Korian Correlations

Stocks Germany . 
Stock . Korian
KO2 Stock  EUR 3.60  0.05  1.41%   
The current 90-days correlation between Korian and KAUFMAN ET BROAD is -0.05 (i.e., Good diversification). The correlation of Korian 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Korian Correlation With Market

Good diversification

The correlation between Korian and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Korian and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Korian could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Korian 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 Korian - 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 Korian to buy it.

Moving together with Korian Stock

  0.65PUMA PUMA SE UNSPADRPairCorr
  0.79IMY Immsi SpAPairCorr

Moving against Korian Stock

  0.83HIUC China Taiping InsurancePairCorr
  0.81IUI1 INTUITIVE SURGICALPairCorr
  0.77CFS5 Coca Cola FEMSAPairCorr
  0.76XONA Exxon MobilPairCorr
  0.76NXG NEXT plcPairCorr
  0.75ICK Industrial and CommercialPairCorr
  0.75ENI1 Eni SpAPairCorr
  0.72TCID Telkom Indonesia TbkPairCorr
  0.714FV Grupo Simec SABPairCorr
  0.68STD0 STANDARD CHARTUNSPADR2PairCorr
  0.67F03 FortivePairCorr
  0.67HP6H Harbin ElectricPairCorr
  0.66C6T China Construction BankPairCorr
  0.6636 Sienna Senior LivingPairCorr
  0.581U1 11 AGPairCorr
  0.53RH7 Ryman HealthcarePairCorr
  0.52INN1 ING Groep NVPairCorr
  0.51PJM PT Bumi ResourcesPairCorr
  0.47NVPJ TMBThanachart Bank PublicPairCorr
  0.46EGB Ensign GroupPairCorr
  0.42BWI BRUNSWICKPairCorr
  0.78XSDG Samsung SDIPairCorr
  0.78WDC WESTERN DIGITALPairCorr
  0.77ABG AmerisourceBergenPairCorr
  0.77HI4 Huntington IngallsPairCorr
  0.76JATA JAPAN TOBACCO UNSPADR12PairCorr
  0.74CPM China Merchants PortPairCorr
  0.733L3 Tactile Systems TechPairCorr
  0.73NCB Bank of AmericaPairCorr

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

A2P
+ 0.78
S92
9TG
+ 0.69
RZH
9TG
+ 0.62
S92
A2P
+ 0.61
RZH
S92
+ 0.59
RZH
9TG
+ 0.57
A2P
  

High negative correlations

S92
- 0.91
8L8
9TG
- 0.76
8L8
A2P
- 0.7
8L8
8L8
- 0.68
RZH
3GH
- 0.6
62XA
S92
- 0.45
62XA

Risk-Adjusted Indicators

There is a big difference between Korian Stock performing well and Korian 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 Korian'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Korian 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.

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Korian Corporate Management

Elected by the shareholders, the Korian's board of directors comprises two types of representatives: Korian inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Korian. The board's role is to monitor Korian's management team and ensure that shareholders' interests are well served. Korian'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, Korian's outside directors are responsible for providing unbiased perspectives on the board's policies.
Marion CardonGroup OfficerProfile
Philippe GarinChief OfficerProfile
Philippe LonnChief OfficerProfile
CharlesAntoine PinelChief DevelProfile
Bart BotsGroup OfficerProfile
Rmi BoyerGroup OfficerProfile
Nicolas MerigotEx FranceProfile
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