Sporttotal Correlations
| WIG1 Stock | EUR 0.02 0 4.55% |
The correlation of Sporttotal 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.
Sporttotal Correlation With Market
Modest diversification
The correlation between Sporttotal AG 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 Sporttotal AG and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Sporttotal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sporttotal 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 Sporttotal - 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 Sporttotal AG to buy it.
Moving together with Sporttotal Stock
| 0.76 | APC | Apple Inc | PairCorr |
| 0.76 | APC | Apple Inc | PairCorr |
| 0.76 | APC | Apple Inc | PairCorr |
| 0.76 | APC | Apple Inc | PairCorr |
| 0.87 | MSF | Microsoft | PairCorr |
| 0.88 | MSF | Microsoft | PairCorr |
| 0.88 | MSF | Microsoft | PairCorr |
| 0.88 | MSF | Microsoft | PairCorr |
| 0.88 | MSF | Microsoft | PairCorr |
| 0.87 | AMZ | Amazon Inc | PairCorr |
| 0.78 | KBIA | KB Financial Group | PairCorr |
| 0.63 | OIX | ORIX | PairCorr |
| 0.63 | SID | State Bank | PairCorr |
| 0.69 | DBPD | Xtrackers ShortDAX | PairCorr |
Moving against Sporttotal Stock
| 0.76 | TKDA | Takeda Pharmaceutical | PairCorr |
| 0.69 | LLD2 | Lloyds Banking Group | PairCorr |
| 0.67 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.55 | SUMB | SUMITOMO P SP | PairCorr |
| 0.53 | W8V | Bank of China Limited Earnings Call This Week | PairCorr |
| 0.43 | E908 | Lyxor 1 | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Sporttotal Stock performing well and Sporttotal 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 Sporttotal'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| APC | 1.24 | (0.25) | 0.00 | (1.92) | 0.00 | 1.74 | 9.09 | |||
| APC | 1.27 | (0.25) | 0.00 | (0.65) | 0.00 | 2.12 | 9.67 | |||
| APC | 1.25 | (0.23) | 0.00 | (0.39) | 0.00 | 2.13 | 10.38 | |||
| APC | 1.36 | (0.23) | 0.00 | (0.85) | 0.00 | 3.16 | 11.01 | |||
| MSF | 1.05 | (0.28) | 0.00 | 3.62 | 0.00 | 1.96 | 10.19 | |||
| MSF | 1.14 | (0.24) | 0.00 | (0.51) | 0.00 | 2.13 | 10.42 | |||
| MSF | 1.11 | (0.26) | 0.00 | (0.53) | 0.00 | 2.34 | 10.90 | |||
| MSF | 1.17 | (0.22) | 0.00 | (0.63) | 0.00 | 1.76 | 12.60 | |||
| MSF | 1.09 | (0.26) | 0.00 | (0.64) | 0.00 | 1.77 | 10.50 | |||
| AMZ | 1.27 | (0.24) | 0.00 | (0.42) | 0.00 | 2.39 | 7.53 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sporttotal 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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