POSBO UNSPADRS/20YC1 Correlations

3YB0 Stock

EUR 12.00 0.10 0.84%

The correlation of POSBO UNSPADRS/20YC1 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.

POSBO UNSPADRS/20YC1 Correlation With Market

Good diversification

The correlation between POSBO UNSPADRS20YC1 and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding POSBO UNSPADRS20YC1 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to POSBO UNSPADRS/20YC1 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace POSBO UNSPADRS/20YC1 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 POSBO UNSPADRS/20YC1 - 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 POSBO UNSPADRS20YC1 to buy it.

Moving together with POSBO Stock

0.84	3YB	Postal Savings Bank Earnings Call This Week	Pair Corr
0.91	CRIP	UNICREDIT SPA ADR	Pair Corr
0.91	SEBA	Skandinaviska Enskilda	Pair Corr
0.89	DBK	Deutsche Bank Aktien	Pair Corr
0.71	C6T	China Construction Bank Earnings Call This Week	Pair Corr
0.63	ICK	Industrial and Commercial Earnings Call This Week	Pair Corr
0.88	BSN	Danone SA	Pair Corr
0.93	5TP	BLUE LABEL	Pair Corr
0.64	HUKI	HUHTAMAKI	Pair Corr
0.89	TKA	thyssenkrupp AG	Pair Corr
0.71	KEI	KEISEI EL RAILWAY Split	Pair Corr
0.7	ROM	Rohm Co	Pair Corr
0.93	3RE	Rejlerkoncernen AB	Pair Corr
0.8	TLLB	Trelleborg AB	Pair Corr
0.9	JYS1	JYSKE BANK	Pair Corr
0.9	T62	TOHO ZINC LTD	Pair Corr
0.75	E908	Lyxor 1	Pair Corr
0.9	DBPE	Xtrackers LevDAX	Pair Corr

Moving against POSBO Stock

0.87	BZG2	PT Bank Central	Pair Corr
0.82	PJM	PT Bumi Resources	Pair Corr
0.82	OB8	PT Barito Pacific Earnings Call Tomorrow	Pair Corr
0.71	TCID	Telkom Indonesia Tbk Earnings Call Tomorrow	Pair Corr
0.68	BYRA	PT Bank Rakyat	Pair Corr
0.4	BBK	Truist Financial	Pair Corr
0.89	DBPD	Xtrackers ShortDAX	Pair Corr
0.33	T9V	TASTY PLC LS	Pair Corr

Related Correlations Analysis

	6QZ	2XI	BH5	FW3	96W	ISHA	4KH
6QZ		-1.0	0.0	0.0	0.0	0.0	1.0	6QZ
2XI	-1.0		0.0	0.0	0.0	0.0	-1.0	2XI
BH5	0.0	0.0		-0.55	-0.49	0.84	0.0	BH5
FW3	0.0	0.0	-0.55		0.03	-0.42	0.0	FW3
96W	0.0	0.0	-0.49	0.03		-0.64	0.0	96W
ISHA	0.0	0.0	0.84	-0.42	-0.64		0.0	ISHA
4KH	1.0	-1.0	0.0	0.0	0.0	0.0		4KH
	6QZ	2XI	BH5	FW3	96W	ISHA	4KH

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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

4KH	+ 1.0	6QZ
ISHA	+ 0.84	BH5
96W	+ 0.03	FW3
BH5	+ 0.0	6QZ
FW3	+ 0.0	6QZ
96W	+ 0.0	6QZ

High negative correlations

4KH	- 1.0	2XI
2XI	- 1.0	6QZ
ISHA	- 0.64	96W
FW3	- 0.55	BH5
96W	- 0.49	BH5
ISHA	- 0.42	FW3

Risk-Adjusted Indicators

There is a big difference between POSBO Stock performing well and POSBO UNSPADRS/20YC1 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 POSBO UNSPADRS/20YC1'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
6QZ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
2XI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BH5	1.55	0.29	0.15	0.35	1.56	(2.07)	2.76	(2.62)	19.12
FW3	0.78	0.06	0.00	0.15	0.00	0.00	2.73	0.00	30.91
96W	2.70	0.26	0.07	0.46	3.07	(3.66)	5.19	(5.56)	26.22
ISHA	2.18	0.24	0.08	1.77	2.87	(2.81)	4.90	(4.37)	27.37
4KH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in POSBO UNSPADRS/20YC1 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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