PROSIEBENSAT1 MEDIADR4/ Correlations

Stocks . Germany . 
Stock . PROSIEBENSAT1 MEDIADR4
PSMA Stock   1.32  0.03  2.22%   
The current 90-days correlation between PROSIEBENSAT1 MEDIADR4/ and Apple Inc is 0.07 (i.e., Significant diversification). The correlation of PROSIEBENSAT1 MEDIADR4/ 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.

PROSIEBENSAT1 MEDIADR4/ Correlation With Market

Good diversification

The correlation between PROSIEBENSAT1 MEDIADR4 and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PROSIEBENSAT1 MEDIADR4 and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to PROSIEBENSAT1 MEDIADR4/ could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PROSIEBENSAT1 MEDIADR4/ 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 PROSIEBENSAT1 MEDIADR4/ - 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 PROSIEBENSAT1 MEDIADR4 to buy it.

Moving together with PROSIEBENSAT1 Stock

  0.62HYU Hyundai MotorPairCorr

Moving against PROSIEBENSAT1 Stock

  0.7MFZA Mitsubishi UFJ FinancialPairCorr
  0.596GAA Grupo Aval AccionesPairCorr
  0.536GAA Grupo Aval AccionesPairCorr
  0.51MSF MicrosoftPairCorr
  0.51MSF MicrosoftPairCorr
  0.51MSF MicrosoftPairCorr
  0.5MSF MicrosoftPairCorr
  0.4APC Apple IncPairCorr
  0.4APC Apple IncPairCorr
  0.39APC Apple IncPairCorr
  0.38APC Apple IncPairCorr
  0.38APC Apple IncPairCorr
  0.38APC Apple IncPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between PROSIEBENSAT1 Stock performing well and PROSIEBENSAT1 MEDIADR4/ 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 PROSIEBENSAT1 MEDIADR4/'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  1.01  0.23  0.10  1.50  1.14 
(1.09)
 2.12 
(1.96)
 6.17 
APC  0.96  0.23  0.10  1.31  1.20 
(1.02)
 2.09 
(2.07)
 6.90 
APC  0.95  0.21  0.11  0.68  1.06 
(1.02)
 2.23 
(1.83)
 5.72 
APC  1.04  0.25  0.09 (4.61) 1.24 
(1.10)
 2.24 
(2.12)
 9.79 
APC  1.03  0.25  0.11 (4.45) 0.99 
(1.20)
 2.83 
(2.01)
 8.21 
APC  0.93  0.24  0.11  4.84  1.13 
(1.04)
 2.29 
(1.78)
 7.12 
MSF  0.96  0.16  0.06  0.83  1.17 
(1.21)
 2.55 
(1.44)
 8.71 
MSF  1.01  0.20  0.08  2.39  1.27 
(1.20)
 2.35 
(1.56)
 9.11 
MSF  1.01  0.19  0.06  2.05  1.42 
(1.21)
 2.42 
(1.55)
 11.42 
MSF  0.95  0.17  0.05  2.99  1.26 
(1.06)
 2.04 
(1.48)
 8.79 

Be your own money manager

Our tools can tell you how much better you can do entering a position in PROSIEBENSAT1 MEDIADR4/ 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.

Did you try this?

Run Portfolio Anywhere Now

   

Portfolio Anywhere

Track or share privately all of your investments from the convenience of any device
All  Next Launch Module
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY