Athens Water Correlations
| EYDAP Stock | EUR 5.89 0.05 0.86% |
The current 90-days correlation between Athens Water Supply and Hellenic Petroleum SA is 0.28 (i.e., Modest diversification). The correlation of Athens Water 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.
Athens Water Correlation With Market
Average diversification
The correlation between Athens Water Supply and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Athens Water Supply and DJI in the same portfolio, assuming nothing else is changed.
Athens |
The ability to find closely correlated positions to Athens Water could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Athens Water 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 Athens Water - 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 Athens Water Supply to buy it.
Moving against Athens Stock
| 0.48 | ELLAKTOR | Ellaktor SA | PairCorr |
| 0.42 | PRODEA | Prodea Real Estate | PairCorr |
| 0.31 | EXAE | Hellenic Exchanges | PairCorr |
Related Correlations Analysis
| 0.7 | 0.25 | -0.14 | 0.13 | ELPE | ||
| 0.7 | 0.38 | 0.28 | 0.03 | MYTIL | ||
| 0.25 | 0.38 | 0.33 | -0.03 | HTO | ||
| -0.14 | 0.28 | 0.33 | -0.2 | PPC | ||
| 0.13 | 0.03 | -0.03 | -0.2 | OPAP | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Athens Stock performing well and Athens Water 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 Athens Water'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ELPE | 0.75 | (0.07) | 0.00 | (0.17) | 0.00 | 1.45 | 4.89 | |||
| MYTIL | 1.09 | (0.12) | 0.00 | (0.29) | 0.00 | 2.17 | 7.46 | |||
| HTO | 1.06 | 0.02 | (0.04) | 0.34 | 1.68 | 2.18 | 6.55 | |||
| PPC | 1.28 | 0.00 | (0.05) | 0.09 | 1.76 | 2.79 | 9.18 | |||
| OPAP | 0.75 | 0.04 | (0.12) | (0.05) | 0.82 | 2.18 | 4.91 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Athens Water 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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Athens Water Corporate Management
Elected by the shareholders, the Athens Water's board of directors comprises two types of representatives: Athens Water inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Athens. The board's role is to monitor Athens Water's management team and ensure that shareholders' interests are well served. Athens Water'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, Athens Water's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Anastasios Tossios | Deputy Director | Profile | |
| Eleni Spyropoulou | Director Fin | Profile | |
| Katerina Vlastari | Ex HR | Profile | |
| O Panagiotopoulou | Director Admin | Profile | |
| Christina Kontaratou | Head Service | Profile | |
| Leventi Maria | CFO Department | Profile | |
| Ioannis Moutzouridis | Director Directors | Profile |