Euronext Correlations

Stocks . Germany . 
Stock . Euronext NV
ENXB Stock  EUR 105.70  0.60  0.56%   
The current 90-days correlation between Euronext NV and ASX Limited is 0.2 (i.e., Modest diversification). The correlation of Euronext 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.
  
The ability to find closely correlated positions to Euronext could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Euronext 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 Euronext - 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 Euronext NV to buy it.

Moving together with Euronext Stock

  0.87MX4A CME GroupPairCorr
  0.89LS4C London Stock ExchangePairCorr
  0.87DB1 Deutsche Brse AGPairCorr
  0.8263DA DEUTSCHE BOERSE ADRPairCorr
  0.66FHL Federal Home LoanPairCorr
  0.78SID State BankPairCorr
  0.87APC Apple IncPairCorr
  0.75OCBA Oversea Chinese BankingPairCorr
  0.77OM6 OReilly AutomotivePairCorr
  0.87BZZ Bank of MontrealPairCorr
  0.64BRYN Berkshire HathawayPairCorr
  0.68NSE Nomura HoldingsPairCorr
  0.79TL0 Tesla IncPairCorr
  0.691DH Clarkson PLCPairCorr
  0.61FR70 FAST RETAIL ADRPairCorr
  0.8UFH US Foods HoldingPairCorr
  0.72TSFA Taiwan SemiconductorPairCorr
  0.87APC Apple IncPairCorr
  0.62FTK flatexDEGIRO AGPairCorr
  0.79117 Arista Networks SplitPairCorr
  0.67TM5 T MobilePairCorr
  0.62KEY KeyCorpPairCorr

Moving against Euronext Stock

  0.45LLD2 Lloyds Banking GroupPairCorr
  0.36TKDA Takeda PharmaceuticalPairCorr

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   
ENXB
+ 0.89
LS4C
LS4C
+ 0.88
MX4A
ENXB
+ 0.87
MX4A
ENXB
+ 0.82
63DA
63DA
+ 0.78
LS4C
63DA
+ 0.75
MX4A
  
High negative correlations   
ENXB
- 0.21
HK2C
9TX
- 0.2
HK2C
LS4C
- 0.16
HK2C
HK2C
- 0.07
MX4A
63DA
- 0.06
HK2C

Risk-Adjusted Indicators

There is a big difference between Euronext Stock performing well and Euronext 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 Euronext'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 Euronext 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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Euronext Corporate Management

Elected by the shareholders, the Euronext's board of directors comprises two types of representatives: Euronext inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Euronext. The board's role is to monitor Euronext's management team and ensure that shareholders' interests are well served. Euronext'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, Euronext's outside directors are responsible for providing unbiased perspectives on the board's policies.
Isabel UchaCEO BoardProfile
Simone VeldCEO BoardProfile
Stphane BoujnahChairman CEOProfile
Delphine dAmarzitCEO BoardProfile
Giorgio ModicaChief OfficerProfile
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