CLUB DE Correlations

Stocks . Germany . 
Stock . CLUB DE FUTBINTERC
2OI Stock   0.38  0.03  7.32%   
The current 90-days correlation between CLUB DE FUTBINTERC and Apple Inc is -0.31 (i.e., Very good diversification). The correlation of CLUB DE 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.

CLUB DE Correlation With Market

Very good diversification

The correlation between CLUB DE FUTBINTERC and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CLUB DE FUTBINTERC and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to CLUB DE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CLUB DE 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 CLUB DE - 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 CLUB DE FUTBINTERC to buy it.

Moving against CLUB Stock

  0.41APC Apple IncPairCorr
  0.39APC Apple IncPairCorr
  0.39APC Apple IncPairCorr
  0.39APC Apple IncPairCorr
  0.38APC Apple IncPairCorr
  0.37APC Apple IncPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between CLUB Stock performing well and CLUB DE 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 CLUB DE'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
APC  0.94  0.29  0.23  1.55  0.94 
(1.07)
 2.09 
(1.75)
 6.17 
APC  0.88  0.30  0.22  1.40  0.94 
(0.99)
 2.09 
(1.73)
 6.90 
APC  0.89  0.29  0.24  0.85  0.85 
(1.00)
 2.23 
(1.76)
 5.72 
APC  0.99  0.34  0.23  179.16  0.98 
(1.10)
 2.24 
(1.83)
 9.79 
APC  0.98  0.00  0.30  0.00  0.67 
(1.18)
 2.83 
(1.69)
 8.21 
APC  0.87  0.28  0.22  2.03  0.96 
(1.00)
 1.91 
(1.61)
 7.12 
MSF  0.95  0.15  0.10  0.79  1.22 
(1.17)
 2.55 
(1.46)
 8.71 
MSF  1.01  0.14  0.09  1.46  1.30 
(1.16)
 2.35 
(1.56)
 9.11 
MSF  1.01  0.16  0.09  2.01  1.43 
(1.17)
 2.42 
(1.55)
 11.42 
MSF  0.91  0.16  0.10  10.33  1.22 
(1.04)
 2.04 
(1.28)
 8.79 

CLUB DE 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 CLUB DE stock to make a market-neutral strategy. Peer analysis of CLUB DE could also be used in its relative valuation, which is a method of valuing CLUB DE by comparing valuation metrics with similar companies.
 Risk & Return  Correlation
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