Schneider Electric Correlations

SBGSY
 Stock
  

USD 28.67  0.16  0.55%   

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 SA 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 SA to buy it.

Moving together with Schneider Electric

+0.93SIEGYSiemens AG ADRPairCorr
+0.96SMAWFSiemens AG ClassPairCorr
+0.96GEGeneral ElectricPairCorr
+0.99SBGSFSchneider ElectricPairCorr
+0.96ITWIllinois Tool WorksPairCorr
+0.9ATLPFAtlas Copco ABPairCorr
+0.96ETNEaton PLCPairCorr
+0.98ATLKYAtlas Copco ABPairCorr
+0.98ATLCYAtlas Copco ADRPairCorr
+0.95PKXPOSCO HoldingsPairCorr
+0.69SKMSK TelecomPairCorr
+0.72SKCBYShinkin Central BankPairCorr
+0.82KBKB Financial GroupPairCorr
+0.94SANMSanminaPairCorr

Moving against Schneider Electric

-0.57TKURFTokyu REITPairCorr

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   
PEAKCTRE
PEAKVTR
UNHELV
VTRCTRE
VTRARSSF
CTREARSSF
  
High negative correlations   
ARSSFELV
ARSSFUNH
PEAKCPYT
VTRCPYT
CTRECPYT
ARSSFCPYT

Risk-Adjusted Indicators

Nowadays, there is a big difference between Schneider 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
ELV 1.25  0.12  0.05  0.29  1.50  0.05 (1.39)  3.24 (2.28)  9.33 
UNH 1.19  0.06  0.02  0.16  1.48  0.0189 (1.15)  2.47 (2.42)  6.64 
CPYT 0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00 
OHI 1.60 (0.12)  0.00 (0.11)  0.00 (0.07)  0.00  3.23 (3.85)  9.35 
ARSSF 1.64 (0.16)  0.00 (0.56)  0.00 (0.0449)  0.00  5.56 (3.08)  26.84 
CTRE 1.50 (0.10)  0.00 (0.06)  0.00 (0.05)  0.00  3.19 (3.42)  9.07 
VTR 2.03 (0.15)  0.00 (0.07)  0.00 (0.06)  0.00  4.11 (3.38)  10.33 
PEAK 1.59 (0.10)  0.00 (0.04)  0.00 (0.0499)  0.00  3.30 (3.00)  8.66 

The entity Schneider Electric SA with a symbol SBGSY was recently relisted or delisted. You can potentially use Schneider Electric SA with a symbol SBGSY. Please make sure the ticker renaming or change in the classification of Schneider Electric SA 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 SA?

The danger of trading Schneider Electric SA 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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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.
Watchlist Optimization
Optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm
Go
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Go
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Go
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Go
Fund Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Go
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Go
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Go
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.