Lyxor PEA Correlations

PUST Etf  EUR 83.17  0.77  0.93%   
The current 90-days correlation between Lyxor PEA Nasdaq and Lyxor UCITS Japan is -0.09 (i.e., Good diversification). The correlation of Lyxor PEA 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.

Lyxor PEA Correlation With Market

Weak diversification

The correlation between Lyxor PEA Nasdaq and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lyxor PEA Nasdaq and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Lyxor PEA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lyxor PEA 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 Lyxor PEA - 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 Lyxor PEA Nasdaq to buy it.

Moving together with Lyxor Etf

  0.65JPNH Lyxor UCITS JapanPairCorr
  0.96HHH HSBC SP 500PairCorr
  0.96SPY5 SPDR SP 500PairCorr
  0.97LQQ Lyxor UCITS NASDAQPairCorr
  0.97CL2 Amundi ETF LeveragedPairCorr
  0.97ANXU Amundi Index SolutionsPairCorr
  1.0EQQQ Invesco EQQQ NASDAQPairCorr
  1.0UST Multi Units LuxembourgPairCorr
  0.97TNOW Amundi MSCI WorldPairCorr
  1.0ANX Amundi Index SolutionsPairCorr
  0.75BNK Lyxor Index FundPairCorr

Moving against Lyxor Etf

  0.67CAC Amundi CAC 40PairCorr
  0.66CACC Lyxor CAC 40PairCorr

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   
CRMT
JPMCRM
JPMT
MSFTMETA
XOMUBER
XOMF
  
High negative correlations   
MRKJPM
MRKCRM
CRMUBER
MRKT
TUBER
XOMMSFT

Lyxor PEA Competition Risk-Adjusted Indicators

There is a big difference between Lyxor Etf performing well and Lyxor PEA ETF 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 Lyxor PEA'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.21  0.10  0.05  0.23  1.41 
 2.62 
 7.43 
MSFT  0.86  0.00 (0.01) 0.03  1.61 
 1.78 
 8.14 
UBER  1.72 (0.25) 0.00 (2.15) 0.00 
 2.67 
 20.41 
F  1.45 (0.15) 0.00 (0.07) 0.00 
 2.53 
 11.21 
T  0.95  0.10  0.06  0.42  1.12 
 1.93 
 7.95 
A  1.23 (0.05) 0.00 (0.07) 0.00 
 2.71 
 9.02 
CRM  1.49  0.40  0.22 (11.15) 1.31 
 3.18 
 14.80 
JPM  1.06  0.16  0.15  0.13  1.09 
 1.99 
 15.87 
MRK  0.98 (0.25) 0.00 (1.14) 0.00 
 1.72 
 5.17 
XOM  0.90 (0.12) 0.00 (0.76) 0.00 
 1.83 
 6.06 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Lyxor PEA 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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