Txcom SA Correlations
| ALTXC Stock | 8.60 0.20 2.38% |
The current 90-days correlation between Txcom SA and Cofidur SA is -0.22 (i.e., Very good diversification). The correlation of Txcom SA 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Txcom SA Correlation With Market
Poor diversification
The correlation between Txcom SA and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Txcom SA and DJI in the same portfolio, assuming nothing else is changed.
Txcom |
The ability to find closely correlated positions to Txcom SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Txcom SA 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 Txcom SA - 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 Txcom SA to buy it.
Moving together with Txcom Stock
| 0.87 | TTE | TotalEnergies SE | PairCorr |
| 0.84 | BNP | BNP Paribas SA | PairCorr |
| 0.68 | GLE | Societe Generale | PairCorr |
| 0.74 | OR | LOreal SA | PairCorr |
| 0.72 | SU | Schneider Electric | PairCorr |
| 0.75 | ALCIS | Catering International | PairCorr |
| 0.72 | AL2SI | 2CRSI SA | PairCorr |
| 0.62 | VETO | Vetoquinol | PairCorr |
| 0.74 | OVH | OVH Groupe SAS | PairCorr |
| 0.78 | ALAVI | AdVini SA | PairCorr |
| 0.72 | URW | Unibail Rodamco Westfield | PairCorr |
| 0.86 | ALO | Alstom SA | PairCorr |
| 0.83 | CCN | Caisse Regionale | PairCorr |
| 0.76 | SESG | SES S A Earnings Call Tomorrow | PairCorr |
| 0.69 | ALDBT | DBT SA | PairCorr |
| 0.71 | ALPOU | Poulaillon SA | PairCorr |
| 0.91 | BAIN | Bains Mer Monaco | PairCorr |
| 0.84 | BB | Socit BIC SA | PairCorr |
| 0.62 | ALDMS | Diagnostic Medical | PairCorr |
| 0.91 | EFG | Eagle Football Group | PairCorr |
| 0.85 | ALTA | Altarea SCA | PairCorr |
| 0.69 | CA | Carrefour SA | PairCorr |
| 0.81 | IVA | Inventiva SA | PairCorr |
| 0.83 | ALKLA | Klarsen SA | PairCorr |
Moving against Txcom Stock
| 0.86 | STLAP | Stellantis NV | PairCorr |
| 0.69 | SAN | Sanofi SA | PairCorr |
| 0.32 | CS | AXA SA | PairCorr |
| 0.84 | ALVER | Vergnet Split | PairCorr |
| 0.77 | LTA | Altamir SCA | PairCorr |
Related Correlations Analysis
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 Txcom Stock performing well and Txcom SA 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 Txcom SA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ALCOF | 1.12 | 0.11 | 0.00 | (0.35) | 1.25 | 2.24 | 10.93 | |||
| ALNN6 | 2.92 | 0.04 | (0.01) | (1.18) | 3.73 | 5.60 | 30.52 | |||
| ALINN | 1.43 | (0.16) | 0.00 | (1.20) | 0.00 | 4.47 | 15.25 | |||
| ALDNE | 2.62 | (0.23) | 0.00 | 0.74 | 0.00 | 5.00 | 11.67 | |||
| ALJXR | 1.64 | 0.30 | 0.04 | (0.60) | 1.77 | 5.26 | 15.53 | |||
| ALHF | 0.64 | (0.02) | 0.00 | (0.14) | 0.00 | 1.44 | 5.96 | |||
| ALLGO | 1.65 | (0.48) | 0.00 | 1.35 | 0.00 | 3.49 | 12.98 | |||
| ALGID | 7.02 | 1.56 | 0.26 | 0.70 | 5.08 | 25.88 | 68.80 | |||
| ALKAL | 7.71 | 3.31 | 0.39 | 4.56 | 6.42 | 23.59 | 63.29 | |||
| ALKLK | 2.60 | (0.01) | 0.00 | 0.07 | 3.26 | 6.25 | 23.53 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Txcom SA 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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