Compugroup Medical Correlations
| COP Stock | EUR 22.30 0.00 0.00% |
The current 90-days correlation between Compugroup Medical and Penn National Gaming is -0.04 (i.e., Good diversification). The correlation of Compugroup Medical 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.
Compugroup Medical Correlation With Market
Good diversification
The correlation between Compugroup Medical SE and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Compugroup Medical SE and DJI in the same portfolio, assuming nothing else is changed.
Compugroup |
The ability to find closely correlated positions to Compugroup Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Compugroup Medical 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 Compugroup Medical - 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 Compugroup Medical SE to buy it.
Moving together with Compugroup Stock
Moving against Compugroup Stock
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| 0.58 | SON1 | Sony Group Corp | PairCorr |
| 0.52 | ALV | Allianz SE | PairCorr |
| 0.47 | VOL4 | VOLVO B UNSPADR | PairCorr |
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Related Correlations Analysis
| -0.73 | 0.92 | 0.13 | 0.54 | 0.83 | 0.62 | PN1 | ||
| -0.73 | -0.69 | -0.01 | -0.33 | -0.77 | -0.45 | FXL | ||
| 0.92 | -0.69 | 0.09 | 0.52 | 0.81 | 0.6 | PN1 | ||
| 0.13 | -0.01 | 0.09 | 0.45 | -0.02 | 0.35 | QA7 | ||
| 0.54 | -0.33 | 0.52 | 0.45 | 0.58 | 0.51 | FH0 | ||
| 0.83 | -0.77 | 0.81 | -0.02 | 0.58 | 0.6 | 5HS | ||
| 0.62 | -0.45 | 0.6 | 0.35 | 0.51 | 0.6 | 8P7 | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Compugroup Stock performing well and Compugroup Medical 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 Compugroup Medical'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PN1 | 2.21 | 0.33 | 0.09 | 0.87 | 2.19 | 6.05 | 15.97 | |||
| FXL | 0.77 | 0.01 | 0.00 | 0.13 | 0.00 | 0.90 | 4.94 | |||
| PN1 | 2.27 | 0.49 | 0.07 | (0.49) | 2.51 | 5.13 | 20.73 | |||
| QA7 | 1.72 | 0.01 | (0.01) | 0.19 | 2.15 | 5.26 | 11.15 | |||
| FH0 | 2.14 | 0.35 | 0.05 | (4.03) | 2.42 | 6.80 | 22.86 | |||
| 5HS | 1.29 | 0.46 | 0.24 | 2.66 | 0.86 | 3.23 | 8.19 | |||
| 8P7 | 1.62 | 0.28 | 0.00 | (0.22) | 1.92 | 3.68 | 12.00 |
Compugroup Medical 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 Compugroup Medical stock to make a market-neutral strategy. Peer analysis of Compugroup Medical could also be used in its relative valuation, which is a method of valuing Compugroup Medical by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Compugroup Medical Corporate Management
Elected by the shareholders, the Compugroup Medical's board of directors comprises two types of representatives: Compugroup Medical inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Compugroup. The board's role is to monitor Compugroup Medical's management team and ensure that shareholders' interests are well served. Compugroup Medical'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, Compugroup Medical's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Helge Wei | VP Connectivity | Profile | |
| Angela Teufer | Connectivity DACH | Profile | |
| Hannes Reichl | MD Board | Profile | |
| Alexander Weimer | Head Communications | Profile | |
| Michael Franz | Co Communication | Profile | |
| Oliver Bruzek | Chief Affairs | Profile | |
| MBA LLM | MD CFO | Profile |