LIFENET INSURANCE Correlations

7XJ Stock

11.80 0.10 0.85%

The current 90-days correlation between LIFENET INSURANCE and MELIA HOTELS is -0.11 (i.e., Good diversification). The correlation of LIFENET INSURANCE 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.

LIFENET INSURANCE Correlation With Market

Average diversification

The correlation between LIFENET INSURANCE CO and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LIFENET INSURANCE CO and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against LIFENET Stock

0.76	ECHA	Ecopetrol SA	Pair Corr
0.75	PTI	Perusahaan Perseroan	Pair Corr
0.71	TCID	Telkom Indonesia Tbk	Pair Corr
0.68	SSUN	Samsung Electronics	Pair Corr
0.66	SSUN	Samsung Electronics	Pair Corr
0.66	TCID	Telkom Indonesia Tbk	Pair Corr
0.66	TCID	Telkom Indonesia Tbk	Pair Corr
0.65	SSU	Samsung Electronics	Pair Corr
0.65	SSU	Samsung Electronics	Pair Corr
0.54	TCID	Telkom Indonesia Tbk	Pair Corr
0.42	WUW	Wüstenrot Württembergische	Pair Corr
0.38	PRU2	Prudential plc	Pair Corr

Related Correlations Analysis

	63E	CTE	MR3	MEL	HMT	MEL	HIP	T7W
63E		0.0	0.45	0.03	0.11	-0.01	-0.16	0.4	63E
CTE	0.0		0.0	0.0	0.0	0.0	0.0	0.0	CTE
MR3	0.45	0.0		0.49	0.52	0.51	0.26	0.25	MR3
MEL	0.03	0.0	0.49		0.65	0.94	0.63	-0.14	MEL
HMT	0.11	0.0	0.52	0.65		0.69	0.8	0.04	HMT
MEL	-0.01	0.0	0.51	0.94	0.69		0.67	-0.22	MEL
HIP	-0.16	0.0	0.26	0.63	0.8	0.67		-0.18	HIP
T7W	0.4	0.0	0.25	-0.14	0.04	-0.22	-0.18		T7W
	63E	CTE	MR3	MEL	HMT	MEL	HIP	T7W

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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

MEL	+ 0.94	MEL
HIP	+ 0.8	HMT
MEL	+ 0.69	HMT
HIP	+ 0.67	MEL
HMT	+ 0.65	MEL
HIP	+ 0.63	MEL

High negative correlations

T7W	- 0.22	MEL
T7W	- 0.18	HIP
HIP	- 0.16	63E
T7W	- 0.14	MEL
MEL	- 0.01	63E
T7W	- 0.0	CTE

Risk-Adjusted Indicators

There is a big difference between LIFENET Stock performing well and LIFENET INSURANCE 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 LIFENET INSURANCE'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
63E	2.12	(0.07)	0.00	7.11	0.00	0.00	7.37	(7.23)	19.19
CTE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MR3	1.46	0.20	0.00	(0.18)	2.19	(1.73)	2.27	(2.29)	24.49
MEL	1.10	0.00	(0.05)	0.11	1.46	(1.11)	2.80	(2.34)	5.93
HMT	1.21	0.17	0.05	0.78	1.28	(1.50)	2.47	(2.45)	11.81
MEL	1.00	0.05	(0.03)	0.39	1.16	(1.15)	2.53	(1.58)	6.59
HIP	1.45	0.00	0.03	0.11	1.31	(2.18)	3.20	(2.27)	10.63
T7W	1.36	0.00	(0.05)	0.11	1.63	(1.48)	2.82	(2.57)	13.11

Be your own money manager

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