GEK TERNA Correlations
| GEKTERNA | EUR 16.78 0.28 1.70% |
The correlation of GEK TERNA 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 GEK TERNA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GEK TERNA Holdings 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.
Modest diversification
The correlation between GEK TERNA Holdings and NYA is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GEK TERNA Holdings and NYA in the same portfolio, assuming nothing else is changed.
GEK |
The ability to find closely correlated positions to GEK TERNA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GEK TERNA 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 GEK TERNA - 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 GEK TERNA Holdings to buy it.
Moving against GEK Stock
| 0.86 | REVOIL | Revoil SA | PairCorr |
| 0.84 | MIG | Marfin Investment | PairCorr |
| 0.83 | PRD | Proodeftiki SA | PairCorr |
| 0.7 | AVAX | Avax SA | PairCorr |
| 0.68 | MIN | J B Ladenis | PairCorr |
| 0.65 | ALMY | Alumil Aluminium Industry | PairCorr |
| 0.58 | PAIR | E Pairis SA | PairCorr |
Related Correlations Analysis
| -0.66 | -0.1 | -0.36 | -0.68 | MYTIL | ||
| -0.66 | 0.14 | 0.36 | 0.83 | TENERGY | ||
| -0.1 | 0.14 | 0.36 | 0.32 | OPAP | ||
| -0.36 | 0.36 | 0.36 | 0.58 | MOH | ||
| -0.68 | 0.83 | 0.32 | 0.58 | ELPE | ||
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between GEK Stock performing well and GEK TERNA 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 GEK TERNA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MYTIL | 1.03 | (0.08) | 0.00 | (0.12) | 0.00 | 2.54 | 6.76 | |||
| TENERGY | 1.21 | 0.24 | 0.12 | 0.57 | 1.26 | 3.26 | 12.57 | |||
| OPAP | 0.89 | 0.02 | (0.04) | 0.26 | 1.12 | 2.11 | 6.11 | |||
| MOH | 1.38 | 0.03 | 0.00 | 0.12 | 1.59 | 2.79 | 8.49 | |||
| ELPE | 1.00 | 0.24 | 0.13 | 4.32 | 0.91 | 2.38 | 6.09 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in GEK TERNA 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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GEK TERNA Corporate Management
Elected by the shareholders, the GEK TERNA's board of directors comprises two types of representatives: GEK TERNA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of GEK. The board's role is to monitor GEK TERNA's management team and ensure that shareholders' interests are well served. GEK TERNA'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, GEK TERNA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Nikolaos Valmas | Chief Accountant | Profile | |
| Dimitra Chatziarseniou | Company Service | Profile | |
| Georgios Peristeris | CEO Chairman | Profile | |
| Georgios Perdikaris | Ex Director | Profile | |
| Dimitrios Antonakos | Ex Director | Profile | |
| Michael Gourzis | Ex Chairman | Profile | |
| Emmanuel Moustakas | Ex Director | Profile |
Already Invested in GEK TERNA Holdings?
The danger of trading GEK TERNA Holdings 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 GEK TERNA 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 GEK TERNA. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile GEK TERNA Holdings 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 GEK TERNA Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the GEK TERNA Holdings information on this page should be used as a complementary analysis to other GEK TERNA's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for GEK Stock analysis
When running GEK TERNA's price analysis, check to measure GEK TERNA'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 GEK TERNA is operating at the current time. Most of GEK TERNA's value examination focuses on studying past and present price action to predict the probability of GEK TERNA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GEK TERNA's price. Additionally, you may evaluate how the addition of GEK TERNA to your portfolios can decrease your overall portfolio volatility.
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