Continental Correlations

CTTAY Stock

USD 6.65 0.02 0.30%

The current 90-days correlation between Continental AG PK and ATA Creativity Global is 0.05 (i.e., Significant diversification). The correlation of Continental 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Continental Correlation With Market

Modest diversification

The correlation between Continental AG PK and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Continental AG PK and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Continental could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Continental 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 Continental - 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 Continental AG PK to buy it.

Moving together with Continental Pink Sheet

0.72	CNOBP	ConnectOne Bancorp	Pair Corr
0.66	SAPMF	Saipem SpA	Pair Corr
0.75	AS	Amer Sports,	Pair Corr
0.75	YELP	Yelp Inc	Pair Corr
0.61	FRME	First Merchants Fiscal Year End 23rd of January 2025	Pair Corr
0.66	M	Macys Inc	Pair Corr
0.72	YPF	YPF Sociedad Anonima	Pair Corr
0.67	HUT	Hut 8 Corp	Pair Corr
0.72	FNMFO	Federal National Mortgage	Pair Corr
0.71	PWOD	Penns Woods Bancorp	Pair Corr
0.62	ZWS	Zurn Elkay Water	Pair Corr
0.71	MAR	Marriott International	Pair Corr

Moving against Continental Pink Sheet

0.73	IMHC	Imperalis Holding Corp	Pair Corr
0.73	EPGG	Empire Global Gaming	Pair Corr
0.41	CHHE	China Health Industries	Pair Corr
0.35	TPDDF	Talon Energy	Pair Corr
0.31	GBHPF	Global Hemp Group	Pair Corr
0.33	BYDDY	BYD Co	Pair Corr

Related Correlations Analysis

	AACG	APEI	EDTK	CLEU	PRDO	IH	ATGE	STRA
AACG		0.07	-0.46	-0.18	0.15	-0.02	0.24	0.01	AACG
APEI	0.07		-0.21	-0.91	0.97	-0.59	0.91	0.89	APEI
EDTK	-0.46	-0.21		0.33	-0.2	0.31	-0.28	-0.08	EDTK
CLEU	-0.18	-0.91	0.33		-0.89	0.7	-0.89	-0.76	CLEU
PRDO	0.15	0.97	-0.2	-0.89		-0.62	0.95	0.93	PRDO
IH	-0.02	-0.59	0.31	0.7	-0.62		-0.62	-0.57	IH
ATGE	0.24	0.91	-0.28	-0.89	0.95	-0.62		0.91	ATGE
STRA	0.01	0.89	-0.08	-0.76	0.93	-0.57	0.91		STRA
	AACG	APEI	EDTK	CLEU	PRDO	IH	ATGE	STRA

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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

PRDO	+ 0.97	APEI
ATGE	+ 0.95	PRDO
STRA	+ 0.93	PRDO
ATGE	+ 0.91	APEI
STRA	+ 0.91	ATGE
STRA	+ 0.89	APEI

High negative correlations

CLEU	- 0.91	APEI
ATGE	- 0.89	CLEU
PRDO	- 0.89	CLEU
STRA	- 0.76	CLEU
ATGE	- 0.62	IH
IH	- 0.62	PRDO

Risk-Adjusted Indicators

There is a big difference between Continental Pink Sheet performing well and Continental 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 Continental'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
AACG	2.75	0.76	0.25	0.81	2.24	(4.29)	7.94	(4.44)	31.69
APEI	1.88	0.48	0.20	0.29	1.95	(2.13)	5.63	(3.12)	21.66
EDTK	3.11	(0.04)	0.00	0.71	0.00	0.00	7.37	(5.61)	14.88
CLEU	3.54	(0.67)	0.00	4.15	0.00	0.00	11.11	(7.69)	28.10
PRDO	1.63	0.24	0.14	0.16	1.56	(1.93)	2.67	(2.67)	18.37
IH	2.65	0.20	0.05	(0.29)	2.81	(3.11)	6.16	(4.88)	22.95
ATGE	1.56	0.24	0.13	0.19	1.74	(1.74)	3.06	(2.83)	15.11
STRA	1.13	(0.03)	(0.01)	0.00	1.41	(1.22)	2.17	(2.22)	13.91

Be your own money manager

Our tools can tell you how much better you can do entering a position in Continental 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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Continental Corporate Management

Stefan Scholz	Member of the Supervisory Board, Employee Representative	Profile
Christian Kotz	Member of the Executive Board	Profile
Frank Jourdan	Member of the Executive Board, Chassis and Safety Division	Profile
Bernard Wang	IR Contact Officer	Profile
Anna Fischer	Head Relations	Profile
Helmut Matschi	Member of Executive Board	Profile
Ariane Reinhart	Director Board	Profile

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