Schweizer Electronic Correlations
| SCE Stock | EUR 2.68 0.14 4.96% |
The current 90-days correlation between Schweizer Electronic and CHINA HUARONG ENERHD 50 is 0.29 (i.e., Modest diversification). The correlation of Schweizer Electronic 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.
Schweizer Electronic Correlation With Market
Very good diversification
The correlation between Schweizer Electronic AG and DJI is -0.27 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Schweizer Electronic AG and DJI in the same portfolio, assuming nothing else is changed.
Schweizer |
The ability to find closely correlated positions to Schweizer Electronic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Schweizer Electronic 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 Schweizer Electronic - 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 Schweizer Electronic AG to buy it.
Moving together with Schweizer Stock
Moving against Schweizer Stock
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| 0.82 | 8II | PLAYTIKA HOLDING | PairCorr |
| 0.8 | TT1 | TTM Technologies | PairCorr |
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| 0.79 | SAP | SAP SE | PairCorr |
| 0.77 | UF0 | UDR Inc | PairCorr |
| 0.75 | JBL | Jabil Inc | PairCorr |
| 0.75 | BMU | Benchmark Electronics | PairCorr |
| 0.68 | BAC | Verizon Communications | PairCorr |
| 0.62 | E6Q | GOLD ROAD RES | PairCorr |
| 0.55 | E908 | Lyxor 1 | PairCorr |
| 0.51 | SLT | SCHALTBAU HOLDING | PairCorr |
| 0.44 | DBPE | Xtrackers LevDAX | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Schweizer Stock performing well and Schweizer Electronic 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 Schweizer Electronic'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BMU | 1.71 | 0.30 | 0.17 | 0.54 | 1.33 | 3.57 | 13.06 | |||
| 8SP | 2.07 | (0.04) | 0.00 | (1.30) | 0.00 | 3.36 | 20.22 | |||
| 2DG | 4.93 | (1.15) | 0.00 | (0.41) | 0.00 | 9.09 | 52.42 | |||
| NOH1 | 2.05 | 0.21 | 0.09 | 0.42 | 1.77 | 6.61 | 13.10 | |||
| RS6 | 1.32 | 0.26 | 0.13 | 1.55 | 1.15 | 2.94 | 13.65 | |||
| XYTA | 11.55 | 4.09 | 0.13 | (1.84) | 8.11 | 33.33 | 233.33 | |||
| 9K1 | 1.64 | (0.32) | 0.00 | 2.31 | 0.00 | 2.94 | 14.80 | |||
| 3RKU | 1.54 | 0.42 | 0.20 | 1.86 | 1.23 | 3.31 | 9.54 | |||
| VUSA | 0.54 | 0.13 | 0.13 | 0.25 | 0.47 | 1.19 | 6.02 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Schweizer Electronic 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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Schweizer Electronic Corporate Management
Elected by the shareholders, the Schweizer Electronic's board of directors comprises two types of representatives: Schweizer Electronic inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Schweizer. The board's role is to monitor Schweizer Electronic's management team and ensure that shareholders' interests are well served. Schweizer Electronic'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, Schweizer Electronic's outside directors are responsible for providing unbiased perspectives on the board's policies.
| NicolasFabian Schweizer | CEO Board | Profile | |
| Christian Rssle | VP EmbeddingSystems | Profile | |
| Martin Graf | Head Germany | Profile | |
| Angelika Schuler | Head Mang | Profile | |
| Dirk Rissel | G Counsel | Profile | |
| Marc Bunz | Deputy CFO | Profile | |
| Thomas Rall | Head Sales | Profile |