Reitar Logtech Correlations

RITR Stock

2.69 0.07 2.54%

The current 90-days correlation between Reitar Logtech Holdings and Yoshitsu Co Ltd is 0.14 (i.e., Average diversification). The correlation of Reitar Logtech 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Reitar Logtech Correlation With Market

Modest diversification

The correlation between Reitar Logtech Holdings and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Reitar Logtech Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reitar Logtech Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Reitar Stock

0.75	ESOA	Energy Services	Pair Corr
0.65	ACM	Aecom Technology	Pair Corr
0.72	FLR	Fluor	Pair Corr
0.68	PWR	Quanta Services	Pair Corr
0.68	GLDD	Great Lakes Dredge	Pair Corr
0.71	MYRG	MYR Group	Pair Corr
0.69	NVEE	NV5 Global	Pair Corr
0.73	PGHL	Primega Group Holdings	Pair Corr
0.71	ROAD	Construction Partners	Pair Corr
0.61	AGFY	Agrify Corp	Pair Corr
0.64	SHIM	Shimmick Common	Pair Corr
0.72	STRL	Sterling Construction	Pair Corr
0.71	BWMN	Bowman Consulting	Pair Corr

Moving against Reitar Stock

0.47	VATE	Innovate Corp	Pair Corr
0.44	APG	Api Group Corp	Pair Corr
0.4	WLGS	Wang Lee Group,	Pair Corr
0.81	G	Genpact Limited	Pair Corr
0.76	EH	Ehang Holdings	Pair Corr
0.57	DE	Deere Company	Pair Corr

Related Correlations Analysis

	NCTW	IAC	KO	TKLF	PRMB	LOGC	EYE
NCTW		0.0	0.0	0.0	0.0	0.0	0.0	NCTW
IAC	0.0		0.74	0.11	0.3	0.49	0.78	IAC
KO	0.0	0.74		0.05	0.39	0.59	0.79	KO
TKLF	0.0	0.11	0.05		0.45	0.37	0.15	TKLF
PRMB	0.0	0.3	0.39	0.45		0.72	0.48	PRMB
LOGC	0.0	0.49	0.59	0.37	0.72		0.61	LOGC
EYE	0.0	0.78	0.79	0.15	0.48	0.61		EYE
	NCTW	IAC	KO	TKLF	PRMB	LOGC	EYE

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

EYE	+ 0.79	KO
EYE	+ 0.78	IAC
KO	+ 0.74	IAC
LOGC	+ 0.72	PRMB
EYE	+ 0.61	LOGC
LOGC	+ 0.59	KO

High negative correlations

EYE	- 0.0	NCTW
LOGC	- 0.0	NCTW
PRMB	- 0.0	NCTW
TKLF	- 0.0	NCTW
KO	- 0.0	NCTW
IAC	- 0.0	NCTW

Risk-Adjusted Indicators

There is a big difference between Reitar Stock performing well and Reitar Logtech 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 Reitar Logtech'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
NCTW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IAC	1.56	0.22	0.15	0.20	1.32	(2.09)	4.26	(2.09)	12.96
KO	0.92	0.16	0.18	1.22	0.88	(1.02)	1.87	(1.53)	7.65
TKLF	2.91	0.03	0.02	0.16	3.24	(3.59)	7.06	(6.43)	31.03
PRMB	1.17	0.07	0.05	0.11	1.55	(1.23)	2.73	(2.57)	9.97
LOGC	2.48	0.14	0.05	0.23	2.90	(2.69)	5.19	(4.24)	27.34
EYE	2.25	0.32	0.12	0.23	2.49	(2.47)	4.71	(4.45)	16.13

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