Travel Investment Correlations

DAT Stock

7,770 480.00 6.58%

The current 90-days correlation between Travel Investment and FIT INVEST JSC is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Travel Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Travel Investment and moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Travel Investment Correlation With Market

Good diversification

The correlation between Travel Investment and and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Travel Investment and and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Travel Stock

0.7	ADS	Damsan JSC	Pair Corr
0.62	AAA	An Phat Plastic	Pair Corr
0.68	AME	Alphanam ME	Pair Corr

Moving against Travel Stock

0.7	BCF	Bich Chi Food	Pair Corr
0.64	ICT	Telecoms Informatics JSC	Pair Corr
0.64	ELC	Elcom Technology Com	Pair Corr
0.5	FPT	FPT Corp	Pair Corr
0.43	SMA	Saigon Machinery Spare	Pair Corr
0.41	CSV	South Basic Chemicals	Pair Corr

Related Correlations Analysis

	FIT	ADS	AAA	AME	APG	ABS	AAM	ABT
FIT		0.48	0.46	0.64	0.31	-0.23	0.19	0.37	FIT
ADS	0.48		0.9	0.79	0.61	-0.09	0.61	0.74	ADS
AAA	0.46	0.9		0.67	0.42	0.14	0.75	0.69	AAA
AME	0.64	0.79	0.67		0.63	-0.41	0.47	0.81	AME
APG	0.31	0.61	0.42	0.63		-0.53	0.18	0.52	APG
ABS	-0.23	-0.09	0.14	-0.41	-0.53		0.4	-0.09	ABS
AAM	0.19	0.61	0.75	0.47	0.18	0.4		0.68	AAM
ABT	0.37	0.74	0.69	0.81	0.52	-0.09	0.68		ABT
	FIT	ADS	AAA	AME	APG	ABS	AAM	ABT

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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

AAA	+ 0.9	ADS
ABT	+ 0.81	AME
AME	+ 0.79	ADS
AAM	+ 0.75	AAA
ABT	+ 0.74	ADS
ABT	+ 0.69	AAA

High negative correlations

ABS	- 0.53	APG
ABS	- 0.41	AME
ABS	- 0.23	FIT
ABT	- 0.09	ABS
ABS	- 0.09	ADS

Risk-Adjusted Indicators

There is a big difference between Travel Stock performing well and Travel Investment 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 Travel Investment'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
FIT	0.71	(0.09)	0.00	(0.99)	0.00	0.00	1.42	(1.57)	4.38
ADS	1.10	(0.22)	0.00	41.55	0.00	0.00	3.45	(2.15)	12.45
AAA	0.92	(0.15)	0.00	(0.42)	0.00	0.00	2.22	(2.09)	6.34
AME	2.48	(0.51)	0.00	(4.08)	0.00	0.00	5.36	(7.25)	18.62
APG	1.33	(0.55)	0.00	3.80	0.00	0.00	3.27	(5.59)	11.36
ABS	1.56	0.27	0.11	(0.93)	1.53	(2.04)	5.10	(3.31)	12.04
AAM	2.01	(0.10)	0.00	(0.18)	0.00	0.00	4.69	(5.00)	11.74
ABT	0.74	(0.11)	0.00	(3.02)	0.00	0.00	1.91	(2.03)	8.20

Be your own money manager

Our tools can tell you how much better you can do entering a position in Travel Investment 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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