Carrefour Correlations

Stocks Germany . 
Stock . Carrefour SA
CAR Stock  EUR 13.49  0.08  0.60%   
The current 90-days correlation between Carrefour SA and DATANG INTL POW is -0.02 (i.e., Good diversification). The correlation of Carrefour 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.

Carrefour Correlation With Market

Good diversification

The correlation between Carrefour SA and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Carrefour SA and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Carrefour could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carrefour 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 Carrefour - 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 Carrefour SA to buy it.

Moving together with Carrefour Stock

  0.8PQ9 BANK MANDIRIPairCorr
  0.78PQ9 PT Bank MandiriPairCorr
  0.74PQ9 BANK MANDIRIPairCorr
  0.79PQ9 BANK MANDIRIPairCorr
  0.79BYRA PT Bank RakyatPairCorr
  0.77BYRA BANK RAKYAT INDPairCorr
  0.79BYRA BANK RAKYAT INDPairCorr
  0.68BYRA PT Bank RakyatPairCorr

Moving against Carrefour Stock

  0.81KOG The KrogerPairCorr
  0.71L8G Loblaw CompaniesPairCorr
  0.69S6M Seven i HoldingsPairCorr
  0.52AHOD AHOLD DELHAIADR16PairCorr
  0.52TCO2 TESCO PLC ADR1PairCorr
  0.47AHOG Koninklijke AholdPairCorr
  0.45AHOG Koninklijke AholdPairCorr
  0.41TCO0 TESCO PLC LSPairCorr
  0.89APC Apple IncPairCorr
  0.84PTX Palantir TechnologiesPairCorr
  0.832WY Wyndham Hotels ResortsPairCorr
  0.82M4I MastercardPairCorr
  0.79RC2 RCM TECHNOLOGIESPairCorr
  0.76C6TB CHINA BANK ADR20PairCorr
  0.76PPB Flutter Entertainment PLCPairCorr
  0.750XHR Xenia Hotels ResortsPairCorr
  0.74NT4 Northern TrustPairCorr
  0.742T9A TRAINLINE PLC LSPairCorr
  0.73WX1 Acadia Realty TrustPairCorr
  0.72VA7A VERISK ANLYTCS APairCorr
  0.74GE Grupo Mxico SABPairCorr
  0.69HIP Park Hotels ResortsPairCorr
  0.69WX7 Corporate Office ProPairCorr
  0.68PCG6 PG E P6PairCorr
  0.89APC Apple IncPairCorr
  0.83M5V EHEALTHPairCorr

Related Correlations Analysis

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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   
3QD
+ 0.91
T2K1
DOC2
+ 0.81
D0D
DOC2
+ 0.74
PUP0
3QD
+ 0.73
D6H
T2K1
+ 0.72
HYI
3QD
+ 0.62
HYI
  
High negative correlations   
DOC2
- 0.87
T2K1
DOC2
- 0.81
3QD
DOC2
- 0.81
HYI
D0D
- 0.71
HYI
D0D
- 0.68
T2K1
PUP0
- 0.68
T2K1

Risk-Adjusted Indicators

There is a big difference between Carrefour Stock performing well and Carrefour 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 Carrefour'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Carrefour 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.

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Carrefour Corporate Management

Elected by the shareholders, the Carrefour's board of directors comprises two types of representatives: Carrefour inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Carrefour. The board's role is to monitor Carrefour's management team and ensure that shareholders' interests are well served. Carrefour'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, Carrefour's outside directors are responsible for providing unbiased perspectives on the board's policies.
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