GAZTRTECHNIUADR15EO01 Correlations

Stocks . Germany . 
Stock . GAZTRTECHNIUADR15EO01
9TG0 Stock   26.40  1.20  4.76%   
The current 90-days correlation between GAZTRTECHNIUADR15EO01 and Apple Inc is 0.01 (i.e., Significant diversification). The correlation of GAZTRTECHNIUADR15EO01 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.

GAZTRTECHNIUADR15EO01 Correlation With Market

Very good diversification

The correlation between GAZTRTECHNIUADR15EO01 and DJI is -0.29 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GAZTRTECHNIUADR15EO01 and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to GAZTRTECHNIUADR15EO01 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GAZTRTECHNIUADR15EO01 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 GAZTRTECHNIUADR15EO01 - 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 GAZTRTECHNIUADR15EO01 to buy it.

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between GAZTRTECHNIUADR15EO01 Stock performing well and GAZTRTECHNIUADR15EO01 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 GAZTRTECHNIUADR15EO01'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  0.93  0.22  0.16 (1.70) 1.02 
(1.00)
 1.81 
(1.96)
 5.21 
APC  0.88  0.22  0.17 (5.05) 1.03 
(0.95)
 1.88 
(1.73)
 5.24 
APC  0.89  0.22  0.18 (1.04) 0.92 
(0.95)
 2.06 
(1.83)
 4.57 
APC  0.94  0.22  0.14  2.26  1.18 
(0.96)
 2.22 
(2.12)
 6.45 
APC  0.99  0.22  0.18 (0.85) 0.89 
(1.14)
 2.83 
(2.01)
 5.24 
APC  0.90  0.22  0.16 (1.89) 1.12 
(0.96)
 1.88 
(1.78)
 6.46 
MSF  0.96  0.10  0.06 (1.29) 1.29 
(1.13)
 2.55 
(1.61)
 8.71 
MSF  1.02  0.10  0.06 (0.52) 1.39 
(1.13)
 2.35 
(1.92)
 9.11 
MSF  1.03  0.11  0.06 (0.77) 1.51 
(1.18)
 2.42 
(1.93)
 11.42 
MSF  0.90  0.10  0.05 (1.00) 1.34 
(0.97)
 2.04 
(1.84)
 8.79 

GAZTRTECHNIUADR15EO01 Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with GAZTRTECHNIUADR15EO01 stock to make a market-neutral strategy. Peer analysis of GAZTRTECHNIUADR15EO01 could also be used in its relative valuation, which is a method of valuing GAZTRTECHNIUADR15EO01 by comparing valuation metrics with similar companies.
 Risk & Return  Correlation
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