Ferrari Group Correlations
| FERGR Stock | 9.12 -0.30 -3.18% |
Current 90-days correlation between Ferrari Group PLC and PostNL NV is 0.28 (i.e., Modest diversification).The correlation of Ferrari Group 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.
Ferrari Group Correlation With Market
Poor diversification
Across the chosen horizon, FERGR and DJI show a correlation of 0.72 and fall into the Poor diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.
Ferrari |
Correlation analysis helps compare Ferrari Group with similar exposures for allocation context. In jurisdictions with wash sale rules, substantially identical replacements can be restricted; this view is informational only.
Moving together with Ferrari Stock
| 0.83 | PNL | PostNL NV | PairCorr |
| 0.85 | ASML | ASML Holding NV | PairCorr |
| 0.79 | ASM | ASM International | PairCorr |
| 0.72 | BESI | BE Semiconductor Ind | PairCorr |
| 0.73 | HAL | HAL Trust | PairCorr |
| 0.67 | HEIO | Heineken Holding | PairCorr |
| 0.73 | IMCD | IMCD NV | PairCorr |
| 0.76 | PBH | Stern Groep NV | PairCorr |
| 0.77 | GOLD | Amundi Physical Gold | PairCorr |
Moving against Ferrari Stock
Related Correlations Analysis
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 Ferrari Stock performing well and Ferrari Group 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 Ferrari Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PNL | 1.49 | 0.15 | 0.07 | -0.69 | 1.70 | 3.96 | 13.38 | |||
| BRNL | 1.27 | -0.19 | 0.00 | -1.36 | 0.00 | 2.26 | 9.93 | |||
| HYDRA | 1.11 | 0.30 | 0.15 | -1.20 | 0.79 | 3.00 | 9.76 | |||
| ENVI | 1.97 | -0.12 | 0.00 | -0.19 | 0.00 | 3.81 | 14.27 | |||
| ALFEN | 1.76 | -0.23 | 0.00 | -2.56 | 0.00 | 3.44 | 14.68 | |||
| MORE | 0.48 | 0.11 | 0.00 | -1.16 | 0.00 | 1.32 | 8.82 | |||
| SIFG | 1.90 | 0.06 | 0.02 | 0.26 | 2.21 | 4.96 | 16.04 | |||
| HEIJM | 1.84 | 0.49 | 0.25 | 4.14 | 1.38 | 4.63 | 20.29 |
Be your own money manager
Optimization tools can help investors judge whether capital allocated to Ferrari Group PLC is being used efficiently relative to other opportunities in the same equity universe. This is most useful when investors want to improve risk-adjusted return instead of simply owning more ideas at once.
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