Beta WIG20TR Correlations
| ETFBW20TR | 43.24 0.13 0.30% |
The current 90-days correlation between Beta WIG20TR Portfelowy and Asseco Business Solutions is 0.28 (i.e., Modest diversification). The correlation of Beta WIG20TR 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.
Beta WIG20TR Correlation With Market
Significant diversification
The correlation between Beta WIG20TR Portfelowy and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Beta WIG20TR Portfelowy and DJI in the same portfolio, assuming nothing else is changed.
Beta |
The ability to find closely correlated positions to Beta WIG20TR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Beta WIG20TR 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 Beta WIG20TR - 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 Beta WIG20TR Portfelowy to buy it.
Related Correlations Analysis
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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
| High negative correlations
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Beta WIG20TR Competition Risk-Adjusted Indicators
There is a big difference between Beta Etf performing well and Beta WIG20TR ETF 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 Beta WIG20TR'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| META | 1.15 | 0.21 | 0.11 | 0.55 | 1.25 | 3.22 | 8.02 | |||
| MSFT | 0.84 | 0.02 | (0.01) | 0.12 | 1.45 | 1.83 | 8.14 | |||
| UBER | 1.83 | (0.28) | 0.00 | (0.13) | 0.00 | 2.69 | 20.41 | |||
| F | 1.39 | 0.01 | (0.03) | 0.13 | 2.12 | 2.53 | 11.21 | |||
| T | 0.97 | 0.15 | 0.06 | 2.52 | 1.02 | 2.36 | 6.74 | |||
| A | 1.22 | 0.00 | (0.04) | 0.09 | 1.46 | 2.71 | 9.02 | |||
| CRM | 1.47 | 0.40 | 0.29 | 0.38 | 1.04 | 3.59 | 13.87 | |||
| JPM | 1.01 | 0.08 | 0.13 | 0.13 | 0.94 | 1.73 | 15.87 | |||
| MRK | 0.96 | (0.20) | 0.00 | (0.82) | 0.00 | 2.00 | 5.18 | |||
| XOM | 0.89 | (0.02) | (0.07) | 0.02 | 1.18 | 1.83 | 6.06 |
Beta WIG20TR 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 Beta WIG20TR etf to make a market-neutral strategy. Peer analysis of Beta WIG20TR could also be used in its relative valuation, which is a method of valuing Beta WIG20TR by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |