MAHLE Metal Correlations
| LEVE3 Stock | BRL 32.00 0.59 1.81% |
The correlation of MAHLE Metal is a statistical measure of how it moves in relation to other instruments. 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 MAHLE Metal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MAHLE Metal Leve 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.
Good diversification
The correlation between MAHLE Metal Leve and NYA is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MAHLE Metal Leve and NYA in the same portfolio, assuming nothing else is changed.
MAHLE |
The ability to find closely correlated positions to MAHLE Metal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MAHLE Metal 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 MAHLE Metal - 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 MAHLE Metal Leve to buy it.
Moving against MAHLE Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together 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
|
Risk-Adjusted Indicators
There is a big difference between MAHLE Stock performing well and MAHLE Metal Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze MAHLE Metal's multiple risk-adjusted performance indicators across the competitive landscape. 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 | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WEGE3 | 0.95 | 0.26 | 0.18 | (50.91) | 0.79 | 2.31 | 10.07 | |||
| RENT3 | 1.55 | (0.17) | 0.00 | 1.54 | 0.00 | 3.01 | 9.77 | |||
| RADL3 | 1.05 | 0.07 | 0.01 | 0.53 | 1.36 | 2.55 | 6.64 | |||
| ABEV3 | 0.87 | (0.16) | 0.00 | (0.57) | 0.00 | 1.52 | 8.54 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in MAHLE Metal 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 Odds Of Bankruptcy Now
Odds Of BankruptcyGet analysis of equity chance of financial distress in the next 2 years |
| All Next | Launch Module |
MAHLE Metal Corporate Management
Elected by the shareholders, the MAHLE Metal's board of directors comprises two types of representatives: MAHLE Metal inside directors who are chosen from within the company, and outside directors, selected externally and held independent of MAHLE. The board's role is to monitor MAHLE Metal's management team and ensure that shareholders' interests are well served. MAHLE Metal's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, MAHLE Metal's outside directors are responsible for providing unbiased perspectives on the board's policies.
| JanFrederek Thiele | Director Controlling | Profile | |
| Daniel Camargo | Accounting Mang | Profile | |
| Nathan Quye | Adm Director | Profile | |
| Philipp Kuckuck | VP Fin | Profile | |
| Daniel Alves | Marketing Mang | Profile | |
| Sergio S | Chief Officer | Profile | |
| Jrg Stratmann | Chairman MAHLE | Profile |
Already Invested in MAHLE Metal Leve?
The danger of trading MAHLE Metal Leve 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 MAHLE Metal 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 MAHLE Metal. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile MAHLE Metal Leve 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.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MAHLE Metal Leve. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the MAHLE Metal Leve information on this page should be used as a complementary analysis to other MAHLE Metal'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 the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for MAHLE Stock analysis
When running MAHLE Metal's price analysis, check to measure MAHLE Metal'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 MAHLE Metal is operating at the current time. Most of MAHLE Metal's value examination focuses on studying past and present price action to predict the probability of MAHLE Metal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MAHLE Metal's price. Additionally, you may evaluate how the addition of MAHLE Metal to your portfolios can decrease your overall portfolio volatility.
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance |