Talgo SA Correlations
| TLGO Stock | EUR 4.39 0.01 0.23% |
The correlation of Talgo SA 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 Talgo SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Talgo SA 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 Talgo SA and NYA is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Talgo SA and NYA in the same portfolio, assuming nothing else is changed.
Talgo |
The ability to find closely correlated positions to Talgo SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Talgo SA 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 Talgo SA - 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 Talgo SA to buy it.
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 Talgo SA 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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Talgo SA Corporate Management
Elected by the shareholders, the Talgo SA's board of directors comprises two types of representatives: Talgo SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Talgo. The board's role is to monitor Talgo SA's management team and ensure that shareholders' interests are well served. Talgo SA'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, Talgo SA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Javier Pieyro | IR Director | Profile | |
| Alvaro Echaniz | F Director | Profile | |
| Yolanda Garrido | HR Director | Profile | |
| Francisco Dominguez | Operational Director | Profile | |
| Diego Jimenez | Director Treasurer | Profile | |
| Mara Pea | Sec | Profile | |
| Gonzalo MBA | CEO Director | Profile |
Already Invested in Talgo SA?
The danger of trading Talgo SA 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 Talgo SA 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 Talgo SA. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Talgo SA 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Talgo SA. 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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for Talgo Stock analysis
When running Talgo SA's price analysis, check to measure Talgo SA'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 Talgo SA is operating at the current time. Most of Talgo SA's value examination focuses on studying past and present price action to predict the probability of Talgo SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Talgo SA's price. Additionally, you may evaluate how the addition of Talgo SA to your portfolios can decrease your overall portfolio volatility.
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