Tecan Group Correlations

Stocks Switzerland . 
Stock . Tecan Group AG
TECN Stock  CHF 133.60  4.30  1.40%   
The correlation of Tecan Group 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.
  
The ability to find closely correlated positions to Tecan Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tecan Group 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 Tecan Group - 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 Tecan Group AG to buy it.

Moving together with Tecan Stock

  0.64YPSN Ypsomed Holding AGPairCorr
  0.64MED Medartis HoldingPairCorr

Moving against Tecan Stock

  0.84SDZ Sandoz Group AGPairCorr
  0.79ALLN Allreal HoldingPairCorr
  0.77BLKB BasellandschaftlichePairCorr
  0.76NWRN Newron PharmaceuticalsPairCorr
  0.76HBMN HBM Healthcare InvesPairCorr
  0.7GRKP Graubuendner KantonalbankPairCorr
  0.67HELN Helvetia HoldingPairCorr
  0.66BVZN BVZ Holding AGPairCorr
  0.63XGLD Xtrackers Physical GoldPairCorr
  0.61BSKP Basler KantonalbankPairCorr
  0.6BCVN Banque CantonalePairCorr
  0.59ALPN Alpine Select AGPairCorr
  0.57UHRN Swatch Group AGPairCorr
  0.55RSPF RealstonePairCorr
  0.53DESN Dottikon Es HoldingPairCorr
  0.49ZUGER Zuger KantonalbankPairCorr
  0.48GAM GAM Holding AGPairCorr
  0.43CMBN Cembra Money BankPairCorr
  0.86ELMN Elma Electronic AGPairCorr
  0.83JFN Jungfraubahn HoldingPairCorr
  0.82MOBN Mobimo HldgPairCorr
  0.8MOLN Molecular PartnersPairCorr
  0.78BEKN Berner KantonalbankPairCorr
  0.76SGKN St Galler KantonalbankPairCorr
  0.74VATN Valiant Holding AGPairCorr
  0.71CFR Compagnie FinancirePairCorr
  0.7SGSN SGS SAPairCorr
  0.7PSPN PSP Swiss PropertyPairCorr
  0.67SLHN Swiss Life HoldingPairCorr
  0.66VAHN Vaudoise AssurancesPairCorr
  0.65MOZN mobilezone agPairCorr

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

HBLN
+ 0.74
SWTQ
SWTQ
+ 0.73
LLBN
HBLN
+ 0.46
LLBN
HBMN
+ 0.36
SWON
ZURN
+ 0.23
HBMN
ZURN
+ 0.03
SWON
  

High negative correlations

HBMN
- 0.87
SWTQ
HBMN
- 0.72
HBLN
HBMN
- 0.56
LLBN
SWTQ
- 0.27
SWON
LLBN
- 0.27
SWON
HBLN
- 0.11
SWON

Risk-Adjusted Indicators

There is a big difference between Tecan Stock performing well and Tecan Group 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 Tecan Group'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 Tecan Group 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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Tecan Group Corporate Management

Elected by the shareholders, the Tecan Group's board of directors comprises two types of representatives: Tecan Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tecan. The board's role is to monitor Tecan Group's management team and ensure that shareholders' interests are well served. Tecan Group'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, Tecan Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
Achim LeoprechtingCEO BoardProfile
Wael YaredEx CTOProfile
Ralf GriebelHead VPProfile
Andreas WilhelmGen VPProfile
Martin BrandleSr BoardProfile
MBA MScMember VPProfile
Gunter WeisshaarHead VPProfile
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