Multi Units Correlations

INRL Etf

2,654 8.87 0.33%

The current 90-days correlation between Multi Units France and Vanguard FTSE Developed is -0.04 (i.e., Good diversification). The correlation of Multi Units 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.

Multi Units Correlation With Market

Significant diversification

The correlation between Multi Units France and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Multi Units France and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Multi Units could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Multi Units 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 Multi Units - 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 Multi Units France to buy it.

Moving together with Multi Etf

0.8

3SVP

GraniteShares 3x Short

Pair Corr

Moving against Multi Etf

0.58	SMT	Scottish Mortgage	Pair Corr
0.49	3PYE	Leverage Shares 3x	Pair Corr
0.47	3LNE	GraniteShares 3x Long	Pair Corr
0.46	3PLT	Leverage Shares 3x	Pair Corr
0.44	3LGS	WisdomTree Natural Gas	Pair Corr
0.43	3FTE	GraniteShares 3x Long	Pair Corr
0.42	EWI	Edinburgh Worldwide	Pair Corr
0.36	3SME	GraniteShares 3x Short	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.37	-0.17	-0.12	0.53	0.26	0.66	0.45	-0.41	0.18	META
MSFT	0.37		-0.44	-0.05	0.36	0.16	0.25	0.15	0.13	-0.66	MSFT
UBER	-0.17	-0.44		0.06	-0.67	0.12	-0.53	-0.43	0.37	0.44	UBER
F	-0.12	-0.05	0.06		0.21	-0.47	0.32	0.54	-0.35	0.34	F
T	0.53	0.36	-0.67	0.21		-0.26	0.89	0.83	-0.73	-0.09	T
A	0.26	0.16	0.12	-0.47	-0.26		-0.26	-0.46	0.57	-0.08	A
CRM	0.66	0.25	-0.53	0.32	0.89	-0.26		0.92	-0.84	0.14	CRM
JPM	0.45	0.15	-0.43	0.54	0.83	-0.46	0.92		-0.87	0.18	JPM
MRK	-0.41	0.13	0.37	-0.35	-0.73	0.57	-0.84	-0.87		-0.31	MRK
XOM	0.18	-0.66	0.44	0.34	-0.09	-0.08	0.14	0.18	-0.31		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

JPM	+ 0.92	CRM
CRM	+ 0.89	T
JPM	+ 0.83	T
CRM	+ 0.66	META
MRK	+ 0.57	A
JPM	+ 0.54	F

High negative correlations

MRK	- 0.87	JPM
MRK	- 0.84	CRM
MRK	- 0.73	T
T	- 0.67	UBER
XOM	- 0.66	MSFT
CRM	- 0.53	UBER

Multi Units Competition Risk-Adjusted Indicators

There is a big difference between Multi Etf performing well and Multi Units 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 Multi Units' 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	1.17	0.27	0.15	0.67	1.17	(1.37)	3.22	(1.87)	8.02
MSFT	0.84	0.03	(0.01)	0.16	1.47	(0.79)	1.83	(1.57)	8.14
UBER	1.84	(0.29)	0.00	(0.14)	0.00	0.00	2.69	(5.35)	20.41
F	1.39	(0.13)	(0.04)	0.01	2.12	(1.42)	2.53	(2.79)	11.21
T	0.98	0.12	0.03	0.67	1.05	(1.07)	2.36	(1.99)	6.74
A	1.22	(0.01)	(0.05)	0.08	1.47	(1.30)	2.71	(2.41)	9.02
CRM	1.47	0.42	0.30	0.41	1.03	(1.71)	3.59	(1.93)	13.87
JPM	1.01	0.06	0.12	0.14	0.92	(1.19)	1.73	(1.42)	15.87
MRK	0.95	(0.21)	0.00	(0.78)	0.00	0.00	2.00	(2.17)	5.18
XOM	0.90	0.01	(0.05)	0.14	1.16	(0.98)	1.83	(1.96)	6.06

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Our tools can tell you how much better you can do entering a position in Multi Units 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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