Korian Correlations

Stocks Germany . 
Stock . Korian
KO2 Stock  EUR 7.77  0.10  1.30%   
The correlation of Korian 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 Korian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Korian 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.
Check out Correlation Analysis to better understand how to build diversified portfolios.
  
The ability to find closely correlated positions to Korian could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Korian 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 Korian - 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 Korian to buy it.

Moving together with Korian Stock

+0.73636Sienna Senior LivingPairCorr

Moving against Korian Stock

-0.5926EESTIA HEALTH LTDPairCorr
-0.57E908Lyxor 1 -PairCorr

Related Correlations

RH7
26E
DBPD
DBPE
E908
RH7
-0.13-0.370.43-0.15
RH7
26E
-0.13-0.550.510.53
26E
DBPD
-0.37-0.55-0.99-0.29
DBPD
DBPE
0.430.51-0.990.28
DBPE
E908
-0.150.53-0.290.28
E908
RH7
26E
DBPD
DBPE
E908
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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   
E908
+ 0.53
26E
DBPE
+ 0.51
26E
DBPE
+ 0.43
RH7
E908
+ 0.28
DBPE
  
High negative correlations   
DBPE
- 0.99
DBPD
DBPD
- 0.55
26E
DBPD
- 0.37
RH7
E908
- 0.29
DBPD
E908
- 0.15
RH7
26E
- 0.13
RH7

Risk-Adjusted Indicators

Nowadays, there is a big difference between Korian Stock performing well and Korian 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 Korian'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
RH7 2.75  0.19  0.07  0.24  2.77  0.06 (3.95)  7.67 (4.82)  17.59 
26E 1.36  0.23  0.17  0.98  1.14  0.12 (2.36)  3.29 (2.31)  17.96 
DBPD 1.35 (0.09)  0.00 (0.73)  0.00 (0.0162)  0.00  4.10 (3.15)  8.41 
DBPE 1.19  0.09  0.10 (3.48)  1.56  0.1 (1.26)  2.92 (2.96)  8.09 
E908 0.72  0.00  0.06 (0.18)  0.86  0.06 (0.75)  1.70 (1.31)  4.14 

Korian Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Korian stock to make a market-neutral strategy. Peer analysis of Korian could also be used in its relative valuation, which is a method of valuing Korian by comparing valuation metrics with similar companies.
Ryman HealthcareESTIA HEALTH LTDXtrackers - ShortDAXXtrackers - LevDAXLyxor 1 -Raytheon TechnologiesRealty Income CorpAmerican AirlinesAlcoa CorpApple IncBest BuyCitigroupSentinelOneCVS Health CorpChevron Corp
 Risk & Return  Correlation

Korian Corporate Management

Elected by the shareholders, the Korian's board of directors comprises two types of representatives: Korian inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Korian. The board's role is to monitor Korian's management team and ensure that shareholders' interests are well served. Korian'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, Korian's outside directors are responsible for providing unbiased perspectives on the board's policies.

Already Invested in Korian?

The danger of trading Korian 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 Korian 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 Korian. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Korian 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. You can also try Bond Directory module to find actively traded corporate debentures issued by US companies.

Complementary Tools for Korian Stock analysis

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