BANNER Correlations

Stocks . Germany . 
Stock . BANNER
FW2N Stock  EUR 63.00  0.50  0.80%   
The current 90-days correlation between BANNER and Mitsubishi Gas Chemical is 0.16 (i.e., Average diversification). The correlation of BANNER 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.

BANNER Correlation With Market

Significant diversification

The correlation between BANNER and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BANNER and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to BANNER could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BANNER 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 BANNER - 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 BANNER to buy it.

Moving together with BANNER Stock

  0.65APC Apple IncPairCorr
  0.66APC Apple IncPairCorr
  0.66APC Apple IncPairCorr
  0.66APC Apple IncPairCorr
  0.7MSF MicrosoftPairCorr
  0.68MSF MicrosoftPairCorr
  0.68MSF MicrosoftPairCorr
  0.67MSF MicrosoftPairCorr
  0.68MSF MicrosoftPairCorr
  0.79AMZ Amazon IncPairCorr
  0.89CYL CryoLifePairCorr
  0.89CYL CRYOLIFEPairCorr
  0.92UFH US FOODS HOLDINGPairCorr
  0.862T9A TRAINLINE PLC LSPairCorr
  0.62KOMA KOMATSU LTD SPONSPairCorr
  0.73HXL HexcelPairCorr
  0.8SK3 Smurfit Kappa GroupPairCorr
  0.77WX7 Corporate Office ProPairCorr
  0.74AZ5 AutoZonePairCorr
  0.86EQN2 EquinixPairCorr
  0.86PPB Flutter Entertainment PLCPairCorr
  0.912WY Wyndham Hotels ResortsPairCorr
  0.62TSFA Taiwan SemiconductorPairCorr
  0.95WX1 Acadia Realty TrustPairCorr
  0.66APC Apple IncPairCorr
  0.80XHR Xenia Hotels ResortsPairCorr
  0.98FFH Fifth Third BancorpPairCorr
  0.85PTX Palantir TechnologiesPairCorr

Moving against BANNER Stock

  0.72EII EisaiPairCorr
  0.49AXI Atos SEPairCorr

Related Correlations Analysis

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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   
ERT
+ 0.87
RE3
TC7
+ 0.87
RE3
MEC
+ 0.87
ERT
MEC
+ 0.72
RE3
TC7
+ 0.67
ERT
MEC
+ 0.54
MUG
  
High negative correlations   
ERT
- 0.65
SGM
MEC
- 0.6
SGM
TC7
- 0.6
NEN
RE3
- 0.56
NEN
RE3
- 0.52
SGM
ERT
- 0.46
NEN

Risk-Adjusted Indicators

There is a big difference between BANNER Stock performing well and BANNER 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 BANNER'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.

Be your own money manager

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