Safran SA Correlations

Stocks . Germany . 
Stock . Safran SA
SEJ1 Stock  EUR 251.00  1.70  0.68%   
The current 90-days correlation between Safran SA and Insurance Australia Group is 0.06 (i.e., Significant diversification). The correlation of Safran 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.

Safran SA Correlation With Market

Good diversification

The correlation between Safran SA and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Safran SA and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Safran 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 Safran 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 Safran 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 Safran SA to buy it.

Moving together with Safran Stock

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  0.73AS7 ANTA Sports ProductsPairCorr
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  0.8IBM International BusinessPairCorr
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  0.7KGHA KGHM Polska MiedzPairCorr
  0.74OVI Olvi OyjPairCorr
  0.858QM APATOR B ZYPairCorr
  0.67PRU Prudential plcPairCorr
  0.92PJFB PICO FAR EASTPairCorr
  0.9DTE Deutsche TelekomPairCorr

Moving against Safran Stock

  0.77LOM Lockheed MartinPairCorr
  0.77LOM Lockheed MartinPairCorr
  0.71PQ9 PT Bank MandiriPairCorr
  0.65GDX General DynamicsPairCorr
  0.65PQ9 BANK MANDIRIPairCorr
  0.61PQ9 BANK MANDIRIPairCorr
  0.6BYRA BANK RAKYAT INDPairCorr
  0.58PQ9 BANK MANDIRIPairCorr
  0.39BYRA PT Bank RakyatPairCorr
  0.86BZG2 BANK CENTRAL ASIAPairCorr
  0.8BZG2 BANK CENTRAL ASIAPairCorr
  0.33HUN2 Beijing Enterprises WaterPairCorr

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   
WSV2
+ 0.82
HEI
WSV2
+ 0.64
QBE
WSV2
+ 0.58
D1LN
HEI
+ 0.56
QBE
HEI
+ 0.55
D1LN
GTR
+ 0.54
E5M
  
High negative correlations   
E5M
- 0.75
D1LN
WSV2
- 0.71
E5M
HEI
- 0.5
E5M
GTR
- 0.41
D1LN
WSV2
- 0.39
NRM
GTR
- 0.3
HEI

Risk-Adjusted Indicators

There is a big difference between Safran Stock performing well and Safran 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 Safran 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Safran 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.

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Safran SA Corporate Management

Elected by the shareholders, the Safran SA's board of directors comprises two types of representatives: Safran SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Safran. The board's role is to monitor Safran SA's management team and ensure that shareholders' interests are well served. Safran 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, Safran SA's outside directors are responsible for providing unbiased perspectives on the board's policies.
Frdric VergerChief VPProfile
Stephane CueilleChief PowerProfile
Stphane DuboisExec ResponsibilityProfile
Coralie BouscasseGroup CounselProfile
Olivier AndriesCEO DirectorProfile
Eric DalbiesEx InnovationProfile
Pascal BantegnieCFO TreasurerProfile
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