MIQUEL Y Correlations

MCM
 Stock
  

EUR 11.50  0.18  1.54%   

The correlation of MIQUEL Y is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MIQUEL Y moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MIQUEL Y COSTAS moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Additionally, see Correlation Analysis.
  
The ability to find closely correlated positions to MIQUEL Y could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MIQUEL Y 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 MIQUEL Y - 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 MIQUEL Y COSTAS to buy it.

Moving together with MIQUEL Y

+0.68IAGINTL CONSOLIDATEDPairCorr
+0.62ISURINMOBILIARIA DEL SURPairCorr

Moving against MIQUEL Y

-0.56UBSURBAS GRUPO FINANCIEROPairCorr

Related Correlations

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
TUBER
MRKUBER
TTWTR
MRKTWTR
XOMMRK
XOMT

MIQUEL Y Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between MIQUEL Stock performing well and MIQUEL Y company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze MIQUEL Y's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
TWTR 1.68  0.26  0.09  0.40  2.78  0.11 (1.60)  4.00 (2.97)  15.22 
MSFT 1.35  0.00  0.00 (0.07)  0.00 (0.0125)  0.00  2.78 (2.94)  12.18 
UBER 2.80  0.55  0.16  0.41  2.80  0.14 (2.93)  5.60 (5.13)  25.11 
F 2.24  0.20  0.05  0.05  3.16  0.0492 (2.41)  5.18 (5.04)  18.47 
T 1.04 (0.37)  0.00 (0.57)  0.00 (0.23)  0.00  1.55 (2.33)  9.29 
A 1.62  0.19  0.09  0.09  1.79  0.08 (1.90)  3.43 (3.13)  11.70 
CRM 1.95 (0.05)  0.00 (0.10)  0.00 (0.033)  0.00  3.63 (3.96)  10.76 
JPM 1.35  0.02  0.00 (0.05)  0.00  0.0027  0.00  2.61 (2.88)  8.06 
MRK 0.87 (0.04)  0.00 (0.16)  0.00  0.0025  0.00  1.66 (1.87)  4.57 
XOM 1.75  0.18  0.09  0.14  2.01  0.09 (1.93)  3.64 (3.24)  9.95 

Be your own money manager

Our tools can tell you how much better you can do entering a position in MIQUEL Y 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?

Run Pair Correlation Now

   

Pair Correlation

Compare performance and examine fundamental relationship between any two equity instruments
All  Next Launch Module

MIQUEL Y Corporate Directors

MIQUEL Y corporate directors refer to members of a MIQUEL Y board of directors. The board of directors generally takes responsibility for the MIQUEL Y's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of MIQUEL Y's board members must vote for the resolution. The MIQUEL Y board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Josep Bassets - Director of MB Papeles Especiales SAProfile
Eusebio PuigSureda - Lead Independent DirectorProfile
Jose Vacarisas - Director, Representative of Joanfra SAProfile
Joaquin Brufau - Independent DirectorProfile

Invested in MIQUEL Y COSTAS?

The danger of trading MIQUEL Y COSTAS is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of MIQUEL Y is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than MIQUEL Y. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile MIQUEL Y COSTAS is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additionally, see Correlation Analysis. You can also try Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

Other Tools for MIQUEL Stock

When running MIQUEL Y COSTAS price analysis, check to measure MIQUEL Y's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MIQUEL Y is operating at the current time. Most of MIQUEL Y's value examination focuses on studying past and present price action to predict the probability of MIQUEL Y's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move MIQUEL Y's price. Additionally, you may evaluate how the addition of MIQUEL Y to your portfolios can decrease your overall portfolio volatility.
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Go
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Equity Search
Search for actively traded equities including funds and ETFs from over 30 global markets
Go
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Go
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Go
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Go
CEO Directory
Screen CEOs from public companies around the world
Go
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Go