ABO GROUP Correlations

Stocks . Germany . 
Stock . ABO GROUP ENVIRONMENT
3T61 Stock   4.82  0.10  2.12%   
The current 90-days correlation between ABO GROUP ENVIRONMENT and Apple Inc is -0.07 (i.e., Good diversification). The correlation of ABO 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.

ABO GROUP Correlation With Market

Significant diversification

The correlation between ABO GROUP ENVIRONMENT and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ABO GROUP ENVIRONMENT and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to ABO 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 ABO 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 ABO 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 ABO GROUP ENVIRONMENT to buy it.

Moving against ABO Stock

  0.83MSF MicrosoftPairCorr
  0.83MSF MicrosoftPairCorr
  0.83MSF MicrosoftPairCorr
  0.83MSF MicrosoftPairCorr
  0.82APC Apple IncPairCorr
  0.82APC Apple IncPairCorr
  0.82APC Apple IncPairCorr
  0.81APC Apple IncPairCorr
  0.81APC Apple IncPairCorr
  0.8APC Apple IncPairCorr
  0.59E908 Lyxor 1PairCorr
  0.46DBPE Xtrackers LevDAXPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between ABO Stock performing well and ABO 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 ABO 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
APC  1.01  0.22  0.10  1.35  1.15 
(1.09)
 2.12 
(1.96)
 6.17 
APC  0.96  0.22  0.10  1.22  1.19 
(1.03)
 2.09 
(2.07)
 6.90 
APC  0.96  0.20  0.11  0.63  1.07 
(1.04)
 2.23 
(1.83)
 5.72 
APC  1.03  0.25  0.10 (6.20) 1.24 
(1.10)
 2.24 
(2.12)
 9.79 
APC  1.03  0.25  0.12 (4.95) 0.99 
(1.20)
 2.83 
(2.01)
 8.21 
APC  0.94  0.24  0.11  4.00  1.13 
(1.04)
 2.29 
(1.78)
 7.12 
MSF  0.96  0.12  0.04  0.64  1.21 
(1.20)
 2.55 
(1.46)
 8.71 
MSF  1.01  0.15  0.05  2.05  1.29 
(1.17)
 2.35 
(1.56)
 9.11 
MSF  1.01  0.14  0.04  1.66  1.44 
(1.19)
 2.42 
(1.55)
 11.42 
MSF  0.94  0.16  0.05  3.45  1.26 
(1.05)
 2.04 
(1.48)
 8.79 

ABO GROUP Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ABO GROUP stock to make a market-neutral strategy. Peer analysis of ABO GROUP could also be used in its relative valuation, which is a method of valuing ABO GROUP by comparing valuation metrics with similar companies.
 Risk & Return  Correlation
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