TRAVIS PERKINS Correlations

LFPB Stock

EUR 8.80 0.10 1.12%

The current 90-days correlation between TRAVIS PERKINS LS and Geberit AG is -0.22 (i.e., Very good diversification). The correlation of TRAVIS PERKINS 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.

TRAVIS PERKINS Correlation With Market

Average diversification

The correlation between TRAVIS PERKINS LS 1 and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TRAVIS PERKINS LS 1 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to TRAVIS PERKINS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TRAVIS PERKINS 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 TRAVIS PERKINS - 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 TRAVIS PERKINS LS 1 to buy it.

Moving together with TRAVIS Stock

0.88

KRX

Kingspan Group plc

Pair Corr

Moving against TRAVIS Stock

0.87	FZG1	BLUELINX HLDGS DL	Pair Corr
0.78	72T	FLAT GLASS GROUP	Pair Corr
0.75	HSJA	HALSTEAD JAMES LS	Pair Corr
0.54	W5E	Peel Mining Limited	Pair Corr
0.93	7SU	Summit Materials	Pair Corr
0.9	SAYN	Sanmina	Pair Corr
0.88	OYC	Delta Air Lines	Pair Corr
0.86	UVV	Universal Corp	Pair Corr
0.85	8II	PLAYTIKA HOLDING	Pair Corr
0.85	BB1	Barrett Business Services	Pair Corr
0.85	KEL	KELLOGG Dusseldorf	Pair Corr
0.83	JBL	JABIL CIRCUIT	Pair Corr
0.82	2PP	PayPal Holdings	Pair Corr
0.75	CMAB	Mapfre SA	Pair Corr
0.71	UF2	Sunstone Hotel Investors	Pair Corr
0.63	ACT	AlzChem Group AG	Pair Corr
0.61	3E2	Etsy Inc	Pair Corr
0.9	HEI	Heidelberg Materials	Pair Corr
0.89	ITB	IMPERIAL TOBACCO	Pair Corr
0.7	ML2	Ming Le Sports	Pair Corr
0.67	ENA	Endesa SA	Pair Corr
0.6	ACT	AlzChem Group AG	Pair Corr
0.57	OEMA	TomTom NV	Pair Corr

Related Correlations Analysis

	4PN	GBRF	8SP	39O1	IUI1	INL	RS6	RRU	XYTA	9K1
4PN		0.01	0.29	0.53	-0.06	0.25	0.14	0.06	0.13	0.13	4PN
GBRF	0.01		0.47	0.16	-0.22	-0.45	-0.24	-0.12	-0.5	-0.15	GBRF
8SP	0.29	0.47		0.49	-0.75	-0.65	-0.73	-0.43	-0.3	0.47	8SP
39O1	0.53	0.16	0.49		-0.48	-0.08	-0.31	0.02	0.31	0.41	39O1
IUI1	-0.06	-0.22	-0.75	-0.48		0.47	0.92	0.61	0.14	-0.8	IUI1
INL	0.25	-0.45	-0.65	-0.08	0.47		0.66	0.3	0.33	-0.13	INL
RS6	0.14	-0.24	-0.73	-0.31	0.92	0.66		0.6	0.18	-0.74	RS6
RRU	0.06	-0.12	-0.43	0.02	0.61	0.3	0.6		0.44	-0.57	RRU
XYTA	0.13	-0.5	-0.3	0.31	0.14	0.33	0.18	0.44		0.14	XYTA
9K1	0.13	-0.15	0.47	0.41	-0.8	-0.13	-0.74	-0.57	0.14		9K1
	4PN	GBRF	8SP	39O1	IUI1	INL	RS6	RRU	XYTA	9K1

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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

RS6	+ 0.92	IUI1
RS6	+ 0.66	INL
RRU	+ 0.61	IUI1
RRU	+ 0.6	RS6
39O1	+ 0.53	4PN
39O1	+ 0.49	8SP

High negative correlations

9K1	- 0.8	IUI1
IUI1	- 0.75	8SP
9K1	- 0.74	RS6
RS6	- 0.73	8SP
INL	- 0.65	8SP
9K1	- 0.57	RRU

Risk-Adjusted Indicators

There is a big difference between TRAVIS Stock performing well and TRAVIS PERKINS 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 TRAVIS PERKINS'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
4PN	1.31	(0.05)	(0.01)	0.05	2.12	(1.27)	3.02	(2.40)	12.28
GBRF	1.30	0.03	(0.03)	0.23	1.28	(2.20)	3.60	(1.79)	8.02
8SP	2.10	(0.25)	0.00	(0.16)	0.00	0.00	3.36	(4.50)	20.22
39O1	3.51	(0.01)	0.01	0.08	3.48	(5.40)	8.41	(5.63)	24.06
IUI1	1.20	0.18	0.11	0.39	1.13	(1.30)	3.28	(2.07)	10.53
INL	2.47	0.18	0.05	0.34	2.66	(3.06)	7.04	(5.34)	16.28
RS6	1.33	0.07	0.11	0.12	1.16	(1.53)	2.94	(2.03)	13.65
RRU	1.62	0.37	0.12	(0.81)	1.75	(1.81)	3.33	(3.10)	10.56
XYTA	11.55	3.72	0.13	2.19	8.11	(58.33)	33.33	(20.00)	233.33
9K1	1.72	(0.49)	0.00	(0.65)	0.00	0.00	2.94	(4.66)	14.80

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Our tools can tell you how much better you can do entering a position in TRAVIS PERKINS 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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