AGRICULTBK HADR/25 Correlations

EK7A Stock

EUR 14.20 0.10 0.70%

The current 90-days correlation between AGRICULTBK HADR/25 and Corsair Gaming is -0.06 (i.e., Good diversification). The correlation of AGRICULTBK HADR/25 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.

AGRICULTBK HADR/25 Correlation With Market

Average diversification

The correlation between AGRICULTBK HADR25 YC and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AGRICULTBK HADR25 YC and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to AGRICULTBK HADR/25 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AGRICULTBK HADR/25 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 AGRICULTBK HADR/25 - 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 AGRICULTBK HADR25 YC to buy it.

Moving together with AGRICULTBK Stock

0.73	ICKB	INDCOMMBK CHINA ADR20 Earnings Call Today	Pair Corr
0.65	ICK	Industrial and Commercial Earnings Call Today	Pair Corr
0.76	C6TB	CHINA BANK ADR20 Earnings Call Tomorrow	Pair Corr
0.89	W8VS	BANK OCHINA H Earnings Call Tomorrow	Pair Corr
0.87	SVM	Sovereign Metals	Pair Corr
0.7	GOC	Star Diamond	Pair Corr
0.92	KB9	KBC Ancora SCA	Pair Corr
0.75	SOBA	ATT Inc	Pair Corr
0.87	KONN	Komercn banka as	Pair Corr
0.82	BRH	Berkshire Hathaway	Pair Corr
0.69	TLLB	Trelleborg AB	Pair Corr
0.62	AG9	ACTIA GROUP SA	Pair Corr
0.78	PEH	PEH WERTPAPIER	Pair Corr
0.86	BSN	Danone SA	Pair Corr
0.82	DUBA	DRDGold	Pair Corr
0.72	B4B3	Metro AG	Pair Corr
0.69	6BW	BW ENERGY LTD	Pair Corr
0.87	JYS1	JYSKE BANK	Pair Corr
0.65	ROM	Rohm Co	Pair Corr
0.84	ROI	Rosenbauer International	Pair Corr
0.88	TKA	thyssenkrupp AG	Pair Corr

Moving against AGRICULTBK Stock

0.56	8VY	SCANDION ONC DK	Pair Corr
0.8	DBPD	Xtrackers ShortDAX	Pair Corr
0.39	T9V	TASTY PLC LS	Pair Corr

Related Correlations Analysis

	6C2	RY4D	N0S	ELG	BSI	9M5	9ZJ
6C2		0.5	0.92	-0.22	-0.7	-0.28	-0.62	6C2
RY4D	0.5		0.43	-0.46	-0.59	-0.3	-0.1	RY4D
N0S	0.92	0.43		-0.24	-0.69	-0.15	-0.65	N0S
ELG	-0.22	-0.46	-0.24		0.75	0.3	0.39	ELG
BSI	-0.7	-0.59	-0.69	0.75		0.37	0.67	BSI
9M5	-0.28	-0.3	-0.15	0.3	0.37		0.28	9M5
9ZJ	-0.62	-0.1	-0.65	0.39	0.67	0.28		9ZJ
	6C2	RY4D	N0S	ELG	BSI	9M5	9ZJ

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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

N0S	+ 0.92	6C2
BSI	+ 0.75	ELG
9ZJ	+ 0.67	BSI
RY4D	+ 0.5	6C2
N0S	+ 0.43	RY4D
9ZJ	+ 0.39	ELG

High negative correlations

BSI	- 0.7	6C2
BSI	- 0.69	N0S
9ZJ	- 0.65	N0S
9ZJ	- 0.62	6C2
BSI	- 0.59	RY4D
ELG	- 0.46	RY4D

Risk-Adjusted Indicators

There is a big difference between AGRICULTBK Stock performing well and AGRICULTBK HADR/25 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 AGRICULTBK HADR/25'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
6C2	3.17	0.45	0.14	0.47	2.99	(4.02)	7.84	(5.34)	25.40
RY4D	1.56	(0.01)	0.00	0.11	0.00	0.00	2.76	(3.23)	9.13
N0S	1.80	0.56	0.24	1.55	1.97	(2.00)	3.13	(3.53)	31.09
ELG	2.08	0.00	0.01	(0.06)	2.55	(2.45)	4.27	(4.61)	17.28
BSI	2.36	(0.16)	0.00	(0.19)	0.00	0.00	6.67	(5.59)	18.94
9M5	1.84	(0.05)	0.00	0.78	0.00	0.00	3.00	(3.77)	8.81
9ZJ	1.44	(0.14)	0.00	(0.36)	0.00	0.00	3.70	(3.42)	20.17

Be your own money manager

Our tools can tell you how much better you can do entering a position in AGRICULTBK HADR/25 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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