GOING PUBL Correlations

Stocks . Germany . 
Stock . GOING PUBL MEDIA
G6P Stock  EUR 4.15  0.00  0.00%   
The current 90-days correlation between GOING PUBL MEDIA and Apple Inc is -0.04 (i.e., Good diversification). The correlation of GOING PUBL 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.

GOING PUBL Correlation With Market

Good diversification

The correlation between GOING PUBL MEDIA and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GOING PUBL MEDIA and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to GOING PUBL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GOING PUBL 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 GOING PUBL - 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 GOING PUBL MEDIA to buy it.

Moving together with GOING Stock

  0.81EII EisaiPairCorr

Moving against GOING Stock

  0.93APC Apple IncPairCorr
  0.93APC Apple IncPairCorr
  0.93APC Apple IncPairCorr
  0.93APC Apple IncPairCorr
  0.88MSF MicrosoftPairCorr
  0.88MSF MicrosoftPairCorr
  0.87MSF MicrosoftPairCorr
  0.87MSF MicrosoftPairCorr
  0.87MSF MicrosoftPairCorr
  0.86AMZ Amazon IncPairCorr
  0.79CYL CryoLifePairCorr
  0.37WDC WESTERN DIGITALPairCorr
  0.36WDC WESTERN DIGITALPairCorr
  0.34WDC WESTERN DIGITALPairCorr
  0.33WDC WESTERN DIGITALPairCorr
  0.31WDC Western DigitalPairCorr
  0.93APC Apple IncPairCorr
  0.924GE Grupo Mxico SABPairCorr
  0.84AZ5 AutoZonePairCorr
  0.84EQN2 EquinixPairCorr
  0.8CYL CRYOLIFEPairCorr
  0.8HXL HexcelPairCorr
  0.78UFH US FOODS HOLDINGPairCorr
  0.78PPB Flutter Entertainment PLCPairCorr
  0.772WY Wyndham Hotels ResortsPairCorr
  0.722T9A TRAINLINE PLC LSPairCorr
  0.72SK3 Smurfit Kappa GroupPairCorr
  0.71KOMA KOMATSU LTD SPONSPairCorr
  0.61WX7 Corporate Office ProPairCorr
  0.61TSFA Taiwan SemiconductorPairCorr
  0.6D2V PARKEN Sport EntertaPairCorr
  0.58D4G Datametrex AI LimitedPairCorr
  0.58WX1 Acadia Realty TrustPairCorr
  0.5LGI LEGAL GENERALPairCorr
  0.85PTX Palantir TechnologiesPairCorr
  0.830XHR Xenia Hotels ResortsPairCorr
  0.78HIP Park Hotels ResortsPairCorr
  0.75LIE Sun Life FinancialPairCorr

Related Correlations Analysis

Please specify at least 3 valid symbols having historical data to build a meaningful correlation cloud. You can use symbol search above to locate your securities.

Be your own money manager

Our tools can tell you how much better you can do entering a position in GOING PUBL 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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