Safran SA Correlations
SAFRF Stock | USD 227.80 1.96 0.87% |
The correlation of Safran SA 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 Safran SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Safran SA 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.
Modest diversification
The correlation between Safran SA and NYA is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Safran SA and NYA in the same portfolio, assuming nothing else is changed.
Safran |
The ability to find closely correlated positions to Safran SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Safran SA 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 Safran SA - 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 Safran SA to buy it.
Moving together with Safran Pink Sheet
0.83 | RTX | Raytheon Technologies Fiscal Quarter End 31st of March 2024 | PairCorr |
0.88 | EADSF | Airbus Group SE | PairCorr |
0.87 | EADSY | Airbus Group NV | PairCorr |
0.89 | GD | General Dynamics Fiscal Quarter End 31st of March 2024 | PairCorr |
0.93 | TDG | Transdigm Group rporated Financial Report 14th of May 2024 | PairCorr |
0.99 | SAFRY | Safran SA | PairCorr |
0.93 | MUFG | Mitsubishi UFJ Financial Financial Report 20th of May 2024 | PairCorr |
0.93 | MBFJF | Mitsubishi UFJ Financial | PairCorr |
0.95 | SMFG | Sumitomo Mitsui Financial Financial Report 20th of May 2024 | PairCorr |
0.93 | SMFNF | Sumitomo Mitsui Financial Normal Trading | PairCorr |
0.83 | KB | KB Financial Group Financial Report 20th of May 2024 | PairCorr |
0.89 | MFG | Mizuho Financial Financial Report 20th of May 2024 | PairCorr |
0.85 | MZHOF | Mizuho Financial | PairCorr |
0.86 | SHG | Shinhan Financial Financial Report 25th of April 2024 | PairCorr |
0.68 | F | Ford Motor Aggressive Push | PairCorr |
0.94 | TM | Toyota Motor Financial Report 8th of May 2024 | PairCorr |
Moving against Safran Pink Sheet
0.8 | BA | Boeing Fiscal Quarter End 31st of March 2024 | PairCorr |
Related Correlations Analysis
RTX | BA | LMT | EADSY | GD | NOC | TDG | SAFRY | ||
RTX | -0.8 | -0.41 | 0.81 | 0.89 | -0.18 | 0.89 | 0.83 | RTX | |
BA | -0.8 | 0.39 | -0.74 | -0.71 | 0.15 | -0.83 | -0.8 | BA | |
LMT | -0.41 | 0.39 | 0.04 | -0.48 | 0.84 | -0.47 | -0.22 | LMT | |
EADSY | 0.81 | -0.74 | 0.04 | 0.75 | 0.23 | 0.78 | 0.88 | EADSY | |
GD | 0.89 | -0.71 | -0.48 | 0.75 | -0.2 | 0.93 | 0.89 | GD | |
NOC | -0.18 | 0.15 | 0.84 | 0.23 | -0.2 | -0.14 | 0.11 | NOC | |
TDG | 0.89 | -0.83 | -0.47 | 0.78 | 0.93 | -0.14 | 0.93 | TDG | |
SAFRY | 0.83 | -0.8 | -0.22 | 0.88 | 0.89 | 0.11 | 0.93 | SAFRY | |
RTX | BA | LMT | EADSY | GD | NOC | TDG | SAFRY |
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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 Safran Pink Sheet performing well and Safran SA 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 Safran SA'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
RTX | 0.61 | 0.22 | 0.19 | 1.17 | 0.08 | 1.45 | 6.91 | |||
BA | 1.60 | (0.50) | 0.00 | (0.86) | 0.00 | 2.78 | 9.93 | |||
LMT | 0.62 | (0.02) | (0.09) | 0.08 | 0.97 | 1.24 | 6.38 | |||
EADSY | 0.97 | 0.14 | 0.14 | 0.26 | 0.79 | 2.48 | 5.95 | |||
GD | 0.61 | 0.09 | 0.06 | 0.27 | 0.34 | 1.47 | 6.11 | |||
NOC | 0.71 | 0.04 | (0.05) | 0.61 | 1.35 | 1.33 | 9.27 | |||
TDG | 0.82 | 0.20 | 0.19 | 0.35 | 0.69 | 2.06 | 3.88 | |||
SAFRY | 0.87 | 0.27 | 0.29 | 0.43 | 0.40 | 2.16 | 6.19 |
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Our tools can tell you how much better you can do entering a position in Safran SA 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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Safran SA Corporate Directors
Safran SA corporate directors refer to members of a Safran SA board of directors. The board of directors generally takes responsibility for the Safran SA'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 Safran SA's board members must vote for the resolution. The Safran SA board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.Xavier Lagarde | Director | Profile | |
Lucie Muniesa | Director - Representative of the French State | Profile | |
Robert Peugeot | Independent Director - Permanent Representative of F&P | Profile | |
Brigitte Lesschaeve | Director Representing Employees | Profile |
Already Invested in Safran SA?
The danger of trading Safran SA 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 Safran SA 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 Safran SA. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Safran SA 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Safran SA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Safran Pink Sheet analysis
When running Safran SA's price analysis, check to measure Safran SA'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 Safran SA is operating at the current time. Most of Safran SA's value examination focuses on studying past and present price action to predict the probability of Safran SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Safran SA's price. Additionally, you may evaluate how the addition of Safran SA to your portfolios can decrease your overall portfolio volatility.
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