Ontex Group Correlations

ONXXF Stock

USD 8.93 0.00 0.00%

The current 90-days correlation between Ontex Group NV and Valneva SE ADR is 0.03 (i.e., Significant diversification). The correlation of Ontex Group 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.

Ontex Group Correlation With Market

Good diversification

The correlation between Ontex Group NV and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ontex Group NV and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Ontex Pink Sheet

0.85	WMT	Walmart	Pair Corr
0.8	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.78	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.65	MSFT	Microsoft	Pair Corr
0.63	PG	Procter Gamble	Pair Corr
0.63	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.51	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.45	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.43	GOOGL	Alphabet Class A Aggressive Push	Pair Corr

Related Correlations Analysis

	VALN	WDC	NTGR	SKIN	SKX	GROV	BNTX	CRKT
VALN		0.03	-0.84	0.51	-0.5	-0.65	-0.08	0.43	VALN
WDC	0.03		-0.33	-0.09	-0.01	0.28	0.31	-0.23	WDC
NTGR	-0.84	-0.33		-0.25	0.39	0.52	-0.17	-0.36	NTGR
SKIN	0.51	-0.09	-0.25		-0.47	-0.2	-0.37	-0.04	SKIN
SKX	-0.5	-0.01	0.39	-0.47		0.42	0.65	0.16	SKX
GROV	-0.65	0.28	0.52	-0.2	0.42		0.13	-0.33	GROV
BNTX	-0.08	0.31	-0.17	-0.37	0.65	0.13		0.4	BNTX
CRKT	0.43	-0.23	-0.36	-0.04	0.16	-0.33	0.4		CRKT
	VALN	WDC	NTGR	SKIN	SKX	GROV	BNTX	CRKT

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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

BNTX	+ 0.65	SKX
GROV	+ 0.52	NTGR
SKIN	+ 0.51	VALN
CRKT	+ 0.43	VALN
GROV	+ 0.42	SKX
CRKT	+ 0.4	BNTX

High negative correlations

NTGR	- 0.84	VALN
GROV	- 0.65	VALN
SKX	- 0.5	VALN
SKX	- 0.47	SKIN
BNTX	- 0.37	SKIN
CRKT	- 0.36	NTGR

Risk-Adjusted Indicators

There is a big difference between Ontex Pink Sheet performing well and Ontex Group 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 Ontex Group'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
VALN	2.61	(0.28)	0.00	(11.61)	0.00	0.00	4.80	(6.16)	25.53
WDC	1.72	(0.05)	0.00	(0.15)	0.00	0.00	4.52	(3.20)	11.34
NTGR	1.89	0.51	0.25	1.59	1.62	(2.25)	4.83	(3.07)	11.27
SKIN	3.24	0.34	0.06	(0.34)	4.95	(3.32)	7.27	(8.02)	26.58
SKX	1.47	0.06	0.02	0.76	1.80	(1.53)	3.29	(3.27)	9.16
GROV	2.48	0.20	0.07	0.25	2.82	(3.25)	5.43	(3.68)	21.62
BNTX	1.94	(0.03)	0.00	(0.09)	0.00	0.00	4.53	(4.00)	11.96
CRKT	1.20	0.21	0.00	0.63	0.00	0.00	0.00	0.00	45.00

Be your own money manager

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

Laurent Nielly	Pres Division	Profile
Stephanie McDonald	Chief Officer	Profile
Gaelle Vilatte	Head Communications	Profile
Axel Lobel	Ex Operations	Profile
Philip Ludwig	Head Communications	Profile

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