Sika AG Correlations
| SIKA Stock | 269.20 1.70 0.63% |
The correlation of Sika 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 Sika AG moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sika 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.
Significant diversification
The correlation between Sika AG and NYA is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sika AG and NYA in the same portfolio, assuming nothing else is changed.
Sika |
The ability to find closely correlated positions to Sika 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 Sika 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 Sika 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 Sika AG to buy it.
Moving together with Sika Stock
| 0.84 | GIVN | Givaudan SA | PairCorr |
| 0.8 | EMSN | EMS CHEMIE HOLDING | PairCorr |
| 0.8 | CLN | Clariant AG | PairCorr |
| 0.64 | ZUGER | Zuger Kantonalbank | PairCorr |
Moving against Sika Stock
Related Correlations Analysis
| 0.47 | 0.05 | -0.07 | -0.4 | LONN | ||
| 0.47 | 0.72 | -0.02 | 0.35 | GIVN | ||
| 0.05 | 0.72 | 0.3 | 0.82 | GEBN | ||
| -0.07 | -0.02 | 0.3 | 0.42 | PGHN | ||
| -0.4 | 0.35 | 0.82 | 0.42 | SLHN | ||
| 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
|
Risk-Adjusted Indicators
There is a big difference between Sika Stock performing well and Sika 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 Sika 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LONN | 1.37 | 0.10 | 0.06 | 0.43 | 1.49 | 2.77 | 9.73 | |||
| GIVN | 0.71 | 0.21 | 0.23 | 1.16 | 0.58 | 1.65 | 5.10 | |||
| GEBN | 0.95 | 0.12 | 0.10 | 0.91 | 0.94 | 2.09 | 6.07 | |||
| PGHN | 1.03 | (0.04) | 0.00 | 1.47 | 0.00 | 2.20 | 7.56 | |||
| SLHN | 0.81 | 0.05 | 0.03 | (0.17) | 1.37 | 1.44 | 6.42 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sika 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?
Run Portfolio Volatility Now
Portfolio VolatilityCheck portfolio volatility and analyze historical return density to properly model market risk |
| All Next | Launch Module |
Sika AG Corporate Management
Elected by the shareholders, the Sika AG's board of directors comprises two types of representatives: Sika AG inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sika. The board's role is to monitor Sika AG's management team and ensure that shareholders' interests are well served. Sika 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, Sika AG's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Adrian Widmer | Chief Officer | Profile | |
| Luz Granizo | Head Refurbishment | Profile | |
| Dominik Slappnig | Head Relations | Profile | |
| Raffaella Marzi | Head Compliance | Profile | |
| Patricia Heidtman | Chief Officer | Profile | |
| Philippe Jost | Head Construction | Profile | |
| Executive MBA | Chief Officer | Profile |
Additional Tools for Sika Stock Analysis
When running Sika AG's price analysis, check to measure Sika 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 Sika AG is operating at the current time. Most of Sika AG's value examination focuses on studying past and present price action to predict the probability of Sika 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 Sika AG's price. Additionally, you may evaluate how the addition of Sika AG to your portfolios can decrease your overall portfolio volatility.