Citycon Oyj Correlations

TY2B Stock

EUR 3.23 0.03 0.94%

The current 90-days correlation between Citycon Oyj and Altair Engineering is -0.23 (i.e., Very good diversification). The correlation of Citycon Oyj 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.

Citycon Oyj Correlation With Market

Significant diversification

The correlation between Citycon Oyj and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Citycon Oyj and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Citycon Stock

0.65

BSX

BOSTON SCIENTIFIC

Pair Corr

Moving against Citycon Stock

0.52	NWDA	NEW WORLD DEVCO	Pair Corr
0.51	9DH	AEON MALL LTD	Pair Corr
0.44	O4H	OPEN HOUSE GROUP	Pair Corr
0.44	WSU	WashTec AG Earnings Call This Week	Pair Corr
0.34	APM	AD PEPPER MEDIA	Pair Corr

Related Correlations Analysis

	AILA	XFB	8A2	WB2	NWC	COA1	VHY	UVD
AILA		-0.6	-0.16	-0.6	0.47	0.75	0.0	-0.36	AILA
XFB	-0.6		0.31	0.5	-0.2	-0.66	0.47	0.46	XFB
8A2	-0.16	0.31		0.42	-0.39	-0.44	0.05	-0.17	8A2
WB2	-0.6	0.5	0.42		-0.42	-0.89	0.06	0.06	WB2
NWC	0.47	-0.2	-0.39	-0.42		0.38	0.43	0.08	NWC
COA1	0.75	-0.66	-0.44	-0.89	0.38		-0.21	-0.12	COA1
VHY	0.0	0.47	0.05	0.06	0.43	-0.21		0.42	VHY
UVD	-0.36	0.46	-0.17	0.06	0.08	-0.12	0.42		UVD
	AILA	XFB	8A2	WB2	NWC	COA1	VHY	UVD

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

COA1	+ 0.75	AILA
WB2	+ 0.5	XFB
NWC	+ 0.47	AILA
VHY	+ 0.47	XFB
UVD	+ 0.46	XFB
VHY	+ 0.43	NWC

High negative correlations

COA1	- 0.89	WB2
COA1	- 0.66	XFB
WB2	- 0.6	AILA
XFB	- 0.6	AILA
COA1	- 0.44	8A2
NWC	- 0.42	WB2

Risk-Adjusted Indicators

There is a big difference between Citycon Stock performing well and Citycon Oyj 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 Citycon Oyj'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
AILA	1.02	0.19	0.15	0.66	1.16	(1.30)	2.35	(2.41)	9.83
XFB	2.10	(0.10)	0.00	(0.30)	0.00	0.00	3.87	(4.06)	11.40
8A2	0.40	0.01	0.07	0.70	0.49	(1.04)	0.99	(0.97)	3.81
WB2	1.28	(0.20)	0.00	4.02	0.00	0.00	2.38	(3.11)	11.07
NWC	2.34	0.12	0.05	0.16	2.44	(3.18)	5.43	(4.12)	15.92
COA1	2.90	1.14	0.00	29.24	0.00	0.00	11.76	(5.56)	22.22
VHY	1.65	(0.08)	0.00	(0.26)	0.00	0.00	4.02	(3.31)	13.67
UVD	1.69	(0.08)	0.00	2.08	0.00	0.00	3.67	(3.62)	12.01

Be your own money manager

Our tools can tell you how much better you can do entering a position in Citycon Oyj 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 Idea Optimizer Now

Idea Optimizer

Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio

All Next

Launch Module

Citycon Oyj Corporate Management

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

Kirsi SimolaLaaksonen	Chief Information Officer, Member of the Corporate Management Committee	Profile
Carl Angmo	Head Investment	Profile
Chaim Katzman	Chairman of the Board	Profile
Arnold Haan	Independent Director	Profile
Andrea Orlandi	Director	Profile
Peter Dimulkas	VP Marketing	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC