MASI AGRICOLA Correlations

0CY Stock

EUR 4.28 0.04 0.94%

The current 90-days correlation between MASI AGRICOLA SPA and LANSON BCC INH EO is 0.06 (i.e., Significant diversification). The correlation of MASI AGRICOLA 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.

MASI AGRICOLA Correlation With Market

Good diversification

The correlation between MASI AGRICOLA SPA and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MASI AGRICOLA SPA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to MASI AGRICOLA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MASI AGRICOLA 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 MASI AGRICOLA - 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 MASI AGRICOLA SPA to buy it.

Moving together with MASI Stock

0.66

28Q

Altia Oyj

Pair Corr

Moving against MASI Stock

0.59	UM9	AS Latvijas balzams	Pair Corr
0.53	CYL	CRYOLIFE	Pair Corr
0.51	CYL	CryoLife	Pair Corr
0.44	WDC	WESTERN DIGITAL	Pair Corr
0.43	WDC	WESTERN DIGITAL	Pair Corr
0.43	WDC	Western Digital	Pair Corr
0.42	WDC	WESTERN DIGITAL	Pair Corr
0.38	1W7	AMBRA SA A	Pair Corr
0.37	WDC	WESTERN DIGITAL	Pair Corr
0.65	QAN	Qantas Airways	Pair Corr
0.62	NT4	Northern Trust	Pair Corr
0.6	ZIM	Zimmer Biomet Holdings	Pair Corr
0.56	HXL	Hexcel	Pair Corr
0.52	EN3	Enbridge	Pair Corr
0.51	GKD	Grand Canyon Education	Pair Corr
0.49	6GAA	Grupo Aval Acciones	Pair Corr
0.47	CQD	Charter Communications	Pair Corr
0.46	WX7	Corporate Office Pro	Pair Corr
0.46	APC	Apple Inc	Pair Corr
0.43	HIP	Park Hotels Resorts	Pair Corr
0.39	W5E	Peel Mining Limited	Pair Corr
0.35	RZH	SCOTT TECHNOLOGY	Pair Corr
0.32	D2V	PARKEN Sport Enterta	Pair Corr
0.59	EQN2	Equinix	Pair Corr
0.55	ADH2	Air Canada	Pair Corr
0.54	WD5A	TRAVEL LEISURE DL	Pair Corr
0.54	M4I	Mastercard	Pair Corr

Related Correlations Analysis

	GUI	BF5A	58H	28Q	GQ6	0CY	1W7	UM9	3RW
GUI		0.85	0.81	0.58	0.51	0.35	-0.57	-0.63	0.0	GUI
BF5A	0.85		0.78	0.46	0.46	0.24	-0.41	-0.5	0.0	BF5A
58H	0.81	0.78		0.82	0.8	0.47	-0.7	-0.82	0.0	58H
28Q	0.58	0.46	0.82		0.9	0.66	-0.67	-0.89	0.0	28Q
GQ6	0.51	0.46	0.8	0.9		0.53	-0.5	-0.92	0.0	GQ6
0CY	0.35	0.24	0.47	0.66	0.53		-0.38	-0.59	0.0	0CY
1W7	-0.57	-0.41	-0.7	-0.67	-0.5	-0.38		0.57	0.0	1W7
UM9	-0.63	-0.5	-0.82	-0.89	-0.92	-0.59	0.57		0.0	UM9
3RW	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		3RW
	GUI	BF5A	58H	28Q	GQ6	0CY	1W7	UM9	3RW

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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

GQ6	+ 0.9	28Q
BF5A	+ 0.85	GUI
28Q	+ 0.82	58H
58H	+ 0.81	GUI
GQ6	+ 0.8	58H
58H	+ 0.78	BF5A

High negative correlations

UM9	- 0.92	GQ6
UM9	- 0.89	28Q
UM9	- 0.82	58H
1W7	- 0.7	58H
1W7	- 0.67	28Q
UM9	- 0.63	GUI

Risk-Adjusted Indicators

There is a big difference between MASI Stock performing well and MASI AGRICOLA 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 MASI AGRICOLA'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
GUI	1.12	0.00	(0.02)	(0.23)	1.33	(1.37)	2.74	(2.18)	9.13
BF5A	1.39	(0.11)	0.00	(0.59)	0.00	0.00	2.45	(3.05)	14.29
58H	2.16	(0.28)	0.00	(1.11)	0.00	0.00	4.35	(4.66)	19.97
28Q	1.30	(0.60)	0.00	2.07	0.00	0.00	1.71	(3.58)	14.60
GQ6	1.02	(0.22)	0.00	1.27	0.00	0.00	1.74	(2.67)	7.22
0CY	1.15	(0.05)	0.00	1.59	0.00	0.00	2.11	(2.26)	7.99
1W7	1.60	0.23	0.09	0.58	1.89	(2.13)	3.12	(2.54)	25.43
UM9	0.08	0.02	0.00	(0.35)	0.00	0.00	0.00	0.00	2.22
3RW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in MASI AGRICOLA 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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