Adval Tech Correlations
| ADVN Stock | CHF 37.60 0.40 1.05% |
The current 90-days correlation between Adval Tech Holding and Cicor Technologies is -0.05 (i.e., Good diversification). The correlation of Adval Tech 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.
Adval Tech Correlation With Market
Average diversification
The correlation between Adval Tech Holding and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Adval Tech Holding and DJI in the same portfolio, assuming nothing else is changed.
Adval |
The ability to find closely correlated positions to Adval Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adval Tech 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 Adval Tech - 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 Adval Tech Holding to buy it.
Moving against Adval Stock
| 0.49 | UBSG | UBS Group AG | PairCorr |
| 0.44 | SIGN | SIG Combibloc Group | PairCorr |
| 0.34 | BAER | Julius Baer Gruppe | PairCorr |
Related Correlations Analysis
| -0.31 | 0.3 | 0.69 | -0.7 | FTON | ||
| -0.31 | -0.75 | -0.35 | 0.74 | ALSN | ||
| 0.3 | -0.75 | 0.35 | -0.65 | ALLN | ||
| 0.69 | -0.35 | 0.35 | -0.59 | FORN | ||
| -0.7 | 0.74 | -0.65 | -0.59 | CICN | ||
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 Adval Stock performing well and Adval Tech 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 Adval Tech'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FTON | 2.00 | 0.14 | 0.01 | (0.35) | 2.17 | 4.18 | 17.71 | |||
| ALSN | 0.84 | (0.17) | 0.00 | 0.70 | 0.00 | 1.43 | 5.12 | |||
| ALLN | 0.44 | 0.16 | 0.13 | 2.32 | 0.23 | 0.99 | 2.57 | |||
| FORN | 1.08 | 0.29 | 0.14 | (8.20) | 1.26 | 2.48 | 7.00 | |||
| CICN | 2.73 | (0.77) | 0.00 | (0.94) | 0.00 | 4.68 | 36.56 |
Adval Tech Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Adval Tech stock to make a market-neutral strategy. Peer analysis of Adval Tech could also be used in its relative valuation, which is a method of valuing Adval Tech by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Adval Tech Corporate Management
Elected by the shareholders, the Adval Tech's board of directors comprises two types of representatives: Adval Tech inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Adval. The board's role is to monitor Adval Tech's management team and ensure that shareholders' interests are well served. Adval Tech'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, Adval Tech's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ren Rothen | CEO Chairman | Profile | |
| Ralf Ostheider | SystemsStamping Components | Profile | |
| Martin Osterode | Head Inc | Profile | |
| M Wolf | Head Division | Profile | |
| Ingrid Schaub | Ex Gmbh | Profile | |
| Rudolf Lthi | Head Division | Profile | |
| Daniel Schpbach | Head Ltd | Profile |