SKAN Group Correlations
| SKAN Stock | 75.30 1.80 2.33% |
The current 90-days correlation between SKAN Group AG and Bachem Holding AG is 0.3 (i.e., Weak diversification). The correlation of SKAN Group 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. If the correlation is 0, the equities are not correlated; they are entirely random.
SKAN Group Correlation With Market
Weak diversification
The correlation between SKAN Group AG and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SKAN Group AG and DJI in the same portfolio, assuming nothing else is changed.
SKAN |
The ability to find closely correlated positions to SKAN Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SKAN Group 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 SKAN Group - 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 SKAN Group AG to buy it.
Moving together with SKAN Stock
| 0.67 | ALC | Alcon AG | PairCorr |
| 0.73 | CLTN | Coltene Holding AG | PairCorr |
| 0.77 | ISN | Intershop Holding Earnings Call This Week | PairCorr |
| 0.74 | PSPN | PSP Swiss Property | PairCorr |
| 0.86 | PEHN | Private Equity Holding | PairCorr |
| 0.78 | PLAN | Plazza AG Earnings Call Next Week | PairCorr |
| 0.67 | LOGN | Logitech International | PairCorr |
| 0.73 | SPSN | Swiss Prime Site | PairCorr |
Related Correlations Analysis
| 0.57 | 0.03 | -0.72 | 0.86 | BANB | ||
| 0.57 | -0.17 | -0.7 | 0.33 | PPGN | ||
| 0.03 | -0.17 | 0.16 | 0.06 | VACN | ||
| -0.72 | -0.7 | 0.16 | -0.66 | BEAN | ||
| 0.86 | 0.33 | 0.06 | -0.66 | SWON | ||
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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 SKAN Stock performing well and SKAN Group 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 SKAN Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BANB | 1.30 | (0.24) | 0.00 | (1.35) | 0.00 | 2.30 | 9.57 | |||
| PPGN | 1.95 | (0.36) | 0.00 | (1.47) | 0.00 | 4.56 | 12.19 | |||
| VACN | 1.45 | 0.06 | 0.03 | 0.80 | 2.19 | 2.21 | 10.78 | |||
| BEAN | 1.28 | 0.13 | 0.05 | 0.52 | 2.46 | 2.87 | 13.01 | |||
| SWON | 2.32 | (0.21) | 0.00 | (0.65) | 0.00 | 6.06 | 18.79 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in SKAN Group 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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SKAN Group Corporate Management
Elected by the shareholders, the SKAN Group's board of directors comprises two types of representatives: SKAN Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SKAN. The board's role is to monitor SKAN Group's management team and ensure that shareholders' interests are well served. SKAN Group'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, SKAN Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Burim Maraj | Chief Officer | Profile | |
| Cornelia HennyWeiss | Chief Officer | Profile | |
| Ralf Kramer | Chief Officer | Profile | |
| Martin Steegmuller | Chief Solutions | Profile | |
| Sascha Pawel | Chief Officer | Profile | |
| Philippe Jerome | Chief Officer | Profile |