Crédit Agricole Correlations

Stocks . Germany . 
Stock . Crdit Agricole SA
XCA Stock  EUR 15.98  0.15  0.93%   
The current 90-days correlation between Crdit Agricole SA and Monster Beverage Corp is -0.02 (i.e., Good diversification). The correlation of Crédit Agricole 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.

Crédit Agricole Correlation With Market

Modest diversification

The correlation between Crdit Agricole SA and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crdit Agricole SA and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Crédit Agricole could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Crédit Agricole 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 Crédit Agricole - 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 Crdit Agricole SA to buy it.

Moving together with Crédit Stock

  0.99BNP BNP Paribas SAPairCorr
  0.99BNPH BNP PARIBAS ADRPairCorr
  0.99IES Intesa Sanpaolo SpAPairCorr
  0.96LLD Lloyds Banking GroupPairCorr
  0.94LLD2 Lloyds Banking GroupPairCorr
  0.99CRIN UniCredit SpAPairCorr
  0.9748CA CaixaBank SAPairCorr
  0.91KDB KBC Group NVPairCorr
  0.94SEBC Skandinaviska EnskildaPairCorr
  0.77ECHA Ecopetrol SAPairCorr
  0.79ECHA Ecopetrol SAPairCorr
  0.916GAA Grupo Aval AccionesPairCorr
  0.926GAA Grupo Aval AccionesPairCorr
  0.8MFZA Mitsubishi UFJ FinancialPairCorr
  0.82RY4C Ryanair Holdings plcPairCorr
  0.92AC1 AstronicsPairCorr
  0.93SEBA S E BANKENPairCorr
  0.73VTCB Vtech HoldingsPairCorr
  0.96TCW TOKYU STRUCTIONPairCorr
  0.974HM Vicat SAPairCorr
  0.69JUS1 AEON CoPairCorr
  0.89GOB Compagnie de SaintPairCorr
  0.9LX6 AUSTAL LIMITEDPairCorr
  0.96BRU mBank SAPairCorr
  0.969EE ZINZINO AB BPairCorr
  0.96DBPE Xtrackers LevDAXPairCorr
  0.87E908 Lyxor 1PairCorr

Moving against Crédit Stock

  0.62KBIA KB Financial GroupPairCorr
  0.34HYU Hyundai MotorPairCorr
  0.97DBPD Xtrackers ShortDAXPairCorr
  0.46D5LA REATO GROUP ABPairCorr
  0.44VMR1 Value Management ResearchPairCorr

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   
6SD
+ 0.59
7IG
G7W
+ 0.48
4H7
MOB
+ 0.35
7IG
MOB
+ 0.07
4H7
  
High negative correlations   
6SD
- 0.54
4H7
G7W
- 0.51
6SD
9E7
- 0.32
7IG
G7W
- 0.3
MOB
G7W
- 0.28
7IG
6SD
- 0.16
9E7

Risk-Adjusted Indicators

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

Elected by the shareholders, the Crédit Agricole's board of directors comprises two types of representatives: Crédit Agricole inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Crédit. The board's role is to monitor Crédit Agricole's management team and ensure that shareholders' interests are well served. Crédit Agricole'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, Crédit Agricole's outside directors are responsible for providing unbiased perspectives on the board's policies.
Xavier MuscaDeputy OfficerProfile
Philippe BrassacCEO FederationProfile
Francis VicariHead LegalProfile
Pierre MetgeHead DirectorProfile
Cyril CFAHead RelationsProfile
Julie PalmeHead CommunicationsProfile
Martine BoutinetHead ComplianceProfile
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