ACHETER-LOUER Correlations

2ZT Stock

EUR 0.22 0.02 8.33%

The current 90-days correlation between ACHETER LOUER EO and Publicis Groupe SA is 0.02 (i.e., Significant diversification). The correlation of ACHETER-LOUER 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.

ACHETER-LOUER Correlation With Market

Significant diversification

The correlation between ACHETER LOUER EO 145612 and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ACHETER LOUER EO 145612 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to ACHETER-LOUER could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ACHETER-LOUER 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 ACHETER-LOUER - 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 ACHETER LOUER EO 145612 to buy it.

Moving together with ACHETER-LOUER Stock

0.71	DEN	Dentsu Group	Pair Corr
0.94	DCS	JCDecaux SA	Pair Corr
0.96	SAX	Strer SE	Pair Corr
0.88	VOWB	VOLKSWAGEN AG VZ	Pair Corr
0.86	VOW3	Volkswagen AG VZO	Pair Corr
0.87	VOW3	Volkswagen AG	Pair Corr
0.89	VOW	Volkswagen AG	Pair Corr
0.71	LHL1	Lenovo Group Limited	Pair Corr

Moving against ACHETER-LOUER Stock

0.92	AMZ	Amazon Inc	Pair Corr
0.91	WMT	Walmart	Pair Corr
0.91	WMT	Walmart	Pair Corr
0.91	AMZ	Amazon Inc	Pair Corr
0.84	0WP	WPP PLC	Pair Corr
0.84	0WPA	WPP PLC ADR	Pair Corr
0.68	PU4	Publicis Groupe SA	Pair Corr
0.56	CSA	Accenture plc	Pair Corr
0.43	CL2	CyberAgent	Pair Corr
0.95	BKJ	Brinker International	Pair Corr
0.91	EM4	EMCOR Group	Pair Corr
0.89	2KD	Kinder Morgan	Pair Corr
0.83	MNL	Gruppo Mutuionline SpA	Pair Corr
0.82	MTLA	Motorola Solutions	Pair Corr
0.77	TLX	Talanx AG	Pair Corr
0.75	XGH	ENN Energy Holdings	Pair Corr
0.74	APC	Apple Inc	Pair Corr
0.6	TC7	TIANDE CHEMICAL	Pair Corr
0.51	CNN1	Canon Inc	Pair Corr
0.39	5AM	Hastings Technology	Pair Corr
0.32	D7P	Liaoning Port CoLtd	Pair Corr
0.96	GM0N	GLOBUS MEDICAL A	Pair Corr
0.92	4GNB	Wal Mart de	Pair Corr
0.92	ATR0	ATHENE HOLDING PRFSERC	Pair Corr
0.9	CCJ	Cincinnati Financial	Pair Corr

Related Correlations Analysis

	PU4	OCN	0WP	0WPA	DCS	CL2	SAX
PU4		-0.21	0.77	0.74	-0.58	0.61	-0.62	PU4
OCN	-0.21		-0.05	0.02	-0.14	-0.46	0.03	OCN
0WP	0.77	-0.05		0.96	-0.84	0.45	-0.8	0WP
0WPA	0.74	0.02	0.96		-0.84	0.38	-0.79	0WPA
DCS	-0.58	-0.14	-0.84	-0.84		-0.28	0.96	DCS
CL2	0.61	-0.46	0.45	0.38	-0.28		-0.33	CL2
SAX	-0.62	0.03	-0.8	-0.79	0.96	-0.33		SAX
	PU4	OCN	0WP	0WPA	DCS	CL2	SAX

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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

0WPA	+ 0.96	0WP
SAX	+ 0.96	DCS
0WP	+ 0.77	PU4
0WPA	+ 0.74	PU4
CL2	+ 0.61	PU4
CL2	+ 0.45	0WP

High negative correlations

DCS	- 0.84	0WPA
DCS	- 0.84	0WP
SAX	- 0.8	0WP
SAX	- 0.79	0WPA
SAX	- 0.62	PU4
DCS	- 0.58	PU4

Risk-Adjusted Indicators

There is a big difference between ACHETER-LOUER Stock performing well and ACHETER-LOUER 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 ACHETER-LOUER'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
PU4	1.21	0.04	0.02	0.08	1.51	(1.27)	2.74	(2.24)	10.43
OCN	1.21	(0.13)	0.00	(0.12)	0.00	0.00	2.48	(3.00)	12.33
0WP	1.22	0.17	0.11	0.98	1.10	(1.69)	2.94	(1.94)	8.95
0WPA	1.17	0.16	0.09	0.36	1.26	(1.47)	2.17	(2.80)	8.48
DCS	1.39	(0.40)	0.00	(2.33)	0.00	0.00	2.11	(3.08)	13.66
CL2	1.40	0.03	0.01	0.09	1.72	(1.76)	3.23	(2.16)	9.63
SAX	1.12	(0.28)	0.00	1.95	0.00	0.00	1.41	(2.47)	6.45

Be your own money manager

Our tools can tell you how much better you can do entering a position in ACHETER-LOUER 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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