SOGECLAIR Correlations

2U0 Stock

17.55 0.15 0.85%

The current 90-days correlation between SOGECLAIR SA INH and Raytheon Technologies Corp is -0.05 (i.e., Good diversification). The correlation of SOGECLAIR 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.

SOGECLAIR Correlation With Market

Significant diversification

The correlation between SOGECLAIR SA INH and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SOGECLAIR SA INH and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against SOGECLAIR Stock

0.44	5UR	Raytheon Technologies	Pair Corr
0.43	3FNA	ADRIATIC METALS LS	Pair Corr
0.51	C4S1	CHINA STATE STRU	Pair Corr
0.49	UIPN	Unipol Gruppo Finanziario	Pair Corr
0.61	VAR1	Varta AG	Pair Corr
0.6	XYTA	CHINA HUARONG ENERHD	Pair Corr
0.51	NOA3	Nokia	Pair Corr
0.48	SCG	SPORTING	Pair Corr
0.33	WX7	Corporate Office Pro	Pair Corr

Related Correlations Analysis

	5UR	BCO	LOM	BCO	LOM	AIR	AIRA	AIR
5UR		-0.05	0.16	-0.06	0.17	0.03	-0.02	0.03	5UR
BCO	-0.05		-0.65	0.97	-0.66	0.79	0.78	0.77	BCO
LOM	0.16	-0.65		-0.66	1.0	-0.78	-0.78	-0.78	LOM
BCO	-0.06	0.97	-0.66		-0.67	0.8	0.79	0.8	BCO
LOM	0.17	-0.66	1.0	-0.67		-0.79	-0.79	-0.78	LOM
AIR	0.03	0.79	-0.78	0.8	-0.79		0.98	0.97	AIR
AIRA	-0.02	0.78	-0.78	0.79	-0.79	0.98		0.95	AIRA
AIR	0.03	0.77	-0.78	0.8	-0.78	0.97	0.95		AIR
	5UR	BCO	LOM	BCO	LOM	AIR	AIRA	AIR

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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

LOM	+ 1.0	LOM
AIRA	+ 0.98	AIR
BCO	+ 0.97	BCO
AIR	+ 0.97	AIR
AIR	+ 0.95	AIRA
AIR	+ 0.8	BCO

High negative correlations

AIRA	- 0.79	LOM
AIR	- 0.79	LOM
AIR	- 0.78	LOM
AIR	- 0.78	LOM
AIRA	- 0.78	LOM
AIR	- 0.78	LOM

Risk-Adjusted Indicators

There is a big difference between SOGECLAIR Stock performing well and SOGECLAIR 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 SOGECLAIR'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
5UR	1.10	0.06	0.04	0.16	1.16	(1.22)	2.16	(2.03)	7.56
BCO	1.66	0.34	0.17	(2.04)	1.67	(1.82)	3.69	(2.76)	7.99
LOM	1.02	(0.14)	0.00	(1.31)	0.00	0.00	2.12	(2.75)	10.30
BCO	1.50	0.31	0.16	5.34	1.32	(1.65)	3.43	(2.54)	7.72
LOM	0.96	(0.17)	0.00	(0.54)	0.00	0.00	2.51	(2.79)	9.88
AIR	1.21	0.24	0.17	0.58	1.10	(1.47)	2.94	(1.94)	7.82
AIRA	1.28	0.23	0.14	1.72	1.11	(2.01)	3.13	(1.76)	13.28
AIR	1.06	0.22	0.16	7.03	1.04	(1.16)	2.34	(1.48)	7.69

Be your own money manager

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