INPOST SA Correlations

669 Stock

EUR 16.22 0.17 1.06%

The current 90-days correlation between INPOST SA EO and Elis SA is 0.05 (i.e., Significant diversification). The correlation of INPOST SA 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.

INPOST SA Correlation With Market

Good diversification

The correlation between INPOST SA EO and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding INPOST SA EO and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with INPOST Stock

0.73

7EL

Elis SA

Pair Corr

Moving against INPOST Stock

0.39	5FJ	PARK24 LTD	Pair Corr
0.38	RTO	RENTOKIL INITIAL ADR5	Pair Corr
0.34	3WN	PARK24 SPONS ADR1	Pair Corr
0.61	4GE	Grupo Mxico SAB	Pair Corr
0.58	HIP	Park Hotels Resorts	Pair Corr
0.58	GKD	Grand Canyon Education	Pair Corr
0.49	APC	Apple Inc	Pair Corr
0.44	2T9A	TRAINLINE PLC LS	Pair Corr
0.41	WD5A	TRAVEL LEISURE DL	Pair Corr
0.4	EN3	Enbridge	Pair Corr
0.36	M5V	EHEALTH	Pair Corr
0.34	ECHA	Ecopetrol SA	Pair Corr
0.34	CQD	Charter Communications	Pair Corr
0.61	0XHR	Xenia Hotels Resorts	Pair Corr
0.6	SK3	Smurfit Kappa Group	Pair Corr
0.58	SYY	Sysco	Pair Corr
0.53	LIE	Sun Life Financial	Pair Corr

Related Correlations Analysis

	CIT	RTO	669	7EL	5FJ	3WN	665	53L	5K7
CIT		0.63	-0.08	0.12	0.58	-0.22	-0.5	0.29	-0.56	CIT
RTO	0.63		-0.38	-0.14	0.85	0.29	-0.39	0.23	-0.71	RTO
669	-0.08	-0.38		0.73	-0.39	-0.34	-0.26	-0.23	0.16	669
7EL	0.12	-0.14	0.73		-0.1	-0.21	-0.4	-0.11	0.1	7EL
5FJ	0.58	0.85	-0.39	-0.1		0.42	-0.41	0.19	-0.8	5FJ
3WN	-0.22	0.29	-0.34	-0.21	0.42		0.12	0.17	-0.3	3WN
665	-0.5	-0.39	-0.26	-0.4	-0.41	0.12		0.35	0.47	665
53L	0.29	0.23	-0.23	-0.11	0.19	0.17	0.35		-0.09	53L
5K7	-0.56	-0.71	0.16	0.1	-0.8	-0.3	0.47	-0.09		5K7
	CIT	RTO	669	7EL	5FJ	3WN	665	53L	5K7

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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

5FJ	+ 0.85	RTO
7EL	+ 0.73	669
RTO	+ 0.63	CIT
5FJ	+ 0.58	CIT
5K7	+ 0.47	665
3WN	+ 0.42	5FJ

High negative correlations

5K7	- 0.8	5FJ
5K7	- 0.71	RTO
5K7	- 0.56	CIT
665	- 0.5	CIT
665	- 0.41	5FJ
665	- 0.4	7EL

Risk-Adjusted Indicators

There is a big difference between INPOST Stock performing well and INPOST SA 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 INPOST SA'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
CIT	1.19	(0.03)	0.00	(0.03)	0.00	0.00	2.09	(2.03)	15.82
RTO	2.20	0.16	0.05	0.37	2.54	(2.68)	6.36	(4.76)	17.98
669	1.03	(0.10)	0.00	1.61	0.00	0.00	2.20	(2.20)	8.99
7EL	1.43	(0.06)	0.00	0.99	0.00	0.00	3.00	(2.76)	9.87
5FJ	3.14	1.67	1.01	(1.33)	0.00	(4.99)	2.94	(1.85)	86.09
3WN	1.68	0.35	0.17	(1.57)	1.30	(2.67)	3.88	(2.80)	8.85
665	1.50	0.05	0.01	1.03	1.76	(1.97)	2.63	(2.70)	16.02
53L	0.98	0.13	0.09	0.30	0.82	(1.55)	2.61	(1.72)	5.32
5K7	2.44	(0.14)	0.00	0.51	0.00	0.00	4.79	(5.85)	12.07

Be your own money manager

Our tools can tell you how much better you can do entering a position in INPOST SA 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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