RTL Group Correlations

RRTL Stock

EUR 24.90 0.60 2.47%

The current 90-days correlation between RTL Group SA and Host Hotels Resorts is 0.12 (i.e., Average diversification). The correlation of RTL 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.

RTL Group Correlation With Market

Average diversification

The correlation between RTL Group SA and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RTL Group SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to RTL 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 RTL 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 RTL 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 RTL Group SA to buy it.

Moving together with RTL Stock

0.94	VVUD	VIVENDI UNSPONARD	Pair Corr
0.79	IJ7	ITV plc	Pair Corr
0.7	SES	SES SA	Pair Corr
0.77	893	MITSUBISHI KAKOKI	Pair Corr
0.85	YHA	Yamaha Split	Pair Corr

Moving against RTL Stock

0.92	NC0E	News	Pair Corr
0.91	NC0B	News	Pair Corr
0.88	BFP	BBVA Banco Frances	Pair Corr
0.75	GTT	TEGNA Inc	Pair Corr
0.73	TM2	Sydbank A/S	Pair Corr
0.67	5F3	JINS HOLDINGS INC	Pair Corr
0.67	92I	ROMERIKE SPAREBANK	Pair Corr
0.5	NXZ	Nexstar Media Group	Pair Corr
0.39	SON1	Sony Group Corp	Pair Corr

Related Correlations Analysis

	MRL	CHWD	ISHA	DHG	HMT	KMBA	UF2	9FM
MRL		0.28	0.48	0.46	0.62	-0.15	0.58	0.07	MRL
CHWD	0.28		0.21	0.37	0.58	0.36	0.5	0.09	CHWD
ISHA	0.48	0.21		0.81	0.54	-0.25	0.6	0.01	ISHA
DHG	0.46	0.37	0.81		0.62	-0.07	0.61	-0.1	DHG
HMT	0.62	0.58	0.54	0.62		0.12	0.87	-0.17	HMT
KMBA	-0.15	0.36	-0.25	-0.07	0.12		0.17	0.02	KMBA
UF2	0.58	0.5	0.6	0.61	0.87	0.17		-0.14	UF2
9FM	0.07	0.09	0.01	-0.1	-0.17	0.02	-0.14		9FM
	MRL	CHWD	ISHA	DHG	HMT	KMBA	UF2	9FM

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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

UF2	+ 0.87	HMT
DHG	+ 0.81	ISHA
HMT	+ 0.62	MRL
HMT	+ 0.62	DHG
UF2	+ 0.61	DHG
UF2	+ 0.6	ISHA

High negative correlations

KMBA	- 0.25	ISHA
9FM	- 0.17	HMT
KMBA	- 0.15	MRL
9FM	- 0.14	UF2
9FM	- 0.1	DHG
KMBA	- 0.07	DHG

Risk-Adjusted Indicators

There is a big difference between RTL Stock performing well and RTL 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 RTL 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
MRL	1.06	0.46	0.22	(0.84)	0.00	(2.91)	1.15	(0.90)	28.45
CHWD	0.71	0.01	(0.04)	0.13	0.94	(0.97)	1.16	(1.15)	7.89
ISHA	1.75	0.04	(0.03)	(0.27)	2.25	(2.36)	4.22	(4.19)	12.64
DHG	1.34	0.03	(0.03)	0.27	1.94	(1.40)	2.61	(2.47)	7.03
HMT	1.18	0.00	0.03	0.11	1.27	(1.46)	2.03	(2.45)	11.81
KMBA	1.53	0.18	0.03	0.90	1.87	(2.63)	5.00	(4.00)	14.02
UF2	1.21	0.15	0.02	(1.74)	1.25	(1.63)	3.03	(2.63)	9.25
9FM	0.80	0.05	(0.06)	(0.07)	1.23	(0.98)	1.68	(1.60)	9.22

Be your own money manager

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

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