RETAIL FOOD Correlations

JUU Stock

EUR 1.02 0.01 0.99%

The current 90-days correlation between RETAIL FOOD GROUP and UMC Electronics Co is -0.02 (i.e., Good diversification). The correlation of RETAIL FOOD 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.

RETAIL FOOD Correlation With Market

Good diversification

The correlation between RETAIL FOOD GROUP 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 RETAIL FOOD GROUP and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with RETAIL Stock

0.71	APC	Apple Inc	Pair Corr
0.7	APC	Apple Inc	Pair Corr
0.7	APC	Apple Inc	Pair Corr
0.71	APC	Apple Inc	Pair Corr
0.7	APC	Apple Inc	Pair Corr
0.7	APC	Apple Inc	Pair Corr
0.76	MSF	Microsoft	Pair Corr
0.75	MSF	Microsoft	Pair Corr
0.75	MSF	Microsoft	Pair Corr
0.75	MSF	Microsoft	Pair Corr
0.67	TEY	Teradyne	Pair Corr
0.84	DBPD	Xtrackers ShortDAX	Pair Corr

Moving against RETAIL Stock

0.83	DBPE	Xtrackers LevDAX	Pair Corr
0.77	E908	Lyxor 1	Pair Corr
0.73	EUH	Eurasia Mining Plc	Pair Corr

Related Correlations Analysis

	AILA	ERT	NEN	UM3	2U0	SGM	SSUN	RY4C
AILA		-0.53	0.74	0.7	0.7	-0.28	-0.03	0.82	AILA
ERT	-0.53		-0.43	-0.38	-0.1	0.35	0.26	-0.66	ERT
NEN	0.74	-0.43		0.64	0.28	0.04	0.37	0.6	NEN
UM3	0.7	-0.38	0.64		0.58	-0.16	0.02	0.57	UM3
2U0	0.7	-0.1	0.28	0.58		-0.22	-0.17	0.45	2U0
SGM	-0.28	0.35	0.04	-0.16	-0.22		0.46	-0.42	SGM
SSUN	-0.03	0.26	0.37	0.02	-0.17	0.46		-0.15	SSUN
RY4C	0.82	-0.66	0.6	0.57	0.45	-0.42	-0.15		RY4C
	AILA	ERT	NEN	UM3	2U0	SGM	SSUN	RY4C

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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

RY4C	+ 0.82	AILA
NEN	+ 0.74	AILA
UM3	+ 0.7	AILA
2U0	+ 0.7	AILA
UM3	+ 0.64	NEN
RY4C	+ 0.6	NEN

High negative correlations

RY4C	- 0.66	ERT
ERT	- 0.53	AILA
NEN	- 0.43	ERT
RY4C	- 0.42	SGM
UM3	- 0.38	ERT
SGM	- 0.28	AILA

Risk-Adjusted Indicators

There is a big difference between RETAIL Stock performing well and RETAIL FOOD 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 RETAIL FOOD'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
AILA	1.05	0.16	0.13	(5.80)	1.23	(1.28)	2.35	(2.41)	9.83
ERT	1.55	(0.21)	0.00	2.62	0.00	0.00	3.97	(2.50)	20.59
NEN	2.43	0.26	0.12	0.72	2.26	(3.10)	7.31	(4.10)	19.36
UM3	2.21	0.19	0.09	(1.14)	2.59	(2.64)	7.47	(4.74)	14.87
2U0	2.47	0.36	0.18	(0.48)	2.22	(3.33)	5.80	(4.21)	24.27
SGM	2.18	(0.15)	0.00	(1.02)	0.00	0.00	4.86	(4.26)	18.15
SSUN	1.71	0.10	0.08	0.18	1.69	(2.17)	4.05	(3.05)	8.55
RY4C	1.33	0.13	0.12	0.49	1.38	(1.49)	3.67	(1.82)	9.58

Be your own money manager

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