Argen X Correlations
| 1AE Stock | EUR 690.20 2.60 0.38% |
The current 90-days correlation between Argen X and Superior Plus Corp is -0.19 (i.e., Good diversification). The correlation of Argen X 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.
Argen X Correlation With Market
Pay attention - limited upside
The correlation between Argen X and DJI is -0.79 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Argen X and DJI in the same portfolio, assuming nothing else is changed.
Argen |
The ability to find closely correlated positions to Argen X could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Argen X 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 Argen X - 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 Argen X to buy it.
Moving together with Argen Stock
Moving against Argen Stock
| 0.85 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.78 | XSI | Sanyo Chemical Industries | PairCorr |
| 0.77 | NEF | NESTE OIL | PairCorr |
| 0.77 | 4OQ1 | AGNC Investment Corp | PairCorr |
| 0.77 | E908 | Lyxor 1 | PairCorr |
| 0.74 | H3M | Hochschild Mining plc | PairCorr |
| 0.72 | FTD | FINDE TUBIZE ACTNOUV | PairCorr |
| 0.65 | HHX | HAMMONIA Schiffsholding | PairCorr |
| 0.65 | CU3 | Cohu Inc Earnings Call Tomorrow | PairCorr |
| 0.62 | 2MF | MOBILE FACTORY INC | PairCorr |
| 0.6 | T1A | Treasure ASA | PairCorr |
| 0.55 | UUEC | United Utilities | PairCorr |
| 0.54 | 8SF | SLIGRO FOOD GROUP | PairCorr |
| 0.52 | QBE | QBE Insurance Group | PairCorr |
| 0.47 | MUM | Mensch und Maschine | PairCorr |
| 0.42 | GSR | Gossan Resources | PairCorr |
| 0.41 | MM2 | Mercator Medical | PairCorr |
| 0.41 | QIA | QIAGEN NV Split | PairCorr |
| 0.39 | WAC | Wacker Neuson SE | PairCorr |
| 0.33 | EUX | EUWAX Aktiengesellschaft | PairCorr |
Related Correlations Analysis
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
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Risk-Adjusted Indicators
There is a big difference between Argen Stock performing well and Argen X 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 Argen X'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 94P | 1.87 | (0.03) | 0.00 | (0.30) | 0.00 | 3.44 | 11.80 | |||
| 8SP | 1.47 | (0.12) | 0.00 | (0.19) | 0.00 | 4.67 | 21.96 | |||
| INL | 3.27 | 0.26 | 0.06 | 0.27 | 4.24 | 8.76 | 24.14 | |||
| VOW | 0.75 | 0.21 | 0.08 | (2.23) | 0.66 | 2.12 | 6.95 | |||
| BTC1 | 2.22 | (0.67) | 0.00 | (0.87) | 0.00 | 3.90 | 14.40 | |||
| RRU | 1.94 | 0.14 | 0.03 | 0.71 | 2.15 | 3.53 | 9.23 | |||
| RS6 | 1.21 | 0.26 | 0.19 | 0.70 | 0.84 | 3.18 | 5.55 | |||
| 9K1 | 1.40 | 0.16 | 0.02 | (0.22) | 1.65 | 3.05 | 12.62 | |||
| 3RKU | 2.27 | 0.00 | (0.02) | 0.07 | 2.62 | 4.61 | 13.45 | |||
| 9TO | 2.05 | 0.51 | 0.18 | (49.57) | 1.89 | 5.26 | 13.02 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Argen X 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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ETF CategoriesList of ETF categories grouped based on various criteria, such as the investment strategy or type of investments |
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Argen X Corporate Management
Elected by the shareholders, the Argen X's board of directors comprises two types of representatives: Argen X inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Argen. The board's role is to monitor Argen X's management team and ensure that shareholders' interests are well served. Argen X'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, Argen X's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Anthony Rosenberg | Non-Executive Independent Director | Profile | |
| Karen Massey | Chief Officer | Profile | |
| Beth DelGiacco | VP Relations | Profile | |
| Filip Borgions | VP Operations | Profile | |
| Arjen MSc | Vice Strategy | Profile |