Gestamp Automocion Correlations
| GEST Stock | EUR 2.72 0.03 1.09% |
The current 90-days correlation between Gestamp Automocion and CIE Automotive SA is 0.57 (i.e., Very weak diversification). The correlation of Gestamp Automocion 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.
Gestamp Automocion Correlation With Market
Good diversification
The correlation between Gestamp Automocion SA and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gestamp Automocion SA and DJI in the same portfolio, assuming nothing else is changed.
Gestamp |
The ability to find closely correlated positions to Gestamp Automocion could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gestamp Automocion 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 Gestamp Automocion - 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 Gestamp Automocion SA to buy it.
Moving together with Gestamp Stock
| 0.92 | SAN | Banco Santander | PairCorr |
| 0.68 | TEF | Telefonica | PairCorr |
| 0.74 | IBE | Iberdrola SA | PairCorr |
| 0.95 | BBVA | Banco Bilbao Vizcaya | PairCorr |
| 0.9 | CABK | Caixabank SA | PairCorr |
| 0.65 | AIR | Airbus Group SE | PairCorr |
| 0.69 | REP | Repsol | PairCorr |
Related Correlations Analysis
| 0.11 | 0.53 | -0.55 | 0.19 | CIE | ||
| 0.11 | 0.53 | 0.06 | -0.09 | ENC | ||
| 0.53 | 0.53 | -0.23 | -0.17 | DOM | ||
| -0.55 | 0.06 | -0.23 | -0.01 | VIS | ||
| 0.19 | -0.09 | -0.17 | -0.01 | LOG | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Gestamp Stock performing well and Gestamp Automocion 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 Gestamp Automocion'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CIE | 0.94 | (0.12) | 0.00 | (0.92) | 0.00 | 1.78 | 6.16 | |||
| ENC | 0.88 | 0.16 | 0.16 | 0.38 | 0.96 | 1.72 | 8.97 | |||
| DOM | 1.41 | 0.04 | 0.04 | 0.34 | 1.73 | 2.36 | 7.66 | |||
| VIS | 0.62 | 0.05 | 0.11 | 0.65 | 0.66 | 1.34 | 3.59 | |||
| LOG | 0.58 | 0.04 | 0.05 | 4.64 | 1.26 | 1.23 | 5.94 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Gestamp Automocion 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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Gestamp Automocion Corporate Management
Elected by the shareholders, the Gestamp Automocion's board of directors comprises two types of representatives: Gestamp Automocion inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Gestamp. The board's role is to monitor Gestamp Automocion's management team and ensure that shareholders' interests are well served. Gestamp Automocion'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, Gestamp Automocion's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Elena Blanchart | Non Member Vice-Secretary | Profile | |
| Fernando Mendizabal | General Manager of South Europe Division | Profile | |
| David Pascual | General Counsel | Profile | |
| Juan Izarzugaza | General Manager of the North America Division | Profile | |
| Manuel Riberas | General Manager of Human Resources | Profile | |
| Felipe Frutos | Director Fin | Profile |