Citrus Leisure Correlations
| REEFN0000 | LKR 4.40 0.00 0.00% |
The current 90-days correlation between Citrus Leisure PLC and Browns Beach Hotels is 0.22 (i.e., Modest diversification). The correlation of Citrus Leisure 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.
Citrus Leisure Correlation With Market
Good diversification
The correlation between Citrus Leisure PLC and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Citrus Leisure PLC and DJI in the same portfolio, assuming nothing else is changed.
Citrus |
The ability to find closely correlated positions to Citrus Leisure could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Citrus Leisure 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 Citrus Leisure - 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 Citrus Leisure PLC to buy it.
Moving against Citrus Stock
| 0.41 | ALLIN0000 | Alliance Finance | PairCorr |
| 0.39 | ABLN0000 | Amana Bank | PairCorr |
| 0.39 | AINSN0000 | Arpico Insurance | PairCorr |
| 0.38 | AMFN0000 | Associated Motor Finance | PairCorr |
| 0.35 | PLRN0000 | Prime Lands Residencies | PairCorr |
| 0.35 | AGALN0000 | Agalawatte Plantations | PairCorr |
| 0.33 | SEMBN0000 | SMB Leasing PLC | PairCorr |
| 0.31 | ABANN0000 | Abans Electricals PLC | PairCorr |
Related Correlations Analysis
| 0.9 | 0.94 | 0.94 | 0.87 | 0.84 | 0.95 | 0.88 | BBHN0000 | ||
| 0.9 | 0.87 | 0.9 | 0.97 | 0.9 | 0.97 | 0.89 | CHOTN0000 | ||
| 0.94 | 0.87 | 0.92 | 0.81 | 0.86 | 0.94 | 0.84 | KHCN0000 | ||
| 0.94 | 0.9 | 0.92 | 0.87 | 0.87 | 0.96 | 0.97 | SIGVN0000 | ||
| 0.87 | 0.97 | 0.81 | 0.87 | 0.87 | 0.94 | 0.87 | GHLLN0000 | ||
| 0.84 | 0.9 | 0.86 | 0.87 | 0.87 | 0.92 | 0.86 | RENUN0000 | ||
| 0.95 | 0.97 | 0.94 | 0.96 | 0.94 | 0.92 | 0.93 | SHOTN0000 | ||
| 0.88 | 0.89 | 0.84 | 0.97 | 0.87 | 0.86 | 0.93 | PALMN0000 | ||
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Risk-Adjusted Indicators
There is a big difference between Citrus Stock performing well and Citrus Leisure 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 Citrus Leisure'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BBHN0000 | 2.55 | 0.46 | 0.17 | (1.82) | 2.07 | 6.38 | 18.55 | |||
| CHOTN0000 | 1.87 | 0.53 | 0.22 | 30.54 | 1.54 | 6.86 | 12.91 | |||
| KHCN0000 | 2.28 | 0.67 | 0.30 | (23.80) | 1.49 | 5.56 | 21.19 | |||
| SIGVN0000 | 2.74 | 1.36 | 0.51 | (1.63) | 1.60 | 6.95 | 26.51 | |||
| GHLLN0000 | 1.97 | 0.33 | 0.15 | 209.12 | 1.80 | 4.02 | 19.35 | |||
| RENUN0000 | 1.59 | 0.32 | 0.10 | 15.48 | 1.66 | 4.77 | 13.36 | |||
| SHOTN0000 | 1.49 | 0.55 | 0.32 | 2.04 | 1.07 | 3.61 | 9.02 | |||
| PALMN0000 | 2.33 | 0.89 | 0.45 | (46.62) | 1.24 | 6.85 | 15.23 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Citrus Leisure 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?
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