RATIONAL UNADR Correlations

RAA1 Stock

EUR 40.60 0.20 0.49%

The current 90-days correlation between RATIONAL UNADR 1 and RATIONAL Aktiengesellschaft is 0.54 (i.e., Very weak diversification). The correlation of RATIONAL UNADR 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.

RATIONAL UNADR Correlation With Market

Modest diversification

The correlation between RATIONAL UNADR 1 and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RATIONAL UNADR 1 and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with RATIONAL Stock

0.92	RAA	RATIONAL Aktiengesellscha	Pair Corr
0.72	I1M	Indutrade AB	Pair Corr
0.69	WY8	Universal Health Realty	Pair Corr
0.64	19YA	Yiren Digital	Pair Corr
0.63	STD	STANDARD CHARTERED	Pair Corr
0.65	KGHA	KGHM Polska Miedz Earnings Call This Week	Pair Corr
0.62	DBPE	Xtrackers LevDAX	Pair Corr
0.7	E908	Lyxor 1	Pair Corr

Moving against RATIONAL Stock

0.62	J9I0	5E ADVANCED MATERIALS Split	Pair Corr
0.38	LYV	Lundin Energy AB	Pair Corr
0.36	GWW	WW Grainger	Pair Corr
0.36	D7GA	NEL ASA ADR30	Pair Corr
0.35	OS3	Otello ASA	Pair Corr
0.35	1JU	FATFISH GROUP LTD	Pair Corr
0.64	DBPD	Xtrackers ShortDAX	Pair Corr
0.42	I7G	Ipsen SA	Pair Corr

Related Correlations Analysis

	RAA	GWW	FAS	WC3	WC30	RAA1	WP7	I1M	14T
RAA		-0.3	0.31	0.17	0.3	0.92	-0.04	0.68	0.24	RAA
GWW	-0.3		0.37	0.11	-0.58	-0.36	0.78	-0.56	0.11	GWW
FAS	0.31	0.37		0.4	-0.13	0.28	0.26	-0.01	-0.07	FAS
WC3	0.17	0.11	0.4		0.26	0.24	0.23	0.3	0.16	WC3
WC30	0.3	-0.58	-0.13	0.26		0.37	-0.28	0.69	0.33	WC30
RAA1	0.92	-0.36	0.28	0.24	0.37		-0.1	0.72	0.24	RAA1
WP7	-0.04	0.78	0.26	0.23	-0.28	-0.1		-0.07	0.49	WP7
I1M	0.68	-0.56	-0.01	0.3	0.69	0.72	-0.07		0.51	I1M
14T	0.24	0.11	-0.07	0.16	0.33	0.24	0.49	0.51		14T
	RAA	GWW	FAS	WC3	WC30	RAA1	WP7	I1M	14T

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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

RAA1	+ 0.92	RAA
WP7	+ 0.78	GWW
I1M	+ 0.72	RAA1
I1M	+ 0.69	WC30
I1M	+ 0.68	RAA
14T	+ 0.51	I1M

High negative correlations

WC30	- 0.58	GWW
I1M	- 0.56	GWW
RAA1	- 0.36	GWW
GWW	- 0.3	RAA
WP7	- 0.28	WC30
WC30	- 0.13	FAS

Risk-Adjusted Indicators

There is a big difference between RATIONAL Stock performing well and RATIONAL UNADR 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 RATIONAL UNADR'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
RAA	1.07	(0.03)	0.00	(0.14)	0.00	0.00	2.06	(1.86)	8.89
GWW	1.24	(0.28)	0.00	(1.42)	0.00	0.00	1.97	(2.68)	10.22
FAS	1.15	(0.12)	0.00	0.59	0.00	0.00	2.03	(2.42)	8.33
WC3	1.30	(0.03)	0.00	(0.12)	0.00	0.00	2.74	(2.94)	13.55
WC30	1.33	0.13	0.09	(0.52)	1.70	(2.06)	4.19	(2.23)	13.89
RAA1	1.08	(0.03)	0.00	(0.13)	0.00	0.00	2.40	(2.40)	5.37
WP7	1.77	(0.25)	0.00	(2.48)	0.00	0.00	3.26	(4.37)	11.23
I1M	1.06	0.17	0.17	0.88	1.25	(1.23)	2.38	(2.38)	8.77
14T	1.33	0.12	0.11	(0.29)	1.31	(2.36)	2.65	(2.74)	19.39

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Our tools can tell you how much better you can do entering a position in RATIONAL UNADR 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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