JP RL Correlations

Stocks . Germany . 
Stock . JP RL EST
JUA Stock   650.00  2.00  0.31%   
The current 90-days correlation between JP RL EST and Apple Inc is 0.24 (i.e., Modest diversification). The correlation of JP RL 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.

JP RL Correlation With Market

Significant diversification

The correlation between JP RL EST and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JP RL EST and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to JP RL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JP RL 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 JP RL - 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 JP RL EST to buy it.

Moving against JUA Stock

  0.74NOA3 NokiaPairCorr
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  0.51APC Apple IncPairCorr
  0.512T9A TRAINLINE PLC LSPairCorr
  0.5APC Apple IncPairCorr
  0.5APC Apple IncPairCorr
  0.5APC Apple IncPairCorr
  0.5APC Apple IncPairCorr
  0.5APC Apple IncPairCorr
  0.49WX1 Acadia Realty TrustPairCorr
  0.43MSF MicrosoftPairCorr
  0.43MSF MicrosoftPairCorr
  0.42MSF MicrosoftPairCorr
  0.42MSF MicrosoftPairCorr
  0.42MSF MicrosoftPairCorr
  0.38WD5A TRAVEL LEISURE DLPairCorr
  0.37VA7A VERISK ANLYTCS APairCorr
  0.37HXL HexcelPairCorr
  0.37PNP PNC FinancialPairCorr
  0.36CQD Charter CommunicationsPairCorr
  0.33SYY SyscoPairCorr
  0.7D2V PARKEN Sport EntertaPairCorr
  0.68C6TB CHINA BANK ADR20PairCorr
  0.622CDA Controladora Vuela CompaaPairCorr
  0.63FNA ADRIATIC METALS LSPairCorr
  0.6RC2 RCM TECHNOLOGIESPairCorr
  0.552WY Wyndham Hotels ResortsPairCorr
  0.5HI91 Hilton Worldwide HoldingsPairCorr
  0.5NT4 Northern TrustPairCorr
  0.49QAN Qantas AirwaysPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between JUA Stock performing well and JP RL 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 JP RL'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
APC  0.88  0.27  0.21  1.71  0.89 
(0.97)
 1.81 
(1.75)
 4.97 
APC  0.84  0.27  0.20  4.25  0.97 
(0.93)
 1.88 
(1.73)
 5.24 
APC  0.84  0.28  0.23  5.35  0.82 
(0.93)
 2.06 
(1.76)
 4.50 
APC  0.91  0.29  0.19  20.62  1.05 
(0.98)
 2.22 
(1.83)
 6.45 
APC  0.95  0.29  0.25 (3.78) 0.75 
(1.12)
 2.83 
(1.69)
 5.24 
APC  0.83  0.28  0.21  1.38  1.00 
(0.93)
 1.88 
(1.61)
 6.46 
MSF  0.97  0.10  0.06  1.09  1.27 
(1.17)
 2.55 
(1.61)
 8.71 
MSF  1.06  0.10  0.05  1.29  1.41 
(1.17)
 2.35 
(1.92)
 9.11 
MSF  1.01  0.11  0.05  1.00  1.49 
(1.16)
 2.42 
(1.93)
 11.42 
MSF  0.91  0.13  0.07 (5.19) 1.33 
(0.99)
 2.04 
(1.49)
 8.79 

JP RL Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with JP RL stock to make a market-neutral strategy. Peer analysis of JP RL could also be used in its relative valuation, which is a method of valuing JP RL by comparing valuation metrics with similar companies.
 Risk & Return  Correlation
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