VIENNA INSURANCE Correlations
| WSV2 Stock | EUR 29.80 0.40 1.32% |
The current 90-days correlation between VIENNA INSURANCE and Apple Inc is 0.16 (i.e., Average diversification). The correlation of VIENNA INSURANCE 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.
VIENNA INSURANCE Correlation With Market
Significant diversification
The correlation between VIENNA INSURANCE GR and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VIENNA INSURANCE GR and DJI in the same portfolio, assuming nothing else is changed.
VIENNA |
The ability to find closely correlated positions to VIENNA INSURANCE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace VIENNA INSURANCE 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 VIENNA INSURANCE - 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 VIENNA INSURANCE GR to buy it.
Moving together with VIENNA Stock
Moving against VIENNA Stock
| 0.51 | FHL | Federal Home Loan | PairCorr |
| 0.47 | SID | State Bank | PairCorr |
| 0.44 | AMZ | Amazon Inc | PairCorr |
| 0.33 | KBIA | KB Financial Group | PairCorr |
Related Correlations Analysis
| 0.99 | 0.99 | 0.99 | 0.85 | 0.85 | APC | ||
| 0.99 | 1.0 | 0.99 | 0.87 | 0.87 | APC | ||
| 0.99 | 1.0 | 0.99 | 0.87 | 0.86 | APC | ||
| 0.99 | 0.99 | 0.99 | 0.86 | 0.85 | APC | ||
| 0.85 | 0.87 | 0.87 | 0.86 | 0.99 | MSF | ||
| 0.85 | 0.87 | 0.86 | 0.85 | 0.99 | MSF | ||
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Risk-Adjusted Indicators
There is a big difference between VIENNA Stock performing well and VIENNA INSURANCE 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 VIENNA INSURANCE'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 | 0.98 | 0.31 | 0.17 | 11.08 | 1.01 | 2.24 | 9.79 | |||
| APC | 0.97 | 0.30 | 0.20 | 1.32 | 0.91 | 2.12 | 6.17 | |||
| APC | 0.89 | 0.30 | 0.19 | 2.53 | 0.94 | 2.29 | 7.12 | |||
| APC | 0.99 | 0.32 | 0.23 | 14.03 | 0.68 | 2.83 | 8.21 | |||
| MSF | 1.01 | 0.14 | 0.05 | 1.61 | 1.44 | 2.42 | 11.42 | |||
| MSF | 1.01 | 0.14 | 0.05 | 1.60 | 1.30 | 2.35 | 9.11 |
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