VARIOUS EATERIES Correlations

63U Stock

EUR 0.13 0.01 7.14%

The current 90-days correlation between VARIOUS EATERIES and TRADEGATE is -0.21 (i.e., Very good diversification). The correlation of VARIOUS EATERIES 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.

VARIOUS EATERIES Correlation With Market

Significant diversification

The correlation between VARIOUS EATERIES LS and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VARIOUS EATERIES LS and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to VARIOUS EATERIES could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace VARIOUS EATERIES 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 VARIOUS EATERIES - 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 VARIOUS EATERIES LS to buy it.

Moving together with VARIOUS Stock

0.91	C9F	Chipotle Mexican Grill	Pair Corr
0.83	DBPD	Xtrackers ShortDAX	Pair Corr

Moving against VARIOUS Stock

0.92	5TP	BLUE LABEL	Pair Corr
0.91	JYS1	JYSKE BANK	Pair Corr
0.89	BSN	Danone SA	Pair Corr
0.88	3RE	Rejlerkoncernen AB	Pair Corr
0.83	DBPE	Xtrackers LevDAX	Pair Corr
0.7	KEI	KEISEI EL RAILWAY Split	Pair Corr
0.66	E908	Lyxor 1	Pair Corr
0.65	ROM	Rohm Co	Pair Corr
0.59	TGR	Yum Brands	Pair Corr
0.59	HUKI	HUHTAMAKI	Pair Corr
0.47	MRG	Outcrop Silver Gold	Pair Corr
0.4	0YU	Yum China Holdings	Pair Corr
0.38	T62	TOHO ZINC LTD	Pair Corr
0.34	MDO	McDonalds	Pair Corr

Related Correlations Analysis

	T2G	MSI	37H	JATA	SRI	LLC	LDD
T2G		-0.04	-0.1	0.2	-0.08	-0.14	0.31	T2G
MSI	-0.04		0.39	-0.1	0.21	-0.5	-0.55	MSI
37H	-0.1	0.39		-0.34	0.21	-0.26	-0.5	37H
JATA	0.2	-0.1	-0.34		-0.28	0.08	0.44	JATA
SRI	-0.08	0.21	0.21	-0.28		-0.29	-0.29	SRI
LLC	-0.14	-0.5	-0.26	0.08	-0.29		0.43	LLC
LDD	0.31	-0.55	-0.5	0.44	-0.29	0.43		LDD
	T2G	MSI	37H	JATA	SRI	LLC	LDD

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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

LDD	+ 0.44	JATA
LDD	+ 0.43	LLC
37H	+ 0.39	MSI
LDD	+ 0.31	T2G
SRI	+ 0.21	MSI
SRI	+ 0.21	37H

High negative correlations

LDD	- 0.55	MSI
LDD	- 0.5	37H
LLC	- 0.5	MSI
JATA	- 0.34	37H
LDD	- 0.29	SRI
LLC	- 0.29	SRI

Risk-Adjusted Indicators

There is a big difference between VARIOUS Stock performing well and VARIOUS EATERIES 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 VARIOUS EATERIES'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
T2G	0.24	0.00	0.05	(0.10)	0.43	(0.87)	0.56	(0.56)	3.90
MSI	1.02	0.10	0.10	0.44	1.07	(1.49)	2.02	(1.98)	5.83
37H	1.31	0.12	0.12	(7.97)	1.44	(1.40)	3.00	(2.60)	10.04
JATA	0.85	(0.06)	0.00	(3.35)	0.00	0.00	2.56	(1.72)	5.91
SRI	5.31	1.50	0.18	0.44	4.41	(12.27)	7.14	(6.67)	137.62
LLC	1.29	(0.16)	0.00	1.75	0.00	0.00	2.20	(2.55)	5.96
LDD	3.34	(0.46)	0.00	(0.49)	0.00	0.00	8.05	(6.98)	29.16

Be your own money manager

Our tools can tell you how much better you can do entering a position in VARIOUS EATERIES 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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