Autoneum Holding Correlations
| ATNNF Stock | USD 188.00 0.00 0.00% |
The correlation of Autoneum Holding 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.
Autoneum Holding Correlation With Market
Significant diversification
The correlation between Autoneum Holding AG and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Autoneum Holding AG and DJI in the same portfolio, assuming nothing else is changed.
Autoneum |
The ability to find closely correlated positions to Autoneum Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Autoneum Holding 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 Autoneum Holding - 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 Autoneum Holding AG to buy it.
Moving together with Autoneum OTC Stock
| 0.7 | MTSUY | Mitsubishi | PairCorr |
| 0.81 | BMO | Bank of Montreal | PairCorr |
| 0.63 | M | Macys Inc | PairCorr |
| 0.62 | RAPP | Rapport Therapeutics, | PairCorr |
Moving against Autoneum OTC Stock
| 0.53 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.44 | PBCRY | Bank Central Asia | PairCorr |
| 0.39 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.38 | BKRKY | Bank Rakyat | PairCorr |
| 0.34 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.31 | TKCM | Token Communities | PairCorr |
| 0.39 | ATDS | Data443 Risk Mitigation | 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 Autoneum OTC Stock performing well and Autoneum Holding OTC Stock 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 Autoneum Holding'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TIANF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EDDRF | 0.84 | (0.26) | 0.00 | (0.31) | 0.00 | 0.38 | 13.44 | |||
| DMPZF | 0.46 | (0.23) | 0.00 | 2.10 | 0.00 | 0.00 | 7.27 | |||
| GRUPF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JDWPY | 0.49 | (0.25) | 0.00 | (2.07) | 0.00 | 0.00 | 13.29 | |||
| DPUKY | 1.51 | (0.25) | 0.00 | 0.65 | 0.00 | 3.88 | 9.51 | |||
| PIAGF | 1.13 | (0.13) | 0.00 | (0.13) | 0.00 | 2.27 | 14.43 | |||
| SERNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CYYHF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FOVSY | 1.39 | (0.33) | 0.00 | (0.58) | 0.00 | 0.00 | 30.61 |
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Autoneum Holding Corporate Management
Elected by the shareholders, the Autoneum Holding's board of directors comprises two types of representatives: Autoneum Holding inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Autoneum. The board's role is to monitor Autoneum Holding's management team and ensure that shareholders' interests are well served. Autoneum Holding'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, Autoneum Holding's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Matthias Holzammer | Head of Bus. Group Europe and Member of the Group Executive Board | Profile | |
| Andreas Kolf | Member of the Management Board, Head of Business Group Asia | Profile | |
| Alexandra Bendler | Member of the Management Board, Head of Business Group Europe | Profile | |
| Bernhard Weber | Head IR | Profile | |
| Anahid Rickmann | Head Responsibility | Profile | |
| Fausto Bigi | Member of the Management Board, Head of Business Group SAMEA | Profile | |
| Greg Sibley | Head Board | Profile |