Tier1 Technology Correlations
| TR1 Stock | EUR 3.64 0.04 1.09% |
The current 90-days correlation between Tier1 Technology and Indra A is -0.11 (i.e., Good diversification). The correlation of Tier1 Technology 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Tier1 Technology Correlation With Market
Good diversification
The correlation between Tier1 Technology SA and NYA is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tier1 Technology SA and NYA in the same portfolio, assuming nothing else is changed.
Tier1 |
The ability to find closely correlated positions to Tier1 Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tier1 Technology 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 Tier1 Technology - 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 Tier1 Technology SA to buy it.
Moving together with Tier1 Stock
| 0.86 | AMS | Amadeus IT Group | PairCorr |
| 0.76 | IDR | Indra A | PairCorr |
| 0.73 | AMP | Amper SA | PairCorr |
| 0.84 | IZER | Izertis Sa | PairCorr |
| 0.92 | PRO | Proeduca Altus SA | PairCorr |
| 0.81 | BKY | Berkeley Energia | PairCorr |
| 0.76 | EBRO | Ebro Foods | PairCorr |
| 0.79 | VIS | Viscofan | PairCorr |
| 0.72 | CMM | Commcenter SA | PairCorr |
| 0.82 | OLE | Deoleo SA | PairCorr |
| 0.95 | HOME | Neinor Homes SLU | PairCorr |
Related Correlations Analysis
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Tier1 Technology Corporate Management
Elected by the shareholders, the Tier1 Technology's board of directors comprises two types of representatives: Tier1 Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tier1. The board's role is to monitor Tier1 Technology's management team and ensure that shareholders' interests are well served. Tier1 Technology'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, Tier1 Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Alfonso Arigita | Independent Director | Profile | |
| Carlos Mariano | NonAdvisory Sec | Profile | |
| MarIa Parias | Finance Director | Profile | |
| Juan Mateos | Director | Profile | |
| Antonio Alvarez | Director of I+D+i Projects | Profile | |
| Carmen Sanchez | Independent Director | Profile |