Freenet AG Correlations
| FRTAF Stock | USD 27.14 0.00 0.00% |
The correlation of Freenet AG 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 Freenet AG moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if freenet AG 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.
Average diversification
The correlation between freenet AG and NYA is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding freenet AG and NYA in the same portfolio, assuming nothing else is changed.
Freenet |
The ability to find closely correlated positions to Freenet 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 Freenet 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 Freenet 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 freenet AG to buy it.
Moving together with Freenet Pink Sheet
| 0.66 | GLNG | Golar LNG Limited Earnings Call Next Week | PairCorr |
Moving against Freenet Pink Sheet
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between Freenet Pink Sheet performing well and Freenet AG 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 Freenet AG'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BCPPF | 0.09 | 0.03 | 0.00 | 0.92 | 0.00 | 0.00 | 2.90 | |||
| ARTM | 7.89 | 0.82 | 0.02 | (0.23) | 12.02 | 41.15 | 125.10 | |||
| 444859BR2 | 0.70 | 0.16 | 0.04 | (1.69) | 1.06 | 1.73 | 8.02 | |||
| AQUI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BRRAY | 1.16 | 0.24 | 0.00 | 0.57 | 0.00 | 2.12 | 35.79 | |||
| ABHYX | 0.14 | 0.01 | (0.24) | 0.23 | 0.10 | 0.34 | 1.14 | |||
| LBHIX | 0.18 | 0.00 | (0.24) | 0.08 | 0.09 | 0.48 | 0.98 | |||
| MSTSX | 0.44 | 0.03 | 0.02 | 0.12 | 0.51 | 1.03 | 3.20 | |||
| VIASP | 1.35 | 0.20 | 0.12 | 0.21 | 1.77 | 3.96 | 13.41 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Freenet 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.Did you try this?
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Freenet AG Corporate Management
Elected by the shareholders, the Freenet AG's board of directors comprises two types of representatives: Freenet AG inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Freenet. The board's role is to monitor Freenet AG's management team and ensure that shareholders' interests are well served. Freenet AG'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, Freenet AG's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ingo Arnold | Head of Investor Relations | Profile | |
| Claudia Anderleit | Member of the Supervisory Board, Employee Representative | Profile | |
| Nicole EngenhardtGille | Head HR | Profile | |
| Rickmann Platen | Member of the Executive Board, Chief Commercial Officer | Profile | |
| TimFrederik Oehr | Head Relations | Profile |
Already Invested in freenet AG?
The danger of trading freenet AG 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 Freenet 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 Freenet AG. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile freenet AG 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in freenet AG. 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 freenet AG information on this page should be used as a complementary analysis to other Freenet 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 the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Freenet Pink Sheet analysis
When running Freenet AG's price analysis, check to measure Freenet 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 Freenet AG is operating at the current time. Most of Freenet AG's value examination focuses on studying past and present price action to predict the probability of Freenet AG's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Freenet AG's price. Additionally, you may evaluate how the addition of Freenet AG to your portfolios can decrease your overall portfolio volatility.
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