FOSTOURGRP Correlations

6T8 Stock

EUR 0.90 0.01 1.12%

The current 90-days correlation between FOSTOURGRP EO 0001 and TRIPCOM GROUP DL 00125 is 0.12 (i.e., Average diversification). The correlation of FOSTOURGRP 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.

FOSTOURGRP Correlation With Market

Significant diversification

The correlation between FOSTOURGRP EO 0001 and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FOSTOURGRP EO 0001 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to FOSTOURGRP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FOSTOURGRP 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 FOSTOURGRP - 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 FOSTOURGRP EO 0001 to buy it.

Moving together with FOSTOURGRP Stock

0.71	CLVB	TRIPCOM GROUP DL	Pair Corr
0.77	9BP	ON THE BEACH	Pair Corr
0.65	C6T	China Construction Bank	Pair Corr
0.64	5AM	Hastings Technology	Pair Corr
0.74	8KS	LUMI GRUPPEN AS	Pair Corr
0.73	DGS	Envela Corp	Pair Corr
0.77	3P7	Pandora A/S	Pair Corr
0.61	DBK	Deutsche Bank Aktien	Pair Corr

Moving against FOSTOURGRP Stock

0.54	BYRA	PT Bank Rakyat	Pair Corr
0.34	T6A	TripAdvisor	Pair Corr
0.34	TCID	Telkom Indonesia Tbk	Pair Corr
0.31	WMR0	MOAB MINERALS LTD	Pair Corr
0.4	GMS1	ImagineAR	Pair Corr

Related Correlations Analysis

	CLVB	WD5A	TUI1	T6A	MY1	6T8	2T9A	LI4	9BP
CLVB		0.71	0.78	-0.05	0.59	0.71	0.73	0.52	0.78	CLVB
WD5A	0.71		0.73	-0.07	0.76	0.37	0.92	0.92	0.64	WD5A
TUI1	0.78	0.73		0.21	0.79	0.57	0.82	0.61	0.82	TUI1
T6A	-0.05	-0.07	0.21		-0.14	-0.34	0.01	-0.07	-0.25	T6A
MY1	0.59	0.76	0.79	-0.14		0.52	0.79	0.7	0.84	MY1
6T8	0.71	0.37	0.57	-0.34	0.52		0.49	0.21	0.77	6T8
2T9A	0.73	0.92	0.82	0.01	0.79	0.49		0.86	0.73	2T9A
LI4	0.52	0.92	0.61	-0.07	0.7	0.21	0.86		0.54	LI4
9BP	0.78	0.64	0.82	-0.25	0.84	0.77	0.73	0.54		9BP
	CLVB	WD5A	TUI1	T6A	MY1	6T8	2T9A	LI4	9BP

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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

2T9A	+ 0.92	WD5A
LI4	+ 0.92	WD5A
LI4	+ 0.86	2T9A
9BP	+ 0.84	MY1
2T9A	+ 0.82	TUI1
9BP	+ 0.82	TUI1

High negative correlations

6T8	- 0.34	T6A
9BP	- 0.25	T6A
MY1	- 0.14	T6A
LI4	- 0.07	T6A
T6A	- 0.07	WD5A
T6A	- 0.05	CLVB

Risk-Adjusted Indicators

There is a big difference between FOSTOURGRP Stock performing well and FOSTOURGRP 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 FOSTOURGRP'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
CLVB	2.83	0.74	0.20	1.78	2.95	(3.15)	7.66	(5.10)	20.35
WD5A	1.21	0.34	0.19	0.34	1.05	(1.75)	3.13	(2.35)	8.41
TUI1	1.47	0.40	0.21	1.81	1.49	(1.88)	3.75	(3.00)	8.37
T6A	1.91	0.04	0.01	0.11	2.36	(1.91)	3.72	(3.55)	11.40
MY1	2.59	0.21	0.07	0.21	2.68	(3.06)	6.62	(4.11)	17.86
6T8	4.49	1.92	0.31	3.77	3.02	(7.74)	10.53	(5.00)	86.96
2T9A	1.39	0.36	0.17	0.32	1.37	(2.03)	3.73	(2.44)	15.43
LI4	2.84	0.41	0.13	0.30	2.65	(4.36)	5.45	(4.89)	47.22
9BP	2.31	0.89	0.38	3.20	1.44	(3.21)	5.15	(3.70)	24.99

Be your own money manager

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