | 0.32 | 0.46 | 1.65 | 3.21 | |||
| SLHN | 0.63 | 0.10 | 0.09 | 0.65 | 0.94 | 1.19 | 5.57 | |||
| HELN | 0.63 | 0.10 | 0.10 | 0.40 | 0.80 | 1.65 | 3.83 | |||
| CMBN | 0.70 | 0.26 | 0.25 | (1.80) | 0.66 | 1.89 | 5.66 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Galenica Sante 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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Galenica Sante Corporate Management
Elected by the shareholders, the Galenica Sante's board of directors comprises two types of representatives: Galenica Sante inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Galenica. The board's role is to monitor Galenica Sante's management team and ensure that shareholders' interests are well served. Galenica Sante'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, Galenica Sante's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jrg Kneubhler | Advisor | Profile | |
| Marianne Ellenberger | Head HR | Profile | |
| Virginie Jeschka | Chief Officer | Profile | |
| Thomas Szuran | Chief Officer | Profile | |
| Daniele Madonna | Chief Officer | Profile | |
| Barbara Walchli | Gen Sec | Profile | |
| Christina Hertig | Head Communications | Profile |