SOGECLAIR Correlations
| 2U0 Stock | 26.50 1.00 3.92% |
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 |
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 together with SOGECLAIR Stock
| 0.73 | 5UR | Raytheon Technologies | PairCorr |
| 0.76 | BCO | Boeing | PairCorr |
| 0.77 | BCO | Boeing | PairCorr |
| 0.77 | AIR | Airbus SE | PairCorr |
| 0.77 | AIRA | Airbus SE | PairCorr |
| 0.8 | AIR | Airbus SE | PairCorr |
| 0.79 | 0KJ | ABERFORTH SMCOS TRLS | PairCorr |
| 0.79 | 3J8 | JPM INDIAN INVT | PairCorr |
| 0.7 | 74F | LIFE BANC SPLIT | PairCorr |
| 0.67 | 32P | PPHE HOTEL GROUP | PairCorr |
| 0.82 | WCE | CECO Environmental Corp | PairCorr |
| 0.64 | AEDA | Grupo Aeroportuario del | PairCorr |
| 0.7 | 4C30 | CMBC CAPHLD(NEW) | PairCorr |
| 0.63 | 4RE | Renta 4 Banco | PairCorr |
| 0.88 | PKY1 | Polski Koncern Naftowy | PairCorr |
| 0.68 | 2VZ | LEONARDO DRS INC | PairCorr |
| 0.77 | PPB | Flutter Entertainment PLC | PairCorr |
| 0.83 | DHG | Dalata Hotel Group | PairCorr |
| 0.72 | 929 | TOPPS TILES PLC | PairCorr |
| 0.73 | CBK | Commerzbank AG | PairCorr |
| 0.78 | SI3 | SEI INVESTMENTS | PairCorr |
| 0.76 | FRE | Fresenius SE | PairCorr |
| 0.64 | MOB | Monster Beverage Corp | PairCorr |
| 0.75 | 2NN | NN Group NV | PairCorr |
| 0.81 | 1YL | PROSUS NV ADR Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | NNJ | ||
| 0.0 | 0.56 | 0.62 | 0.68 | 0.8 | 0.56 | I2X2 | ||
| 0.0 | 0.56 | 0.25 | 0.09 | 0.07 | -0.18 | AP3 | ||
| 0.0 | 0.62 | 0.25 | 0.31 | 0.55 | 0.27 | 6MM | ||
| 0.0 | 0.68 | 0.09 | 0.31 | 0.8 | 0.9 | ME5A | ||
| 0.0 | 0.8 | 0.07 | 0.55 | 0.8 | 0.8 | ARW | ||
| 0.0 | 0.56 | -0.18 | 0.27 | 0.9 | 0.8 | D2V | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NNJ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| I2X2 | 1.69 | (0.04) | 0.00 | (0.05) | 0.00 | 3.65 | 8.77 | |||
| AP3 | 1.55 | (0.15) | 0.00 | (0.30) | 0.00 | 2.55 | 16.75 | |||
| 6MM | 2.66 | (0.01) | 0.00 | 0.03 | 0.00 | 7.89 | 20.00 | |||
| ME5A | 2.83 | 0.63 | 0.17 | (6.84) | 2.98 | 6.67 | 19.85 | |||
| ARW | 1.89 | 0.19 | 0.06 | 0.34 | 2.32 | 3.53 | 16.67 | |||
| D2V | 1.58 | 0.40 | 0.16 | 56.98 | 1.77 | 4.30 | 11.21 |
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.Did you try this?
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