Compagnie Correlations

Stocks . France . 
Stock . Compagnie de lOdet
ODET Stock  EUR 1,514  4.00  0.26%   
The current 90-days correlation between Compagnie de lOdet and Bollore SA is 0.57 (i.e., Very weak diversification). The correlation of Compagnie 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.

Compagnie Correlation With Market

Good diversification

The correlation between Compagnie de lOdet and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Compagnie de lOdet and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Compagnie could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Compagnie 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 Compagnie - 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 Compagnie de lOdet to buy it.

Moving against Compagnie Stock

  0.6EL EssilorLuxottica SPairCorr
  0.55FII Lisi SA Earnings Call This WeekPairCorr
  0.48ATE Alten SA Earnings Call TomorrowPairCorr
  0.48PARRO ParrotPairCorr
  0.45AREIT Altareit Earnings Call Next WeekPairCorr
  0.45ALGBE Glob BioenergiPairCorr
  0.45HO Thales SAPairCorr
  0.42ARTO Artois NomPairCorr
  0.42ALIDS Idsud SAPairCorr
  0.42TEP Teleperformance SEPairCorr
  0.4ALSPW SpinewayPairCorr
  0.38IDIP IDI SCAPairCorr
  0.37FPG Union TechnologiesPairCorr
  0.36CBDG Compagnie du CambodgePairCorr
  0.35LR Legrand SAPairCorr
  0.32CROS CrosswoodPairCorr
  0.72CBOT CBO Territoria SAPairCorr
  0.7ALDOL Dolfines SASPairCorr
  0.58ALGTR Groupe Tera SAPairCorr
  0.58TKO Tikehau CapitalPairCorr
  0.57AMPLI Amplitude Surgical SASPairCorr
  0.54ALLLN LleidaNetworks ServeisPairCorr
  0.51CS AXA SAPairCorr
  0.5MTU Manitou BF SAPairCorr
  0.5AI Air Liquide SA Earnings Call This WeekPairCorr
  0.45MMT Mtropole TlvisionPairCorr
  0.45ALLIX Wallix Group SAPairCorr
  0.44ALLGO Largo SASPairCorr
  0.42CAP Capgemini SE Earnings Call TomorrowPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
RF
+ 0.64
MF
BUR
+ 0.51
RBT
RBT
+ 0.04
BOL
MF
+ 0.0
BOL
  
High negative correlations   
RF
- 0.67
RBT
RBT
- 0.51
MF
RF
- 0.4
BOL
BUR
- 0.17
BOL
BUR
- 0.06
RF
BUR
- 0.01
MF

Risk-Adjusted Indicators

There is a big difference between Compagnie Stock performing well and Compagnie 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 Compagnie'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 Compagnie 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 FinTech Suite Now

   

FinTech Suite

Use AI to screen and filter profitable investment opportunities
All  Next Launch Module

Compagnie Corporate Management

Elected by the shareholders, the Compagnie's board of directors comprises two types of representatives: Compagnie inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Compagnie. The board's role is to monitor Compagnie's management team and ensure that shareholders' interests are well served. Compagnie'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, Compagnie's outside directors are responsible for providing unbiased perspectives on the board's policies.
Vincent BolloreCEO ChairmanProfile
Xavier RoyInvestor DirectorProfile
Cdric BailliencourtCFO, ViceChairmanProfile
Sebastien BolloreDeputy DirectorProfile
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