SCHALTBAU HOLDING Correlations

SLT Stock

EUR 59.50 1.00 1.71%

The current 90-days correlation between SCHALTBAU HOLDING and DATAGROUP SE is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SCHALTBAU HOLDING moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SCHALTBAU HOLDING moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SCHALTBAU HOLDING Correlation With Market

Significant diversification

The correlation between SCHALTBAU HOLDING and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SCHALTBAU HOLDING and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to SCHALTBAU HOLDING could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SCHALTBAU HOLDING 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 SCHALTBAU HOLDING - 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 SCHALTBAU HOLDING to buy it.

Moving against SCHALTBAU Stock

0.36	HYU	Hyundai Motor	Pair Corr
0.35	HYU	Hyundai Motor	Pair Corr
0.35	DBPD	Xtrackers ShortDAX	Pair Corr
0.34	HYU	Hyundai Motor	Pair Corr

Related Correlations Analysis

	SC3	MLT	D6H	PUP0	85S	BJI	3QD
SC3		0.08	0.47	-0.22	-0.35	0.01	0.79	SC3
MLT	0.08		0.06	-0.05	0.19	0.19	0.25	MLT
D6H	0.47	0.06		-0.17	-0.56	0.3	0.73	D6H
PUP0	-0.22	-0.05	-0.17		0.54	0.32	-0.32	PUP0
85S	-0.35	0.19	-0.56	0.54		0.44	-0.41	85S
BJI	0.01	0.19	0.3	0.32	0.44		0.12	BJI
3QD	0.79	0.25	0.73	-0.32	-0.41	0.12		3QD
	SC3	MLT	D6H	PUP0	85S	BJI	3QD

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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

3QD	+ 0.79	SC3
3QD	+ 0.73	D6H
85S	+ 0.54	PUP0
D6H	+ 0.47	SC3
BJI	+ 0.44	85S
BJI	+ 0.32	PUP0

High negative correlations

85S	- 0.56	D6H
3QD	- 0.41	85S
85S	- 0.35	SC3
3QD	- 0.32	PUP0
PUP0	- 0.22	SC3
PUP0	- 0.17	D6H

Risk-Adjusted Indicators

There is a big difference between SCHALTBAU Stock performing well and SCHALTBAU HOLDING 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 SCHALTBAU HOLDING'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
SC3	1.69	0.25	0.14	0.36	1.62	(2.18)	3.88	(2.76)	13.17
MLT	1.67	0.22	0.05	(2.08)	1.84	(1.82)	3.24	(3.34)	14.16
D6H	1.72	0.30	0.09	(2.04)	1.72	(2.06)	3.85	(3.29)	13.89
PUP0	0.80	(0.07)	(0.09)	0.01	0.88	(1.07)	1.84	(1.20)	5.42
85S	1.36	(0.24)	0.00	(0.11)	0.00	0.00	2.50	(2.65)	19.59
BJI	1.96	0.29	0.02	(0.54)	2.42	(6.72)	6.25	(5.88)	21.11
3QD	1.88	0.56	0.30	0.57	1.38	(2.24)	6.16	(2.79)	12.03

Be your own money manager

Our tools can tell you how much better you can do entering a position in SCHALTBAU HOLDING 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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SCHALTBAU HOLDING Corporate Management

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

Thomas Milewski	Head Division	Profile
Steffen Munz	CFO Board	Profile
Kai Holtmann	Head Communications	Profile
Albrecht Khler	Advisor	Profile
Jurgen Brandes	CEO Board	Profile

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