OC Oerlikon Correlations
| OERL Stock | CHF 3.72 0.02 0.53% |
The current 90-days correlation between OC Oerlikon Corp and Emmi AG is 0.02 (i.e., Significant diversification). The correlation of OC Oerlikon 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.
OC Oerlikon Correlation With Market
Significant diversification
The correlation between OC Oerlikon Corp and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OC Oerlikon Corp and DJI in the same portfolio, assuming nothing else is changed.
OERL |
The ability to find closely correlated positions to OC Oerlikon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace OC Oerlikon 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 OC Oerlikon - 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 OC Oerlikon Corp to buy it.
Moving together with OERL Stock
| 0.9 | INRN | Interroll Holding | PairCorr |
| 0.88 | KOMN | Komax Holding AG | PairCorr |
| 0.67 | SNBN | Schweizerische Nationalbank | PairCorr |
| 0.89 | NESN | Nestl SA | PairCorr |
| 0.79 | NOVN | Novartis AG | PairCorr |
Moving against OERL Stock
| 0.89 | BCHN | Burckhardt Compression | PairCorr |
| 0.87 | UBSG | UBS Group AG | PairCorr |
| 0.84 | BAER | Julius Baer Gruppe | PairCorr |
| 0.81 | SCHN | Schindler Holding | PairCorr |
| 0.79 | SLHN | Swiss Life Holding Earnings Call Today | PairCorr |
| 0.77 | SCHP | Schindler Ps | PairCorr |
| 0.71 | ZURN | Zurich Insurance | PairCorr |
| 0.55 | MMM | 3M Company | PairCorr |
| 0.47 | SREN | Swiss Re AG | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between OERL Stock performing well and OC Oerlikon 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 OC Oerlikon'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EMMN | 0.66 | (0.24) | 0.00 | (1.78) | 0.00 | 1.03 | 4.21 | |||
| EMSN | 0.83 | (0.21) | 0.00 | (6.35) | 0.00 | 1.41 | 5.11 | |||
| BARN | 1.11 | 0.02 | 0.00 | 0.08 | 0.00 | 2.33 | 14.26 | |||
| VACN | 1.53 | (0.36) | 0.00 | (3.46) | 0.00 | 2.36 | 13.29 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in OC Oerlikon 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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OC Oerlikon Corporate Management
Elected by the shareholders, the OC Oerlikon's board of directors comprises two types of representatives: OC Oerlikon inside directors who are chosen from within the company, and outside directors, selected externally and held independent of OERL. The board's role is to monitor OC Oerlikon's management team and ensure that shareholders' interests are well served. OC Oerlikon'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, OC Oerlikon's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Philipp Muller | Chief Officer | Profile | |
| Sara VermeulenAnastasi | Head Communications | Profile | |
| Stephan Gick | Head Relations | Profile | |
| Michael Suss | Ex Chairman | Profile | |
| Anna Ryzhova | Chief Officer | Profile | |
| Markus Tacke | Chief Division | Profile | |
| Georg Stausberg | CEO Officer | Profile |