SPIE SA Correlations
| SPIE Stock | EUR 40.76 0.32 0.79% |
The current 90-days correlation between SPIE SA and Elis SA is 0.64 (i.e., Poor diversification). The correlation of SPIE 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.
SPIE SA Correlation With Market
Modest diversification
The correlation between SPIE SA and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPIE SA and DJI in the same portfolio, assuming nothing else is changed.
SPIE |
The ability to find closely correlated positions to SPIE 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 SPIE 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 SPIE 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 SPIE SA to buy it.
Moving together with SPIE Stock
| 0.9 | BNP | BNP Paribas SA | PairCorr |
| 0.97 | EN | Bouygues SA | PairCorr |
| 0.83 | SAN | Sanofi SA | PairCorr |
| 0.66 | OR | LOreal SA | PairCorr |
| 0.66 | ALMOU | Moulinvest | PairCorr |
| 0.83 | ALSTW | Streamwide | PairCorr |
| 0.9 | ACA | Credit Agricole SA | PairCorr |
| 0.83 | ENGI | Engie SA | PairCorr |
| 0.92 | EXA | Exail Technologies Earnings Call This Week | PairCorr |
| 0.82 | CRLO | Caisse Regionale | PairCorr |
| 0.82 | CRI | Chargeurs SA | PairCorr |
| 0.91 | ORA | Orange SA | PairCorr |
| 0.85 | ALSOG | Sogeclair SA | PairCorr |
| 0.73 | PWG | Prodways Group SA | PairCorr |
| 0.8 | ALHF | HF Company SA | PairCorr |
| 0.93 | ALDBT | DBT SA | PairCorr |
| 0.86 | CS | AXA SA | PairCorr |
| 0.86 | ALBPK | Broadpeak SA | PairCorr |
| 0.79 | ML | Compagnie Generale des | PairCorr |
| 0.9 | ATO | Atos SE | PairCorr |
| 0.74 | HDF | Hydrogene De France | PairCorr |
| 0.62 | CARM | Carmila SA | PairCorr |
Moving against SPIE Stock
| 0.61 | AAA | Alan Allman Associates | PairCorr |
| 0.4 | CDI | Christian Dior SE | PairCorr |
| 0.38 | IAM | Itissalat Al Maghrib | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between SPIE Stock performing well and SPIE 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 SPIE 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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ELIS | 1.23 | 0.33 | 0.32 | 3.14 | 0.97 | 3.13 | 10.60 | |||
| FGR | 1.18 | 0.51 | 0.50 | 2.76 | 0.73 | 3.94 | 11.34 | |||
| RXL | 1.68 | 0.20 | 0.11 | 1.49 | 2.22 | 4.64 | 14.20 | |||
| EDEN | 1.42 | 0.13 | 0.09 | 0.52 | 1.91 | 3.21 | 9.72 | |||
| GTT | 1.62 | 0.19 | 0.18 | (0.56) | 1.66 | 3.27 | 21.81 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in SPIE 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.Did you try this?
Run Theme Ratings Now
Theme RatingsDetermine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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SPIE SA Corporate Management
Elected by the shareholders, the SPIE SA's board of directors comprises two types of representatives: SPIE SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SPIE. The board's role is to monitor SPIE SA's management team and ensure that shareholders' interests are well served. SPIE 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, SPIE SA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jrme Vanhove | Group Officer | Profile | |
| Elisabeth Rasmussen | Group Director | Profile | |
| Pierre Savoy | Chief AG | Profile | |
| Thomas Guillois | Investor Director | Profile | |
| Markus Holzke | Chief DZE | Profile | |
| Lieve MSc | Chief Nederland | Profile |