Sika Finanz Correlations

SKFOF
 Stock
  

USD 260.70  4.00  1.56%   

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

Moving together with Sika Finanz

+0.88AIQUFLAir Liquide OrdPairCorr
+0.86AIQUYLAir Liquide ADRPairCorr
+0.86APDAir Products AndPairCorr
+0.74SHWSherwin-WilliamsPairCorr
+0.91SXYAYSika Finanz AgPairCorr
+0.89DDDupont DenemoursPairCorr
+0.76GVDNYGivaudan Sa ADRPairCorr
+0.71KBKB Financial GroupPairCorr

Moving against Sika Finanz

-0.82PTBRYPt Bank NegaraPairCorr

Related Correlations

ECL
SFLM
APD
ALB
ECL
0.530.040.36
ECL
SFLM
0.530.030.07
SFLM
APD
0.040.030.54
APD
ALB
0.360.070.54
ALB
ECL
SFLM
APD
ALB
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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   
ALBAPD
SFLMECL
ALBECL
ALBSFLM
APDECL
APDSFLM
  

Sika Finanz Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between SKFOF OTC Stock performing well and Sika Finanz 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 Sika Finanz'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 Sika Finanz 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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Sika Finanz Corporate Directors

Sika Finanz corporate directors refer to members of a Sika Finanz board of directors. The board of directors generally takes responsibility for the Sika Finanz'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 Sika Finanz's board members must vote for the resolution. The Sika Finanz board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Daniel Sauter - DirectorProfile
Frits Dijk - Member of the Board of DirectorsProfile
Justin Howell - Member of the Board of DirectorsProfile
Urs Burkard - Member of the Board of DirectorsProfile

Invested in Sika Finanz?

The danger of trading Sika Finanz 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 Sika Finanz 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 Sika Finanz. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Sika Finanz 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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.

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