Adriano Care Correlations

YADR Stock

10.10 0.00 0.00%

The current 90-days correlation between Adriano Care SOCIMI and Metrovacesa SA is -0.22 (i.e., Very good diversification). The correlation of Adriano Care 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.

Adriano Care Correlation With Market

Average diversification

The correlation between Adriano Care SOCIMI and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Adriano Care SOCIMI and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Adriano Stock

0.77	ANA	Acciona	Pair Corr
0.82	GCO	Grupo Catalana Occidente	Pair Corr

Moving against Adriano Stock

0.87	YGMP	GMP Property SOCIMI	Pair Corr
0.75	IBG	Iberpapel Gestion	Pair Corr
0.68	AENA	Aena SA	Pair Corr
0.61	APAM	Aperam SA	Pair Corr

Related Correlations Analysis

	YADR	MVC	ENO	MAP	YTAN	CCEP	CLNX	ITX	CASH	YVIV
YADR		-0.53	-0.7	-0.82	0.0	0.03	0.61	-0.55	0.02	-0.51	YADR
MVC	-0.53		0.61	0.62	0.0	-0.02	-0.32	0.52	0.03	0.42	MVC
ENO	-0.7	0.61		0.9	0.0	0.13	-0.66	0.51	-0.26	0.54	ENO
MAP	-0.82	0.62	0.9		0.0	0.03	-0.65	0.65	-0.08	0.5	MAP
YTAN	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	YTAN
CCEP	0.03	-0.02	0.13	0.03	0.0		-0.26	-0.18	-0.41	0.56	CCEP
CLNX	0.61	-0.32	-0.66	-0.65	0.0	-0.26		0.02	0.67	-0.76	CLNX
ITX	-0.55	0.52	0.51	0.65	0.0	-0.18	0.02		0.6	-0.01	ITX
CASH	0.02	0.03	-0.26	-0.08	0.0	-0.41	0.67	0.6		-0.57	CASH
YVIV	-0.51	0.42	0.54	0.5	0.0	0.56	-0.76	-0.01	-0.57		YVIV
	YADR	MVC	ENO	MAP	YTAN	CCEP	CLNX	ITX	CASH	YVIV

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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

MAP	+ 0.9	ENO
CASH	+ 0.67	CLNX
ITX	+ 0.65	MAP
MAP	+ 0.62	MVC
CLNX	+ 0.61	YADR
ENO	+ 0.61	MVC

High negative correlations

MAP	- 0.82	YADR
YVIV	- 0.76	CLNX
ENO	- 0.7	YADR
CLNX	- 0.66	ENO
CLNX	- 0.65	MAP
YVIV	- 0.57	CASH

Risk-Adjusted Indicators

There is a big difference between Adriano Stock performing well and Adriano Care 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 Adriano Care'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
YADR	0.19	(0.12)	0.00	(1.10)	0.00	0.00	0.00	0.00	5.56
MVC	0.77	0.07	(0.08)	(0.56)	0.70	(1.09)	1.76	(1.39)	3.85
ENO	0.81	0.17	0.02	(0.86)	0.80	(0.94)	1.67	(1.37)	7.16
MAP	0.89	0.14	0.02	5.17	0.82	(1.20)	2.07	(1.61)	7.45
YTAN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CCEP	0.77	0.05	(0.03)	0.33	0.79	(1.80)	2.52	(2.19)	6.94
CLNX	1.10	(0.03)	0.00	0.63	0.00	0.00	2.27	(2.44)	6.49
ITX	0.93	0.12	(0.02)	(0.55)	0.97	(1.07)	2.21	(1.71)	6.65
CASH	0.95	(0.05)	(0.06)	0.00	1.15	(2.25)	1.96	(1.89)	7.22
YVIV	0.02	0.00	0.00	(0.45)	0.00	0.00	0.00	0.00	0.74

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Our tools can tell you how much better you can do entering a position in Adriano Care 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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