Sixt SE Correlations

Stocks . Germany . 
Stock . Sixt SE
SIX3 Stock  EUR 55.80  1.00  1.76%   
The current 90-days correlation between Sixt SE and TreeHouse Foods is 0.07 (i.e., Significant diversification). The correlation of Sixt SE 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.

Sixt SE Correlation With Market

Modest diversification

The correlation between Sixt SE and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sixt SE and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Sixt SE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sixt SE 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 Sixt SE - 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 Sixt SE to buy it.

Moving together with Sixt Stock

  0.71AUK AMERCOPairCorr
  0.74WS11 WillScot Mobile MiniPairCorr
  0.64CUCA Avis Budget GroupPairCorr
  0.98SIX3 Sixt SEPairCorr
  0.87SIX2 Sixt SEPairCorr
  0.67SVM Sovereign MetalsPairCorr
  0.8GOC Star DiamondPairCorr

Moving against Sixt Stock

  0.79UR3 United RentalsPairCorr
  0.79COA1 Comba Telecom SystemsPairCorr
  0.745TJ COMPUTER MODELLINGPairCorr
  0.59ODQ ODYSSEY GOLD LTDPairCorr
  0.42KB9 KBC Ancora SCAPairCorr
  0.340LC Ashtead Group plcPairCorr
  0.8E6Z AECOM TECHNOLOGYPairCorr
  0.8RYC ROYAL BANK CANADAPairCorr
  0.79COA1 COMBA TELECOM SYSTPairCorr
  0.784OQ1 AGNC INVESTMENTPairCorr
  0.75OLN OlinPairCorr
  0.72BHP1 BHP Group LimitedPairCorr
  0.7TLD Tinka Resources SplitPairCorr
  0.7MOB Monster Beverage CorpPairCorr
  0.68AY7A ASM Pacific TechnologyPairCorr
  0.67PNT Pentair plcPairCorr
  0.61UN3 UNITED NATURAL FDSPairCorr
  0.59KGHA KGHM Polska MiedzPairCorr
  0.56HAM1 Harmony Gold MiningPairCorr
  0.49M3V MeVis Medical SolutionsPairCorr
  0.33BWQ Advanced BlockchainPairCorr
  0.78LHL Lenovo Group LimitedPairCorr
  0.68WF3 Wesfarmers LimitedPairCorr
  0.673IW INVESCOPairCorr
  0.61GCB PTT Global ChemicalPairCorr
  0.6TSFA Taiwan Semiconductor Earnings Call This WeekPairCorr
  0.54PHI1 Koninklijke PhilipsPairCorr

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

AZU
+ 0.7
CVB
XSFA
+ 0.57
CVB
MOB
+ 0.57
AZU
BAC
+ 0.56
7SN
MOB
+ 0.51
CVB
XSFA
+ 0.46
MOB
  

High negative correlations

CVB
- 0.6
T4H
7SN
- 0.51
T4H
AZU
- 0.47
T4H
BAC
- 0.45
T4H
MOB
- 0.19
T4H
XSFA
- 0.12
T4H

Risk-Adjusted Indicators

There is a big difference between Sixt Stock performing well and Sixt SE 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 Sixt SE'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 Sixt SE 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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Sixt SE Corporate Management

Elected by the shareholders, the Sixt SE's board of directors comprises two types of representatives: Sixt SE inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sixt. The board's role is to monitor Sixt SE's management team and ensure that shareholders' interests are well served. Sixt SE'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, Sixt SE's outside directors are responsible for providing unbiased perspectives on the board's policies.
Kai AndrejewskiCFO BoardProfile
Alexander SixtJoint CoCEOProfile
Vinzenz PflanzChief BoardProfile
Nico GabrielCOO BoardProfile
James AdamsChief BoardProfile
Konstantin SixtJoint CoCEOProfile
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