Sixt SE Correlations

SIX2 Stock

83.10 0.45 0.54%

The current 90-days correlation between Sixt SE and Transport International Holdings is -0.08 (i.e., Good diversification). The correlation of Sixt 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.

Sixt SE Correlation With Market

Weak diversification

The correlation between Sixt SE and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sixt SE and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Sixt 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 Sixt 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 Sixt 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 Sixt SE to buy it.

Moving together with Sixt Stock

0.64	3AL	ALD SA	Pair Corr
0.88	SIX3	Sixt SE Earnings Call This Week	Pair Corr
0.85	SIX3	Sixt SE Earnings Call This Week	Pair Corr
0.69	AG1	AUTO1 Group SE	Pair Corr
0.64	STD	STANDARD CHARTERED	Pair Corr

Moving against Sixt Stock

0.59	DBPD	Xtrackers ShortDAX	Pair Corr
0.54	UR3	United Rentals	Pair Corr
0.51	0LC	Ashtead Group plc	Pair Corr
0.51	03F	IDP EDUCATION LTD	Pair Corr
0.46	CUCA	Avis Budget Group	Pair Corr
0.38	WS11	WillScot Mobile Mini	Pair Corr
0.33	AUK	AMERCO	Pair Corr
0.32	61F	ELEMENT FLEET MGMT	Pair Corr

Related Correlations Analysis

	KWO	GU0	OD7B	1NX	SCG	MMX	AP2	VMC
KWO		0.0	-0.34	-0.22	-0.01	0.17	0.07	0.14	KWO
GU0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	GU0
OD7B	-0.34	0.0		0.72	-0.06	-0.35	-0.17	-0.22	OD7B
1NX	-0.22	0.0	0.72		-0.3	-0.71	-0.4	-0.61	1NX
SCG	-0.01	0.0	-0.06	-0.3		0.21	-0.02	0.15	SCG
MMX	0.17	0.0	-0.35	-0.71	0.21		0.81	0.97	MMX
AP2	0.07	0.0	-0.17	-0.4	-0.02	0.81		0.83	AP2
VMC	0.14	0.0	-0.22	-0.61	0.15	0.97	0.83		VMC
	KWO	GU0	OD7B	1NX	SCG	MMX	AP2	VMC

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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

VMC	+ 0.97	MMX
VMC	+ 0.83	AP2
AP2	+ 0.81	MMX
1NX	+ 0.72	OD7B
MMX	+ 0.21	SCG
MMX	+ 0.17	KWO

High negative correlations

MMX	- 0.71	1NX
VMC	- 0.61	1NX
AP2	- 0.4	1NX
MMX	- 0.35	OD7B
OD7B	- 0.34	KWO
SCG	- 0.3	1NX

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
KWO	0.97	0.00	0.03	(0.09)	1.39	(2.29)	2.15	(2.11)	18.52
GU0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OD7B	1.96	0.19	0.10	0.67	2.19	(2.26)	4.74	(4.52)	13.72
1NX	1.31	0.25	0.11	(6.12)	1.87	(1.61)	4.62	(3.28)	15.56
SCG	1.56	(0.52)	0.00	(5.65)	0.00	0.00	1.39	(2.67)	35.00
MMX	0.98	(0.25)	0.00	(1.12)	0.00	0.00	2.33	(2.41)	8.56
AP2	2.24	(0.13)	0.00	(0.29)	0.00	0.00	4.14	(4.84)	14.72
VMC	1.15	(0.25)	0.00	(0.60)	0.00	0.00	1.64	(3.22)	9.68

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sixt 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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Sixt SE Corporate Executives

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

	Kai Andrejewski	CFO Board	Profile
	Nico Gabriel	COO Board	Profile

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