CROPENERGIES Related Correlations

Generate correlation matrix for CROPENERGIES and other related equities to check the degree to which CROPENERGIES 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 CROPENERGIES AG. To filter out specific equities, please toggle its corresponding legend item. Check out Trending Equities.
Please note, there is a significant difference between CROPENERGIES's value and its price as these two are different measures arrived at by different means. Investors typically determine CROPENERGIES value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CROPENERGIES'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.

Specify up to 10 symbols:


Correlations

CE2
SGL
2HRA
SY1
C007
DBPE
E905
FTGG
CE2
0.00.00.00.00.00.00.0
CE2
SGL
0.00.00.00.00.00.00.0
SGL
2HRA
0.00.00.00.00.00.00.0
2HRA
SY1
0.00.00.00.00.00.00.0
SY1
C007
0.00.00.00.00.00.00.0
C007
DBPE
0.00.00.00.00.00.00.0
DBPE
E905
0.00.00.00.00.00.00.0
E905
FTGG
0.00.00.00.00.00.00.0
FTGG
CE2
SGL
2HRA
SY1
C007
DBPE
E905
FTGG
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
SGL
CE2
2HRA
CE2
SY1
CE2
C007
CE2
DBPE
CE2
E905
CE2
Insignificant correlation   
SGL
CE2
2HRA
CE2
SY1
CE2
FTGG
E905
FTGG
DBPE
E905
DBPE
High negative correlations   
FTGG
E905
FTGG
DBPE
E905
DBPE
FTGG
C007
E905
C007
DBPE
C007

CROPENERGIES Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between CROPENERGIES stock performing well and CROPENERGIES company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze CROPENERGIES's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.