FORIS AG Correlations

FRS Stock

EUR 3.14 0.02 0.64%

The current 90-days correlation between FORIS AG and Accenture plc is 0.01 (i.e., Significant diversification). The correlation of FORIS AG 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.

FORIS AG Correlation With Market

Very good diversification

The correlation between FORIS AG and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FORIS AG and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to FORIS AG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FORIS AG 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 FORIS AG - 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 FORIS AG to buy it.

Moving against FORIS Stock

0.5	317A	STINGRAY GROUP INC	Pair Corr
0.4	KIK	KIKKOMAN CORP	Pair Corr
0.36	TCW	TOKYU STRUCTION	Pair Corr
0.34	PAE	PACCAR	Pair Corr
0.43	TWZ	Trican Well Service Earnings Call This Week	Pair Corr
0.4	OYC	DELTA AIR LINES	Pair Corr
0.37	PRHA	Prosegur Compaa de	Pair Corr
0.36	MSI	Mitsui Chemicals	Pair Corr

Related Correlations Analysis

	WMT	WMT	AMZ1	AMZ	AMZ	BY6A	BY6	013A	013C	CSA
WMT		1.0	-0.36	-0.52	-0.54	-0.42	-0.51	-0.69	-0.66	-0.08	WMT
WMT	1.0		-0.37	-0.52	-0.54	-0.43	-0.52	-0.69	-0.66	-0.07	WMT
AMZ1	-0.36	-0.37		0.89	0.87	0.28	0.23	0.51	0.51	0.43	AMZ1
AMZ	-0.52	-0.52	0.89		0.99	0.36	0.38	0.69	0.71	0.52	AMZ
AMZ	-0.54	-0.54	0.87	0.99		0.34	0.4	0.7	0.71	0.52	AMZ
BY6A	-0.42	-0.43	0.28	0.36	0.34		0.89	0.56	0.6	0.19	BY6A
BY6	-0.51	-0.52	0.23	0.38	0.4	0.89		0.71	0.71	0.27	BY6
013A	-0.69	-0.69	0.51	0.69	0.7	0.56	0.71		0.94	0.32	013A
013C	-0.66	-0.66	0.51	0.71	0.71	0.6	0.71	0.94		0.29	013C
CSA	-0.08	-0.07	0.43	0.52	0.52	0.19	0.27	0.32	0.29		CSA
	WMT	WMT	AMZ1	AMZ	AMZ	BY6A	BY6	013A	013C	CSA

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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

WMT	+ 1.0	WMT
AMZ	+ 0.99	AMZ
013C	+ 0.94	013A
AMZ	+ 0.89	AMZ1
BY6	+ 0.89	BY6A
AMZ	+ 0.87	AMZ1

High negative correlations

013A	- 0.69	WMT
013A	- 0.69	WMT
013C	- 0.66	WMT
013C	- 0.66	WMT
AMZ	- 0.54	WMT
AMZ	- 0.54	WMT

Risk-Adjusted Indicators

There is a big difference between FORIS Stock performing well and FORIS AG 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 FORIS AG'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
WMT	1.20	0.35	0.29	0.66	0.73	(1.46)	3.26	(2.07)	9.82
WMT	1.22	0.35	0.26	1.11	0.89	(1.50)	3.77	(1.83)	10.70
AMZ1	2.71	(0.26)	0.00	(2.70)	0.00	0.00	6.37	(5.88)	23.77
AMZ	1.48	(0.35)	0.00	(0.90)	0.00	0.00	2.32	(2.94)	11.65
AMZ	1.35	(0.38)	0.00	(0.66)	0.00	0.00	2.25	(2.73)	9.94
BY6A	2.21	0.10	0.00	(0.12)	2.72	(2.50)	4.98	(4.50)	15.26
BY6	1.59	(0.07)	0.00	(0.06)	0.00	0.00	3.69	(3.04)	13.38
013A	1.29	(0.29)	0.00	(0.61)	0.00	0.00	2.39	(2.74)	7.52
013C	1.68	(0.26)	0.00	(0.39)	0.00	0.00	2.85	(3.68)	10.00
CSA	1.65	(0.18)	0.00	(0.13)	0.00	0.00	3.49	(5.14)	15.34

Be your own money manager

Our tools can tell you how much better you can do entering a position in FORIS AG 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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FORIS AG Corporate Management

Elected by the shareholders, the FORIS AG's board of directors comprises two types of representatives: FORIS AG inside directors who are chosen from within the company, and outside directors, selected externally and held independent of FORIS. The board's role is to monitor FORIS AG's management team and ensure that shareholders' interests are well served. FORIS AG'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, FORIS AG's outside directors are responsible for providing unbiased perspectives on the board's policies.

Markus Glaser	Director Office	Profile
Conny Leuschner	Legal Communication	Profile
Thomas Abrokat	Head Finance	Profile
Frederick Iwans	CEO Board	Profile
AnnCathrine Siepmann	Assistant Mangin	Profile
Andreas Dirksen	Incorporation ECommerce	Profile
Anke LLM	Head Funding	Profile

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