OSRAM LICHT Correlations
| OSR Stock | EUR 52.20 0.20 0.38% |
The current 90-days correlation between OSRAM LICHT N and Compugroup Medical SE is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as OSRAM LICHT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if OSRAM LICHT N moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
OSRAM LICHT Correlation With Market
Average diversification
The correlation between OSRAM LICHT N and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OSRAM LICHT N and DJI in the same portfolio, assuming nothing else is changed.
OSRAM |
The ability to find closely correlated positions to OSRAM LICHT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace OSRAM LICHT 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 OSRAM LICHT - 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 OSRAM LICHT N to buy it.
Moving together with OSRAM Stock
| 0.66 | ZEG | ASTRAZENECA | PairCorr |
| 0.68 | STD | STANDARD CHARTERED | PairCorr |
| 0.63 | BSX | BOSTON SCIENTIFIC | PairCorr |
| 0.75 | KGHA | KGHM Polska Miedz Earnings Call This Week | PairCorr |
| 0.7 | LL6 | MTN GROUP | PairCorr |
| 0.62 | 19YA | Yiren Digital | PairCorr |
Moving against OSRAM Stock
| 0.64 | PLUN | Plug Power | PairCorr |
| 0.56 | NVAW | Delta Electronics Public | PairCorr |
| 0.4 | VAR1 | Varta AG | PairCorr |
| 0.35 | 49V | VERTIV HOLCL A | PairCorr |
| 0.33 | WSU | WashTec AG Earnings Call This Week | PairCorr |
| 0.68 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.62 | J9I0 | 5E ADVANCED MATERIALS Split | PairCorr |
| 0.34 | 34T1 | Tiangong International Earnings Call This Week | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between OSRAM Stock performing well and OSRAM LICHT 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 OSRAM LICHT'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| M3V | 0.84 | 0.12 | 0.11 | 0.59 | 0.88 | 2.54 | 7.91 | |||
| JMD | 1.24 | (0.02) | 0.00 | (0.15) | 0.00 | 2.23 | 10.64 | |||
| CLM | 1.49 | (0.01) | 0.00 | (0.10) | 0.00 | 4.90 | 19.10 | |||
| COP | 0.68 | 0.05 | 0.15 | (2.45) | 0.71 | 1.68 | 4.46 | |||
| 5UM | 1.65 | 0.29 | 0.09 | 0.43 | 1.88 | 4.84 | 20.05 | |||
| CP2 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| M3P | 2.52 | 0.62 | 0.32 | 2.72 | 1.72 | 6.58 | 21.65 | |||
| JAN | 1.70 | 0.36 | 0.23 | (7.23) | 1.46 | 4.92 | 18.21 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in OSRAM LICHT 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?
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OSRAM LICHT Corporate Management
Elected by the shareholders, the OSRAM LICHT's board of directors comprises two types of representatives: OSRAM LICHT inside directors who are chosen from within the company, and outside directors, selected externally and held independent of OSRAM. The board's role is to monitor OSRAM LICHT's management team and ensure that shareholders' interests are well served. OSRAM LICHT'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, OSRAM LICHT's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Wilhelm Nehring | Global Systems | Profile | |
| Julia Klostermann | Head Relations | Profile | |
| FrancoisXavier Gerard | Sr Controller | Profile | |
| Babette Frohlich | Member Officer | Profile | |
| Ingo Bank | Chairman CEO | Profile |