JINS HOLDINGS Correlations

Stocks . Germany . 
Stock . JINS HOLDINGS INC
5F3 Stock  EUR 41.00  1.00  2.50%   
The current 90-days correlation between JINS HOLDINGS INC and SmarTone Telecommunications Holdings is -0.08 (i.e., Good diversification). The correlation of JINS HOLDINGS 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.
  
The ability to find closely correlated positions to JINS HOLDINGS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JINS HOLDINGS 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 JINS HOLDINGS - 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 JINS HOLDINGS INC to buy it.

Moving together with JINS Stock

  0.65ESLC ESSILORLUXOTTICA 12ONPairCorr
  0.67ESL EssilorLuxottica SocitPairCorr
  0.63SRT4 SARTORIUS AG UNSPADRPairCorr
  0.66E908 Lyxor 1PairCorr

Moving against JINS Stock

  0.39DBPD Xtrackers ShortDAXPairCorr

Related Correlations Analysis

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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   
BMT
+ 1.0
BMT
CMW
+ 0.69
SMA
TM9
+ 0.53
0AI1
0AI1
+ 0.3
CMW
0AI1
+ 0.19
SMA
BMT
+ 0.18
CMW
  
High negative correlations   
TM9
- 0.13
SMA
TM9
- 0.03
BMT
TM9
- 0.03
CMW
BMT
- 0.01
CQD
BMT
- 0.0
CQD

Risk-Adjusted Indicators

There is a big difference between JINS Stock performing well and JINS HOLDINGS 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 JINS HOLDINGS'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in JINS HOLDINGS 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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