Tonnellerie Francois Correlations

TFF Stock

EUR 29.00 0.10 0.35%

The current 90-days correlation between Tonnellerie Francois and SA Catana Group is 0.06 (i.e., Significant diversification). The correlation of Tonnellerie Francois 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.

Tonnellerie Francois Correlation With Market

Average diversification

The correlation between Tonnellerie Francois Freres 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 Tonnellerie Francois Freres and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Tonnellerie Stock

0.61

ALCOF

Cofidur SA

Pair Corr

Moving against Tonnellerie Stock

0.89	AREIT	Altareit	Pair Corr
0.79	ODET	Compagnie de lOdet	Pair Corr
0.63	GLE	Societe Generale	Pair Corr
0.41	CRSU	Caisse Regionale	Pair Corr

Related Correlations Analysis

	CATG	ALPDX	ALREW	MTU	GFC	EKI	ORAP	BUR	LHYFE	GTT
CATG		-0.08	0.01	0.27	-0.1	-0.33	-0.54	-0.03	0.33	-0.09	CATG
ALPDX	-0.08		0.8	0.3	0.82	0.05	-0.17	0.43	0.28	-0.67	ALPDX
ALREW	0.01	0.8		0.45	0.92	0.01	-0.32	0.59	0.54	-0.84	ALREW
MTU	0.27	0.3	0.45		0.25	0.02	-0.37	0.75	0.46	-0.31	MTU
GFC	-0.1	0.82	0.92	0.25		0.04	-0.21	0.44	0.46	-0.84	GFC
EKI	-0.33	0.05	0.01	0.02	0.04		0.67	0.0	-0.02	0.2	EKI
ORAP	-0.54	-0.17	-0.32	-0.37	-0.21	0.67		-0.36	-0.56	0.46	ORAP
BUR	-0.03	0.43	0.59	0.75	0.44	0.0	-0.36		0.45	-0.51	BUR
LHYFE	0.33	0.28	0.54	0.46	0.46	-0.02	-0.56	0.45		-0.56	LHYFE
GTT	-0.09	-0.67	-0.84	-0.31	-0.84	0.2	0.46	-0.51	-0.56		GTT
	CATG	ALPDX	ALREW	MTU	GFC	EKI	ORAP	BUR	LHYFE	GTT

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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

GFC	+ 0.92	ALREW
GFC	+ 0.82	ALPDX
ALREW	+ 0.8	ALPDX
BUR	+ 0.75	MTU
ORAP	+ 0.67	EKI
BUR	+ 0.59	ALREW

High negative correlations

GTT	- 0.84	GFC
GTT	- 0.84	ALREW
GTT	- 0.67	ALPDX
GTT	- 0.56	LHYFE
LHYFE	- 0.56	ORAP
ORAP	- 0.54	CATG

Risk-Adjusted Indicators

There is a big difference between Tonnellerie Stock performing well and Tonnellerie Francois 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 Tonnellerie Francois' 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
CATG	1.47	(0.15)	0.00	0.92	0.00	0.00	2.71	(2.95)	10.01
ALPDX	0.76	(0.10)	0.00	(0.12)	0.00	0.00	1.98	(1.97)	4.08
ALREW	2.18	(0.46)	0.00	1.85	0.00	0.00	3.69	(5.08)	24.16
MTU	1.49	(0.34)	0.00	(0.54)	0.00	0.00	3.69	(2.80)	9.28
GFC	0.92	(0.06)	0.00	1.13	0.00	0.00	1.62	(1.80)	4.88
EKI	1.80	(0.06)	0.00	(0.07)	0.00	0.00	4.95	(4.19)	16.76
ORAP	0.40	0.13	0.00	(7.30)	0.23	(1.23)	0.34	(0.31)	8.35
BUR	1.34	(0.14)	0.00	0.55	0.00	0.00	2.79	(3.07)	10.65
LHYFE	1.70	(0.32)	0.00	1.10	0.00	0.00	3.71	(3.57)	12.66
GTT	0.93	0.05	(0.07)	(3.63)	1.08	(1.04)	2.71	(1.87)	5.95

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Our tools can tell you how much better you can do entering a position in Tonnellerie Francois 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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