Vonovia SE Correlations
| VONOY Stock | USD 13.54 0.22 1.65% |
The correlation of Vonovia SE 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 Vonovia SE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vonovia SE 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.
Modest diversification
The correlation between Vonovia SE ADR and NYA is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vonovia SE ADR and NYA in the same portfolio, assuming nothing else is changed.
Vonovia |
The ability to find closely correlated positions to Vonovia SE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vonovia SE 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 Vonovia SE - 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 Vonovia SE ADR to buy it.
Moving together with Vonovia Pink Sheet
| 0.85 | CLNXF | Cellnex Telecom SA | PairCorr |
| 0.81 | CLLNY | Cellnex Telecom SA | PairCorr |
| 0.74 | VNNVF | Vonovia SE | PairCorr |
Moving against Vonovia Pink Sheet
| 0.62 | LLAP | Terran Orbital Corp Financial Report 20th of May 2024 | PairCorr |
| 0.59 | AZZ | AZZ Incorporated Financial Report 5th of July 2024 | PairCorr |
| 0.57 | VTAGY | Vantage Towers AG | PairCorr |
| 0.54 | MPC | Marathon Petroleum Corp Earnings Call This Week | PairCorr |
| 0.49 | TSM | Taiwan Semiconductor Financial Report 18th of July 2024 | PairCorr |
| 0.47 | AVO | Mission Produce Financial Report 13th of June 2024 | PairCorr |
| 0.46 | KULR | KULR Technology Group Financial Report 20th of May 2024 | PairCorr |
| 0.44 | LWAY | Lifeway Foods Financial Report 20th of May 2024 | PairCorr |
| 0.43 | NVDA | NVIDIA Financial Report 22nd of May 2024 | 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 Vonovia Pink Sheet performing well and Vonovia SE 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 Vonovia SE'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IRS | 2.35 | 0.19 | 0.11 | 0.17 | 2.37 | 6.06 | 11.83 | |||
| HOUS | 3.46 | (0.43) | 0.00 | (0.04) | 0.00 | 6.90 | 18.58 | |||
| NMRK | 1.95 | (0.20) | (0.02) | 0.01 | 2.45 | 4.63 | 13.40 | |||
| NYC | 2.24 | (0.39) | 0.00 | 2.50 | 0.00 | 4.98 | 15.79 | |||
| CBRE | 1.22 | (0.12) | (0.03) | 0.02 | 1.52 | 2.31 | 13.59 | |||
| FRPH | 1.44 | (0.09) | (0.01) | 0.03 | 1.99 | 3.34 | 9.29 | |||
| MMI | 1.66 | (0.37) | 0.00 | (0.11) | 0.00 | 2.97 | 9.24 | |||
| JLL | 1.50 | (0.09) | 0.00 | 0.04 | 1.67 | 3.07 | 14.24 | |||
| FSV | 0.94 | (0.20) | 0.00 | (0.07) | 0.00 | 1.84 | 4.83 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Vonovia SE 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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Vonovia SE Corporate Management
Elected by the shareholders, the Vonovia SE's board of directors comprises two types of representatives: Vonovia SE inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Vonovia. The board's role is to monitor Vonovia SE's management team and ensure that shareholders' interests are well served. Vonovia SE'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, Vonovia SE's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Isabel Ohlies | Head Building | Profile | |
| Ariane Reinhart | Independent Member of the Supervisory Board | Profile | |
| Daniel FRICS | Chief Board | Profile | |
| Ute GeipelFaber | Member of the Supervisory Board | Profile | |
| Klaus Markus | Head Communications | Profile |
Already Invested in Vonovia SE ADR?
The danger of trading Vonovia SE ADR 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 Vonovia SE 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 Vonovia SE. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Vonovia SE ADR 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 Vonovia SE ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Vonovia Pink Sheet analysis
When running Vonovia SE's price analysis, check to measure Vonovia SE'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 Vonovia SE is operating at the current time. Most of Vonovia SE's value examination focuses on studying past and present price action to predict the probability of Vonovia SE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vonovia SE's price. Additionally, you may evaluate how the addition of Vonovia SE to your portfolios can decrease your overall portfolio volatility.
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