Siemens AG Correlations

SMAWF Stock

USD 225.00 2.37 1.04%

The current 90-days correlation between Siemens AG Class and Sandvik AB ADR is 0.44 (i.e., Very weak diversification). The correlation of Siemens AG 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.

Siemens AG Correlation With Market

Modest diversification

The correlation between Siemens AG Class and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siemens AG Class and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Siemens AG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Siemens AG 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 Siemens AG - 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 Siemens AG Class to buy it.

Moving together with Siemens Pink Sheet

0.78	GE	GE Aerospace	Pair Corr
0.81	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.73	KO	Coca Cola Aggressive Push	Pair Corr
0.67	WPM	Wheaton Precious Metals	Pair Corr
0.73	COST	Costco Wholesale Corp	Pair Corr
0.81	T	ATT Inc Aggressive Push	Pair Corr
0.68	BA	Boeing	Pair Corr
0.91	CSCO	Cisco Systems	Pair Corr
0.81	JPM	JPMorgan Chase	Pair Corr
0.77	WMT	Walmart	Pair Corr
0.81	MMM	3M Company	Pair Corr

Moving against Siemens Pink Sheet

0.71	U4R90AAB4	HLF 4875 01	Pair Corr
0.66	PBCRY	Bank Central Asia	Pair Corr
0.64	ETN	Eaton PLC	Pair Corr
0.61	PPERF	Bank Mandiri Persero	Pair Corr
0.6	PPERY	Bank Mandiri Persero	Pair Corr
0.53	PTAIY	Astra International Tbk Earnings Call Today	Pair Corr
0.48	BKRKY	Bank Rakyat	Pair Corr
0.4	CAT	Caterpillar	Pair Corr
0.37	HPQ	HP Inc Earnings Call Today	Pair Corr
0.36	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	SHPW	JCSE	GTEC	LASE	BGRY	BURU	RCIT	XEBEQ	OFLX	LXFR
SHPW		-0.29	0.09	0.32	0.0	0.11	0.26	0.0	0.87	0.4	SHPW
JCSE	-0.29		0.18	-0.31	0.0	-0.31	0.05	0.0	-0.34	0.1	JCSE
GTEC	0.09	0.18		0.03	0.0	-0.17	0.31	0.0	0.14	0.45	GTEC
LASE	0.32	-0.31	0.03		0.0	0.67	0.29	0.0	0.61	-0.41	LASE
BGRY	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	BGRY
BURU	0.11	-0.31	-0.17	0.67	0.0		0.1	0.0	0.33	-0.58	BURU
RCIT	0.26	0.05	0.31	0.29	0.0	0.1		0.0	0.36	0.16	RCIT
XEBEQ	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	XEBEQ
OFLX	0.87	-0.34	0.14	0.61	0.0	0.33	0.36	0.0		0.21	OFLX
LXFR	0.4	0.1	0.45	-0.41	0.0	-0.58	0.16	0.0	0.21		LXFR
	SHPW	JCSE	GTEC	LASE	BGRY	BURU	RCIT	XEBEQ	OFLX	LXFR

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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

OFLX	+ 0.87	SHPW
BURU	+ 0.67	LASE
OFLX	+ 0.61	LASE
LXFR	+ 0.45	GTEC
LXFR	+ 0.4	SHPW
OFLX	+ 0.36	RCIT

High negative correlations

LXFR	- 0.58	BURU
LXFR	- 0.41	LASE
OFLX	- 0.34	JCSE
BURU	- 0.31	JCSE
LASE	- 0.31	JCSE
JCSE	- 0.29	SHPW

Risk-Adjusted Indicators

There is a big difference between Siemens Pink Sheet performing well and Siemens AG 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 Siemens AG'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
SHPW	1.49	(0.77)	0.00	(2.55)	0.00	0.00	0.00	0.00	50.00
JCSE	4.16	0.34	0.06	(1.48)	5.20	(4.64)	8.45	(7.82)	67.84
GTEC	3.40	(0.49)	0.00	(1.28)	0.00	0.00	8.82	(7.96)	26.83
LASE	3.92	(0.55)	0.00	(0.25)	0.00	0.00	8.26	(7.71)	35.60
BGRY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BURU	11.73	0.56	0.04	(0.16)	12.77	(16.68)	33.33	(24.14)	134.00
RCIT	3.09	(1.54)	0.00	3.07	0.00	0.00	1.43	(1.81)	5.19
XEBEQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OFLX	1.63	(0.54)	0.00	(0.76)	0.00	0.00	2.92	(3.12)	9.62
LXFR	1.63	(0.03)	0.00	(0.03)	0.00	0.00	2.64	(3.45)	7.65

Be your own money manager

Our tools can tell you how much better you can do entering a position in Siemens AG 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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Siemens AG Corporate Management

Cedrik Neike	Member of the Management Board	Profile
Annette Kraus	Chief Officer	Profile
Andreas Hoffmann	Head Counsel	Profile
Leslie Bodnar	Chief Officer	Profile
Lynette Jackson	Head Communications	Profile
Roland DiplPhys	CEO Pres	Profile

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