FATFISH GROUP Correlations

1JU Stock

EUR 0.01 0 23.08%

The current 90-days correlation between FATFISH GROUP LTD and Zijin Mining Group is 0.01 (i.e., Significant diversification). The correlation of FATFISH 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. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

FATFISH GROUP Correlation With Market

Average diversification

The correlation between FATFISH GROUP LTD and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FATFISH GROUP LTD and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with FATFISH Stock

0.73	DWD	Morgan Stanley	Pair Corr
0.72	DWD	Morgan Stanley	Pair Corr
0.75	SWG	Charles Schwab	Pair Corr
0.69	GOS	Goldman Sachs	Pair Corr
0.7	GOS	Goldman Sachs	Pair Corr
0.7	KR51	KKR Co LP	Pair Corr
0.67	3HM	MSCI Inc	Pair Corr
0.69	KBIA	KB Financial Group	Pair Corr
0.67	FHL	Federal Home Loan	Pair Corr
0.71	APC	Apple Inc	Pair Corr

Moving against FATFISH Stock

0.56	TKDA	Takeda Pharmaceutical	Pair Corr
0.42	OIXA	Orix Corp Ads	Pair Corr
0.4	OIX	ORIX	Pair Corr
0.38	DBPD	Xtrackers ShortDAX	Pair Corr
0.31	SUMB	SUMITOMO P SP	Pair Corr

Related Correlations Analysis

	FJZ	TT8	T2G	4JF	QBI	CNJ	WN6	WCLA
FJZ		0.24	-0.28	0.41	0.0	-0.55	0.01	0.55	FJZ
TT8	0.24		-0.04	-0.39	0.22	-0.05	0.81	-0.1	TT8
T2G	-0.28	-0.04		0.0	-0.56	0.22	0.25	-0.41	T2G
4JF	0.41	-0.39	0.0		-0.2	-0.2	-0.34	0.61	4JF
QBI	0.0	0.22	-0.56	-0.2		0.23	0.09	0.19	QBI
CNJ	-0.55	-0.05	0.22	-0.2	0.23		0.31	-0.11	CNJ
WN6	0.01	0.81	0.25	-0.34	0.09	0.31		-0.23	WN6
WCLA	0.55	-0.1	-0.41	0.61	0.19	-0.11	-0.23		WCLA
	FJZ	TT8	T2G	4JF	QBI	CNJ	WN6	WCLA

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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

WN6	+ 0.81	TT8
WCLA	+ 0.61	4JF
WCLA	+ 0.55	FJZ
4JF	+ 0.41	FJZ
WN6	+ 0.31	CNJ
WN6	+ 0.25	T2G

High negative correlations

QBI	- 0.56	T2G
CNJ	- 0.55	FJZ
WCLA	- 0.41	T2G
4JF	- 0.39	TT8
WN6	- 0.34	4JF
T2G	- 0.28	FJZ

Risk-Adjusted Indicators

There is a big difference between FATFISH Stock performing well and FATFISH 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 FATFISH 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
FJZ	3.22	0.08	(0.02)	(0.15)	4.04	(3.48)	6.75	(7.57)	18.51
TT8	1.68	0.31	0.09	0.48	2.57	(1.74)	5.33	(2.18)	18.48
T2G	0.25	(0.01)	0.00	0.20	0.00	0.00	0.56	(0.56)	4.48
4JF	1.49	0.03	(0.06)	(0.08)	1.62	(2.36)	4.21	(3.03)	11.79
QBI	0.03	0.00	0.00	0.48	0.00	0.00	0.00	0.00	1.01
CNJ	1.13	0.12	0.01	0.81	1.05	(1.65)	2.76	(2.08)	6.62
WN6	1.03	0.08	0.03	0.23	0.94	(1.66)	2.65	(2.59)	6.16
WCLA	1.91	0.16	0.02	1.08	2.43	(2.23)	4.11	(4.09)	13.59

Be your own money manager

Our tools can tell you how much better you can do entering a position in FATFISH GROUP 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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