RATIONAL UNADR Correlations

RAA1 Stock

EUR 40.40 0.60 1.51%

The current 90-days correlation between RATIONAL UNADR 1 and Watsco Inc is -0.01 (i.e., Good diversification). The correlation of RATIONAL UNADR 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.

RATIONAL UNADR Correlation With Market

Significant diversification

The correlation between RATIONAL UNADR 1 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 RATIONAL UNADR 1 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to RATIONAL UNADR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RATIONAL UNADR 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 RATIONAL UNADR - 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 RATIONAL UNADR 1 to buy it.

Moving together with RATIONAL Stock

0.91	RAA	RATIONAL Aktiengesellscha	Pair Corr
0.65	WC30	WATSCO INC B	Pair Corr
0.65	14T	Toromont Industries	Pair Corr
0.8	PQ9	BANK MANDIRI	Pair Corr
0.73	PQ9	PT Bank Mandiri	Pair Corr
0.67	PQ9	BANK MANDIRI	Pair Corr
0.76	PQ9	BANK MANDIRI	Pair Corr
0.7	BYRA	BANK RAKYAT IND	Pair Corr
0.61	BYRA	PT Bank Rakyat	Pair Corr

Moving against RATIONAL Stock

0.42	GWW	WW Grainger	Pair Corr
0.42	WC3	Watsco Inc	Pair Corr
0.4	WP7	WESCO International	Pair Corr
0.38	FAS	Fastenal	Pair Corr
0.67	VAI	Vail Resorts	Pair Corr
0.66	2CDA	Controladora Vuela Compaa	Pair Corr
0.64	APC	Apple Inc	Pair Corr
0.64	RC2	RCM TECHNOLOGIES	Pair Corr
0.64	SYY	Sysco	Pair Corr
0.6	QAN	Qantas Airways	Pair Corr
0.59	M4I	Mastercard	Pair Corr
0.57	WD5A	TRAVEL LEISURE DL	Pair Corr
0.56	EQN2	Equinix	Pair Corr
0.53	CQD	Charter Communications	Pair Corr
0.51	RZH	SCOTT TECHNOLOGY	Pair Corr
0.49	4GE	Grupo Mxico SAB	Pair Corr
0.48	PNP	PNC Financial	Pair Corr
0.43	HXL	Hexcel	Pair Corr
0.33	FFH	Fifth Third Bancorp	Pair Corr
0.75	M5V	EHEALTH	Pair Corr
0.71	2T9A	TRAINLINE PLC LS	Pair Corr
0.65	APC	Apple Inc	Pair Corr
0.62	AZ5	AutoZone	Pair Corr

Related Correlations Analysis

	GWW	FAS	WC3	WC30	RAA1	WP7	I1M	14T
GWW		0.97	0.88	-0.46	-0.42	0.96	-0.83	-0.8	GWW
FAS	0.97		0.87	-0.43	-0.38	0.97	-0.84	-0.75	FAS
WC3	0.88	0.87		-0.59	-0.42	0.91	-0.7	-0.77	WC3
WC30	-0.46	-0.43	-0.59		0.65	-0.54	0.39	0.65	WC30
RAA1	-0.42	-0.38	-0.42	0.65		-0.4	0.52	0.65	RAA1
WP7	0.96	0.97	0.91	-0.54	-0.4		-0.8	-0.82	WP7
I1M	-0.83	-0.84	-0.7	0.39	0.52	-0.8		0.72	I1M
14T	-0.8	-0.75	-0.77	0.65	0.65	-0.82	0.72		14T
	GWW	FAS	WC3	WC30	RAA1	WP7	I1M	14T

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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

FAS	+ 0.97	GWW
WP7	+ 0.97	FAS
WP7	+ 0.96	GWW
WP7	+ 0.91	WC3
WC3	+ 0.88	GWW
WC3	+ 0.87	FAS

High negative correlations

I1M	- 0.84	FAS
I1M	- 0.83	GWW
14T	- 0.82	WP7
I1M	- 0.8	WP7
14T	- 0.8	GWW
14T	- 0.77	WC3

Risk-Adjusted Indicators

There is a big difference between RATIONAL Stock performing well and RATIONAL UNADR 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 RATIONAL UNADR'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
GWW	1.13	0.19	0.13	(8.02)	0.98	(1.43)	3.02	(1.90)	8.62
FAS	1.00	0.16	0.16	0.35	0.76	(1.41)	2.07	(1.38)	12.00
WC3	1.30	0.05	0.03	0.08	1.47	(1.48)	2.34	(2.91)	10.93
WC30	0.44	0.00	(0.01)	0.04	1.21	(1.13)	0.96	(0.95)	14.25
RAA1	1.11	(0.10)	0.00	(1.14)	0.00	0.00	2.35	(2.87)	8.36
WP7	1.71	0.20	0.11	0.65	1.32	(2.68)	4.60	(2.04)	18.49
I1M	1.05	(0.19)	0.00	(0.31)	0.00	0.00	2.44	(2.49)	6.85
14T	1.47	(0.15)	0.00	(2.51)	0.00	0.00	2.33	(3.10)	16.72

Be your own money manager

Our tools can tell you how much better you can do entering a position in RATIONAL UNADR 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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