Techo Hogar Correlations

YTCH Stock

1.05 0.00 0.00%

The correlation of Techo Hogar 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.

Techo Hogar Correlation With Market

Significant diversification

The correlation between Techo Hogar SOCIMI, and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Techo Hogar SOCIMI, and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Techo Stock

0.72	AIR	Airbus Group SE	Pair Corr
0.72	XVALO	Vale SA	Pair Corr
0.68	IBE	Iberdrola SA	Pair Corr
0.9	SAN	Banco Santander	Pair Corr
0.88	BBVA	Banco Bilbao Vizcaya	Pair Corr
0.85	CABK	Caixabank SA	Pair Corr
0.93	AENA	Aena SA	Pair Corr
0.89	MTS	ArcelorMittal SA	Pair Corr

Related Correlations Analysis

	TQT	BAIN	YMHRE	MIO	BST	YARP	YATO	NHH
TQT		0.0	0.0	0.0	0.0	0.0	0.0	0.0	TQT
BAIN	0.0		-0.73	-0.6	0.71	0.31	0.61	0.17	BAIN
YMHRE	0.0	-0.73		0.5	-0.61	-0.48	-0.56	0.02	YMHRE
MIO	0.0	-0.6	0.5		-0.69	-0.35	-0.83	-0.31	MIO
BST	0.0	0.71	-0.61	-0.69		0.06	0.82	0.09	BST
YARP	0.0	0.31	-0.48	-0.35	0.06		0.22	0.03	YARP
YATO	0.0	0.61	-0.56	-0.83	0.82	0.22		0.3	YATO
NHH	0.0	0.17	0.02	-0.31	0.09	0.03	0.3		NHH
	TQT	BAIN	YMHRE	MIO	BST	YARP	YATO	NHH

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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

YATO	+ 0.82	BST
BST	+ 0.71	BAIN
YATO	+ 0.61	BAIN
MIO	+ 0.5	YMHRE
YARP	+ 0.31	BAIN
NHH	+ 0.3	YATO

High negative correlations

YATO	- 0.83	MIO
YMHRE	- 0.73	BAIN
BST	- 0.69	MIO
BST	- 0.61	YMHRE
MIO	- 0.6	BAIN
YATO	- 0.56	YMHRE

Risk-Adjusted Indicators

There is a big difference between Techo Stock performing well and Techo Hogar 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 Techo Hogar'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
TQT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BAIN	0.70	0.26	0.20	(7.04)	0.00	(3.55)	0.59	(0.58)	17.58
YMHRE	0.56	(0.12)	0.00	0.46	0.00	0.00	1.53	(0.83)	6.70
MIO	0.64	(0.26)	0.00	(1.80)	0.00	0.00	0.74	(2.99)	7.85
BST	2.79	0.13	0.04	0.34	3.04	(4.72)	6.45	(5.88)	16.77
YARP	0.04	0.01	0.00	(0.33)	0.00	0.00	0.00	0.00	1.39
YATO	0.54	0.27	0.00	(1.24)	0.00	0.00	1.54	0.00	10.22
NHH	1.05	0.52	2.14	(6.71)	0.00	(2.19)	0.47	(0.32)	35.25

Techo Hogar Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Techo Hogar stock to make a market-neutral strategy. Peer analysis of Techo Hogar could also be used in its relative valuation, which is a method of valuing Techo Hogar by comparing valuation metrics with similar companies.

Technomeca Aerospace SA Borges Agricultural Industrial Millenium Hotels Real Media Investment Optimization Biotechnology Assets SA Arrienda Rental Properties Atom Hoteles Socimi NH Hoteles American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

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