OMV AG Correlations
| OMVKY Stock | USD 11.77 0.07 0.60% |
The correlation of OMV AG 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 OMV AG moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if OMV AG PK 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.
Good diversification
The correlation between OMV AG PK and NYA is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OMV AG PK and NYA in the same portfolio, assuming nothing else is changed.
OMV |
The ability to find closely correlated positions to OMV AG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace OMV AG 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 OMV AG - 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 OMV AG PK to buy it.
Moving together with OMV Pink Sheet
| 0.91 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
| 0.78 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.85 | SHEL | Shell PLC ADR | PairCorr |
| 0.81 | RYDAF | Shell PLC | PairCorr |
| 0.88 | TTE | TotalEnergies SE ADR | PairCorr |
| 0.88 | TTFNF | TotalEnergies SE | PairCorr |
| 0.86 | PCCYF | PetroChina | PairCorr |
| 0.83 | CSL | Carlisle Companies | PairCorr |
| 0.71 | NTAP | NetApp Inc Financial Report 29th of May 2024 | PairCorr |
Moving against OMV Pink Sheet
| 0.7 | SZKMF | Suzuki Motor | PairCorr |
| 0.67 | OPHLF | Ono Pharmaceutical Earnings Call This Week | PairCorr |
| 0.67 | BKKPF | Bangkok Bank Public | PairCorr |
| 0.6 | SNPHF | Santen Pharmaceutical Earnings Call This Week | PairCorr |
| 0.54 | ESALF | Eisai Co | PairCorr |
| 0.54 | MZDAF | Mazda Motor | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between OMV Pink Sheet performing well and OMV AG 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 OMV AG'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EQNR | 1.22 | (0.13) | 0.00 | (0.25) | 0.00 | 2.04 | 9.62 | |||
| TTE | 0.84 | 0.09 | 0.06 | 0.21 | 1.06 | 1.81 | 5.51 | |||
| EC | 1.34 | (0.03) | (0.02) | 0.01 | 1.88 | 2.48 | 8.57 | |||
| NFG | 1.14 | 0.17 | 0.14 | 0.21 | 1.02 | 2.73 | 9.58 | |||
| TGS | 2.66 | 0.29 | 0.11 | 0.19 | 2.69 | 6.52 | 21.78 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in OMV AG 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?
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Instant RatingsDetermine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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OMV AG Corporate Management
Elected by the shareholders, the OMV AG's board of directors comprises two types of representatives: OMV AG inside directors who are chosen from within the company, and outside directors, selected externally and held independent of OMV. The board's role is to monitor OMV AG's management team and ensure that shareholders' interests are well served. OMV AG'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, OMV AG's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Wolfram Littich | Member of the Supervisory Board | Profile | |
| Alyazia Kuwaiti | Member of the Supervisory Board | Profile | |
| Thomas Gangl | Member of the Executive Board for Refining & Petrochemical Operations | Profile | |
| Karl Rose | Member of the Supervisory Board | Profile | |
| Bernhard Heneis | Investor Relations Manager | Profile | |
| Elif Zapparoli | Independent Member of the Supervisory Board | Profile | |
| Felix Ruesch | Head of Investor Relations | Profile |
Already Invested in OMV AG PK?
The danger of trading OMV AG PK is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of OMV AG is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than OMV AG. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile OMV AG PK is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OMV AG PK. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for OMV Pink Sheet analysis
When running OMV AG's price analysis, check to measure OMV AG's 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 OMV AG is operating at the current time. Most of OMV AG's value examination focuses on studying past and present price action to predict the probability of OMV AG's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OMV AG's price. Additionally, you may evaluate how the addition of OMV AG to your portfolios can decrease your overall portfolio volatility.
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