Odyssean Investment Correlations

Stocks . Germany . 
Stock . Odyssean Investment Trust
2HZ Stock  EUR 1.81  0.02  1.12%   
The current 90-days correlation between Odyssean Investment Trust and Apple Inc is 0.04 (i.e., Significant diversification). The correlation of Odyssean Investment 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.

Odyssean Investment Correlation With Market

Significant diversification

The correlation between Odyssean Investment Trust and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Odyssean Investment Trust and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Odyssean Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Odyssean Investment 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 Odyssean Investment - 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 Odyssean Investment Trust to buy it.

Moving together with Odyssean Stock

  0.82SSU Samsung ElectronicsPairCorr
  0.78SSUN Samsung ElectronicsPairCorr
  0.79SSUN Samsung ElectronicsPairCorr
  0.81SSU Samsung ElectronicsPairCorr
  0.61TCID Telkom Indonesia TbkPairCorr
  0.7TCID Telkom Indonesia TbkPairCorr
  0.73PTI Perusahaan PerseroanPairCorr
  0.63TCID Telkom Indonesia TbkPairCorr
  0.73TCID Telkom Indonesia TbkPairCorr

Moving against Odyssean Stock

  0.73APC Apple IncPairCorr
  0.72APC Apple IncPairCorr
  0.72APC Apple IncPairCorr
  0.72APC Apple IncPairCorr
  0.71APC Apple IncPairCorr
  0.71APC Apple IncPairCorr
  0.71MSF MicrosoftPairCorr
  0.7MSF MicrosoftPairCorr
  0.69MSF MicrosoftPairCorr
  0.69MSF MicrosoftPairCorr
  0.892CDA Controladora Vuela CompaaPairCorr
  0.872T9A TRAINLINE PLC LSPairCorr
  0.85WD5A TRAVEL LEISURE DLPairCorr
  0.77EN3 EnbridgePairCorr
  0.77FFH Fifth Third BancorpPairCorr
  0.75WX7 Corporate Office ProPairCorr
  0.71MSF MicrosoftPairCorr
  0.69TSFA Taiwan SemiconductorPairCorr
  0.670XHR Xenia Hotels ResortsPairCorr
  0.56RS6 RELIANCE STEEL ALPairCorr
  0.49KOMA KOMATSU LTD SPONSPairCorr
  0.48D4G Datametrex AI LimitedPairCorr
  0.86WX1 Acadia Realty TrustPairCorr
  0.84RC2 RCM TECHNOLOGIESPairCorr
  0.77LIE Sun Life FinancialPairCorr
  0.77PPB Flutter Entertainment PLCPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Odyssean Stock performing well and Odyssean Investment 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 Odyssean Investment'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
APC  0.88  0.27  0.21  1.71  0.89 
(0.97)
 1.81 
(1.75)
 4.97 
APC  0.84  0.27  0.20  4.25  0.97 
(0.93)
 1.88 
(1.73)
 5.24 
APC  0.84  0.28  0.23  5.35  0.82 
(0.93)
 2.06 
(1.76)
 4.50 
APC  0.91  0.29  0.19  20.62  1.05 
(0.98)
 2.22 
(1.83)
 6.45 
APC  0.95  0.29  0.25 (3.78) 0.75 
(1.12)
 2.83 
(1.69)
 5.24 
APC  0.83  0.28  0.21  1.38  1.00 
(0.93)
 1.88 
(1.61)
 6.46 
MSF  0.97  0.10  0.06  1.09  1.27 
(1.17)
 2.55 
(1.61)
 8.71 
MSF  1.06  0.10  0.05  1.29  1.41 
(1.17)
 2.35 
(1.92)
 9.11 
MSF  1.01  0.11  0.05  1.00  1.49 
(1.16)
 2.42 
(1.93)
 11.42 
MSF  0.91  0.13  0.07 (5.19) 1.33 
(0.99)
 2.04 
(1.49)
 8.79 

Be your own money manager

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

Did you try this?

Run Risk-Return Analysis Now

   

Risk-Return Analysis

View associations between returns expected from investment and the risk you assume
All  Next Launch Module
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY