Munic SA Correlations
| ALMUN Stock | EUR 0.49 0.03 5.77% |
The current 90-days correlation between Munic SA and Kerlink SAS is 0.02 (i.e., Significant diversification). The correlation of Munic 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 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.
Munic SA Correlation With Market
Good diversification
The correlation between Munic SA and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Munic SA and DJI in the same portfolio, assuming nothing else is changed.
Munic |
The ability to find closely correlated positions to Munic 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 Munic 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 Munic 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 Munic SA to buy it.
Moving against Munic Stock
| 0.74 | TTE | TotalEnergies SE | PairCorr |
| 0.73 | AL2SI | 2CRSI SA | PairCorr |
| 0.71 | CA | Carrefour SA | PairCorr |
| 0.69 | GET | Getlink SE | PairCorr |
| 0.67 | TAYN | Societe de Tayninh | PairCorr |
| 0.6 | KOF | Kaufman Et Broad | PairCorr |
| 0.59 | EFG | Eagle Football Group | PairCorr |
| 0.58 | ALDBT | DBT SA | PairCorr |
| 0.56 | ALKLA | Klarsen SA | PairCorr |
| 0.5 | ALKAL | Kalray SA | PairCorr |
| 0.49 | ALREA | Realites | PairCorr |
| 0.47 | ACA | Credit Agricole SA | PairCorr |
| 0.42 | BNP | BNP Paribas SA | PairCorr |
| 0.87 | MTU | Manitou BF SA Earnings Call This Week | PairCorr |
| 0.83 | AI | Air Liquide SA | PairCorr |
| 0.8 | LR | Legrand SA | PairCorr |
| 0.74 | URW | Unibail Rodamco Westfield | PairCorr |
| 0.71 | ORA | Orange SA | PairCorr |
| 0.63 | FNAC | Fnac Darty SA | PairCorr |
| 0.61 | ALTA | Altarea SCA | PairCorr |
| 0.6 | MLAA | L Agence Automobiliere | PairCorr |
| 0.53 | ALPOU | Poulaillon SA | PairCorr |
| 0.51 | RXL | Rexel SA | PairCorr |
| 0.51 | ALHG | Louis HachEtte Group | PairCorr |
| 0.45 | LI | Klepierre SA | 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Munic Stock performing well and Munic SA 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 Munic SA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ALKLK | 2.63 | (0.08) | 0.00 | (0.04) | 0.00 | 6.25 | 23.53 | |||
| ALNRG | 3.87 | 0.19 | 0.03 | 0.43 | 4.13 | 10.00 | 25.21 | |||
| PROAC | 4.98 | 0.07 | 0.01 | 0.11 | 5.95 | 14.89 | 56.43 | |||
| MLLOI | 2.44 | 0.10 | 0.00 | (0.18) | 3.94 | 10.74 | 27.22 | |||
| ALNN6 | 2.96 | (0.13) | 0.00 | (1.47) | 0.00 | 5.60 | 30.52 | |||
| ALENT | 3.28 | (0.35) | 0.00 | 3.80 | 0.00 | 7.74 | 19.31 | |||
| FPG | 1.17 | (0.10) | 0.00 | (1.02) | 0.00 | 7.69 | 17.42 | |||
| ALGEC | 1.54 | (0.08) | 0.00 | (0.29) | 0.00 | 4.81 | 12.04 | |||
| MLIDS | 2.96 | 0.19 | 0.01 | (0.14) | 4.45 | 9.76 | 38.24 | |||
| ALORD | 3.09 | 0.09 | 0.02 | 0.16 | 3.16 | 6.38 | 14.22 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Munic 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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Positions RatingsDetermine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Munic SA Corporate Management
Elected by the shareholders, the Munic SA's board of directors comprises two types of representatives: Munic SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Munic. The board's role is to monitor Munic SA's management team and ensure that shareholders' interests are well served. Munic 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, Munic SA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Frederic Nguyen | Technical Director | Profile | |
| Aaron Solomon | General Board | Profile | |
| Yann Paranthoen | Founder Director | Profile | |
| Henri Gravereaux | Adm Director | Profile | |
| Thomas Hallauer | Marketing Director | Profile |