Omnicom Correlations

OCN Stock

EUR 79.66 1.22 1.51%

The current 90-days correlation between Omnicom Group and Talanx AG is 0.06 (i.e., Significant diversification). The correlation of Omnicom 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.

Omnicom Correlation With Market

Average diversification

The correlation between Omnicom Group and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Omnicom Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Omnicom Stock

0.75	A2P	COPLAND ROAD CAPITAL	Pair Corr
0.75	BSI	BE Semiconductor Ind	Pair Corr
0.72	ICK	Industrial and Commercial	Pair Corr
0.68	C6T	China Construction Bank	Pair Corr
0.58	DBPE	Xtrackers LevDAX	Pair Corr
0.57	AIRA	Airbus SE	Pair Corr
0.5	NVPJ	TMBThanachart Bank Public Earnings Call This Week	Pair Corr
0.47	CL2	CyberAgent	Pair Corr
0.37	E908	Lyxor 1	Pair Corr

Related Correlations Analysis

	CL2	8SP	6NM	2DG	TLX	TM9	INVN	IUI1	NOH1	TAX
CL2		-0.1	0.08	-0.29	0.83	-0.64	0.73	0.45	-0.35	0.81	CL2
8SP	-0.1		0.59	0.5	-0.23	0.51	-0.37	-0.67	0.15	-0.02	8SP
6NM	0.08	0.59		0.03	0.03	0.24	0.04	-0.24	0.38	0.08	6NM
2DG	-0.29	0.5	0.03		-0.62	0.43	-0.72	-0.83	-0.17	-0.23	2DG
TLX	0.83	-0.23	0.03	-0.62		-0.65	0.83	0.71	-0.26	0.77	TLX
TM9	-0.64	0.51	0.24	0.43	-0.65		-0.6	-0.66	0.54	-0.56	TM9
INVN	0.73	-0.37	0.04	-0.72	0.83	-0.6		0.79	-0.05	0.55	INVN
IUI1	0.45	-0.67	-0.24	-0.83	0.71	-0.66	0.79		-0.12	0.38	IUI1
NOH1	-0.35	0.15	0.38	-0.17	-0.26	0.54	-0.05	-0.12		-0.52	NOH1
TAX	0.81	-0.02	0.08	-0.23	0.77	-0.56	0.55	0.38	-0.52		TAX
	CL2	8SP	6NM	2DG	TLX	TM9	INVN	IUI1	NOH1	TAX

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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

TLX	+ 0.83	CL2
INVN	+ 0.83	TLX
TAX	+ 0.81	CL2
IUI1	+ 0.79	INVN
TAX	+ 0.77	TLX
INVN	+ 0.73	CL2

High negative correlations

IUI1	- 0.83	2DG
INVN	- 0.72	2DG
IUI1	- 0.67	8SP
IUI1	- 0.66	TM9
TM9	- 0.65	TLX
TM9	- 0.64	CL2

Risk-Adjusted Indicators

There is a big difference between Omnicom Stock performing well and Omnicom 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 Omnicom'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
CL2	1.42	0.12	0.04	(0.43)	1.82	(1.69)	3.23	(3.15)	9.63
8SP	2.10	(0.14)	0.00	0.25	0.00	0.00	3.17	(4.56)	20.22
6NM	1.29	(0.09)	0.00	0.59	0.00	0.00	2.89	(4.32)	9.64
2DG	5.99	(0.01)	0.00	0.00	8.15	(9.89)	13.64	(10.53)	52.42
TLX	1.07	0.21	0.14	(1.08)	1.10	(1.12)	2.67	(1.85)	7.58
TM9	2.81	(0.16)	0.00	(2.05)	0.00	0.00	7.26	(6.43)	30.27
INVN	2.26	0.21	0.07	(3.24)	2.52	(2.54)	5.45	(4.00)	14.01
IUI1	1.23	0.27	0.19	1.33	1.05	(1.39)	3.28	(1.96)	10.73
NOH1	1.67	(0.14)	0.00	(6.40)	0.00	0.00	3.86	(3.25)	13.52
TAX	1.10	0.06	0.02	(3.03)	1.33	(1.58)	2.78	(2.11)	10.78

Be your own money manager

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

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

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