Yellow Pages Correlations

Stocks . Germany . 
Stock . Yellow Pages Limited
YMI Stock  EUR 6.75  0.35  5.47%   
The current 90-days correlation between Yellow Pages Limited and AUTO TRADER ADR is 0.01 (i.e., Significant diversification). The correlation of Yellow Pages 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.

Yellow Pages Correlation With Market

Average diversification

The correlation between Yellow Pages Limited and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Yellow Pages Limited and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Yellow Pages could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yellow Pages 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 Yellow Pages - 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 Yellow Pages Limited to buy it.

Moving together with Yellow Stock

  0.63WOSB Wolters Kluwer NVPairCorr
  0.66WOS WOLTERS KLUWER ADRPairCorr
  0.72XPGB Schibsted ASA BPairCorr
  0.7XPG Schibsted ASA APairCorr
  0.66TCID Telkom Indonesia Tbk Earnings Call TodayPairCorr
  0.71PTI Perusahaan Perseroan Earnings Call TodayPairCorr

Moving against Yellow Stock

  0.73AG9 ACTIA GROUP SAPairCorr
  0.66PKX POSCO HoldingsPairCorr
  0.54GOC Star Diamond Earnings Call TodayPairCorr
  0.51SNK Sankyu IncPairCorr
  0.47BY6A BYD Limited Earnings Call TodayPairCorr
  0.45PEH PEH WERTPAPIERPairCorr
  0.42ROI Rosenbauer InternationalPairCorr
  0.4SLW1 Swiss Life HoldingPairCorr
  0.4KGHA KGHM Polska Miedz Earnings Call TomorrowPairCorr
  0.39TLLB Trelleborg ABPairCorr
  0.79DUBA DRDGoldPairCorr
  0.79RHM Rheinmetall AGPairCorr
  0.75TKA thyssenkrupp AGPairCorr
  0.71BSN Danone SAPairCorr
  0.68JYS1 JYSKE BANKPairCorr
  0.645TP BLUE LABELPairCorr
  0.6KONN Komercn banka asPairCorr
  0.573RE Rejlerkoncernen ABPairCorr
  0.57DBPE Xtrackers LevDAXPairCorr

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   
VEFW
+ 0.91
WN6
9JD
+ 0.71
2UA0
CN6
+ 0.66
HKU
WN6
+ 0.48
2UA0
9JD
+ 0.47
WN6
VEFW
+ 0.46
2UA0
  
High negative correlations   
VEFW
- 0.72
NRSA
WN6
- 0.72
NRSA
9JD
- 0.62
9GY
9GY
- 0.6
NRSA
CN6
- 0.57
9JD
CN6
- 0.48
WN6

Risk-Adjusted Indicators

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

Elected by the shareholders, the Yellow Pages' board of directors comprises two types of representatives: Yellow Pages inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Yellow. The board's role is to monitor Yellow Pages' management team and ensure that shareholders' interests are well served. Yellow Pages' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Yellow Pages' outside directors are responsible for providing unbiased perspectives on the board's policies.
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