Siemens AG Correlations
| SMAWF Stock | USD 185.91 2.16 1.18% |
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 Class 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.
Weak diversification
The correlation between Siemens AG Class and NYA is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Siemens AG Class 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 Class to buy it.
Moving together with Siemens Pink Sheet
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Moving against Siemens Pink Sheet
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GE | 1.18 | 0.55 | 0.43 | 0.52 | 0.72 | 3.79 | 8.46 | |||
| ETN | 1.09 | 0.30 | 0.25 | 0.29 | 0.84 | 2.26 | 11.18 | |||
| ITW | 0.70 | (0.08) | 0.00 | (0.03) | 0.00 | 1.08 | 3.43 | |||
| PH | 0.93 | 0.15 | 0.21 | 0.16 | 0.60 | 2.04 | 9.08 | |||
| EMR | 0.84 | 0.25 | 0.22 | 1.05 | 0.58 | 1.50 | 12.09 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Siemens 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?
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Portfolio RebalancingAnalyze risk-adjusted returns against different time horizons to find asset-allocation targets |
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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 |
Already Invested in Siemens AG Class?
The danger of trading Siemens AG Class 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 Siemens AG 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 Siemens AG. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Siemens AG Class 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 Siemens AG Class. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for Siemens Pink Sheet analysis
When running Siemens AG's price analysis, check to measure Siemens 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 Siemens AG is operating at the current time. Most of Siemens AG's value examination focuses on studying past and present price action to predict the probability of Siemens 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 Siemens AG's price. Additionally, you may evaluate how the addition of Siemens AG to your portfolios can decrease your overall portfolio volatility.
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