Bastei Lbbe Related Correlations

BST Stock

EUR 6.35 0.15 2.31%

Generate correlation matrix for Bastei Lbbe and other related equities to check the degree to which Bastei Lbbe AG price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Bastei Lbbe AG. To filter out specific equities, please toggle its corresponding legend item. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bastei Lbbe AG. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

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Please note, there is a significant difference between Bastei Lbbe's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bastei Lbbe is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bastei Lbbe's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

	TM5	WS11	OGM1	NU42	14D	HKT	14N1
TM5		-0.27	0.09	-0.38	0.27	0.14	0.17	TM5
WS11	-0.27		0.56	0.69	-0.13	-0.65	-0.76	WS11
OGM1	0.09	0.56		0.53	0.21	-0.51	-0.71	OGM1
NU42	-0.38	0.69	0.53		-0.04	-0.53	-0.49	NU42
14D	0.27	-0.13	0.21	-0.04		0.52	-0.11	14D
HKT	0.14	-0.65	-0.51	-0.53	0.52		0.5	HKT
14N1	0.17	-0.76	-0.71	-0.49	-0.11	0.5		14N1
	TM5	WS11	OGM1	NU42	14D	HKT	14N1

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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

NU42	+ 0.69	WS11
OGM1	+ 0.56	WS11
NU42	+ 0.53	OGM1
HKT	+ 0.52	14D
14N1	+ 0.5	HKT
14D	+ 0.27	TM5

High negative correlations

14N1	- 0.76	WS11
14N1	- 0.71	OGM1
HKT	- 0.65	WS11
HKT	- 0.53	NU42
HKT	- 0.51	OGM1
14N1	- 0.49	NU42

Risk-Adjusted Indicators

There is a big difference between Bastei Stock performing well and Bastei Lbbe 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 Bastei Lbbe'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
TM5	0.57	0.01	(0.08)	0.17	0.87	(0.53)	1.08	(1.56)	4.12
WS11	1.22	(0.14)	0.00	(0.40)	0.00	0.00	1.93	(2.73)	10.18
OGM1	1.68	(0.11)	0.00	0.41	0.00	0.00	3.48	(3.88)	11.48
NU42	2.15	(0.06)	0.00	0.22	0.00	0.00	4.55	(3.94)	14.55
14D	2.44	0.16	0.01	1.47	3.23	(4.43)	7.41	(8.05)	18.02
HKT	1.54	0.45	0.17	0.72	0.62	(5.59)	2.50	(2.44)	35.96
14N1	0.91	0.03	0.01	0.13	1.18	(0.97)	1.75	(2.02)	5.31

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Bastei Lbbe Related Correlations

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