Izertis Sa Correlations

IZER Stock  EUR 9.18  0.02  0.22%   
The current 90-days correlation between Izertis Sa and Parlem Telecom Companyia is -0.03 (i.e., Good diversification). The correlation of Izertis 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.

Izertis Sa Correlation With Market

Good diversification

The correlation between Izertis Sa and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Izertis Sa and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Izertis 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 Izertis 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 Izertis 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 Izertis Sa to buy it.

Moving against Izertis Stock

  0.92SAN Banco SantanderPairCorr
  0.92BBVA Banco Bilbao VizcayaPairCorr
  0.88TEF TelefonicaPairCorr
  0.79IDR Indra APairCorr
  0.73SQRL Squirrel Media SAPairCorr
  0.73IBE Iberdrola SAPairCorr
  0.71AMP Amper SAPairCorr
  0.62AIR Airbus Group SEPairCorr
  0.61ALC Altia ConsultoresPairCorr
  0.56XVALO Vale SAPairCorr
  0.52AMS Amadeus IT GroupPairCorr
  0.9MTS ArcelorMittal SAPairCorr
  0.88ORY Oryzon Genomics SAPairCorr
  0.84YVIT Vitruvio Real EstatePairCorr
  0.74ENG Enags SAPairCorr
  0.72CABK Caixabank SAPairCorr
  0.69ACS ACS Actividades dePairCorr
  0.69TRG Tubos Reunidos SAPairCorr
  0.52MAP MapfrePairCorr
  0.41ISUR Inmobiliaria del SurPairCorr
  0.38ENC ENCE Energa yPairCorr
  0.36RBT Robot SAPairCorr
  0.36MTB Montebalito SAPairCorr
  0.86NTGY Naturgy Energy GroupPairCorr
  0.86NEA Nicolas Correa SAPairCorr
  0.8ACX AcerinoxPairCorr
  0.78ANA AccionaPairCorr
  0.73PHM Pharma Mar SAPairCorr
  0.69PRM Prim SAPairCorr
  0.63EIDF Energa Innovacin yPairCorr
  0.63MCM Miquel y CostasPairCorr

Related Correlations Analysis

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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   
YAI1CABK
CABKBST
YAI1BST
ARTPAR
CABKYARP
YEISPAR
  
High negative correlations   
YEISCABK
YAI1YEIS
YEISBST
YAI1PAR
CABKPAR
PARBST

Risk-Adjusted Indicators

There is a big difference between Izertis Stock performing well and Izertis 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 Izertis 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Izertis 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.

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Izertis Sa Corporate Management

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