Concurrent Technologies Correlations

CNC Stock

225.00 0.50 0.22%

The current 90-days correlation between Concurrent Technologies and bet at home AG is -0.2 (i.e., Good diversification). The correlation of Concurrent Technologies 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.

Concurrent Technologies Correlation With Market

Average diversification

The correlation between Concurrent Technologies Plc and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Concurrent Technologies Plc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Concurrent Stock

0.91	SMSD	Samsung Electronics Earnings Call This Week	Pair Corr
0.91	BC94	Samsung Electronics Earnings Call This Week	Pair Corr
0.92	SMSN	Samsung Electronics Earnings Call This Week	Pair Corr
0.67	TYT	Toyota Motor Corp	Pair Corr
0.84	HSBK	Halyk Bank	Pair Corr
0.83	RR	Rolls Royce Holdings	Pair Corr
0.93	0R2X	Corning Earnings Call This Week	Pair Corr
0.86	0R15	SoftBank Group Corp	Pair Corr
0.84	JUP	Jupiter Fund Management	Pair Corr
0.81	GGP	Greatland Resources	Pair Corr
0.7	JFJ	JPMorgan Japanese	Pair Corr
0.81	BRLA	BlackRock Latin American	Pair Corr
0.81	NBB	Norman Broadbent Plc	Pair Corr
0.85	GLDA	Amundi Physical Gold	Pair Corr
0.64	SCP	Schroder UK Mid	Pair Corr
0.8	0NWV	Schneider Electric Earnings Call This Week	Pair Corr
0.69	SPI	Spire Healthcare	Pair Corr
0.86	0UYN	GoldMining	Pair Corr
0.72	0Y5F	Endo International PLC	Pair Corr
0.66	BVA	Banco Bilbao Vizcaya Earnings Call This Week	Pair Corr
0.9	0R0U	Coeur Mining Earnings Call This Week	Pair Corr
0.63	BYG	Big Yellow Group	Pair Corr
0.86	SLP	Sylvania Platinum	Pair Corr
0.9	NWF	NWF Group	Pair Corr

Related Correlations Analysis

	0LCV	JD	0FF9	OMIP	0MJT	EMAN	0RIP
0LCV		0.55	0.36	-0.88	0.54	-0.75	-0.73	0LCV
JD	0.55		0.58	-0.46	0.51	-0.46	-0.66	JD
0FF9	0.36	0.58		-0.38	0.4	-0.35	-0.49	0FF9
OMIP	-0.88	-0.46	-0.38		-0.35	0.66	0.67	OMIP
0MJT	0.54	0.51	0.4	-0.35		-0.38	-0.31	0MJT
EMAN	-0.75	-0.46	-0.35	0.66	-0.38		0.67	EMAN
0RIP	-0.73	-0.66	-0.49	0.67	-0.31	0.67		0RIP
	0LCV	JD	0FF9	OMIP	0MJT	EMAN	0RIP

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

0RIP	+ 0.67	OMIP
0RIP	+ 0.67	EMAN
EMAN	+ 0.66	OMIP
0FF9	+ 0.58	JD
JD	+ 0.55	0LCV
0MJT	+ 0.54	0LCV

High negative correlations

OMIP	- 0.88	0LCV
EMAN	- 0.75	0LCV
0RIP	- 0.73	0LCV
0RIP	- 0.66	JD
0RIP	- 0.49	0FF9
EMAN	- 0.46	JD

Risk-Adjusted Indicators

There is a big difference between Concurrent Stock performing well and Concurrent Technologies 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 Concurrent Technologies' 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
0LCV	1.72	0.26	0.10	0.59	1.72	(2.19)	4.76	(2.99)	10.77
JD	1.56	0.06	0.03	0.14	1.79	(1.61)	3.55	(3.20)	11.02
0FF9	1.80	0.26	0.09	0.85	2.13	(1.99)	4.25	(3.23)	20.33
OMIP	0.53	(0.17)	0.00	0.76	0.00	0.00	0.00	(2.35)	10.15
0MJT	0.85	0.03	(0.03)	0.21	0.84	(1.06)	1.96	(1.63)	7.52
EMAN	0.51	(0.10)	0.00	3.36	0.00	0.00	1.22	(1.20)	7.36
0RIP	1.10	(0.17)	0.00	2.91	0.00	0.00	1.84	(2.51)	11.94

Be your own money manager

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