Siemens AG Correlations

Summary

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.

Average diversification

The correlation between Siemens AG ADR and NYA is 0.17 (i.e., Average 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.

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.

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

0.7	CR	Crane Company	Pair Corr
0.81	EPAC	Enerpac Tool Group Financial Report 19th of June 2024	Pair Corr
0.68	CMI	Cummins	Pair Corr
0.65	CXT	Crane NXT	Pair Corr
0.64	DCI	Donaldson Financial Report 29th of May 2024	Pair Corr
0.72	DOV	Dover	Pair Corr

Moving against Siemens Pink Sheet

0.85	ATS	ATS Corporation	Pair Corr
0.73	RR	Richtech Robotics Class	Pair Corr
0.65	ENOV	Enovis Corp	Pair Corr
0.6	CYD	China Yuchai Interna	Pair Corr
0.5	BW	Babcock Wilcox Enter	Pair Corr

Related Correlations Analysis

	SDVKF	SBGSY	KNYJF	ATLPF	SMCAY	SBGSF	ATLKY	FANUY	FANUF	NJDCY
SDVKF		0.2	-0.29	0.03	0.36	0.21	-0.01	0.14	0.18	0.0	SDVKF
SBGSY	0.2		-0.07	0.73	0.17	0.99	0.89	0.73	0.7	-0.01	SBGSY
KNYJF	-0.29	-0.07		-0.18	0.36	-0.13	-0.03	-0.16	-0.25	0.31	KNYJF
ATLPF	0.03	0.73	-0.18		-0.03	0.73	0.78	0.58	0.55	-0.02	ATLPF
SMCAY	0.36	0.17	0.36	-0.03		0.12	0.19	0.31	0.12	0.5	SMCAY
SBGSF	0.21	0.99	-0.13	0.73	0.12		0.89	0.73	0.7	0.0	SBGSF
ATLKY	-0.01	0.89	-0.03	0.78	0.19	0.89		0.76	0.68	0.09	ATLKY
FANUY	0.14	0.73	-0.16	0.58	0.31	0.73	0.76		0.89	0.24	FANUY
FANUF	0.18	0.7	-0.25	0.55	0.12	0.7	0.68	0.89		0.13	FANUF
NJDCY	0.0	-0.01	0.31	-0.02	0.5	0.0	0.09	0.24	0.13		NJDCY
	SDVKF	SBGSY	KNYJF	ATLPF	SMCAY	SBGSF	ATLKY	FANUY	FANUF	NJDCY

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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

SBGSF	+ 0.99	SBGSY
ATLKY	+ 0.89	SBGSY
ATLKY	+ 0.89	SBGSF
FANUF	+ 0.89	FANUY
ATLKY	+ 0.78	ATLPF
FANUY	+ 0.76	ATLKY

High negative correlations

KNYJF	- 0.29	SDVKF
FANUF	- 0.25	KNYJF
ATLPF	- 0.18	KNYJF
FANUY	- 0.16	KNYJF
SBGSF	- 0.13	KNYJF
KNYJF	- 0.07	SBGSY

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	0.85	0.02	(0.01)	0.32	1.71	(2.36)	2.67	(2.30)	11.35
SBGSY	1.14	0.22	0.15	0.28	1.20	(1.20)	2.31	(2.22)	5.77
KNYJF	0.58	0.02	(0.01)	0.13	1.10	(2.79)	1.16	(1.94)	11.72
ATLPF	1.55	0.33	0.03	(0.31)	2.16	(4.52)	5.08	(4.41)	17.67
SMCAY	1.54	(0.08)	(0.03)	0.01	1.99	(1.48)	3.00	(2.85)	8.55
SBGSF	1.25	0.22	0.13	0.30	1.48	(1.32)	2.99	(2.40)	7.09
ATLKY	1.19	0.18	0.14	0.25	1.07	(1.37)	2.25	(1.73)	10.61
FANUY	1.42	0.13	0.06	0.29	1.70	(1.52)	2.79	(2.64)	8.95
FANUF	1.61	0.20	0.04	(0.77)	1.96	(2.03)	3.18	(4.03)	11.67
NJDCY	1.69	0.06	(0.01)	(0.34)	1.96	(1.81)	3.40	(3.30)	11.31

View Siemens AG Related Equities

Sandvik AB Schneider Electric SA KONE Oyj Atlas Copco AB SMC Corp Japan Schneider Electric SE Atlas Copco AB Fanuc Fanuc Nidec Vestas Wind Systems Parker Hannifin Eaton PLC Dover Illinois Tool Works

Risk & Return

Correlation

Siemens AG Corporate Management

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

Cedrik Neike	Member of the Management Board	Profile
Annette Kraus	Chief Officer	Profile
Andreas Hoffmann	Head Counsel	Profile
Leslie Bodnar	Chief Officer	Profile
Lynette Jackson	Head Communications	Profile
Roland DiplPhys	CEO Pres	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.

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 Center module to all portfolio management and optimization tools to improve performance of your portfolios.

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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