Echiquier Major Correlations

0P0000OQRJ

EUR 406.36 0.00 0.00%

The current 90-days correlation between Echiquier Major SRI and Renaissance Europe C is 0.88 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Echiquier Major moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Echiquier Major SRI moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Echiquier Major Correlation With Market

Good diversification

The correlation between Echiquier Major SRI and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Echiquier Major SRI and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Echiquier Fund

0.83	E908	Lyxor 1	Pair Corr
0.82	DBPE	Xtrackers LevDAX	Pair Corr

Moving against Echiquier Fund

0.83

DBPD

Xtrackers ShortDAX

Pair Corr

Related Correlations Analysis

	0P00000PM8	0P0000OQRJ	0P0001338C	8SP	INL	VOW	RS6	RRU	XYTA	9K1
0P00000PM8		0.48	0.96	0.79	-0.41	0.83	-0.61	-0.2	0.13	0.51	0P00000PM8
0P0000OQRJ	0.48		0.46	0.23	-0.53	0.07	0.02	0.54	-0.12	-0.4	0P0000OQRJ
0P0001338C	0.96	0.46		0.79	-0.44	0.83	-0.63	-0.25	-0.01	0.47	0P0001338C
8SP	0.79	0.23	0.79		-0.29	0.72	-0.52	-0.37	0.0	0.52	8SP
INL	-0.41	-0.53	-0.44	-0.29		-0.39	0.6	-0.26	0.05	0.23	INL
VOW	0.83	0.07	0.83	0.72	-0.39		-0.86	-0.43	0.1	0.66	VOW
RS6	-0.61	0.02	-0.63	-0.52	0.6	-0.86		0.32	-0.12	-0.5	RS6
RRU	-0.2	0.54	-0.25	-0.37	-0.26	-0.43	0.32		0.03	-0.67	RRU
XYTA	0.13	-0.12	-0.01	0.0	0.05	0.1	-0.12	0.03		0.39	XYTA
9K1	0.51	-0.4	0.47	0.52	0.23	0.66	-0.5	-0.67	0.39		9K1
	0P00000PM8	0P0000OQRJ	0P0001338C	8SP	INL	VOW	RS6	RRU	XYTA	9K1

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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

0P0001338C	+ 0.96	0P00000PM8
VOW	+ 0.83	0P00000PM8
VOW	+ 0.83	0P0001338C
8SP	+ 0.79	0P00000PM8
8SP	+ 0.79	0P0001338C
VOW	+ 0.72	8SP

High negative correlations

RS6	- 0.86	VOW
9K1	- 0.67	RRU
RS6	- 0.63	0P0001338C
RS6	- 0.61	0P00000PM8
INL	- 0.53	0P0000OQRJ
RS6	- 0.52	8SP

Risk-Adjusted Indicators

There is a big difference between Echiquier Fund performing well and Echiquier Major Fund 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 Echiquier Major'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
0P00000PM8	0.64	(0.08)	0.00	(3.77)	0.00	0.00	1.10	(1.76)	4.32
0P0000OQRJ	0.50	0.00	(0.03)	0.05	0.70	(0.53)	1.14	(1.43)	3.13
0P0001338C	0.51	(0.07)	0.00	1.35	0.00	0.00	0.67	(1.13)	3.02
8SP	2.12	(0.22)	0.00	(0.23)	0.00	0.00	3.36	(4.50)	20.22
INL	2.41	(0.04)	0.00	0.34	0.00	0.00	5.87	(5.34)	16.28
VOW	1.27	(0.10)	0.00	0.38	0.00	0.00	3.10	(2.65)	9.42
RS6	1.39	0.04	0.01	0.15	1.58	(1.53)	2.15	(2.93)	15.24
RRU	1.46	0.18	0.08	8.31	1.72	(1.60)	3.10	(2.92)	9.56
XYTA	12.41	4.01	0.14	(195.37)	8.83	(55.21)	33.33	(25.00)	233.33
9K1	1.88	(0.21)	0.00	1.38	0.00	0.00	3.59	(4.66)	14.80

Be your own money manager

Our tools can tell you how much better you can do entering a position in Echiquier Major 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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