FOSTOURGRP Correlations

6T8 Stock  EUR 0.90  0.01  1.12%   
The current 90-days correlation between FOSTOURGRP EO 0001 and TRIPCOM GROUP DL 00125 is 0.12 (i.e., Average diversification). The correlation of FOSTOURGRP 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.

FOSTOURGRP Correlation With Market

Significant diversification

The correlation between FOSTOURGRP EO 0001 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 FOSTOURGRP EO 0001 and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to FOSTOURGRP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FOSTOURGRP 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 FOSTOURGRP - 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 FOSTOURGRP EO 0001 to buy it.

Moving together with FOSTOURGRP Stock

  0.71CLVB TRIPCOM GROUP DLPairCorr
  0.779BP ON THE BEACHPairCorr
  0.65C6T China Construction BankPairCorr
  0.625AM Hastings TechnologyPairCorr
  0.748KS LUMI GRUPPEN ASPairCorr
  0.73DGS Envela CorpPairCorr
  0.753P7 Pandora A/SPairCorr
  0.61DBK Deutsche Bank AktienPairCorr

Moving against FOSTOURGRP Stock

  0.54BYRA PT Bank RakyatPairCorr
  0.37OB8 PT Barito PacificPairCorr
  0.34T6A TripAdvisorPairCorr
  0.34TCID Telkom Indonesia TbkPairCorr
  0.4WMR0 MOAB MINERALS LTDPairCorr
  0.4GMS1 ImagineARPairCorr

Related Correlations Analysis

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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   
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LI4WD5A
LI42T9A
9BPMY1
2T9ATUI1
9BPTUI1
  
High negative correlations   
6T8T6A
9BPT6A
MY1T6A
LI4T6A
T6AWD5A
T6ACLVB

Risk-Adjusted Indicators

There is a big difference between FOSTOURGRP Stock performing well and FOSTOURGRP 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 FOSTOURGRP'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.

Be your own money manager

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