ADVANCED CELL Correlations

Stocks . Germany . 
Stock . ADVANCED CELL TECH
T2N Stock   0.21  0.01  4.55%   
The current 90-days correlation between ADVANCED CELL TECH and Apple Inc is 0.01 (i.e., Significant diversification). The correlation of ADVANCED CELL 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.

ADVANCED CELL Correlation With Market

Modest diversification

The correlation between ADVANCED CELL TECH and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ADVANCED CELL TECH and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to ADVANCED CELL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ADVANCED CELL 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 ADVANCED CELL - 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 ADVANCED CELL TECH to buy it.

Moving together with ADVANCED Stock

  0.84SSU Samsung ElectronicsPairCorr
  0.83SSUN Samsung ElectronicsPairCorr
  0.85SSUN Samsung ElectronicsPairCorr
  0.85SSU Samsung ElectronicsPairCorr
  0.65TCID Telkom Indonesia TbkPairCorr
  0.74TCID Telkom Indonesia TbkPairCorr
  0.73PTI Perusahaan PerseroanPairCorr
  0.73ECHA Ecopetrol SAPairCorr

Moving against ADVANCED Stock

  0.61APC Apple IncPairCorr
  0.61APC Apple IncPairCorr
  0.61APC Apple IncPairCorr
  0.61APC Apple IncPairCorr
  0.61APC Apple IncPairCorr
  0.6APC Apple IncPairCorr
  0.58MSF MicrosoftPairCorr
  0.57MSF MicrosoftPairCorr
  0.57MSF MicrosoftPairCorr
  0.56MSF MicrosoftPairCorr
  0.862CDA Controladora Vuela CompaaPairCorr
  0.77TSFA Taiwan SemiconductorPairCorr
  0.772T9A TRAINLINE PLC LSPairCorr
  0.75WX7 Corporate Office ProPairCorr
  0.74WD5A TRAVEL LEISURE DLPairCorr
  0.74FFH Fifth Third BancorpPairCorr
  0.66EN3 EnbridgePairCorr
  0.57MSF MicrosoftPairCorr
  0.55RS6 RELIANCE STEEL ALPairCorr
  0.510XHR Xenia Hotels ResortsPairCorr
  0.44KOMA KOMATSU LTD SPONSPairCorr
  0.86WX1 Acadia Realty TrustPairCorr
  0.79RC2 RCM TECHNOLOGIESPairCorr
  0.783FNA ADRIATIC METALS LSPairCorr
  0.69AQHE Event HospitalityPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between ADVANCED Stock performing well and ADVANCED CELL 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 ADVANCED CELL'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  0.88  0.26  0.20  0.76  0.89 
(0.99)
 1.81 
(1.75)
 4.97 
APC  0.85  0.25  0.18  0.78  0.98 
(0.93)
 1.88 
(1.73)
 5.24 
APC  0.86  0.26  0.21  1.37  0.84 
(0.95)
 2.06 
(1.76)
 4.50 
APC  0.93  0.26  0.17  0.70  1.04 
(0.99)
 2.22 
(1.83)
 6.45 
APC  0.95  0.27  0.23  0.74  0.74 
(1.11)
 2.83 
(1.69)
 5.24 
APC  0.84  0.26  0.20  0.64  1.00 
(0.95)
 1.88 
(1.61)
 6.46 
MSF  0.96  0.10  0.06  0.29  1.25 
(1.17)
 2.55 
(1.46)
 8.71 
MSF  1.05  0.09  0.05  0.19  1.38 
(1.17)
 2.35 
(1.75)
 9.11 
MSF  1.00  0.10  0.05  0.27  1.48 
(1.16)
 2.42 
(1.66)
 11.42 
MSF  0.92  0.09  0.05  0.28  1.33 
(1.00)
 2.04 
(1.49)
 8.79 

Be your own money manager

Our tools can tell you how much better you can do entering a position in ADVANCED CELL 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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