Siemens AG Correlations
| SIEGYDelisted Stock | USD 78.35 2.66 3.51% |
The correlation of Siemens 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 Siemens AG moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Siemens AG ADR 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.
Significant diversification
The correlation between Siemens AG ADR and NYA is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siemens AG ADR and NYA in the same portfolio, assuming nothing else is changed.
Siemens |
The ability to find closely correlated positions to Siemens 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 Siemens 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 Siemens 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 Siemens AG ADR to buy it.
Moving together with Siemens Pink Sheet
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| 0.86 | GE | GE Aerospace Earnings Call This Week | PairCorr |
| 0.71 | HI | Hillenbrand Financial Report 13th of May 2024 | PairCorr |
| 0.86 | IR | Ingersoll Rand Financial Report 1st of May 2024 | PairCorr |
| 0.89 | PH | Parker Hannifin Financial Report 2nd of May 2024 | PairCorr |
| 0.91 | EPAC | Enerpac Tool Group Financial Report 19th of June 2024 | PairCorr |
| 0.78 | FELE | Franklin Electric Financial Report 7th of May 2024 | PairCorr |
| 0.77 | AME | Ametek Inc Financial Report 7th of May 2024 | PairCorr |
| 0.71 | AOS | Smith AO Earnings Call This Week | PairCorr |
| 0.91 | CMI | Cummins Financial Report 7th of May 2024 | PairCorr |
| 0.78 | CXT | Crane NXT Financial Report 8th of May 2024 | PairCorr |
| 0.82 | DCI | Donaldson Financial Report 29th of May 2024 | PairCorr |
Moving against Siemens Pink Sheet
| 0.8 | ATS | ATS Corporation | PairCorr |
| 0.71 | RR | Richtech Robotics Class | PairCorr |
| 0.47 | CYD | China Yuchai Interna | PairCorr |
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
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Risk-Adjusted Indicators
There is a big difference between Siemens Pink Sheet performing well and Siemens 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 Siemens 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SDVKF | 0.65 | 0.10 | 0.00 | 0.60 | 0.00 | 4.07 | 11.12 | |||
| SBGSY | 1.05 | 0.14 | 0.11 | 0.16 | 1.17 | 2.67 | 5.94 | |||
| KNYJF | 0.35 | (0.07) | 0.00 | 2.10 | 0.00 | 0.71 | 10.38 | |||
| ATLPF | 1.16 | 0.13 | 0.01 | (0.18) | 1.95 | 4.60 | 17.73 | |||
| SMCAY | 1.49 | (0.20) | 0.00 | (0.11) | 0.00 | 2.76 | 6.94 | |||
| SBGSF | 1.17 | 0.13 | 0.08 | 0.15 | 1.46 | 2.40 | 6.60 | |||
| ATLKY | 1.17 | (0.01) | 0.00 | 0.04 | 1.37 | 2.15 | 5.87 | |||
| FANUY | 1.52 | (0.12) | 0.00 | (0.27) | 0.00 | 2.75 | 9.78 | |||
| FANUF | 2.16 | (0.01) | (0.01) | 0.00 | 2.71 | 4.55 | 18.93 | |||
| NJDCY | 1.69 | 0.06 | 0.00 | (0.21) | 1.96 | 3.40 | 11.31 |
View Siemens AG Related Equities
| Risk & Return | Correlation |
Siemens AG Corporate Directors
Siemens AG corporate directors refer to members of a Siemens AG board of directors. The board of directors generally takes responsibility for the Siemens AG'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 Siemens AG's board members must vote for the resolution. The Siemens AG board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Sylvie Beaupuy | Independent Member of board of Director | Profile | |
| Sigmar Gabriel | Independent Member of board of Director | Profile | |
| Baudouin Prot | Independent Member of Board of Director | Profile | |
| Christina Stercken | Independent member of board of Director | Profile |
Still Interested in Siemens AG ADR?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Siemens AG ADR information on this page should be used as a complementary analysis to other Siemens 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 Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Other Consideration for investing in Siemens Pink Sheet
If you are still planning to invest in Siemens AG ADR check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Siemens AG's history and understand the potential risks before investing.
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