Ramsay Generale Correlations

GDS Stock

EUR 10.30 0.15 1.44%

The current 90-days correlation between Ramsay Generale De and Bonduelle SCA is 0.03 (i.e., Significant diversification). The correlation of Ramsay Generale 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.

Ramsay Generale Correlation With Market

Good diversification

The correlation between Ramsay Generale De and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ramsay Generale De and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Ramsay Stock

0.82	WAVE	Wavestone SA	Pair Corr
0.79	GLE	Societe Generale	Pair Corr
0.79	CS	AXA SA	Pair Corr
0.76	ACA	Credit Agricole SA	Pair Corr
0.75	BNP	BNP Paribas SA	Pair Corr
0.67	RNO	Renault SA	Pair Corr

Related Correlations Analysis

	BON	MMT	DEC	BEN	IPS
BON		0.71	0.47	0.61	-0.24	BON
MMT	0.71		0.66	0.76	-0.05	MMT
DEC	0.47	0.66		0.33	-0.2	DEC
BEN	0.61	0.76	0.33		0.18	BEN
IPS	-0.24	-0.05	-0.2	0.18		IPS
	BON	MMT	DEC	BEN	IPS

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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

BEN	+ 0.76	MMT
MMT	+ 0.71	BON
DEC	+ 0.66	MMT
BEN	+ 0.61	BON
DEC	+ 0.47	BON
BEN	+ 0.33	DEC

High negative correlations

IPS	- 0.24	BON
IPS	- 0.2	DEC
IPS	- 0.05	MMT

Risk-Adjusted Indicators

There is a big difference between Ramsay Stock performing well and Ramsay Generale 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 Ramsay Generale'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
BON	1.67	0.35	0.25	(0.53)	1.40	(1.94)	3.86	(2.70)	16.85
MMT	0.75	0.36	0.47	2.27	0.34	(0.99)	1.74	(1.14)	4.34
DEC	1.32	0.21	0.15	0.41	1.39	(1.45)	2.74	(2.32)	16.34
BEN	1.82	0.13	0.07	0.21	2.41	(2.19)	4.15	(3.07)	20.54
IPS	1.12	(0.02)	0.00	(0.09)	0.00	0.00	2.25	(2.31)	12.46

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ramsay Generale 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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Ramsay Generale Corporate Management

Elected by the shareholders, the Ramsay Generale's board of directors comprises two types of representatives: Ramsay Generale inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ramsay. The board's role is to monitor Ramsay Generale's management team and ensure that shareholders' interests are well served. Ramsay Generale'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, Ramsay Generale's outside directors are responsible for providing unbiased perspectives on the board's policies.

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