SCANDINAV REAL Correlations

Stocks . Germany . 
Stock . SCANDINAV REAL HEART
782 Stock   1.05  0.02  1.87%   
The correlation of SCANDINAV REAL 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.
  
The ability to find closely correlated positions to SCANDINAV REAL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SCANDINAV REAL 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 SCANDINAV REAL - 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 SCANDINAV REAL HEART to buy it.

Moving together with SCANDINAV Stock

  0.79DBPD Xtrackers ShortDAXPairCorr

Moving against SCANDINAV Stock

  0.89APC Apple IncPairCorr
  0.88APC Apple IncPairCorr
  0.88APC Apple IncPairCorr
  0.88APC Apple IncPairCorr
  0.88APC Apple IncPairCorr
  0.87APC Apple IncPairCorr
  0.8MSF MicrosoftPairCorr
  0.8MSF MicrosoftPairCorr
  0.79MSF MicrosoftPairCorr
  0.79MSF MicrosoftPairCorr
  0.78E908 Lyxor 1PairCorr
  0.76DBPE Xtrackers LevDAXPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between SCANDINAV Stock performing well and SCANDINAV REAL 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 SCANDINAV REAL'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  0.97  0.31  0.22  1.43  0.92 
(1.12)
 2.12 
(1.75)
 6.17 
APC  0.90  0.31  0.21  1.25  0.93 
(1.03)
 2.09 
(1.73)
 6.90 
APC  0.91  0.30  0.23  0.77  0.83 
(1.05)
 2.23 
(1.76)
 5.72 
APC  1.00  0.33  0.20  275.84  0.98 
(1.12)
 2.24 
(1.83)
 9.79 
APC  0.99  0.32  0.26  32.09  0.67 
(1.20)
 2.83 
(1.69)
 8.21 
APC  0.89  0.32  0.21  2.90  0.96 
(1.03)
 2.29 
(1.61)
 7.12 
MSF  0.95  0.14  0.07  0.77  1.22 
(1.17)
 2.55 
(1.46)
 8.71 
MSF  1.00  0.14  0.06  1.78  1.30 
(1.15)
 2.35 
(1.56)
 9.11 
MSF  1.01  0.15  0.06  2.65  1.44 
(1.17)
 2.42 
(1.55)
 11.42 
MSF  0.93  0.14  0.06 (26.31) 1.25 
(1.04)
 2.04 
(1.48)
 8.79 

SCANDINAV REAL 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 SCANDINAV REAL stock to make a market-neutral strategy. Peer analysis of SCANDINAV REAL could also be used in its relative valuation, which is a method of valuing SCANDINAV REAL by comparing valuation metrics with similar companies.
 Risk & Return  Correlation
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY