Groupe JAJ Correlations

GJAJ Stock

EUR 0.90 0.00 0.00%

The current 90-days correlation between Groupe JAJ and Avenir Telecom SA is 0.07 (i.e., Significant diversification). The correlation of Groupe JAJ 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 Groupe JAJ could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Groupe JAJ 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 Groupe JAJ - 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 Groupe JAJ to buy it.

Moving together with Groupe Stock

0.63	BUI	Barbara Bui SA	Pair Corr
0.62	BUR	Burelle SA	Pair Corr
0.64	ALCOF	Cofidur SA	Pair Corr

Moving against Groupe Stock

0.52	EC	TotalEnergies EP Gabon	Pair Corr
0.51	VK	Vallourec	Pair Corr
0.47	AREIT	Altareit	Pair Corr
0.47	CRSU	Caisse Regionale	Pair Corr
0.47	ABCA	ABC arbitrage SA	Pair Corr
0.45	ALKKO	Kko International	Pair Corr
0.43	DPT	ST Dupont	Pair Corr
0.43	FINM	Financiere Marjos	Pair Corr
0.42	ALMIB	Amoeba SA	Pair Corr
0.41	MLONE	Body One SA	Pair Corr
0.36	ALARF	Adeunis	Pair Corr
0.35	GLE	Societe Generale	Pair Corr
0.35	CRLO	Caisse Regionale	Pair Corr
0.32	CIV	Caisse Regionale	Pair Corr
0.6	AIR	Airbus Group SE	Pair Corr
0.52	MLCFD	Compagnie de Chemins	Pair Corr
0.51	ENX	Euronext NV	Pair Corr
0.5	OVH	OVH Groupe SAS	Pair Corr
0.49	MLPRX	Parx Plastics NV	Pair Corr
0.49	ALNEO	Neotion SA	Pair Corr
0.47	ALHGO	Hamilton Global Oppo	Pair Corr
0.46	AC	Accor S A	Pair Corr
0.43	AXW	Axway Software	Pair Corr
0.41	EL	EssilorLuxottica S	Pair Corr

Related Correlations Analysis

	AVT	CRI	BIG	MTU	MEMS	MAAT	POXEL	ALTTU	ERA	ALTBG
AVT		0.4	0.96	0.55	-0.15	-0.81	0.79	0.0	0.53	-0.89	AVT
CRI	0.4		0.39	0.49	0.36	-0.43	0.65	0.0	0.79	-0.54	CRI
BIG	0.96	0.39		0.6	-0.11	-0.82	0.81	0.0	0.56	-0.91	BIG
MTU	0.55	0.49	0.6		0.41	-0.45	0.58	0.0	0.72	-0.57	MTU
MEMS	-0.15	0.36	-0.11	0.41		0.03	-0.09	0.0	0.3	-0.01	MEMS
MAAT	-0.81	-0.43	-0.82	-0.45	0.03		-0.74	0.0	-0.46	0.89	MAAT
POXEL	0.79	0.65	0.81	0.58	-0.09	-0.74		0.0	0.74	-0.85	POXEL
ALTTU	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	ALTTU
ERA	0.53	0.79	0.56	0.72	0.3	-0.46	0.74	0.0		-0.65	ERA
ALTBG	-0.89	-0.54	-0.91	-0.57	-0.01	0.89	-0.85	0.0	-0.65		ALTBG
	AVT	CRI	BIG	MTU	MEMS	MAAT	POXEL	ALTTU	ERA	ALTBG

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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

BIG	+ 0.96	AVT
ALTBG	+ 0.89	MAAT
POXEL	+ 0.81	BIG
POXEL	+ 0.79	AVT
ERA	+ 0.79	CRI
ERA	+ 0.74	POXEL

High negative correlations

ALTBG	- 0.91	BIG
ALTBG	- 0.89	AVT
ALTBG	- 0.85	POXEL
MAAT	- 0.82	BIG
MAAT	- 0.81	AVT
POXEL	- 0.74	MAAT

Risk-Adjusted Indicators

There is a big difference between Groupe Stock performing well and Groupe JAJ 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 Groupe JAJ'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
AVT	1.91	(0.35)	0.00	(1.43)	0.00	0.00	3.77	(3.97)	12.35
CRI	1.31	(0.25)	0.00	(0.39)	0.00	0.00	3.12	(4.35)	9.00
BIG	1.65	(0.48)	0.00	1.51	0.00	0.00	2.88	(4.11)	13.02
MTU	1.60	(0.03)	0.00	0.49	0.00	0.00	3.69	(2.64)	9.54
MEMS	3.19	0.30	0.08	(1.36)	3.17	(3.81)	7.60	(4.97)	23.47
MAAT	1.38	0.12	0.05	(0.42)	1.53	(1.69)	2.41	(3.23)	12.11
POXEL	3.79	(1.84)	0.00	(3.23)	0.00	0.00	7.69	(12.20)	30.73
ALTTU	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ERA	2.19	(0.26)	0.00	1.02	0.00	0.00	5.80	(4.46)	20.22
ALTBG	5.77	1.61	0.22	(1.28)	4.51	(9.87)	12.50	(8.33)	46.28

Be your own money manager

Our tools can tell you how much better you can do entering a position in Groupe JAJ 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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