Zwahlen Et Correlations
| ZWM Stock | CHF 116.00 0.00 0.00% |
The current 90-days correlation between Zwahlen et Mayr and Hypothekarbank Lenzburg AG is 0.16 (i.e., Average diversification). The correlation of Zwahlen Et 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.
Zwahlen Et Correlation With Market
Good diversification
The correlation between Zwahlen et Mayr and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zwahlen et Mayr and DJI in the same portfolio, assuming nothing else is changed.
Zwahlen |
The ability to find closely correlated positions to Zwahlen Et could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zwahlen Et 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 Zwahlen Et - 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 Zwahlen et Mayr to buy it.
Moving against Zwahlen Stock
| 0.65 | SREN | Swiss Re AG | PairCorr |
| 0.52 | ZURN | Zurich Insurance | PairCorr |
| 0.47 | ABBN | ABB | PairCorr |
| 0.46 | CICN | Cicor Technologies | PairCorr |
| 0.44 | HOLN | Holcim AG | PairCorr |
Related Correlations Analysis
| -0.64 | -0.51 | -0.78 | 0.21 | 0.75 | LLBN | ||
| -0.64 | 0.79 | 0.86 | -0.06 | -0.78 | CMBN | ||
| -0.51 | 0.79 | 0.72 | -0.17 | -0.66 | BSKP | ||
| -0.78 | 0.86 | 0.72 | -0.26 | -0.84 | ZURN | ||
| 0.21 | -0.06 | -0.17 | -0.26 | 0.19 | SWTQ | ||
| 0.75 | -0.78 | -0.66 | -0.84 | 0.19 | HBLN | ||
| 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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Zwahlen Stock performing well and Zwahlen Et 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 Zwahlen Et'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LLBN | 0.50 | (0.07) | 0.00 | (0.59) | 0.00 | 1.17 | 3.01 | |||
| CMBN | 0.66 | 0.06 | 0.02 | 1.56 | 0.97 | 1.32 | 4.87 | |||
| BSKP | 0.50 | 0.03 | (0.01) | 0.49 | 0.57 | 0.93 | 3.30 | |||
| ZURN | 0.64 | 0.07 | 0.04 | 1.70 | 0.64 | 1.19 | 4.88 | |||
| SWTQ | 1.49 | 0.07 | 0.04 | 0.12 | 1.54 | 3.49 | 14.50 | |||
| HBLN | 0.35 | (0.04) | 0.00 | 1.07 | 0.00 | 1.01 | 2.97 |
Zwahlen Et Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Zwahlen Et stock to make a market-neutral strategy. Peer analysis of Zwahlen Et could also be used in its relative valuation, which is a method of valuing Zwahlen Et by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Zwahlen Et Corporate Management
Elected by the shareholders, the Zwahlen Et's board of directors comprises two types of representatives: Zwahlen Et inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Zwahlen. The board's role is to monitor Zwahlen Et's management team and ensure that shareholders' interests are well served. Zwahlen Et'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, Zwahlen Et's outside directors are responsible for providing unbiased perspectives on the board's policies.
| David Auer | Director Unit | Profile | |
| Guido Bigoni | Director Fin | Profile | |
| Francesco Punzo | Technical MD | Profile | |
| Yves Bosson | Chairman Directors | Profile | |
| Eric Aigroz | G Mang | Profile |