AIXTRON SE Correlations

Pink Sheets . USA . 
Stock . AIXTRON SE
AIXXF Stock  USD 19.46  0.26  1.35%   
The current 90-days correlation between AIXTRON SE and Asm Pacific Technology is 0.03 (i.e., Significant diversification). The correlation of AIXTRON SE 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.

AIXTRON SE Correlation With Market

Significant diversification

The correlation between AIXTRON SE and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AIXTRON SE and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to AIXTRON SE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AIXTRON SE 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 AIXTRON SE - 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 AIXTRON SE to buy it.

Moving together with AIXTRON Pink Sheet

  0.8ASML ASML Holding NVPairCorr
  0.81ASMLF ASML Holding NVPairCorr
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  0.92TOELF Tokyo ElectronPairCorr
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  0.92LSRCY LasertecPairCorr
  0.83CICHF China Construction BankPairCorr
  0.84IGI Western Asset InvestmentPairCorr
  0.79SPGI SP GlobalPairCorr
  0.84BKNG Booking HoldingsPairCorr
  0.72TORO ToroPairCorr
  0.61BBVXF Banco Bilbao VizcayaPairCorr
  0.65LAES SEALSQ Corp Aggressive PushPairCorr
  0.7UI Ubiquiti NetworksPairCorr
  0.94SWKHL SWK HoldingsPairCorr
  0.87SUMCF Sumco Tech BoostPairCorr
  0.85TDG Transdigm GroupPairCorr
  0.7IRM Iron MountainPairCorr
  0.9AMSC American SuperconductorPairCorr
  0.71USB-PP US BancorpPairCorr
  0.87VMI Valmont Industries Earnings Call TodayPairCorr
  0.75PSA-PH Public Storage Earnings Call This WeekPairCorr
  0.81NEE-PT NextEra Energy, Earnings Call TodayPairCorr
  0.9MSFT Microsoft Aggressive PushPairCorr
  0.7VNO-PL Vornado Realty TrustPairCorr
  0.73PANW Palo Alto NetworksPairCorr
  0.95ORCL Oracle Aggressive PushPairCorr

Moving against AIXTRON Pink Sheet

  0.4992346MCY5 US92346MCY57PairCorr
  0.46582839AG1 MEAD JOHNSON NUTRITIONPairCorr

Related Correlations Analysis

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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   
BESIY
+ 0.87
ASMLF
VECO
+ 0.84
ASMLF
HDGHF
+ 0.84
ASYS
HDGHF
+ 0.84
BESIY
VECO
+ 0.82
ASMVY
BESIY
+ 0.82
ASYS
  
High negative correlations   
FGPHF
- 0.83
BESIY
FGPHF
- 0.82
ASYS
FGPHF
- 0.79
ASMLF
VECO
- 0.74
FGPHF
FGPHF
- 0.72
ASMVY
HDGHF
- 0.71
FGPHF

Risk-Adjusted Indicators

There is a big difference between AIXTRON Pink Sheet performing well and AIXTRON SE 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 AIXTRON SE'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in AIXTRON SE 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.

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AIXTRON SE Corporate Management

Charles RussellChief OfficerProfile
Christian DanningerCFO BoardProfile
Jochen LinckCOO CTOProfile
Felix GrawertMember of the Executive BoardProfile
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