Solvay SA Correlations
| SLVYY Stock | USD 3.21 0.02 0.62% |
The current 90-days correlation between Solvay SA ADR and Azelis Group NV is -0.17 (i.e., Good diversification). The correlation of Solvay 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.
Solvay SA Correlation With Market
Weak diversification
The correlation between Solvay SA ADR and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Solvay SA ADR and DJI in the same portfolio, assuming nothing else is changed.
Solvay |
The ability to find closely correlated positions to Solvay 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 Solvay 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 Solvay 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 Solvay SA ADR to buy it.
Moving against Solvay Pink Sheet
| 0.47 | GNENF | Ganfeng Lithium | PairCorr |
| 0.4 | GNENY | Ganfeng Lithium | PairCorr |
| 0.37 | CTA-PB | E I du | PairCorr |
| 0.32 | CTA-PA | E I du | PairCorr |
| 0.64 | WFCF | Where Food Comes | PairCorr |
| 0.55 | RTX | Raytheon Technologies Earnings Call Today | PairCorr |
| 0.55 | BAC-PL | Bank of America | PairCorr |
| 0.51 | ACR-PC | ACRES Commercial Realty | PairCorr |
| 0.51 | SCE-PJ | SCE Trust IV | PairCorr |
| 0.46 | NTES | NetEase | PairCorr |
| 0.43 | GTBIF | Green Thumb Industries | PairCorr |
| 0.43 | AVBH | Avidbank Holdings, Common Earnings Call Today | PairCorr |
| 0.42 | GLU | Gabelli Global Utility | PairCorr |
| 0.41 | MESA | Mesa Air Group | PairCorr |
| 0.41 | YZCAY | Yanzhou Coal Mining Earnings Call This Week | PairCorr |
| 0.39 | CPPKF | Copperbank Resources Corp | PairCorr |
| 0.35 | WF | Woori Financial Group Earnings Call This Week | PairCorr |
| 0.35 | BBY | Best Buy | PairCorr |
| 0.31 | BRRLY | Barry Callebaut AG | PairCorr |
| 0.65 | ZOOZW | ZOOZ Power | PairCorr |
| 0.64 | PRS | Prudential Financial | PairCorr |
| 0.59 | PFH | Prudential Financial 4125 | PairCorr |
| 0.58 | NGL | NGL Energy Partners | 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 Solvay Pink Sheet performing well and Solvay 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 Solvay 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KOYJF | 0.27 | 0.03 | 0.00 | 1.02 | 0.00 | 0.66 | 8.14 | |||
| KURRY | 1.94 | (0.12) | 0.00 | 0.39 | 0.00 | 7.12 | 23.74 | |||
| NOFCF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HXXPY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AZLGF | 0.59 | (0.16) | 0.00 | 6.56 | 0.00 | 0.00 | 15.43 | |||
| CLZNF | 0.45 | (0.23) | 0.00 | 2.49 | 0.00 | 0.00 | 15.01 | |||
| PCHUY | 1.50 | 0.71 | 0.00 | 1.37 | 0.00 | 0.00 | 50.37 | |||
| AWTRF | 1.11 | 0.54 | 0.00 | (0.43) | 0.00 | 0.00 | 43.04 | |||
| CLZNY | 1.63 | (0.20) | 0.00 | (0.21) | 0.00 | 3.06 | 30.21 | |||
| WKCMF | 1.35 | 0.06 | 0.01 | 0.17 | 1.82 | 4.82 | 13.18 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Solvay 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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Solvay SA Corporate Management
| Nathalie Ypersele | Head Communication | Profile | |
| Marc Chollet | Chief Committee | Profile | |
| Dominikus Golsong | Group Committee | Profile | |
| Geoffroy Raskin | Head Relations | Profile | |
| Ilham Kadri | CEO Committee | Profile | |
| Herve Tiberghien | Chief Committee | Profile | |
| Jodi Allen | Head Relations | Profile |