Schneider Electric Correlations

SBGSF
 Stock
  

USD 147.78  0.22  0.15%   

The correlation of Schneider Electric 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 Schneider Electric moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Schneider Electric SE 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, take a look at World Market Map.
  
The ability to find closely correlated positions to Schneider Electric could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Schneider Electric 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 Schneider Electric - 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 Schneider Electric SE to buy it.

Moving together with Schneider Electric

+0.85AIMCAltra HoldingsPairCorr
+0.89AOSSmith AOPairCorr
+0.93CIRCIRCOR InternationalPairCorr
+0.92CRCrane CompanyPairCorr
+0.94DCIDonaldsonPairCorr
+0.97EMREmerson ElectricPairCorr
+0.76EPACEnerpac Tool GroupPairCorr
+0.96ETNEaton PLCPairCorr
+0.95GEGeneral ElectricPairCorr
+0.91GGGGraco IncPairCorr
+0.67GHMGrahamPairCorr

Moving against Schneider Electric

-0.73BWENBroadwind EnergyPairCorr
-0.6BWBabcock Wilcox EnterPairCorr
-0.64GTLSChart IndustriesPairCorr
-0.63GNRCGenerac HoldingsPairCorr

Related Correlations

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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   
GECR
CRCIR
EPACCR
GECIR
BLDPAMSC
GEEPAC
  
High negative correlations   
EPACBW
EPACAMSC
CIRBW
GEBW
EPACBLDP
CRBW

Schneider Electric Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Schneider OTC Pink Sheet performing well and Schneider Electric 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 Schneider Electric'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
AMSC 3.61 (0.53)  0.00 (0.18)  0.00 (0.09)  0.00  5.85 (7.13)  29.32 
BLDP 3.09 (0.45)  0.00 (0.12)  0.00 (0.08)  0.00  5.52 (6.34)  23.91 
BW 3.66 (0.62)  0.00 (0.32)  0.00 (0.09)  0.00  6.59 (6.86)  43.49 
CIR 3.29  0.69  0.21  0.46  3.27  0.17 (3.77)  7.79 (6.35)  21.85 
CR 1.50  0.09  0.05  0.19  1.60  0.0475 (1.65)  3.20 (2.54)  8.84 
CSWI 1.53 (0.13)  0.00 (0.05)  0.00 (0.07)  0.00  2.89 (3.39)  9.59 
EPAC 1.80  0.33  0.17  0.49  1.52  0.13 (2.15)  4.34 (2.84)  12.82 
FELE 1.53 (0.13)  0.00 (0.05)  0.00 (0.07)  0.00  3.14 (2.90)  11.14 
GE 1.48  0.16  0.09  0.25  1.64  0.08 (1.62)  3.43 (2.68)  9.22 

The entity Schneider Electric SE with a symbol SBGSF was recently relisted or delisted. You can potentially use Schneider Electric SE with a symbol SBGSF. Please make sure the ticker renaming or change in the classification of Schneider Electric SE is not a temporary action by the exchange.

Schneider Electric Corporate Directors

Schneider Electric corporate directors refer to members of a Schneider Electric board of directors. The board of directors generally takes responsibility for the Schneider Electric'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 Schneider Electric's board members must vote for the resolution. The Schneider Electric board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Fleur Pellerin - Independent DirectorProfile
Fred Kindle - Independent DirectorProfile
Xiaoyun Ma - Director, Employee RepresentativeProfile
Lone Schroeder - Independent DirectorProfile

Invested in Schneider Electric SE?

The danger of trading Schneider Electric SE 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 Schneider Electric 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 Schneider Electric. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Schneider Electric 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, take a look at World Market Map. You can also try Bond Directory module to find actively traded corporate debentures issued by US companies.

Complementary Tools for analysis

When running Schneider Electric price analysis, check to measure Schneider Electric'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 Schneider Electric is operating at the current time. Most of Schneider Electric's value examination focuses on studying past and present price action to predict the probability of Schneider Electric's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Schneider Electric's price. Additionally, you may evaluate how the addition of Schneider Electric to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Schneider Electric's value and its price as these two are different measures arrived at by different means. Investors typically determine Schneider Electric value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Schneider Electric's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.