Thyssenkrupp Correlations

Stocks . Germany . 
Stock . thyssenkrupp AG
TKA Stock  EUR 10.04  0.90  8.23%   
The current 90-days correlation between thyssenkrupp AG and Suntory Beverage Food is 0.09 (i.e., Significant diversification). The correlation of Thyssenkrupp 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.

Thyssenkrupp Correlation With Market

Good diversification

The correlation between thyssenkrupp AG and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding thyssenkrupp AG and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Thyssenkrupp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thyssenkrupp 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 Thyssenkrupp - 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 thyssenkrupp AG to buy it.

Moving together with Thyssenkrupp Stock

  1.0TKA1 thyssenkrupp AGPairCorr
  0.99TKA1 thyssenkrupp AGPairCorr
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  0.8STD STANDARD CHARTEREDPairCorr
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  0.65ZEG ASTRAZENECAPairCorr
  0.94VVDH Veolia EnvironnementPairCorr
  0.74AV6 AvistaPairCorr

Moving against Thyssenkrupp Stock

  0.683O8 OmerosPairCorr
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  0.56ATD Allegheny TechnologiesPairCorr
  0.36XTY Carpenter TechnologyPairCorr
  0.79DBPD Xtrackers ShortDAXPairCorr
  0.64I7G Ipsen SAPairCorr
  0.55J9I0 5E ADVANCED MATERIALS SplitPairCorr

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   
UTDI
+ 0.7
CVB
B7O
+ 0.62
CVB
MOB
+ 0.57
CVB
UTDI
+ 0.49
MOB
7SN
+ 0.42
MOB
CHWD
+ 0.4
LGA
  
High negative correlations   
AFG
- 0.76
UTDI
AFG
- 0.7
CVB
AFG
- 0.55
MOB
LGA
- 0.43
UTDI
CHWD
- 0.41
MOB
AFG
- 0.36
7SN

Risk-Adjusted Indicators

There is a big difference between Thyssenkrupp Stock performing well and Thyssenkrupp 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 Thyssenkrupp'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 Thyssenkrupp 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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Thyssenkrupp Corporate Management

Elected by the shareholders, the Thyssenkrupp's board of directors comprises two types of representatives: Thyssenkrupp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Thyssenkrupp. The board's role is to monitor Thyssenkrupp's management team and ensure that shareholders' interests are well served. Thyssenkrupp'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, Thyssenkrupp's outside directors are responsible for providing unbiased perspectives on the board's policies.
Klaus KeysbergCFO BoardProfile
Oliver BurkhardLabor OfficerProfile
Martina MerzCEO BoardProfile
Isolde WurzHead CounselProfile
Stefan SchmittHead ManagementProfile
Maximilian MuggenhamerHead TestingProfile
Karsten KroosChief TechnologyProfile
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