Kiriacoulis Mediterranean Correlations
| KYRI Stock | EUR 0.95 0.02 2.15% |
The current 90-days correlation between Kiriacoulis Mediterranean and Performance Technologies SA is 0.03 (i.e., Significant diversification). The correlation of Kiriacoulis Mediterranean 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.
Kiriacoulis Mediterranean Correlation With Market
Significant diversification
The correlation between Kiriacoulis Mediterranean Crui and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kiriacoulis Mediterranean Crui and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Kiriacoulis Mediterranean could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kiriacoulis Mediterranean 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 Kiriacoulis Mediterranean - 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 Kiriacoulis Mediterranean Cruises to buy it.
Moving together with Kiriacoulis Stock
| 0.62 | TATT | Attica Bank SA Earnings Call This Week | PairCorr |
Moving against Kiriacoulis Stock
Related Correlations Analysis
| 0.74 | -0.54 | -0.24 | 0.34 | -0.54 | IATR | ||
| 0.74 | -0.58 | 0.0 | 0.58 | -0.61 | AEGN | ||
| -0.54 | -0.58 | 0.31 | -0.37 | 0.36 | MIG | ||
| -0.24 | 0.0 | 0.31 | 0.49 | 0.22 | PERF | ||
| 0.34 | 0.58 | -0.37 | 0.49 | 0.01 | TATT | ||
| -0.54 | -0.61 | 0.36 | 0.22 | 0.01 | OPTRON | ||
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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
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Risk-Adjusted Indicators
There is a big difference between Kiriacoulis Stock performing well and Kiriacoulis Mediterranean 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 Kiriacoulis Mediterranean'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IATR | 1.62 | 0.37 | 0.18 | 1.60 | 1.55 | 3.83 | 13.75 | |||
| AEGN | 1.19 | 0.18 | 0.13 | 1.20 | 1.26 | 2.83 | 10.45 | |||
| MIG | 1.08 | (0.09) | 0.00 | 2.75 | 0.00 | 2.46 | 6.01 | |||
| PERF | 0.97 | (0.07) | 0.00 | (3.53) | 0.00 | 2.04 | 8.39 | |||
| TATT | 1.84 | 0.25 | 0.10 | (0.78) | 1.73 | 5.88 | 18.28 | |||
| OPTRON | 0.20 | (0.11) | 0.00 | 16.29 | 0.00 | 0.00 | 6.76 |
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