ISEQ 20 Correlations
| IETP Index | 1,740 8.99 0.51% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ISEQ 20 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ISEQ 20 Price moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
The ability to find closely correlated positions to ISEQ 20 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ISEQ 20 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 ISEQ 20 - 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 ISEQ 20 Price to buy it.
Moving together with ISEQ Index
| 0.91 | RYA | Ryanair Holdings plc | PairCorr |
| 0.89 | KRZ | Kerry Group | PairCorr |
| 0.88 | A5G | AIB Group PLC | PairCorr |
| 0.92 | BIRG | Bank of Ireland Earnings Call This Week | PairCorr |
| 0.69 | DHG | Dalata Hotel Group | PairCorr |
| 0.69 | IRES | Irish Residential Earnings Call This Week | PairCorr |
| 0.74 | UPR | Uniphar Group PLC | PairCorr |
| 0.66 | IE0032578035 | Franklin Floating Rate | PairCorr |
| 0.73 | 0P00001BHH | KLP AksjeGlobal Indeks | PairCorr |
| 0.62 | 0P0000HNUP | KLP AksjeNorge Indeks | PairCorr |
| 0.79 | 0P00018V9L | KLP AksjeGlobal Indeks | PairCorr |
| 0.68 | IE00B000C709 | Franklin Floating Rate | PairCorr |
| 0.9 | 0P00016TMM | KLP AksjeEuropa Indeks | PairCorr |
| 0.66 | IE00B065CV35 | Franklin Floating Rate | PairCorr |
Moving against ISEQ Index
Related Correlations Analysis
| -0.42 | -0.18 | -0.52 | -0.23 | -0.56 | 8GW | ||
| -0.42 | 0.02 | 0.77 | 0.21 | 0.1 | BIRG | ||
| -0.18 | 0.02 | 0.04 | 0.19 | 0.0 | GYQ | ||
| -0.52 | 0.77 | 0.04 | 0.34 | 0.43 | RYA | ||
| -0.23 | 0.21 | 0.19 | 0.34 | 0.1 | DLE | ||
| -0.56 | 0.1 | 0.0 | 0.43 | 0.1 | C5H | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between ISEQ Index performing well and ISEQ 20 Index 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 ISEQ 20'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 8GW | 0.99 | (0.52) | 0.00 | (1.69) | 0.00 | 0.00 | 33.33 | |||
| BIRG | 1.35 | 0.21 | 0.13 | (6.42) | 1.42 | 3.25 | 8.01 | |||
| GYQ | 0.38 | 0.17 | 0.00 | 3.16 | 0.00 | 0.00 | 13.57 | |||
| RYA | 1.07 | 0.12 | 0.11 | 0.17 | 0.92 | 3.21 | 6.44 | |||
| DLE | 1.75 | 0.21 | 0.04 | (0.40) | 2.12 | 5.56 | 20.00 | |||
| C5H | 1.26 | 0.09 | 0.06 | 0.19 | 1.41 | 3.14 | 9.56 |
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ISEQ 20 Distribution of Returns
Predicted Return Density |
| Returns |
