SUEDWSTDT SALZWERKE Related Correlations

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

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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   
BNR
SSH
BAS
SSH
LXS
SSH
WCH
SSH
CE2
SSH
1COV
SSH
Insignificant correlation   
BNR
SSH
BAS
SSH
LXS
SSH
SGL
M4N
SGL
EVK
M4N
EVK
High negative correlations   
SGL
M4N
SGL
EVK
M4N
EVK
SGL
1COV
M4N
1COV
EVK
1COV

SUEDWSTDT SALZWERKE Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between SUEDWSTDT SALZWERKE stock performing well and SUEDWSTDT SALZWERKE 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 SUEDWSTDT SALZWERKE'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.