SCOR SE Correlations

SDRC Stock  EUR 23.10  0.24  1.05%   
The current 90-days correlation between SCOR SE and HANNRUECKVSE ADR 12ON is -0.03 (i.e., Good diversification). The correlation of SCOR SE 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.

SCOR SE Correlation With Market

Significant diversification

The correlation between SCOR SE and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SCOR SE and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to SCOR SE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SCOR SE 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 SCOR SE - 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 SCOR SE to buy it.

Moving together with SCOR Stock

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  0.82BKJ Brinker InternationalPairCorr
  0.7NU42 Ribbon CommunicationsPairCorr
  0.83G8L GREENLIGHT CAP REPairCorr
  0.868CF CLOUDFLARE INC APairCorr

Moving against SCOR Stock

  0.8ROM ROHMPairCorr
  0.670JM PT Jasa MargaPairCorr
  0.55TCID Telkom Indonesia TbkPairCorr
  0.4465C COFACE SAPairCorr
  0.37BRH Berkshire HathawayPairCorr
  0.32IDO1 PT Indosat Tbk SplitPairCorr
  0.51CHK China Resources BeerPairCorr

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   
SDRCSR9A
HNRBMUVB
RRJERE
SDRCRGPB
RRJRGPB
RGPBSR9A
  
High negative correlations   
65CSR9A
65CSDRC
65CMUVB
RGPBHNRB
65CRGPB
65CRRJ

Risk-Adjusted Indicators

There is a big difference between SCOR Stock performing well and SCOR SE 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 SCOR SE'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 SCOR SE 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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SCOR SE Corporate Management

Elected by the shareholders, the SCOR SE's board of directors comprises two types of representatives: SCOR SE inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SCOR. The board's role is to monitor SCOR SE's management team and ensure that shareholders' interests are well served. SCOR SE'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, SCOR SE's outside directors are responsible for providing unbiased perspectives on the board's policies.