LIFE + Correlations

Stocks . Germany . 
Stock . LIFE BANC SPLIT
74F Stock  EUR 5.65  0.20  3.42%   
The current 90-days correlation between LIFE BANC SPLIT and Apple Inc is -0.01 (i.e., Good diversification). The correlation of LIFE + 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.

LIFE + Correlation With Market

Modest diversification

The correlation between LIFE BANC SPLIT and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LIFE BANC SPLIT and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to LIFE + could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LIFE + 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 LIFE + - 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 LIFE BANC SPLIT to buy it.

Moving together with LIFE Stock

  0.7APC Apple IncPairCorr
  0.7APC Apple IncPairCorr
  0.7APC Apple IncPairCorr
  0.7APC Apple IncPairCorr
  0.72APC Apple IncPairCorr
  0.71APC Apple IncPairCorr
  0.69MSF MicrosoftPairCorr
  0.68MSF MicrosoftPairCorr
  0.68MSF MicrosoftPairCorr
  0.67MSF MicrosoftPairCorr
  0.85RS6 RELIANCE STEEL ALPairCorr
  0.74WX7 Corporate Office ProPairCorr
  0.830XHR Xenia Hotels ResortsPairCorr
  0.822CDA Controladora Vuela CompaaPairCorr
  0.92EN3 EnbridgePairCorr
  0.93WD5A TRAVEL LEISURE DLPairCorr
  0.792T9A TRAINLINE PLC LSPairCorr
  0.68KOMA KOMATSU LTD SPONSPairCorr
  0.7MSF MicrosoftPairCorr
  0.91FFH Fifth Third BancorpPairCorr
  0.93LIE Sun Life FinancialPairCorr
  0.75AZ5 AutoZonePairCorr

Moving against LIFE Stock

  0.72SSU Samsung ElectronicsPairCorr
  0.71SSU Samsung ElectronicsPairCorr
  0.62SSUN Samsung ElectronicsPairCorr
  0.61SSUN Samsung ElectronicsPairCorr
  0.57TCID Telkom Indonesia TbkPairCorr
  0.55TCID Telkom Indonesia TbkPairCorr
  0.55PTI Perusahaan PerseroanPairCorr
  0.54TCID Telkom Indonesia TbkPairCorr
  0.81TCID Telkom Indonesia TbkPairCorr
  0.41AXI Atos SEPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between LIFE Stock performing well and LIFE + 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 LIFE +'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  0.90  0.23  0.18  1.20  0.93 
(1.00)
 1.81 
(1.75)
 4.97 
APC  0.84  0.26  0.19  0.93  0.98 
(0.92)
 1.88 
(1.73)
 5.24 
APC  0.85  0.23  0.19  0.68  0.86 
(0.94)
 2.06 
(1.76)
 4.50 
APC  0.92  0.24  0.16  20.15  1.07 
(0.97)
 2.22 
(1.83)
 6.45 
APC  0.91  0.23  0.20  5.09  0.79 
(1.06)
 2.33 
(1.69)
 5.24 
APC  0.85  0.25  0.20  1.43  0.99 
(0.96)
 1.88 
(1.61)
 6.46 
MSF  0.96  0.11  0.07  0.58  1.24 
(1.17)
 2.55 
(1.46)
 8.71 
MSF  1.04  0.09  0.05  1.34  1.36 
(1.18)
 2.35 
(1.75)
 9.11 
MSF  1.00  0.11  0.06  1.06  1.48 
(1.16)
 2.42 
(1.66)
 11.42 
MSF  0.93  0.09  0.04 (9.07) 1.35 
(1.02)
 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 LIFE + 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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