Aurubis AG Correlations

Stocks . Germany . 
Stock . Aurubis AG
NDA Stock  EUR 78.05  1.55  1.95%   
The current 90-days correlation between Aurubis AG and Broadcom is -0.12 (i.e., Good diversification). The correlation of Aurubis AG 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.

Aurubis AG Correlation With Market

Good diversification

The correlation between Aurubis AG and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aurubis AG and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Aurubis AG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aurubis AG 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 Aurubis AG - 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 Aurubis AG to buy it.

Moving together with Aurubis Stock

  0.94NDA1 AURUBIS AG UNSPADRPairCorr
  1.0NDA Aurubis AGPairCorr
  0.8KEY KeyCorpPairCorr
  0.81VA7A VERISK ANLYTCS APairCorr
  0.82M4I MastercardPairCorr
  0.81ENR Siemens Energy AGPairCorr
  0.69WX7 Corporate Office ProPairCorr
  0.72HIP Park Hotels ResortsPairCorr
  0.87CQD Charter CommunicationsPairCorr
  0.75DC4 DexCom IncPairCorr
  0.66BRYN Berkshire HathawayPairCorr
  0.9ADH2 Air CanadaPairCorr
  0.83HI91 Hilton Worldwide HoldingsPairCorr
  0.70XHR Xenia Hotels ResortsPairCorr
  0.8SK3 Smurfit Kappa GroupPairCorr
  0.85PCG6 PG E P6PairCorr
  0.77OM6 OReilly AutomotivePairCorr
  0.89QAN Qantas AirwaysPairCorr
  0.82WX1 Acadia Realty TrustPairCorr

Moving against Aurubis Stock

  0.79KGHA KGHM Polska MiedzPairCorr
  0.73FG1 Antofagasta plcPairCorr
  0.67FPMB Freeport McMoRanPairCorr
  0.55PCU Southern Copper SplitPairCorr
  0.484OV Iron Road LimitedPairCorr
  0.4S2Z Sandfire ResourcesPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
BMU
+ 0.88
ROW
MEC
+ 0.81
BMU
MEC
+ 0.81
E6U
MEC
+ 0.78
ROW
8L8
+ 0.76
ROW
8L8
+ 0.76
BMU
  
High negative correlations   
ME5A
- 0.18
8L8

Risk-Adjusted Indicators

There is a big difference between Aurubis Stock performing well and Aurubis AG 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 Aurubis AG'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 Aurubis AG 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?

Run Top Crypto Exchanges Now

   

Top Crypto Exchanges

Search and analyze digital assets across top global cryptocurrency exchanges
All  Next Launch Module

Aurubis AG Corporate Management

Elected by the shareholders, the Aurubis AG's board of directors comprises two types of representatives: Aurubis AG inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aurubis. The board's role is to monitor Aurubis AG's management team and ensure that shareholders' interests are well served. Aurubis AG'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, Aurubis AG's outside directors are responsible for providing unbiased perspectives on the board's policies.
Andreas SpechtHead HamburgProfile
Roland HaringsCEO BoardProfile
Elke BrinkmannHead RelationsProfile
Herr VerhoevenCFO BoardProfile
Thomas SturmHead DevelProfile
Heiko ArnoldCOO BoardProfile
Adelbert LossinDev ResearchProfile
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY