Siemens Ag Correlations

SIEGY
 Stock
  

USD 68.56  0.60  0.88%   

The correlation of Siemens Ag 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 Siemens Ag moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Siemens Ag ADR 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 Siemens Ag could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Siemens Ag 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 Siemens Ag - 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 Siemens Ag ADR to buy it.

Moving together with Siemens Ag

+0.97SMAWFSiemens A GPairCorr
+0.88GEGeneral ElectricPairCorr
+0.94SBGSFSchneider ElectricPairCorr
+0.93SBGSYSchneider ElectricPairCorr
+0.91ITWIllinois Tool WorksPairCorr
+0.92ETNEaton CorpPairCorr
+0.9ATLPFAtlas Copco AbPairCorr
+0.9EMREmerson ElectricPairCorr
+0.79ROPRoper IndustriesPairCorr
+0.63NSSNustar LogisticsPairCorr
+0.85MRKMerck CompanyPairCorr
+0.88ROSTRoss StoresPairCorr
+0.76NFLXNetflixPairCorr
+0.83XOMExxon Mobil CorpPairCorr

Moving against Siemens Ag

-0.63CETYClean Energy TechnologiesPairCorr
-0.6PBYAPROBILITY MEDIA CORPPairCorr

Related Correlations

ITW
EMR
GE
ROP
ETN
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0.970.960.910.98
ITW
EMR
0.970.980.910.95
EMR
GE
0.960.980.920.94
GE
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0.910.910.920.87
ROP
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0.980.950.940.87
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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   
ETNITW
GEEMR
EMRITW
GEITW
ETNEMR
ETNGE
  

Siemens Ag Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Siemens OTC Stock performing well and Siemens Ag 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 Siemens Ag'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Siemens Ag 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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Pair Correlation

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Siemens Ag Corporate Directors

Siemens Ag corporate directors refer to members of a Siemens Ag board of directors. The board of directors generally takes responsibility for the Siemens Ag'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 Siemens Ag's board members must vote for the resolution. The Siemens Ag board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Sylvie Beaupuy - Independent Member of board of DirectorProfile
Sigmar Gabriel - Independent Member of board of DirectorProfile
Baudouin Prot - Independent Member of Board of DirectorProfile
Christina Stercken - Independent member of board of DirectorProfile

Invested in Siemens Ag ADR?

The danger of trading Siemens Ag ADR 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 Siemens Ag 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 Siemens Ag. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Siemens Ag ADR 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. Note that the Siemens Ag ADR information on this page should be used as a complementary analysis to other Siemens Ag's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

Complementary Tools for Siemens OTC Stock analysis

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