Ramsay Générale Correlations
| GD6 Stock | EUR 12.30 0.10 0.81% |
The correlation of Ramsay Générale 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ramsay Générale moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ramsay Gnrale de moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Significant diversification
The correlation between Ramsay Gnrale de and NYA is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ramsay Gnrale de and NYA in the same portfolio, assuming nothing else is changed.
Ramsay |
The ability to find closely correlated positions to Ramsay Générale could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ramsay Générale 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 Ramsay Générale - 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 Ramsay Gnrale de to buy it.
Moving together with Ramsay Stock
| 0.88 | HUM | Humana Inc | PairCorr |
| 0.62 | 5M0B | Medicover AB | PairCorr |
| 0.82 | APC | Apple Inc Earnings Call Today | PairCorr |
| 0.82 | APC | Apple Inc Earnings Call Today | PairCorr |
| 0.81 | APC | Apple Inc Earnings Call Today | PairCorr |
| 0.83 | APC | Apple Inc Earnings Call Today | PairCorr |
| 0.81 | APC | Apple Inc Earnings Call Today | PairCorr |
| 0.82 | APC | Apple Inc Earnings Call Today | PairCorr |
| 0.82 | DBPD | Xtrackers ShortDAX | PairCorr |
Moving against Ramsay Stock
| 0.82 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.8 | KGHA | KGHM Polska Miedz | PairCorr |
| 0.49 | MSF | Microsoft | PairCorr |
| 0.46 | MSF | Microsoft | PairCorr |
| 0.45 | MSF | Microsoft | PairCorr |
| 0.45 | MSF | Microsoft | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in Ramsay Générale 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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Ramsay Générale Corporate Management
Elected by the shareholders, the Ramsay Générale's board of directors comprises two types of representatives: Ramsay Générale inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ramsay. The board's role is to monitor Ramsay Générale's management team and ensure that shareholders' interests are well served. Ramsay Générale'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, Ramsay Générale's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Brigitte Cachon | Brand Communication | Profile | |
| Pierre Duperat | Director Risks | Profile | |
| Laurence PinotLacan | Group Director | Profile | |
| Jerome Brice | Group Officer | Profile | |
| Georges Ichkanian | Hr Director | Profile | |
| Jamel Ouanda | Deputy Projects | Profile | |
| Pascal Roche | CEO Director | Profile |
Already Invested in Ramsay Gnrale de?
The danger of trading Ramsay Gnrale de is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Ramsay Générale is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Ramsay Générale. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ramsay Gnrale de is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ramsay Gnrale de. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Ramsay Stock analysis
When running Ramsay Générale's price analysis, check to measure Ramsay Générale's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ramsay Générale is operating at the current time. Most of Ramsay Générale's value examination focuses on studying past and present price action to predict the probability of Ramsay Générale's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ramsay Générale's price. Additionally, you may evaluate how the addition of Ramsay Générale to your portfolios can decrease your overall portfolio volatility.
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