RUECKER IMMOBILIEN Correlations

The current 90-days correlation between RUECKER IMMOBILIEN and Apple Inc is 0.21 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as RUECKER IMMOBILIEN moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RUECKER IMMOBILIEN moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

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