ENTERGY Dusseldorf Correlations

Stocks . Germany . 
Stock . ENTERGY Dusseldorf
ETY Stock  EUR 72.00  0.50  0.70%   
The current 90-days correlation between ENTERGY Dusseldorf and Apple Inc is 0.11 (i.e., Average diversification). The correlation of ENTERGY Dusseldorf 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. If the correlation is 0, the equities are not correlated; they are entirely random.

ENTERGY Dusseldorf Correlation With Market

Significant diversification

The correlation between ENTERGY Dusseldorf and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ENTERGY Dusseldorf and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to ENTERGY Dusseldorf could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ENTERGY Dusseldorf 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 ENTERGY Dusseldorf - 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 ENTERGY Dusseldorf to buy it.

Moving together with ENTERGY Stock

  0.73APC Apple IncPairCorr
  0.73APC Apple IncPairCorr
  0.73APC Apple IncPairCorr
  0.72APC Apple IncPairCorr
  0.7MSF MicrosoftPairCorr
  0.72MSF MicrosoftPairCorr
  0.72MSF MicrosoftPairCorr
  0.72MSF MicrosoftPairCorr
  0.85AMZ Amazon IncPairCorr
  0.89CYL CryoLifePairCorr
  0.89CYL CRYOLIFEPairCorr
  0.93UFH US FOODS HOLDINGPairCorr
  0.712T9A TRAINLINE PLC LSPairCorr
  0.61KOMA KOMATSU LTD SPONSPairCorr
  0.7HXL HexcelPairCorr
  0.91SK3 Smurfit Kappa GroupPairCorr
  0.74WX7 Corporate Office ProPairCorr
  0.74AZ5 AutoZonePairCorr
  0.9EQN2 EquinixPairCorr
  0.77PPB Flutter Entertainment PLCPairCorr
  0.732WY Wyndham Hotels ResortsPairCorr
  0.92WX1 Acadia Realty TrustPairCorr
  0.89FFH Fifth Third BancorpPairCorr
  0.91PTX Palantir TechnologiesPairCorr

Moving against ENTERGY Stock

  0.83EII EisaiPairCorr
  0.55AXI Atos SEPairCorr
  0.4C4S1 CHINA STATE STRUPairCorr

Related Correlations Analysis

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Our tools can tell you how much better you can do entering a position in ENTERGY Dusseldorf 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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