Aedas Homes Correlations
| AEDAS Stock | EUR 25.30 0.60 2.43% |
The current 90-days correlation between Aedas Homes SL and Neinor Homes SLU is 0.35 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aedas Homes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aedas Homes SL moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Aedas Homes Correlation With Market
Significant diversification
The correlation between Aedas Homes SL and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aedas Homes SL and DJI in the same portfolio, assuming nothing else is changed.
Aedas |
The ability to find closely correlated positions to Aedas Homes could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aedas Homes 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 Aedas Homes - 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 Aedas Homes SL to buy it.
Moving together with Aedas Stock
Moving against Aedas Stock
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in Aedas Homes 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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Aedas Homes Corporate Management
Elected by the shareholders, the Aedas Homes' board of directors comprises two types of representatives: Aedas Homes inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aedas. The board's role is to monitor Aedas Homes' management team and ensure that shareholders' interests are well served. Aedas Homes' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Aedas Homes' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Patxi Castanos | Chief Officer | Profile | |
| Pedro Gutirrez | Chief Officer | Profile | |
| Esther Macarro | Chief Officer | Profile | |
| David Botin | Chief Officer | Profile | |
| Mara Leal | Chief Officer | Profile | |
| Alberto Montero | Chief Officer | Profile |