AURELIUS Equity Correlations

AR4 Stock

EUR 81.60 0.00 0.00%

The current 90-days correlation between AURELIUS Equity Oppo and Apple Inc is 0.1 (i.e., Average diversification). The correlation of AURELIUS Equity 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. If the correlation is 0, the equities are not correlated; they are entirely random.

AURELIUS Equity Correlation With Market

Significant diversification

The correlation between AURELIUS Equity Opportunities 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 AURELIUS Equity Opportunities and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with AURELIUS Stock

0.86	APC	Apple Inc	Pair Corr
0.86	APC	Apple Inc	Pair Corr
0.86	APC	Apple Inc	Pair Corr
0.86	APC	Apple Inc	Pair Corr
0.82	MSF	Microsoft	Pair Corr
0.81	MSF	Microsoft	Pair Corr
0.82	MSF	Microsoft	Pair Corr
0.82	MSF	Microsoft	Pair Corr
0.82	MSF	Microsoft	Pair Corr
0.81	AMZ	Amazon Inc	Pair Corr
0.68	E908	Lyxor 1	Pair Corr

Moving against AURELIUS Stock

0.81	PQ9	BANK MANDIRI	Pair Corr
0.76	BYRA	PT Bank Rakyat	Pair Corr
0.75	BYRA	BANK RAKYAT IND	Pair Corr
0.73	PQ9	BANK MANDIRI	Pair Corr
0.71	DBPD	Xtrackers ShortDAX	Pair Corr
0.7	PQ9	PT Bank Mandiri	Pair Corr
0.7	BZG2	BANK CENTRAL ASIA	Pair Corr
0.66	PQ9	BANK MANDIRI	Pair Corr
0.66	BYRA	BANK RAKYAT IND	Pair Corr
0.53	BYRA	PT Bank Rakyat	Pair Corr
0.49	BZG2	BANK CENTRAL ASIA	Pair Corr

Related Correlations Analysis

	APC	APC	APC	APC	MSF	MSF	MSF	MSF	AMZ
APC		1.0	1.0	0.99	0.9	0.9	0.91	0.91	0.87	APC
APC	1.0		1.0	0.99	0.91	0.91	0.92	0.92	0.88	APC
APC	1.0	1.0		0.99	0.91	0.91	0.91	0.92	0.88	APC
APC	0.99	0.99	0.99		0.91	0.91	0.91	0.91	0.87	APC
MSF	0.9	0.91	0.91	0.91		0.99	0.98	1.0	0.92	MSF
MSF	0.9	0.91	0.91	0.91	0.99		0.98	1.0	0.92	MSF
MSF	0.91	0.92	0.91	0.91	0.98	0.98		0.98	0.92	MSF
MSF	0.91	0.92	0.92	0.91	1.0	1.0	0.98		0.92	MSF
AMZ	0.87	0.88	0.88	0.87	0.92	0.92	0.92	0.92		AMZ
	APC	APC	APC	APC	MSF	MSF	MSF	MSF	AMZ

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between AURELIUS Stock performing well and AURELIUS Equity 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 AURELIUS Equity'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
APC	0.91	0.29	0.20	3.40	1.04	(0.98)	2.22	(1.83)	6.45
APC	0.87	0.28	0.23	(1.86)	0.88	(0.97)	1.81	(1.75)	4.97
APC	0.84	0.27	0.21	(2.16)	1.03	(0.93)	1.88	(1.61)	6.46
APC	0.96	0.28	0.25	(1.25)	0.78	(1.12)	2.83	(1.69)	5.24
MSF	0.96	0.08	0.05	(4.16)	1.49	(0.96)	2.46	(1.92)	9.09
MSF	1.00	0.09	0.06	(0.55)	1.50	(1.17)	2.42	(1.93)	11.42
MSF	0.93	0.11	0.07	(0.99)	1.37	(0.99)	2.04	(1.84)	8.79
MSF	0.95	0.09	0.06	(1.05)	1.28	(1.15)	2.55	(1.61)	8.71
AMZ	1.24	0.32	0.20	1.61	1.21	(1.32)	2.87	(1.87)	9.60

Be your own money manager

Our tools can tell you how much better you can do entering a position in AURELIUS Equity 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.

Did you try this?

Run Portfolio Backtesting Now

Portfolio Backtesting

Avoid under-diversification and over-optimization by backtesting your portfolios

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC