Prysmian SpA Correlations
| AEU Stock | EUR 64.08 1.38 2.20% |
The current 90-days correlation between Prysmian SpA and Motorola Solutions is 0.34 (i.e., Weak diversification). The correlation of Prysmian SpA 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.
Prysmian SpA Correlation With Market
Good diversification
The correlation between Prysmian SpA and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prysmian SpA and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Prysmian SpA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Prysmian SpA 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 Prysmian SpA - 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 Prysmian SpA to buy it.
Moving together with Prysmian Stock
Moving against Prysmian Stock
Related Correlations Analysis
| 0.99 | 0.94 | 0.6 | 0.67 | 0.9 | 0.88 | CIS | ||
| 0.99 | 0.95 | 0.59 | 0.67 | 0.9 | 0.88 | CIS | ||
| 0.94 | 0.95 | 0.4 | 0.6 | 0.88 | 0.75 | MTLA | ||
| 0.6 | 0.59 | 0.4 | 0.6 | 0.49 | 0.8 | NOA3 | ||
| 0.67 | 0.67 | 0.6 | 0.6 | 0.8 | 0.58 | FZM | ||
| 0.9 | 0.9 | 0.88 | 0.49 | 0.8 | 0.72 | 2HP | ||
| 0.88 | 0.88 | 0.75 | 0.8 | 0.58 | 0.72 | ERCA | ||
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Risk-Adjusted Indicators
There is a big difference between Prysmian Stock performing well and Prysmian SpA 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 Prysmian SpA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CIS | 0.99 | 0.21 | 0.20 | 0.28 | 0.71 | 2.07 | 7.07 | |||
| CIS | 0.80 | 0.31 | 0.28 | 1.06 | 0.43 | 1.92 | 6.13 | |||
| MTLA | 1.08 | 0.21 | 0.13 | 0.84 | 0.82 | 2.89 | 9.70 | |||
| NOA3 | 1.00 | 0.05 | (0.04) | (0.53) | 1.53 | 2.09 | 15.91 | |||
| FZM | 3.05 | 0.55 | 0.09 | (2.74) | 4.12 | 7.49 | 39.74 | |||
| 2HP | 1.79 | 0.20 | 0.06 | 0.51 | 2.39 | 4.49 | 12.96 | |||
| ERCA | 1.09 | 0.30 | 0.11 | (0.45) | 0.79 | 2.00 | 18.76 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Prysmian SpA 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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Prysmian SpA Corporate Management
Elected by the shareholders, the Prysmian SpA's board of directors comprises two types of representatives: Prysmian SpA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Prysmian. The board's role is to monitor Prysmian SpA's management team and ensure that shareholders' interests are well served. Prysmian SpA'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, Prysmian SpA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Alessandro Nespoli | Chief Officer | Profile | |
| Massimo Battaini | Head of Business Energy Projects | Profile | |
| Lorenzo Caruso | Chief Officer | Profile | |
| Maria Bifulco | Head of Investor Relations | Profile | |
| Stefano Brandinali | Chief Officer | Profile |