Equity LifeStyle Correlations

MHV Stock  EUR 66.00  1.00  1.54%   
The current 90-days correlation between Equity LifeStyle Pro and COMMERCIAL VEHICLE is 0.05 (i.e., Significant diversification). The correlation of Equity LifeStyle 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.

Equity LifeStyle Correlation With Market

Good diversification

The correlation between Equity LifeStyle Properties and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Equity LifeStyle Properties and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Equity LifeStyle could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Equity LifeStyle 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 Equity LifeStyle - 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 Equity LifeStyle Properties to buy it.

Moving together with Equity Stock

  0.67EQR Equity ResidentialPairCorr
  0.75WV8 AvalonBay CommunitiesPairCorr
  0.67UF0 UDR IncPairCorr
  0.784IV INVITATION HOMESPairCorr
  0.62A4XA American Homes 4PairCorr

Moving against Equity Stock

  0.61SAPA SAP SEPairCorr
  0.58BZU Air New ZealandPairCorr
  0.538QM APATOR B ZYPairCorr
  0.5159R PERSOL HOLDINGS LTDPairCorr
  0.51CJW1 Chow Sang SangPairCorr
  0.464GJ Consorcio ARA SPairCorr
  0.4388S1 Sound Energy plcPairCorr
  0.41ACE1 ACERINOXPairCorr
  0.41VOS Vossloh AGPairCorr
  0.41RAX RANGE RESOURCESPairCorr
  0.334AP Apollo MineralsPairCorr
  0.33CFX Capital One FinancialPairCorr
  0.71ASME ASML Holding NVPairCorr
  0.55BB2 BURBERRY GROUPPairCorr
  0.55AED Grupo Aeroportuario delPairCorr
  0.54SRT Sartorius AktiengesellschaPairCorr
  0.5RER1 RECORDATIPairCorr
  0.5BNP BNP Paribas SAPairCorr

Related Correlations Analysis

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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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High negative correlations   
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Risk-Adjusted Indicators

There is a big difference between Equity Stock performing well and Equity LifeStyle 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 Equity LifeStyle'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Equity LifeStyle 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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Equity LifeStyle Corporate Management

Elected by the shareholders, the Equity LifeStyle's board of directors comprises two types of representatives: Equity LifeStyle inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Equity. The board's role is to monitor Equity LifeStyle's management team and ensure that shareholders' interests are well served. Equity LifeStyle's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Equity LifeStyle's outside directors are responsible for providing unbiased perspectives on the board's policies.