Wienerberger Baustoffindustri Correlations

WBRBY Stock

USD 5.56 0.00 0.00%

The current 90-days correlation between Wienerberger Baustoffindustri and Cementos Pacasmayo SAA is -0.04 (i.e., Good diversification). The correlation of Wienerberger Baustoffindustri 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Wienerberger Baustoffindustri Correlation With Market

Average diversification

The correlation between Wienerberger Baustoffindustrie and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wienerberger Baustoffindustrie and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Wienerberger Pink Sheet

0.84	BMYMP	Bristol Myers Squibb	Pair Corr
0.73	NVDA	NVIDIA Aggressive Push	Pair Corr
0.7	FTNT	Fortinet Sell-off Trend	Pair Corr
0.68	OPFI	OppFi Inc Potential Growth	Pair Corr
0.66	CRHCF	CRH Plc	Pair Corr
0.65	MLM	Martin Marietta Materials	Pair Corr
0.65	DECK	Deckers Outdoor	Pair Corr
0.64	VMC	Vulcan Materials	Pair Corr
0.61	CRH	CRH PLC ADR	Pair Corr
0.6	ESLAW	Estrella Immunopharma	Pair Corr
0.56	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.55	HA	Hawaiian Holdings	Pair Corr
0.54	JXN-PA	Jackson Financial	Pair Corr
0.53	MET	MetLife	Pair Corr
0.52	AGFY	Agrify Corp	Pair Corr
0.5	FTI	TechnipFMC PLC	Pair Corr
0.48	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.46	HCMLF	Holcim	Pair Corr
0.46	OMIC	Singular Genomics Systems	Pair Corr
0.44	AAPL	Apple Inc Aggressive Push	Pair Corr
0.4	HCMLY	Lafargeholcim ADR	Pair Corr
0.36	AHCHY	Anhui Conch Cement	Pair Corr
0.36	AHCHF	Anhui Conch Cement	Pair Corr
0.34	META	Meta Platforms Aggressive Push	Pair Corr

Related Correlations Analysis

	CPAC	SUM	EXP	CRH	MLM
CPAC		0.61	0.46	0.53	0.65	CPAC
SUM	0.61		0.74	0.95	0.94	SUM
EXP	0.46	0.74		0.85	0.83	EXP
CRH	0.53	0.95	0.85		0.92	CRH
MLM	0.65	0.94	0.83	0.92		MLM
	CPAC	SUM	EXP	CRH	MLM

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Risk-Adjusted Indicators

There is a big difference between Wienerberger Pink Sheet performing well and Wienerberger Baustoffindustri 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 Wienerberger Baustoffindustri'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
CPAC	1.17	0.12	(0.02)	(0.09)	2.07	(1.24)	2.85	(2.59)	14.21
SUM	1.62	0.20	0.13	0.24	1.63	(1.91)	4.18	(2.49)	9.88
EXP	1.32	0.09	0.09	0.17	1.36	(1.46)	2.94	(1.90)	7.85
CRH	0.96	0.09	0.05	0.20	1.15	(0.93)	2.18	(2.05)	5.23
MLM	1.06	0.03	0.04	0.13	1.21	(1.13)	1.94	(2.61)	8.83

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Our tools can tell you how much better you can do entering a position in Wienerberger Baustoffindustri 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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Wienerberger Baustoffindustri Corporate Management

Bernd Braunstein	Corp Services	Profile
Harald Schwarzmayr	COO Board	Profile
Wolfgang Weiss	Head HR	Profile
Gerhard Hanke	CFO Board	Profile
Klaus Ofner	Head - Investor Relations	Profile
Solveig MenardGalli	Chief Performance Officer, Member of the Management Board	Profile

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