THARISA NON Correlations

7YZ Stock

EUR 0.72 0.15 17.24%

The current 90-days correlation between THARISA NON LIST and Media and Games is 0.13 (i.e., Average diversification). The correlation of THARISA NON 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.

THARISA NON Correlation With Market

Significant diversification

The correlation between THARISA NON LIST and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding THARISA NON LIST and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with THARISA Stock

0.65

DBPD

Xtrackers ShortDAX

Pair Corr

Moving against THARISA Stock

0.83	LL6	MTN GROUP	Pair Corr
0.71	E908	Lyxor 1	Pair Corr
0.7	MM0	MONETA MONEY BANK	Pair Corr
0.65	DBPE	Xtrackers LevDAX	Pair Corr
0.63	STD	STANDARD CHARTERED	Pair Corr
0.56	BRYN	Berkshire Hathaway	Pair Corr
0.55	BRH	Berkshire Hathaway	Pair Corr
0.55	AG1	AUTO1 Group SE	Pair Corr
0.55	WY8	Universal Health Realty	Pair Corr
0.49	BRYN	Berkshire Hathaway	Pair Corr
0.42	ENI	Eni SpA	Pair Corr
0.4	31L	SYLVANIA PLAT DL	Pair Corr
0.4	RHM	Rheinmetall AG	Pair Corr
0.38	FNL	Fresnillo plc	Pair Corr
0.36	X9C	Metalla Royalty Streaming Earnings Call This Week	Pair Corr
0.34	2WGA	WOORI FIN GRP	Pair Corr
0.32	HY9H	SK hynix	Pair Corr

Related Correlations Analysis

	F51	5HS	8P7	M8G	ZCG	4U6	HNC	TCW
F51		0.01	-0.04	0.16	0.72	-0.26	0.0	0.12	F51
5HS	0.01		0.79	0.48	-0.23	0.65	0.0	0.9	5HS
8P7	-0.04	0.79		0.56	-0.22	0.41	0.0	0.84	8P7
M8G	0.16	0.48	0.56		0.02	0.35	0.0	0.7	M8G
ZCG	0.72	-0.23	-0.22	0.02		-0.4	0.0	-0.16	ZCG
4U6	-0.26	0.65	0.41	0.35	-0.4		0.0	0.58	4U6
HNC	0.0	0.0	0.0	0.0	0.0	0.0		0.0	HNC
TCW	0.12	0.9	0.84	0.7	-0.16	0.58	0.0		TCW
	F51	5HS	8P7	M8G	ZCG	4U6	HNC	TCW

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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

TCW	+ 0.9	5HS
TCW	+ 0.84	8P7
8P7	+ 0.79	5HS
ZCG	+ 0.72	F51
TCW	+ 0.7	M8G
4U6	+ 0.65	5HS

High negative correlations

4U6	- 0.4	ZCG
4U6	- 0.26	F51
ZCG	- 0.23	5HS
ZCG	- 0.22	8P7
TCW	- 0.16	ZCG
8P7	- 0.04	F51

Risk-Adjusted Indicators

There is a big difference between THARISA Stock performing well and THARISA NON 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 THARISA NON'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
F51	2.59	(0.52)	0.00	(0.65)	0.00	0.00	4.91	(5.36)	27.99
5HS	1.65	0.23	0.20	(0.39)	1.50	(2.17)	3.73	(3.20)	17.61
8P7	1.94	0.22	0.14	(1.45)	1.90	(2.45)	4.09	(3.33)	13.73
M8G	2.66	0.19	0.06	0.16	3.11	(3.07)	6.59	(4.49)	19.25
ZCG	1.62	(0.23)	0.00	41.14	0.00	0.00	2.99	(3.49)	12.32
4U6	3.29	0.34	0.10	(0.69)	3.36	(5.10)	10.77	(6.45)	24.84
HNC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TCW	0.86	0.21	0.20	0.67	0.75	(1.38)	1.91	(1.89)	8.06

Be your own money manager

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