TINC Comm Correlations

Stocks . Germany . 
Stock . TINC Comm VA
5TI Stock  EUR 10.56  0.08  0.76%   
The current 90-days correlation between TINC Comm VA and Transport International Holdings is 0.3 (i.e., Weak diversification). The correlation of TINC Comm 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 TINC Comm could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TINC Comm 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 TINC Comm - 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 TINC Comm VA to buy it.

Moving together with TINC Stock

  0.72DBPD Xtrackers ShortDAXPairCorr

Moving against TINC Stock

  0.7DBPE Xtrackers LevDAXPairCorr
  0.63E908 Lyxor 1PairCorr
  0.66GAA Grupo Aval AccionesPairCorr
  0.596GAA Grupo Aval AccionesPairCorr
  0.53MFZA Mitsubishi UFJ FinancialPairCorr
  0.5BN9 The BankPairCorr
  0.49WY8 Universal Health RealtyPairCorr
  0.44VVDH Veolia EnvironnementPairCorr
  0.416EQ EQT ABPairCorr
  0.41ECHA Ecopetrol SAPairCorr
  0.4ECHA Ecopetrol SAPairCorr

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   
WN6
+ 0.95
WN6
59V
+ 0.77
CN6
WN6
+ 0.56
4GF
WN6
+ 0.51
4GF
59V
+ 0.34
9TG
CN6
+ 0.26
9TG
  
High negative correlations   
WN6
- 0.52
59V
WN6
- 0.48
59V
WN6
- 0.46
CN6
WN6
- 0.45
CN6
KWO
- 0.24
59V
KWO
- 0.18
CN6

Risk-Adjusted Indicators

There is a big difference between TINC Stock performing well and TINC Comm 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 TINC Comm'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 TINC Comm 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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