ENTERGY Dusseldorf Correlations

Stocks . Germany . 
Stock . ENTERGY Dusseldorf
ETY Stock  EUR 72.00  0.50  0.70%   
The current 90-days correlation between ENTERGY Dusseldorf and Apple Inc is -0.39 (i.e., Very good diversification). The correlation of ENTERGY Dusseldorf 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.

ENTERGY Dusseldorf Correlation With Market

Good diversification

The correlation between ENTERGY Dusseldorf and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ENTERGY Dusseldorf and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to ENTERGY Dusseldorf could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ENTERGY Dusseldorf 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 ENTERGY Dusseldorf - 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 ENTERGY Dusseldorf to buy it.

Moving together with ENTERGY Stock

  0.71APC Apple IncPairCorr
  0.71APC Apple IncPairCorr
  0.71APC Apple IncPairCorr
  0.72APC Apple IncPairCorr
  0.71MSF MicrosoftPairCorr
  0.7MSF MicrosoftPairCorr
  0.7MSF MicrosoftPairCorr
  0.7MSF MicrosoftPairCorr
  0.71MSF MicrosoftPairCorr
  0.85AMZ Amazon IncPairCorr
  0.89CYL CryoLifePairCorr
  0.89CYL CRYOLIFEPairCorr
  0.93UFH US FOODS HOLDINGPairCorr
  0.922T9A TRAINLINE PLC LSPairCorr
  0.7HXL HexcelPairCorr
  0.88SK3 Smurfit Kappa GroupPairCorr
  0.72WX7 Corporate Office ProPairCorr
  0.74AZ5 AutoZonePairCorr
  0.9EQN2 EquinixPairCorr
  0.9PPB Flutter Entertainment PLCPairCorr
  0.942WY Wyndham Hotels ResortsPairCorr
  0.61TSFA Taiwan SemiconductorPairCorr
  0.91WX1 Acadia Realty TrustPairCorr
  0.71APC Apple IncPairCorr
  0.770XHR Xenia Hotels ResortsPairCorr
  0.87FFH Fifth Third BancorpPairCorr
  0.91PTX Palantir TechnologiesPairCorr

Moving against ENTERGY Stock

  0.83EII EisaiPairCorr
  0.56AXI Atos SEPairCorr
  0.39C4S1 CHINA STATE STRUPairCorr
  0.3618V CHINA VANKE TDPairCorr

Related Correlations Analysis

Please specify at least 3 valid symbols having historical data to build a meaningful correlation cloud. You can use symbol search above to locate your securities.

Be your own money manager

Our tools can tell you how much better you can do entering a position in ENTERGY Dusseldorf 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.

Did you try this?

Run Latest Portfolios Now

   

Latest Portfolios

Quick portfolio dashboard that showcases your latest portfolios
All  Next Launch Module
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY