Soitec SA Correlations

Stocks . France . 
Stock . Soitec SA
SOI Stock  EUR 59.15  0.25  0.42%   
The current 90-days correlation between Soitec SA and Vallourec is 0.12 (i.e., Average diversification). The correlation of Soitec 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.

Soitec SA Correlation With Market

Significant diversification

The correlation between Soitec SA and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Soitec SA and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Soitec 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 Soitec 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 Soitec 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 Soitec SA to buy it.

Moving together with Soitec Stock

  0.68MEMS Memscap RegptPairCorr
  0.67EFI Eurasia Fonciere InvPairCorr
  0.78GDS Ramsay Generale De Earnings Call TodayPairCorr

Moving against Soitec Stock

  0.73EN Bouygues SAPairCorr
  0.73ALBFR SidetradePairCorr
  0.72AKE Arkema SA Earnings Call TodayPairCorr
  0.72ACA Credit Agricole SAPairCorr
  0.69ATE Alten SAPairCorr
  0.67AREIT AltareitPairCorr
  0.64COUR Courtois SAPairCorr
  0.55CBDG Compagnie du CambodgePairCorr
  0.55CIV Caisse RegionalePairCorr
  0.51FII Lisi SAPairCorr
  0.49MRN Mersen SAPairCorr
  0.45ALKLK Kerlink SASPairCorr
  0.44CAF Caisse Rgionale dePairCorr
  0.44NXI Nexity Earnings Call TodayPairCorr
  0.44BIM Biomerieux SAPairCorr
  0.42MLPAC Pacte NovationPairCorr
  0.39PWG Prodways Group SAPairCorr
  0.78AI Air Liquide SAPairCorr
  0.74ALGEC GECI InternationalPairCorr
  0.73GLE Societe GeneralePairCorr
  0.68CRSU Caisse RegionalePairCorr
  0.65CRLO Caisse RegionalePairCorr
  0.64LI Klepierre SAPairCorr
  0.64CRBP2 Caisse RegionalePairCorr
  0.63SAN Sanofi SAPairCorr
  0.61CRAV Caisse rgionale dePairCorr
  0.57GEA GEA Grenobl ElectPairCorr

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   
DSY
+ 0.83
VK
TEP
+ 0.82
DSY
TEP
+ 0.65
VK
WLN
+ 0.13
DSY
WLN
+ 0.04
VK
  
High negative correlations   
WLN
- 0.63
ATO
ATO
- 0.42
DSY
ATO
- 0.41
VK
WLN
- 0.27
TEP
ATO
- 0.07
TEP

Risk-Adjusted Indicators

There is a big difference between Soitec Stock performing well and Soitec 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 Soitec 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 Soitec 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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Soitec SA Corporate Management

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