Gruppo Mutuionline Correlations

Stocks . Germany . 
Stock . Gruppo Mutuionline SpA
MNL Stock   37.05  0.85  2.24%   
The current 90-days correlation between Gruppo Mutuionline SpA and Apple Inc is 0.27 (i.e., Modest diversification). The correlation of Gruppo Mutuionline 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.

Gruppo Mutuionline Correlation With Market

Average diversification

The correlation between Gruppo Mutuionline SpA and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gruppo Mutuionline SpA and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Gruppo Mutuionline could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gruppo Mutuionline 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 Gruppo Mutuionline - 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 Gruppo Mutuionline SpA to buy it.

Moving together with Gruppo Stock

  0.68APC Apple IncPairCorr
  0.67APC Apple IncPairCorr
  0.68APC Apple IncPairCorr
  0.68APC Apple IncPairCorr
  0.67APC Apple IncPairCorr
  0.68APC Apple IncPairCorr

Moving against Gruppo Stock

  0.68BYRA PT Bank RakyatPairCorr
  0.57ASJA ASTRA INTERNATIONALPairCorr
  0.51TCID Telkom Indonesia TbkPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Gruppo Stock performing well and Gruppo Mutuionline 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 Gruppo Mutuionline'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
APC  1.06  0.09  0.00  0.46  1.33 
(1.03)
 2.12 
(2.21)
 6.17 
APC  1.05  0.08  0.00  0.35  1.39 
(1.07)
 2.09 
(2.22)
 6.90 
APC  1.00  0.06  0.00  0.24  1.25 
(1.03)
 2.21 
(1.96)
 5.72 
APC  1.10  0.11 (0.01) 1.75  1.44 
(1.14)
 2.24 
(2.65)
 9.79 
APC  1.15  0.12  0.00  1.16  1.22 
(1.45)
 2.96 
(2.05)
 8.21 
APC  0.94  0.11  0.00  1.10  1.27 
(0.98)
 2.29 
(2.15)
 7.12 
MSF  0.99  0.06 (0.02) 0.31  1.23 
(1.23)
 2.10 
(1.44)
 8.71 
MSF  0.98  0.05 (0.02) 0.29  1.34 
(1.11)
 2.33 
(1.75)
 9.11 
MSF  1.04  0.08 (0.02) 0.52  1.44 
(1.25)
 2.17 
(1.64)
 11.42 
MSF  0.97  0.07 (0.03) 0.55  1.35 
(1.06)
 1.85 
(1.53)
 8.79 

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Our tools can tell you how much better you can do entering a position in Gruppo Mutuionline 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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