COMPUTER MODELLING Correlations
| 5TJ Stock | EUR 3.80 0.00 0.00% |
The current 90-days correlation between COMPUTER MODELLING and Apple Inc is 0.01 (i.e., Significant diversification). The correlation of COMPUTER MODELLING 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.
COMPUTER MODELLING Correlation With Market
Good diversification
The correlation between COMPUTER MODELLING and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding COMPUTER MODELLING and DJI in the same portfolio, assuming nothing else is changed.
COMPUTER |
The ability to find closely correlated positions to COMPUTER MODELLING could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace COMPUTER MODELLING 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 COMPUTER MODELLING - 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 COMPUTER MODELLING to buy it.
Moving together with COMPUTER Stock
| 0.84 | APC | Apple Inc | PairCorr |
| 0.85 | APC | Apple Inc | PairCorr |
| 0.84 | APC | Apple Inc | PairCorr |
| 0.84 | APC | Apple Inc | PairCorr |
| 0.77 | MSF | Microsoft | PairCorr |
| 0.77 | MSF | Microsoft | PairCorr |
| 0.79 | MSF | Microsoft | PairCorr |
| 0.8 | MSF | Microsoft | PairCorr |
| 0.79 | MSF | Microsoft | PairCorr |
| 0.79 | AMZ | Amazon Inc | PairCorr |
| 0.82 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.71 | E908 | Lyxor 1 | PairCorr |
Moving against COMPUTER Stock
| 0.82 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.76 | PQ9 | BANK MANDIRI | PairCorr |
| 0.75 | BYRA | BANK RAKYAT IND | PairCorr |
| 0.71 | PQ9 | BANK MANDIRI | PairCorr |
| 0.64 | BYRA | BANK RAKYAT IND | PairCorr |
| 0.62 | PQ9 | PT Bank Mandiri | PairCorr |
| 0.6 | PQ9 | BANK MANDIRI | PairCorr |
| 0.59 | BYRA | PT Bank Rakyat | PairCorr |
| 0.5 | BYRA | PT Bank Rakyat | PairCorr |
| 0.43 | BZG2 | BANK CENTRAL ASIA | PairCorr |
| 0.41 | BZG2 | BANK CENTRAL ASIA | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between COMPUTER Stock performing well and COMPUTER MODELLING 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 COMPUTER MODELLING'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| APC | 0.94 | 0.22 | 0.14 | 2.26 | 1.18 | 2.22 | 6.45 | |||
| APC | 0.93 | 0.22 | 0.16 | (1.70) | 1.02 | 1.81 | 5.21 | |||
| APC | 0.90 | 0.22 | 0.16 | (1.89) | 1.12 | 1.88 | 6.46 | |||
| APC | 0.99 | 0.22 | 0.18 | (0.85) | 0.89 | 2.83 | 5.24 | |||
| MSF | 1.03 | 0.11 | 0.06 | (0.77) | 1.51 | 2.42 | 11.42 | |||
| MSF | 1.02 | 0.10 | 0.06 | (0.52) | 1.39 | 2.35 | 9.11 | |||
| MSF | 0.90 | 0.10 | 0.05 | (1.00) | 1.34 | 2.04 | 8.79 | |||
| MSF | 0.96 | 0.10 | 0.06 | (1.29) | 1.29 | 2.55 | 8.71 |
Be your own money manager
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