Thales SA Correlations
| HO Stock | EUR 252.40 4.00 1.61% |
The current 90-days correlation between Thales SA and Safran SA is 0.48 (i.e., Very weak diversification). The correlation of Thales SA 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.
Thales SA Correlation With Market
Good diversification
The correlation between Thales SA and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thales SA and DJI in the same portfolio, assuming nothing else is changed.
Thales |
The ability to find closely correlated positions to Thales SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thales SA 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 Thales SA - 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 Thales SA to buy it.
Moving together with Thales Stock
| 0.61 | AIR | Airbus Group SE | PairCorr |
| 0.76 | SAF | Safran SA | PairCorr |
| 0.66 | AM | Dassault Aviation | PairCorr |
| 0.64 | FII | Lisi SA | PairCorr |
| 0.97 | EXA | Exail Technologies Earnings Call This Week | PairCorr |
| 0.65 | OR | LOreal SA | PairCorr |
| 0.82 | SAN | Sanofi SA | PairCorr |
| 0.83 | CS | AXA SA | PairCorr |
| 0.76 | ETL | Eutelsat Communications | PairCorr |
| 0.81 | PWG | Prodways Group SA | PairCorr |
| 0.61 | CARM | Carmila SA | PairCorr |
| 0.71 | ALMOU | Moulinvest | PairCorr |
| 0.9 | ALDBT | DBT SA | PairCorr |
| 0.82 | NRO | Neurones | PairCorr |
| 0.88 | ALBPK | Broadpeak SA | PairCorr |
| 0.77 | BEN | Bnteau SA | PairCorr |
| 0.75 | ALPDX | Piscines Desjoyaux | PairCorr |
| 0.74 | ML | Compagnie Generale des | PairCorr |
| 0.8 | BALYO | Balyo SA Earnings Call Today | PairCorr |
| 0.65 | IVA | Inventiva SA Earnings Call This Week | PairCorr |
Moving against Thales Stock
| 0.53 | MAU | Etablissements Maurel | PairCorr |
| 0.41 | CDI | Christian Dior SE | PairCorr |
| 0.59 | AAA | Alan Allman Associates | PairCorr |
| 0.42 | MLCLP | Colipays Reunion | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Thales Stock performing well and Thales SA 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 Thales SA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SAF | 1.03 | 0.34 | 0.27 | 0.62 | 1.10 | 2.42 | 8.06 | |||
| DSY | 1.22 | 0.28 | 0.29 | 1.21 | 0.97 | 3.16 | 12.16 | |||
| AM | 1.45 | 0.76 | 0.62 | (10.59) | 0.51 | 4.94 | 18.14 | |||
| DG | 0.83 | 0.33 | 0.44 | 1.39 | 0.60 | 1.53 | 6.61 | |||
| SGO | 1.38 | 0.38 | 0.17 | 0.31 | 1.67 | 2.86 | 14.32 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Thales SA 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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Thales SA Corporate Management
Elected by the shareholders, the Thales SA's board of directors comprises two types of representatives: Thales SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Thales. The board's role is to monitor Thales SA's management team and ensure that shareholders' interests are well served. Thales SA'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, Thales SA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Bertrand Delcaire | Head VP | Profile | |
| Isabelle Simon | Group VP | Profile | |
| Pierre Schaeffer | Chief VP | Profile | |
| Clement Villepin | Sr HR | Profile | |
| JeanClaude Climeau | Head VP | Profile | |
| Pascal Bouchiat | Sr CFO | Profile | |
| Patrice Caine | Chairman CEO | Profile |