Sacyr SA Correlations
| SCYR Stock | EUR 3.32 0.06 1.84% |
The current 90-days correlation between Sacyr SA and Acerinox is 0.38 (i.e., Weak diversification). The correlation of Sacyr SA 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.
Sacyr SA Correlation With Market
Weak diversification
The correlation between Sacyr SA and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sacyr SA and DJI in the same portfolio, assuming nothing else is changed.
Sacyr |
The ability to find closely correlated positions to Sacyr SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sacyr SA 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 Sacyr SA - 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 Sacyr SA to buy it.
Moving together with Sacyr Stock
| 0.62 | BKY | Berkeley Energia | PairCorr |
| 0.77 | YADR | Adriano Care SOCIMI | PairCorr |
| 0.8 | YATO | Atom Hoteles Socimi | PairCorr |
| 0.79 | ALB | Corporacion Financiera | PairCorr |
| 0.86 | PHM | Pharma Mar SA | PairCorr |
| 0.71 | MCM | Miquel y Costas | PairCorr |
| 0.76 | CAF | Construcciones y Auxiliar | PairCorr |
| 0.75 | YAI1 | All Iron Re | PairCorr |
| 0.66 | ELZ | Asturiana de Laminados | PairCorr |
| 0.71 | BST | Biotechnology Assets | PairCorr |
| 0.77 | NTGY | Naturgy Energy Group | PairCorr |
| 0.82 | ALNT | Alantra Partners Earnings Call Today | PairCorr |
| 0.78 | EBRO | Ebro Foods | PairCorr |
| 0.72 | APAM | Aperam SA | PairCorr |
| 0.77 | YTAN | Tander Inversiones SOCIMI | PairCorr |
| 0.77 | MAP | Mapfre | PairCorr |
| 0.84 | FCC | Fomento de Construcciones | PairCorr |
| 0.73 | VYT | Vytrus Biotech SA | PairCorr |
| 0.79 | CABK | Caixabank SA | PairCorr |
| 0.86 | TRE | Tecnicas Reunidas | PairCorr |
| 0.76 | ENC | ENCE Energa y | PairCorr |
| 0.67 | GRE | Grenergy Renovables | PairCorr |
| 0.66 | EIDF | Energa Innovacin y | PairCorr |
| 0.65 | ISUR | Inmobiliaria del Sur | PairCorr |
Moving against Sacyr Stock
| 0.79 | YEIS | Elaia Investment Spain | PairCorr |
| 0.69 | DOMO | Domo Activos Socimi | PairCorr |
| 0.53 | ARM | Arima Real Estate | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Sacyr Stock performing well and Sacyr SA 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 Sacyr SA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MTS | 1.97 | 0.42 | 0.21 | 0.48 | 1.82 | 5.05 | 18.39 | |||
| ACX | 1.20 | 0.28 | 0.19 | 0.57 | 1.48 | 2.90 | 9.43 | |||
| FCC | 0.97 | 0.20 | 0.18 | 0.59 | 1.24 | 1.78 | 9.80 | |||
| ACS | 1.12 | 0.27 | 0.22 | 0.43 | 1.22 | 1.74 | 9.17 | |||
| FER | 0.92 | 0.02 | 0.00 | (0.04) | 0.00 | 1.41 | 5.37 |
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Our tools can tell you how much better you can do entering a position in Sacyr SA 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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Sacyr SA Corporate Management
Elected by the shareholders, the Sacyr SA's board of directors comprises two types of representatives: Sacyr SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sacyr. The board's role is to monitor Sacyr SA's management team and ensure that shareholders' interests are well served. Sacyr SA'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, Sacyr SA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Patricia Inigo | Gen Management | Profile | |
| Carlos Gorozarri | Chief Officer | Profile | |
| Jos Fernndez | Gen Operations | Profile | |
| Mara Muoz | Head MA | Profile |