BS2 ALLINVESTMENTS Correlations

LLAO11 Fund

77.37 0.00 0.00%

The current 90-days correlation between BS2 ALLINVESTMENTS FDO and BTG Pactual Logstica is -0.09 (i.e., Good diversification). The correlation of BS2 ALLINVESTMENTS 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.

BS2 ALLINVESTMENTS Correlation With Market

Good diversification

The correlation between BS2 ALLINVESTMENTS FDO and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BS2 ALLINVESTMENTS FDO and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to BS2 ALLINVESTMENTS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BS2 ALLINVESTMENTS 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 BS2 ALLINVESTMENTS - 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 BS2 ALLINVESTMENTS FDO to buy it.

Related Correlations Analysis

	BTLG11	PLPL3	S1YM34	C1AB34	ATMP3	B1TI34	BUSR39	BIYE39	WUNI34	COPH34
BTLG11		0.7	-0.62	-0.65	0.81	-0.8	-0.65	-0.46	-0.37	-0.08	BTLG11
PLPL3	0.7		-0.51	-0.49	0.67	-0.78	-0.4	-0.22	-0.58	0.12	PLPL3
S1YM34	-0.62	-0.51		0.91	-0.77	0.8	0.71	0.79	-0.16	0.61	S1YM34
C1AB34	-0.65	-0.49	0.91		-0.76	0.83	0.83	0.87	-0.05	0.54	C1AB34
ATMP3	0.81	0.67	-0.77	-0.76		-0.8	-0.74	-0.63	-0.18	-0.27	ATMP3
B1TI34	-0.8	-0.78	0.8	0.83	-0.8		0.8	0.64	0.35	0.21	B1TI34
BUSR39	-0.65	-0.4	0.71	0.83	-0.74	0.8		0.78	0.09	0.33	BUSR39
BIYE39	-0.46	-0.22	0.79	0.87	-0.63	0.64	0.78		-0.26	0.77	BIYE39
WUNI34	-0.37	-0.58	-0.16	-0.05	-0.18	0.35	0.09	-0.26		-0.6	WUNI34
COPH34	-0.08	0.12	0.61	0.54	-0.27	0.21	0.33	0.77	-0.6		COPH34
	BTLG11	PLPL3	S1YM34	C1AB34	ATMP3	B1TI34	BUSR39	BIYE39	WUNI34	COPH34

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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

C1AB34	+ 0.91	S1YM34
BIYE39	+ 0.87	C1AB34
B1TI34	+ 0.83	C1AB34
BUSR39	+ 0.83	C1AB34
ATMP3	+ 0.81	BTLG11
B1TI34	+ 0.8	S1YM34

High negative correlations

B1TI34	- 0.8	ATMP3
B1TI34	- 0.8	BTLG11
B1TI34	- 0.78	PLPL3
ATMP3	- 0.77	S1YM34
ATMP3	- 0.76	C1AB34
BUSR39	- 0.74	ATMP3

Risk-Adjusted Indicators

There is a big difference between BS2 Fund performing well and BS2 ALLINVESTMENTS Fund 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 BS2 ALLINVESTMENTS'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
BTLG11	0.92	(0.08)	0.00	(0.43)	0.00	0.00	1.51	(2.15)	8.00
PLPL3	2.05	(0.43)	0.00	(7.73)	0.00	0.00	3.24	(4.27)	13.45
S1YM34	0.92	0.46	0.00	0.83	0.00	0.00	0.52	0.00	28.38
C1AB34	1.31	0.28	0.08	18.73	1.89	(1.64)	3.85	(4.48)	13.73
ATMP3	2.57	(0.33)	0.00	(0.67)	0.00	0.00	4.86	(5.31)	17.16
B1TI34	1.02	0.15	0.10	0.52	1.15	(1.15)	2.66	(1.94)	6.42
BUSR39	1.13	0.08	0.03	0.66	1.65	(1.15)	2.82	(2.73)	8.84
BIYE39	1.01	0.13	0.09	0.32	0.98	(1.20)	2.97	(2.05)	6.60
WUNI34	0.84	0.01	0.00	0.07	1.29	(1.49)	1.47	(2.75)	9.55
COPH34	1.42	0.00	(0.01)	(0.01)	2.14	(1.31)	3.56	(3.89)	12.68

BS2 ALLINVESTMENTS 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 BS2 ALLINVESTMENTS fund to make a market-neutral strategy. Peer analysis of BS2 ALLINVESTMENTS could also be used in its relative valuation, which is a method of valuing BS2 ALLINVESTMENTS by comparing valuation metrics with similar companies.

BTG Pactual Logstica Plano Plano Desenvolvimento S1YM34 Cable One ATMA Participaes SA British American Tobacco iShares Trust iShares Trust The Western Union ConocoPhillips American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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