Foncire Euris Correlations
| EURS Stock | EUR 0.16 0.00 0.00% |
The correlation of Foncire Euris 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Foncire Euris moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Foncire Euris SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Foncire Euris SA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Foncire |
The ability to find closely correlated positions to Foncire Euris could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Foncire Euris 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 Foncire Euris - 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 Foncire Euris SA to buy it.
Moving against Foncire Stock
Related Correlations Analysis
| -0.15 | -0.2 | 0.27 | 0.64 | FNTS | ||
| -0.15 | 0.05 | 0.03 | -0.44 | RAL | ||
| -0.2 | 0.05 | 0.3 | -0.43 | LTA | ||
| 0.27 | 0.03 | 0.3 | 0.09 | FLY | ||
| 0.64 | -0.44 | -0.43 | 0.09 | INEA | ||
| 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 Foncire Stock performing well and Foncire Euris 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 Foncire Euris' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FNTS | 1.61 | (0.84) | 0.00 | 0.55 | 0.00 | 0.00 | 50.68 | |||
| RAL | 6.41 | 1.51 | 0.13 | 1.03 | 6.70 | 4.79 | 213.77 | |||
| LTA | 0.83 | 0.16 | 0.14 | (2.62) | 0.77 | 2.25 | 5.10 | |||
| FLY | 0.73 | (0.04) | 0.00 | (12.13) | 0.00 | 1.80 | 7.02 | |||
| INEA | 0.82 | (0.12) | 0.00 | (0.96) | 0.00 | 1.52 | 4.56 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Foncire Euris 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 Investing Opportunities Now
Investing OpportunitiesBuild portfolios using our predefined set of ideas and optimize them against your investing preferences |
| All Next | Launch Module |
Complementary Tools for Foncire Stock analysis
When running Foncire Euris' price analysis, check to measure Foncire Euris' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Foncire Euris is operating at the current time. Most of Foncire Euris' value examination focuses on studying past and present price action to predict the probability of Foncire Euris' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Foncire Euris' price. Additionally, you may evaluate how the addition of Foncire Euris to your portfolios can decrease your overall portfolio volatility.
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like |