RTL GROUP Correlations

RRTU Stock

EUR 3.26 0.10 2.98%

The current 90-days correlation between RTL GROUP UNSPADR and Scandinavian Tobacco Group is 0.16 (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

Good diversification

The correlation between RTL GROUP UNSPADR and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RTL GROUP UNSPADR 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 UNSPADR to buy it.

Moving together with RTL Stock

0.9	5Y0	KUAISHOU TECHNOLOGY CLB	Pair Corr
0.63	VVU	Vivendi SE	Pair Corr
0.97	RRTL	RTL Group SA	Pair Corr
0.9	PSM	Prosiebensat 1 Media	Pair Corr
0.93	5TP	BLUE LABEL	Pair Corr
0.65	MRG	Outcrop Silver Gold	Pair Corr
0.81	BRH	Berkshire Hathaway	Pair Corr
0.67	ROM	Rohm Co	Pair Corr
0.91	3RE	Rejlerkoncernen AB	Pair Corr
0.71	KEI	KEISEI EL RAILWAY Split	Pair Corr
0.92	BSN	Danone SA	Pair Corr
0.92	TKA	thyssenkrupp AG	Pair Corr
0.92	JYS1	JYSKE BANK	Pair Corr
0.86	BY6A	BYD Limited Earnings Call Tomorrow	Pair Corr
0.8	TLLB	Trelleborg AB	Pair Corr
0.9	DBPE	Xtrackers LevDAX	Pair Corr
0.75	E908	Lyxor 1	Pair Corr

Moving against RTL Stock

0.89	PQ9	BANK MANDIRI	Pair Corr
0.88	PQ9	PT Bank Mandiri	Pair Corr
0.87	PQ9	BANK MANDIRI	Pair Corr
0.83	PQ9	BANK MANDIRI	Pair Corr
0.82	PTI	Perusahaan Perseroan Earnings Call Tomorrow	Pair Corr
0.8	BYRA	BANK RAKYAT IND	Pair Corr
0.72	BYRA	BANK RAKYAT IND	Pair Corr
0.61	BYRA	PT Bank Rakyat	Pair Corr
0.61	BYRA	PT Bank Rakyat	Pair Corr
0.61	TCID	Telkom Indonesia Tbk Earnings Call Tomorrow	Pair Corr
0.41	NC0	News	Pair Corr
0.91	DBPD	Xtrackers ShortDAX	Pair Corr
0.36	T9V	TASTY PLC LS	Pair Corr

Related Correlations Analysis

	8ZI	8QC	CN6	AS7	JATA	AW8	CUW	H4L1
8ZI		0.04	0.71	0.7	-0.56	-0.04	-0.18	0.34	8ZI
8QC	0.04		0.32	0.38	0.23	-0.51	-0.74	0.21	8QC
CN6	0.71	0.32		0.62	-0.37	-0.24	-0.33	0.37	CN6
AS7	0.7	0.38	0.62		-0.21	-0.56	-0.51	0.37	AS7
JATA	-0.56	0.23	-0.37	-0.21		-0.15	-0.05	-0.49	JATA
AW8	-0.04	-0.51	-0.24	-0.56	-0.15		0.48	-0.25	AW8
CUW	-0.18	-0.74	-0.33	-0.51	-0.05	0.48		-0.47	CUW
H4L1	0.34	0.21	0.37	0.37	-0.49	-0.25	-0.47		H4L1
	8ZI	8QC	CN6	AS7	JATA	AW8	CUW	H4L1

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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

CN6	+ 0.71	8ZI
AS7	+ 0.7	8ZI
AS7	+ 0.62	CN6
CUW	+ 0.48	AW8
AS7	+ 0.38	8QC
H4L1	+ 0.37	CN6

High negative correlations

CUW	- 0.74	8QC
AW8	- 0.56	AS7
JATA	- 0.56	8ZI
CUW	- 0.51	AS7
AW8	- 0.51	8QC
H4L1	- 0.49	JATA

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
8ZI	0.98	0.11	0.11	(8.18)	1.43	(1.04)	2.58	(1.72)	8.81
8QC	0.96	0.08	0.14	(0.49)	1.11	(1.12)	2.53	(2.39)	12.74
CN6	1.02	0.14	0.08	(4.02)	1.16	(2.24)	1.85	(1.82)	10.36
AS7	1.80	0.09	0.07	1.24	2.02	(2.02)	3.97	(3.43)	10.91
JATA	0.85	(0.06)	0.00	(3.35)	0.00	0.00	2.56	(1.72)	5.91
AW8	0.34	(0.02)	0.00	(0.36)	0.00	0.00	0.96	(0.94)	3.79
CUW	1.29	(0.25)	0.00	(0.96)	0.00	0.00	3.09	(2.93)	12.72
H4L1	2.37	0.34	0.13	3.24	2.46	(2.87)	4.86	(4.10)	13.70

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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