Sixt SE Correlations

Stocks . Germany . 
Stock . Sixt SE
SIX3 Stock  EUR 54.10  0.80  1.46%   
The current 90-days correlation between Sixt SE and Laureate Education is -0.05 (i.e., Good diversification). The correlation of Sixt 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.

Sixt SE Correlation With Market

Modest diversification

The correlation between Sixt SE and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sixt SE and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Sixt 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 Sixt 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 Sixt 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 Sixt SE to buy it.

Moving together with Sixt Stock

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Moving against Sixt Stock

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  0.94VGA REGAL ASIAN INVESTMENTSPairCorr
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  0.85JNJ Johnson JohnsonPairCorr
  0.85SSU Samsung ElectronicsPairCorr
  0.8RI1 BlackBerry LimitedPairCorr
  0.71SW6 Stag IndustrialPairCorr
  0.71HY7 Shoprite HoldingsPairCorr
  0.670T8B TARENA INTL ADRPairCorr
  0.62XCC CSE Global LimitedPairCorr
  0.57LQZ1 Thai Oil Public Earnings Call TomorrowPairCorr
  0.55IPG Interpublic Group Earnings Call This WeekPairCorr
  0.53TRS TC Energy Earnings Call TomorrowPairCorr
  0.45GIS GILEAD SCIENCESPairCorr
  0.44JF6 JsePairCorr
  0.42NVD NVIDIAPairCorr
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  0.88FDO Macys IncPairCorr
  0.87NMM NewmontPairCorr
  0.86HIFH China Shipping DevelPairCorr
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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

55O1
+ 0.79
SXV
4OQ1
+ 0.66
LA3A
C3W
+ 0.63
LA3A
55O1
+ 0.59
3YB
3YB
+ 0.43
SXV
IZZ
+ 0.27
4OQ1
  

High negative correlations

SXV
- 0.85
LA3A
4OQ1
- 0.69
SXV
55O1
- 0.61
LA3A
C3W
- 0.58
55O1
C3W
- 0.55
SXV
55O1
- 0.38
4OQ1

Risk-Adjusted Indicators

There is a big difference between Sixt Stock performing well and Sixt 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 Sixt 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 Sixt 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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Sixt SE Corporate Management

Elected by the shareholders, the Sixt SE's board of directors comprises two types of representatives: Sixt SE inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sixt. The board's role is to monitor Sixt SE's management team and ensure that shareholders' interests are well served. Sixt SE'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, Sixt SE's outside directors are responsible for providing unbiased perspectives on the board's policies.
Kai AndrejewskiCFO BoardProfile
Alexander SixtJoint CoCEOProfile
Vinzenz PflanzChief BoardProfile
Nico GabrielCOO BoardProfile
James AdamsChief BoardProfile
Konstantin SixtJoint CoCEOProfile
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