Labo Print Correlations

LAB Stock

15.40 0.20 1.32%

The current 90-days correlation between Labo Print SA and CI Games SA is 0.08 (i.e., Significant diversification). The correlation of Labo Print 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.

Labo Print Correlation With Market

Significant diversification

The correlation between Labo Print SA and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Labo Print SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Labo Stock

0.74	MXC	Maxcom SA	Pair Corr
0.67	TPE	Tauron Polska Energia	Pair Corr
0.71	ATT	Grupa Azoty SA	Pair Corr

Moving against Labo Stock

0.7	ABK	Abak SA	Pair Corr
0.42	RBW	Rainbow Tours SA	Pair Corr

Related Correlations Analysis

	CIG	ECH	CAR	UFG	TEN	LSI	IBS	MBK
CIG		-0.72	0.57	-0.08	0.7	0.34	0.34	0.69	CIG
ECH	-0.72		-0.36	-0.37	-0.61	-0.63	0.13	-0.86	ECH
CAR	0.57	-0.36		-0.14	0.49	0.04	0.15	0.19	CAR
UFG	-0.08	-0.37	-0.14		-0.12	0.5	-0.37	0.37	UFG
TEN	0.7	-0.61	0.49	-0.12		0.23	0.0	0.69	TEN
LSI	0.34	-0.63	0.04	0.5	0.23		-0.25	0.67	LSI
IBS	0.34	0.13	0.15	-0.37	0.0	-0.25		-0.03	IBS
MBK	0.69	-0.86	0.19	0.37	0.69	0.67	-0.03		MBK
	CIG	ECH	CAR	UFG	TEN	LSI	IBS	MBK

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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

TEN	+ 0.7	CIG
MBK	+ 0.69	CIG
MBK	+ 0.69	TEN
MBK	+ 0.67	LSI
CAR	+ 0.57	CIG
LSI	+ 0.5	UFG

High negative correlations

MBK	- 0.86	ECH
ECH	- 0.72	CIG
LSI	- 0.63	ECH
TEN	- 0.61	ECH
IBS	- 0.37	UFG
UFG	- 0.37	ECH

Risk-Adjusted Indicators

There is a big difference between Labo Stock performing well and Labo Print 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 Labo Print'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
CIG	1.60	0.57	0.35	4.13	1.13	(2.32)	6.15	(2.86)	11.00
ECH	0.94	(0.17)	0.00	1.94	0.00	0.00	2.35	(2.10)	6.08
CAR	1.46	0.08	0.09	(7.52)	1.61	(1.58)	3.30	(2.73)	6.65
UFG	2.64	0.44	0.08	0.66	3.83	(3.71)	9.38	(8.49)	25.71
TEN	1.42	0.28	0.23	1.24	1.24	(1.76)	4.52	(1.91)	10.52
LSI	1.55	0.10	0.08	(0.33)	1.64	(2.67)	5.77	(3.16)	14.46
IBS	1.60	0.13	0.09	(0.35)	2.03	(1.79)	3.22	(3.90)	10.45
MBK	1.57	0.71	0.45	1.33	1.29	(2.05)	3.92	(2.91)	11.53

Be your own money manager

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