Infineon Technologies Correlations

Stocks . Germany . 
Stock . Infineon Technologies AG
IFX Stock  EUR 32.97  0.13  0.39%   
The current 90-days correlation between Infineon Technologies and Apple Inc is 0.23 (i.e., Modest diversification). The correlation of Infineon Technologies 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.

Infineon Technologies Correlation With Market

Average diversification

The correlation between Infineon Technologies AG and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Infineon Technologies AG and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Infineon Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Infineon Technologies 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 Infineon Technologies - 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 Infineon Technologies AG to buy it.

Moving together with Infineon Stock

  0.64APC Apple IncPairCorr
  0.64APC Apple IncPairCorr
  0.64APC Apple IncPairCorr
  0.64APC Apple IncPairCorr
  0.65MSF MicrosoftPairCorr
  0.66MSF MicrosoftPairCorr
  0.66MSF MicrosoftPairCorr
  0.65MSF MicrosoftPairCorr
  0.65MSF MicrosoftPairCorr
  0.61SUMB SUMITOMO P SPPairCorr
  0.82E908 Lyxor 1PairCorr
  0.78DBPE Xtrackers LevDAXPairCorr

Moving against Infineon Stock

  0.81DBPD Xtrackers ShortDAXPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Infineon Stock performing well and Infineon Technologies 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 Infineon Technologies' 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Infineon Technologies 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 Money Managers Now

   

Money Managers

Screen money managers from public funds and ETFs managed around the world
All  Next Launch Module
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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY