Cairo Communication Correlations

CI1A Stock

2.31 0.05 2.12%

The current 90-days correlation between Cairo Communication SpA and Focus Home Interactive is -0.03 (i.e., Good diversification). The correlation of Cairo Communication 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.

Cairo Communication Correlation With Market

Good diversification

The correlation between Cairo Communication SpA and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cairo Communication SpA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Cairo Stock

0.9	APC	Apple Inc	Pair Corr
0.89	APC	Apple Inc	Pair Corr
0.9	APC	Apple Inc	Pair Corr
0.9	APC	Apple Inc	Pair Corr
0.9	APC	Apple Inc	Pair Corr
0.89	APC	Apple Inc	Pair Corr
0.86	MSF	Microsoft	Pair Corr
0.85	MSF	Microsoft	Pair Corr
0.85	MSF	Microsoft	Pair Corr
0.85	MSF	Microsoft	Pair Corr
0.8	WMT	Walmart	Pair Corr
0.81	WMT	Walmart	Pair Corr
0.76	AMZ	Amazon Inc	Pair Corr
0.75	AMZ	Amazon Inc	Pair Corr
0.81	DBPE	Xtrackers LevDAX	Pair Corr
0.82	E908	Lyxor 1	Pair Corr

Moving against Cairo Stock

0.86	DBPD	Xtrackers ShortDAX	Pair Corr
0.4	HHP2	Hon Hai Precision	Pair Corr
0.32	VOW	Volkswagen AG	Pair Corr

Related Correlations Analysis

	25F0	HL5	0VQ	0HF	4IV	GHC	SHL
25F0		-0.56	-0.47	0.42	0.07	-0.16	0.45	25F0
HL5	-0.56		0.75	-0.44	0.51	0.12	0.03	HL5
0VQ	-0.47	0.75		-0.4	0.43	0.27	-0.02	0VQ
0HF	0.42	-0.44	-0.4		-0.3	-0.36	0.29	0HF
4IV	0.07	0.51	0.43	-0.3		0.32	0.22	4IV
GHC	-0.16	0.12	0.27	-0.36	0.32		-0.57	GHC
SHL	0.45	0.03	-0.02	0.29	0.22	-0.57		SHL
	25F0	HL5	0VQ	0HF	4IV	GHC	SHL

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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

0VQ	+ 0.75	HL5
4IV	+ 0.51	HL5
SHL	+ 0.45	25F0
4IV	+ 0.43	0VQ
0HF	+ 0.42	25F0
GHC	+ 0.32	4IV

High negative correlations

SHL	- 0.57	GHC
HL5	- 0.56	25F0
0VQ	- 0.47	25F0
0HF	- 0.44	HL5
0HF	- 0.4	0VQ
GHC	- 0.36	0HF

Risk-Adjusted Indicators

There is a big difference between Cairo Stock performing well and Cairo Communication 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 Cairo Communication'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
25F0	1.51	(0.12)	0.00	0.15	0.00	0.00	3.06	(3.64)	18.34
HL5	1.38	0.32	0.17	(1.27)	1.30	(1.79)	2.68	(2.61)	10.61
0VQ	2.57	0.13	0.03	(0.46)	3.03	(3.06)	6.36	(5.46)	16.53
0HF	2.41	0.19	0.05	(0.40)	3.11	(2.76)	6.64	(5.61)	18.20
4IV	1.04	(0.01)	0.00	0.02	0.00	0.00	1.93	(1.88)	8.52
GHC	0.91	0.02	0.00	(0.07)	0.94	(1.33)	1.92	(1.45)	5.23
SHL	1.05	(0.02)	0.00	0.07	0.00	0.00	2.65	(1.84)	8.98

Be your own money manager

Our tools can tell you how much better you can do entering a position in Cairo Communication 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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