Baloise Swiss Correlations

BALSP Fund   127.00  1.00  0.79%   
The correlation of Baloise Swiss 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.

Baloise Swiss Correlation With Market

Very good diversification

The correlation between Baloise Swiss Property and DJI is -0.28 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baloise Swiss Property and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Baloise Swiss could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Baloise Swiss 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 Baloise Swiss - 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 Baloise Swiss Property to buy it.

Moving together with Baloise Fund

  0.620P0001EDRM CSIF III EqPairCorr
  0.76SREA UBS PropertyPairCorr
  0.850P0000KA0A Synchrony Swiss RealPairCorr

Related Correlations Analysis

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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   
ROL14SCM141
0P0000KA0ASCM141
PB566SCM141
AUD484SCM141
PB573SCM141
AUD486SCM141
  
High negative correlations   
PB579NOK269
PB579AUD486
NOK269AUD486
PB579PB573
NOK269PB573
AUD486PB573

Risk-Adjusted Indicators

There is a big difference between Baloise Fund performing well and Baloise Swiss Fund 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 Baloise Swiss' 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
SCM141  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
ROL14  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
0P0000KA0A  0.37  0.08  0.10 (2.23) 0.25 
 0.87 
 2.54 
PB566  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
AUD484  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
PB573  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
AUD486  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
NOK269  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
PB579  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 

Baloise Swiss 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 Baloise Swiss fund to make a market-neutral strategy. Peer analysis of Baloise Swiss could also be used in its relative valuation, which is a method of valuing Baloise Swiss by comparing valuation metrics with similar companies.
 Risk & Return  Correlation