SOLOCAL GROUP Correlations

QS3 Stock

2.18 0.04 1.80%

The current 90-days correlation between SOLOCAL GROUP and Apple Inc is -0.1 (i.e., Good diversification). The correlation of SOLOCAL GROUP 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.

SOLOCAL GROUP Correlation With Market

Good diversification

The correlation between SOLOCAL GROUP and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SOLOCAL GROUP and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with SOLOCAL Stock

0.61	MSF	Microsoft	Pair Corr
0.62	MSF	Microsoft	Pair Corr
0.62	MSF	Microsoft	Pair Corr
0.68	RS6	RELIANCE STEEL AL	Pair Corr
0.66	WX7	Corporate Office Pro	Pair Corr
0.87	2CDA	Controladora Vuela Compaa	Pair Corr
0.76	EN3	Enbridge	Pair Corr
0.85	WD5A	TRAVEL LEISURE DL	Pair Corr
0.85	2T9A	TRAINLINE PLC LS	Pair Corr
0.62	MSF	Microsoft	Pair Corr
0.78	FFH	Fifth Third Bancorp	Pair Corr
0.74	LIE	Sun Life Financial	Pair Corr

Moving against SOLOCAL Stock

0.76	SSU	Samsung Electronics	Pair Corr
0.75	SSU	Samsung Electronics	Pair Corr
0.7	TCID	Telkom Indonesia Tbk	Pair Corr
0.69	SSUN	Samsung Electronics	Pair Corr
0.69	SSUN	Samsung Electronics	Pair Corr
0.69	PTI	Perusahaan Perseroan	Pair Corr
0.66	TCID	Telkom Indonesia Tbk	Pair Corr
0.61	TCID	Telkom Indonesia Tbk	Pair Corr
0.78	TCID	Telkom Indonesia Tbk	Pair Corr
0.57	ECHA	Ecopetrol SA	Pair Corr
0.52	AXI	Atos SE	Pair Corr
0.36	C4S1	CHINA STATE STRU	Pair Corr

Related Correlations Analysis

	APC	APC	APC	APC	APC	APC	MSF	MSF	MSF	MSF
APC		1.0	1.0	1.0	0.99	1.0	0.94	0.93	0.93	0.92	APC
APC	1.0		1.0	1.0	0.99	1.0	0.94	0.93	0.93	0.92	APC
APC	1.0	1.0		1.0	0.99	0.99	0.93	0.92	0.93	0.92	APC
APC	1.0	1.0	1.0		0.99	1.0	0.93	0.92	0.92	0.92	APC
APC	0.99	0.99	0.99	0.99		0.99	0.93	0.93	0.93	0.92	APC
APC	1.0	1.0	0.99	1.0	0.99		0.93	0.92	0.92	0.92	APC
MSF	0.94	0.94	0.93	0.93	0.93	0.93		0.99	1.0	0.99	MSF
MSF	0.93	0.93	0.92	0.92	0.93	0.92	0.99		0.99	0.99	MSF
MSF	0.93	0.93	0.93	0.92	0.93	0.92	1.0	0.99		0.99	MSF
MSF	0.92	0.92	0.92	0.92	0.92	0.92	0.99	0.99	0.99		MSF
	APC	APC	APC	APC	APC	APC	MSF	MSF	MSF	MSF

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

There is a big difference between SOLOCAL Stock performing well and SOLOCAL GROUP 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 SOLOCAL GROUP'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
APC	0.88	0.27	0.21	1.34	0.89	(0.99)	1.81	(1.75)	4.97
APC	0.85	0.26	0.19	0.94	0.98	(0.93)	1.88	(1.73)	5.24
APC	0.86	0.26	0.22	0.75	0.84	(0.95)	2.06	(1.76)	4.50
APC	0.93	0.27	0.18	15.95	1.04	(0.99)	2.22	(1.83)	6.45
APC	0.95	0.28	0.24	5.15	0.74	(1.11)	2.83	(1.69)	5.24
APC	0.84	0.27	0.21	1.52	1.00	(0.95)	1.88	(1.61)	6.46
MSF	0.96	0.11	0.07	0.57	1.25	(1.17)	2.55	(1.46)	8.71
MSF	1.05	0.11	0.06	1.51	1.38	(1.17)	2.35	(1.75)	9.11
MSF	1.00	0.11	0.06	1.06	1.48	(1.16)	2.42	(1.66)	11.42
MSF	0.92	0.11	0.06	(14.37)	1.33	(1.00)	2.04	(1.49)	8.79

Be your own money manager

Our tools can tell you how much better you can do entering a position in SOLOCAL GROUP 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.

Did you try this?

Run Odds Of Bankruptcy Now

Odds Of Bankruptcy

Get analysis of equity chance of financial distress in the next 2 years

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC