QUALIGEN THERNEW Correlations

Stocks . Germany . 
Stock . QUALIGEN THERNEW DL 001
7R9 Stock  EUR 2.63  0.00  0.00%   
The current 90-days correlation between QUALIGEN THERNEW and Apple Inc is -0.06 (i.e., Good diversification). The correlation of QUALIGEN THERNEW 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.

QUALIGEN THERNEW Correlation With Market

Average diversification

The correlation between QUALIGEN THERNEW DL 001 and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding QUALIGEN THERNEW DL 001 and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to QUALIGEN THERNEW could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace QUALIGEN THERNEW 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 QUALIGEN THERNEW - 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 QUALIGEN THERNEW DL 001 to buy it.

Moving together with QUALIGEN Stock

  0.61TCID Telkom Indonesia TbkPairCorr

Moving against QUALIGEN Stock

  0.46MSF MicrosoftPairCorr
  0.46MSF MicrosoftPairCorr
  0.46MSF MicrosoftPairCorr
  0.45MSF MicrosoftPairCorr
  0.44APC Apple IncPairCorr
  0.43APC Apple IncPairCorr
  0.43APC Apple IncPairCorr
  0.43APC Apple IncPairCorr
  0.43APC Apple IncPairCorr
  0.43APC Apple IncPairCorr
  0.742T9A TRAINLINE PLC LSPairCorr
  0.68WD5A TRAVEL LEISURE DLPairCorr
  0.652CDA Controladora Vuela CompaaPairCorr
  0.57FFH Fifth Third BancorpPairCorr
  0.56EN3 EnbridgePairCorr
  0.55RS6 RELIANCE STEEL ALPairCorr
  0.550XHR Xenia Hotels ResortsPairCorr
  0.48KOMA KOMATSU LTD SPONSPairCorr
  0.47WX7 Corporate Office ProPairCorr
  0.46MSF MicrosoftPairCorr
  0.36TSFA Taiwan SemiconductorPairCorr
  0.35D4G Datametrex AI LimitedPairCorr
  0.62LIE Sun Life FinancialPairCorr
  0.61PPB Flutter Entertainment PLCPairCorr
  0.61RZH SCOTT TECHNOLOGYPairCorr
  0.6WX1 Acadia Realty TrustPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between QUALIGEN Stock performing well and QUALIGEN THERNEW 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 QUALIGEN THERNEW'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
APC  0.88  0.26  0.19  1.74  0.89 
(0.99)
 1.81 
(1.75)
 4.97 
APC  0.85  0.26  0.17  7.29  0.98 
(0.93)
 1.88 
(1.73)
 5.24 
APC  0.86  0.26  0.20  8.20  0.84 
(0.95)
 2.06 
(1.76)
 4.50 
APC  0.93  0.27  0.16  97.97  1.04 
(0.99)
 2.22 
(1.83)
 6.45 
APC  0.95  0.29  0.22 (3.89) 0.74 
(1.11)
 2.83 
(1.69)
 5.24 
APC  0.84  0.27  0.19  1.43  1.00 
(0.95)
 1.88 
(1.61)
 6.46 
MSF  0.96  0.11  0.05  3.17  1.25 
(1.17)
 2.55 
(1.46)
 8.71 
MSF  1.05  0.00  0.04  0.00  1.38 
(1.17)
 2.35 
(1.75)
 9.11 
MSF  1.00  0.11  0.05  2.50  1.48 
(1.16)
 2.42 
(1.66)
 11.42 
MSF  0.92  0.11  0.04 (3.31) 1.33 
(1.00)
 2.04 
(1.49)
 8.79 

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