Ssif Broker Correlations

BRK Stock

0.08 0.0002 0.25%

The current 90-days correlation between Ssif Broker Cl and Oil Terminal C is 0.07 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ssif Broker moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ssif Broker Cl moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Ssif Broker Correlation With Market

Average diversification

The correlation between Ssif Broker Cl 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 Ssif Broker Cl and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Ssif Stock

0.83	ATB	Antibiotice Ia	Pair Corr
0.87	AAG	Aages SA	Pair Corr
0.71	ALU	Alumil Rom Industry	Pair Corr
0.79	ALT	Altur Slatina	Pair Corr

Related Correlations Analysis

	OIL	ATB	AAG	ALU	ALR	ARS	ALT	ARTE
OIL		0.28	0.31	0.27	0.45	0.5	0.21	-0.02	OIL
ATB	0.28		0.88	0.76	0.11	0.57	0.71	0.33	ATB
AAG	0.31	0.88		0.84	0.06	0.66	0.73	0.39	AAG
ALU	0.27	0.76	0.84		0.21	0.63	0.7	0.4	ALU
ALR	0.45	0.11	0.06	0.21		0.26	0.08	-0.24	ALR
ARS	0.5	0.57	0.66	0.63	0.26		0.61	0.11	ARS
ALT	0.21	0.71	0.73	0.7	0.08	0.61		0.3	ALT
ARTE	-0.02	0.33	0.39	0.4	-0.24	0.11	0.3		ARTE
	OIL	ATB	AAG	ALU	ALR	ARS	ALT	ARTE

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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

AAG	+ 0.88	ATB
ALU	+ 0.84	AAG
ALU	+ 0.76	ATB
ALT	+ 0.73	AAG
ALT	+ 0.71	ATB
ALT	+ 0.7	ALU

High negative correlations

ARTE	- 0.24	ALR
ARTE	- 0.02	OIL

Risk-Adjusted Indicators

There is a big difference between Ssif Stock performing well and Ssif Broker 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 Ssif Broker'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
OIL	0.53	0.01	0.00	(0.59)	0.00	0.00	0.00	0.00	16.67
ATB	1.67	(0.22)	0.00	0.41	0.00	0.00	4.50	(3.11)	21.59
AAG	1.22	(0.17)	0.00	1.09	0.00	0.00	2.86	(2.78)	10.08
ALU	1.37	(0.07)	0.00	0.30	0.00	0.00	2.58	(2.53)	12.51
ALR	0.82	0.02	(0.02)	(0.03)	1.01	(1.53)	2.65	(1.95)	8.37
ARS	1.15	(0.13)	0.00	0.90	0.00	0.00	2.12	(2.93)	12.01
ALT	2.47	(0.03)	0.00	0.11	0.00	0.00	6.25	(5.23)	21.77
ARTE	1.52	0.02	0.00	0.07	2.33	(3.65)	6.49	(5.45)	16.08

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Our tools can tell you how much better you can do entering a position in Ssif Broker 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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