Eurasia Fonciere Correlations
| EFI Stock | EUR 0.19 0.00 0.00% |
The current 90-days correlation between Eurasia Fonciere Inv and Courtois SA is 0.01 (i.e., Significant diversification). The correlation of Eurasia Fonciere 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.
Eurasia Fonciere Correlation With Market
Good diversification
The correlation between Eurasia Fonciere Investissemen 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 Eurasia Fonciere Investissemen and DJI in the same portfolio, assuming nothing else is changed.
Eurasia |
The ability to find closely correlated positions to Eurasia Fonciere could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eurasia Fonciere 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 Eurasia Fonciere - 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 Eurasia Fonciere Investissements to buy it.
Moving together with Eurasia Stock
Moving against Eurasia Stock
| 0.84 | GLE | Societe Generale | PairCorr |
| 0.77 | BNP | BNP Paribas SA | PairCorr |
| 0.76 | ACA | Credit Agricole SA | PairCorr |
| 0.75 | DG | Vinci SA | PairCorr |
| 0.74 | COUR | Courtois SA | PairCorr |
| 0.65 | CS | AXA SA Earnings Call Today | PairCorr |
| 0.56 | CAF | Caisse Rgionale de | PairCorr |
| 0.55 | SPEL | Foncire Volta | PairCorr |
| 0.51 | RNO | Renault SA | PairCorr |
| 0.47 | CBOT | CBO Territoria SA | PairCorr |
| 0.47 | AIR | Airbus Group SE | PairCorr |
| 0.41 | CROS | Crosswood | PairCorr |
| 0.4 | ALSAS | Stradim Espace Finances | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Eurasia Stock performing well and Eurasia Fonciere 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 Eurasia Fonciere'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CBSM | 1.08 | 0.00 | 0.05 | 0.00 | 1.15 | 3.20 | 6.78 | |||
| COUR | 0.55 | 0.13 | 0.00 | 0.63 | 0.00 | 2.38 | 9.76 | |||
| COH | 1.48 | 0.20 | 0.09 | (0.54) | 2.01 | 5.39 | 15.49 | |||
| INEA | 0.99 | 0.11 | 0.08 | (0.66) | 1.11 | 3.00 | 8.18 | |||
| ARTE | 1.18 | 0.25 | 0.14 | (0.43) | 1.08 | 3.37 | 14.79 |
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