CREDIT AGRICOLE Correlations

Stocks . Germany . 
Stock . CREDIT AGRICOLE
XCA Stock  EUR 13.00  0.07  0.54%   
The current 90-days correlation between CREDIT AGRICOLE and Apple Inc is -0.01 (i.e., Good diversification). The correlation of CREDIT AGRICOLE 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.

CREDIT AGRICOLE Correlation With Market

Very good diversification

The correlation between CREDIT AGRICOLE and DJI is -0.37 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CREDIT AGRICOLE and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to CREDIT AGRICOLE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CREDIT AGRICOLE 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 CREDIT AGRICOLE - 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 CREDIT AGRICOLE to buy it.

Moving against CREDIT Stock

  0.8CYL CryoLifePairCorr
  0.73AMZ Amazon IncPairCorr
  0.66MSF MicrosoftPairCorr
  0.65MSF MicrosoftPairCorr
  0.64MSF MicrosoftPairCorr
  0.64MSF MicrosoftPairCorr
  0.64MSF MicrosoftPairCorr
  0.63APC Apple IncPairCorr
  0.63APC Apple IncPairCorr
  0.62APC Apple IncPairCorr
  0.62APC Apple IncPairCorr
  0.61WDC WESTERN DIGITALPairCorr
  0.59WDC WESTERN DIGITALPairCorr
  0.59WDC Western DigitalPairCorr
  0.58WDC WESTERN DIGITALPairCorr
  0.57WDC WESTERN DIGITALPairCorr
  0.9SK3 Smurfit Kappa GroupPairCorr
  0.86UFH US FOODS HOLDINGPairCorr
  0.85PPB Flutter Entertainment PLCPairCorr
  0.81EQN2 EquinixPairCorr
  0.8CYL CRYOLIFEPairCorr
  0.772T9A TRAINLINE PLC LSPairCorr
  0.772WY Wyndham Hotels ResortsPairCorr
  0.73KOMA KOMATSU LTD SPONSPairCorr
  0.71WX1 Acadia Realty TrustPairCorr
  0.66HXL HexcelPairCorr
  0.66AZ5 AutoZonePairCorr
  0.63APC Apple IncPairCorr
  0.624GE Grupo Mxico SABPairCorr
  0.56WX7 Corporate Office ProPairCorr
  0.46D4G Datametrex AI LimitedPairCorr
  0.31D2V PARKEN Sport EntertaPairCorr
  0.31TSFA Taiwan SemiconductorPairCorr
  0.88LIE Sun Life FinancialPairCorr
  0.83HIP Park Hotels ResortsPairCorr
  0.82PTX Palantir TechnologiesPairCorr
  0.82PNP PNC FinancialPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between CREDIT Stock performing well and CREDIT AGRICOLE 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 CREDIT AGRICOLE'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
APC  0.92  0.24  0.16  20.15  1.07 
(0.97)
 2.22 
(1.83)
 6.45 
APC  0.90  0.23  0.18  1.20  0.93 
(1.00)
 1.81 
(1.75)
 4.97 
APC  0.85  0.25  0.20  1.43  0.99 
(0.96)
 1.88 
(1.61)
 6.46 
APC  0.91  0.23  0.20  5.09  0.79 
(1.06)
 2.33 
(1.69)
 5.24 
MSF  0.96  0.10  0.05  0.39  1.44 
(0.98)
 2.46 
(1.92)
 9.09 
MSF  1.00  0.11  0.06  1.06  1.48 
(1.16)
 2.42 
(1.66)
 11.42 
MSF  1.04  0.09  0.05  1.34  1.36 
(1.18)
 2.35 
(1.75)
 9.11 
MSF  0.93  0.09  0.04 (9.07) 1.35 
(1.02)
 2.04 
(1.49)
 8.79 
MSF  0.96  0.11  0.07  0.58  1.24 
(1.17)
 2.55 
(1.46)
 8.71 
AMZ  1.23  0.37  0.23  1.71  1.09 
(1.33)
 2.87 
(1.73)
 9.60 

Be your own money manager

Our tools can tell you how much better you can do entering a position in CREDIT AGRICOLE 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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