FLAT GLASS Correlations

72T Stock

EUR 1.37 0.01 0.72%

The current 90-days correlation between FLAT GLASS GROUP and Carrier Global is 0.15 (i.e., Average diversification). The correlation of FLAT GLASS 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.

FLAT GLASS Correlation With Market

Good diversification

The correlation between FLAT GLASS GROUP and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FLAT GLASS GROUP and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with FLAT Stock

0.61	GZ3	Yuexiu Transport Inf	Pair Corr
0.69	CJH	CanSino Biologics	Pair Corr
0.61	VIP	Virtus Investment	Pair Corr
0.66	GRUA	Geely Automobile Holdings	Pair Corr

Moving against FLAT Stock

0.64	LFPB	TRAVIS PERKINS LS	Pair Corr
0.64	RFC4	COPAUR MINERALS INC	Pair Corr
0.59	KRX	Kingspan Group plc	Pair Corr
0.54	SG9	Strix Group Plc	Pair Corr
0.4	0KJ	ABERFORTH SMCOS TRLS	Pair Corr
0.32	4PN	Carrier Global	Pair Corr

Related Correlations Analysis

	DKIA	4PN	GBRF	72T	LFPB	HSJA	FZG1	5IW
DKIA		0.49	0.47	-0.22	0.55	-0.39	-0.32	-0.02	DKIA
4PN	0.49		0.2	-0.32	0.58	-0.17	0.0	-0.35	4PN
GBRF	0.47	0.2		-0.01	0.19	-0.28	-0.04	0.26	GBRF
72T	-0.22	-0.32	-0.01		-0.64	0.43	0.55	0.15	72T
LFPB	0.55	0.58	0.19	-0.64		-0.56	-0.72	0.08	LFPB
HSJA	-0.39	-0.17	-0.28	0.43	-0.56		0.71	0.08	HSJA
FZG1	-0.32	0.0	-0.04	0.55	-0.72	0.71		-0.17	FZG1
5IW	-0.02	-0.35	0.26	0.15	0.08	0.08	-0.17		5IW
	DKIA	4PN	GBRF	72T	LFPB	HSJA	FZG1	5IW

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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

FZG1	+ 0.71	HSJA
LFPB	+ 0.58	4PN
LFPB	+ 0.55	DKIA
FZG1	+ 0.55	72T
4PN	+ 0.49	DKIA
GBRF	+ 0.47	DKIA

High negative correlations

FZG1	- 0.72	LFPB
LFPB	- 0.64	72T
HSJA	- 0.56	LFPB
HSJA	- 0.39	DKIA
5IW	- 0.35	4PN
72T	- 0.32	4PN

Risk-Adjusted Indicators

There is a big difference between FLAT Stock performing well and FLAT GLASS 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 FLAT GLASS'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
DKIA	1.37	0.02	0.00	0.10	1.43	(2.00)	3.48	(2.63)	10.78
4PN	1.38	(0.12)	0.00	(2.46)	0.00	0.00	2.54	(2.60)	11.52
GBRF	1.23	(0.08)	0.00	0.22	0.00	0.00	3.60	(1.82)	8.02
72T	4.06	0.66	0.13	(0.56)	4.23	(5.43)	10.95	(6.67)	29.33
LFPB	1.43	(0.38)	0.00	(1.81)	0.00	0.00	2.79	(3.47)	8.39
HSJA	1.70	0.13	0.03	5.38	2.31	(2.01)	3.65	(3.77)	13.26
FZG1	2.03	0.09	0.03	0.15	2.25	(2.43)	4.04	(3.77)	20.54
5IW	1.15	(0.04)	0.00	0.14	0.00	0.00	2.22	(2.43)	13.56

Be your own money manager

Our tools can tell you how much better you can do entering a position in FLAT GLASS 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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