GEA GROUP Correlations

Stocks Germany . 
Stock . GEA GROUP
G1A Stock  EUR 48.06  0.10  0.21%   
The current 90-days correlation between GEA GROUP and NORWEGIAN AIR SHUT is 0.2 (i.e., Modest diversification). The correlation of GEA GROUP 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.

GEA GROUP Correlation With Market

Average diversification

The correlation between GEA GROUP 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 GEA GROUP and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to GEA GROUP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GEA GROUP 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 GEA GROUP - 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 GEA GROUP to buy it.

Moving together with GEA Stock

  0.77SIEB SIEMENS AG SPPairCorr
  0.8SIE Siemens AktiengesellschaPairCorr
  0.81SIE Siemens AktiengesellschaPairCorr
  0.64WX1 Acadia Realty TrustPairCorr
  0.652WY Wyndham Hotels ResortsPairCorr
  0.81AZ5 AutoZonePairCorr
  0.68HI91 Hilton Worldwide HoldingsPairCorr
  0.612CDA Controladora Vuela CompaaPairCorr
  0.72SYY SyscoPairCorr
  0.84APC Apple IncPairCorr
  0.63UFH US FOODS HOLDINGPairCorr
  0.7PTX Palantir TechnologiesPairCorr
  0.764GE Grupo Mxico SABPairCorr
  0.69AQHE Event HospitalityPairCorr
  0.84APC Apple IncPairCorr

Moving against GEA Stock

  0.65VWSB Vestas Wind SystemsPairCorr
  0.62VWSB Vestas Wind SystemsPairCorr
  0.564OV Iron Road LimitedPairCorr
  0.443HB HYBRIGENICS APairCorr
  0.39RAA RATIONAL AktiengesellschaPairCorr
  0.33ACO Atlas Copco APairCorr
  0.4AXI Atos SEPairCorr

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   
E6Z
+ 0.95
WB2
PYA
+ 0.94
WB2
E6Z
+ 0.94
PYA
XFB
+ 0.65
NWC
XFB
+ 0.59
CAC1
AFW
+ 0.48
NWC
  
High negative correlations   
WB2
- 0.45
NWC
XFB
- 0.44
E6Z
E6Z
- 0.43
NWC
XFB
- 0.4
WB2
XFB
- 0.39
PYA
PYA
- 0.31
NWC

Risk-Adjusted Indicators

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

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