FEMALE HEALTH Correlations

FMW Stock

EUR 0.45 0.02 4.26%

The current 90-days correlation between FEMALE HEALTH and SmarTone Telecommunications Holdings is 0.19 (i.e., Average diversification). The correlation of FEMALE HEALTH 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.

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

Moving together with FEMALE Stock

0.68	MSF	Microsoft	Pair Corr
0.68	MSF	Microsoft	Pair Corr
0.68	MSF	Microsoft	Pair Corr
0.66	MSF	Microsoft	Pair Corr
0.67	MSF	Microsoft	Pair Corr
0.63	KBIA	KB Financial Group	Pair Corr

Moving against FEMALE Stock

0.75	TKDA	Takeda Pharmaceutical	Pair Corr
0.64	SUMB	SUMITOMO P SP	Pair Corr
0.57	DBPE	Xtrackers LevDAX	Pair Corr
0.56	LLD2	Lloyds Banking Group	Pair Corr
0.5	E908	Lyxor 1	Pair Corr
0.41	W8V	Bank of China Limited Earnings Call This Week	Pair Corr

Related Correlations Analysis

	4SB	2MF	SMA	1P3N	TGE1	TF7A	LWF	AZU
4SB		0.08	0.63	0.0	0.0	0.78	-0.48	0.52	4SB
2MF	0.08		0.12	0.0	0.0	0.09	0.11	0.47	2MF
SMA	0.63	0.12		0.0	0.0	0.44	-0.49	0.5	SMA
1P3N	0.0	0.0	0.0		-1.0	0.0	0.0	0.0	1P3N
TGE1	0.0	0.0	0.0	-1.0		0.0	0.0	0.0	TGE1
TF7A	0.78	0.09	0.44	0.0	0.0		-0.17	0.2	TF7A
LWF	-0.48	0.11	-0.49	0.0	0.0	-0.17		-0.56	LWF
AZU	0.52	0.47	0.5	0.0	0.0	0.2	-0.56		AZU
	4SB	2MF	SMA	1P3N	TGE1	TF7A	LWF	AZU

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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

TF7A	+ 0.78	4SB
SMA	+ 0.63	4SB
AZU	+ 0.52	4SB
AZU	+ 0.5	SMA
AZU	+ 0.47	2MF
TF7A	+ 0.44	SMA

High negative correlations

TGE1	- 1.0	1P3N
AZU	- 0.56	LWF
LWF	- 0.49	SMA
LWF	- 0.48	4SB
LWF	- 0.17	TF7A
AZU	- 0.0	TGE1

Risk-Adjusted Indicators

There is a big difference between FEMALE Stock performing well and FEMALE HEALTH 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 FEMALE HEALTH'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
4SB	1.15	(0.01)	0.05	0.01	1.32	(1.24)	2.63	(2.31)	6.11
2MF	1.21	(0.02)	0.00	(0.71)	0.00	0.00	2.73	(2.63)	9.04
SMA	0.87	0.04	0.04	0.27	1.07	(2.25)	2.13	(2.08)	8.18
1P3N	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TGE1	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TF7A	1.29	(0.11)	0.00	1.14	0.00	0.00	2.81	(2.72)	8.11
LWF	1.69	(0.12)	0.00	(0.45)	0.00	0.00	3.85	(2.78)	11.70
AZU	0.77	0.04	0.13	1.67	0.82	(0.93)	1.75	(1.69)	3.75

Be your own money manager

Our tools can tell you how much better you can do entering a position in FEMALE HEALTH 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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