GOODYEAR T Correlations

GTR Stock

EUR 7.45 0.06 0.80%

The current 90-days correlation between GOODYEAR T RUBBER and Heidelberg Materials AG is 0.29 (i.e., Modest diversification). The correlation of GOODYEAR T 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.

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

Moving together with GOODYEAR Stock

0.64	APC	Apple Inc	Pair Corr
0.62	APC	Apple Inc	Pair Corr
0.62	APC	Apple Inc	Pair Corr
0.62	APC	Apple Inc	Pair Corr
0.81	PQ9	BANK MANDIRI	Pair Corr

Moving against GOODYEAR Stock

0.88	MSF	Microsoft	Pair Corr
0.86	MSF	Microsoft	Pair Corr
0.86	MSF	Microsoft	Pair Corr
0.86	MSF	Microsoft	Pair Corr
0.85	MSF	Microsoft	Pair Corr
0.54	E908	Lyxor 1	Pair Corr

Related Correlations Analysis

	MSF	94P	2DG	CZX	9K1	8SP	5AM	MEL	HEI	P3K
MSF		-0.27	-0.04	-0.85	0.04	0.77	0.25	-0.08	-0.8	0.64	MSF
94P	-0.27		0.0	0.47	0.14	-0.27	0.14	0.08	0.6	-0.23	94P
2DG	-0.04	0.0		0.12	0.21	0.05	0.55	0.22	0.1	-0.14	2DG
CZX	-0.85	0.47	0.12		-0.09	-0.75	-0.14	0.32	0.89	-0.8	CZX
9K1	0.04	0.14	0.21	-0.09		0.1	0.11	0.01	-0.06	0.11	9K1
8SP	0.77	-0.27	0.05	-0.75	0.1		0.12	-0.03	-0.75	0.54	8SP
5AM	0.25	0.14	0.55	-0.14	0.11	0.12		-0.32	-0.04	0.29	5AM
MEL	-0.08	0.08	0.22	0.32	0.01	-0.03	-0.32		0.1	-0.66	MEL
HEI	-0.8	0.6	0.1	0.89	-0.06	-0.75	-0.04	0.1		-0.6	HEI
P3K	0.64	-0.23	-0.14	-0.8	0.11	0.54	0.29	-0.66	-0.6		P3K
	MSF	94P	2DG	CZX	9K1	8SP	5AM	MEL	HEI	P3K

Please upgrade your account to get full access to Macroaxis premium features

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

HEI	+ 0.89	CZX
8SP	+ 0.77	MSF
P3K	+ 0.64	MSF
HEI	+ 0.6	94P
5AM	+ 0.55	2DG
P3K	+ 0.54	8SP

High negative correlations

CZX	- 0.85	MSF
P3K	- 0.8	CZX
HEI	- 0.8	MSF
HEI	- 0.75	8SP
8SP	- 0.75	CZX
P3K	- 0.66	MEL

Risk-Adjusted Indicators

There is a big difference between GOODYEAR Stock performing well and GOODYEAR T 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 GOODYEAR T'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
MSF	1.02	(0.07)	0.00	1.29	0.00	0.00	2.26	(2.91)	6.23
94P	2.12	0.10	0.02	1.02	2.61	(2.18)	4.65	(4.17)	14.39
2DG	2.96	0.40	0.08	(21.62)	2.80	(5.55)	9.38	(5.71)	23.03
CZX	0.88	0.29	0.18	(1.24)	0.86	(1.07)	1.92	(1.74)	5.17
9K1	1.14	0.01	0.00	0.03	0.00	0.00	2.50	(2.33)	12.62
8SP	1.35	(0.12)	0.00	(0.09)	0.00	0.00	2.82	(1.65)	24.86
5AM	7.16	1.57	0.16	(0.27)	6.15	(12.07)	21.43	(12.82)	56.39
MEL	1.08	0.09	0.02	(0.68)	1.17	(1.32)	2.85	(2.12)	5.86
HEI	1.37	0.24	0.12	(1.32)	1.32	(1.64)	3.59	(2.26)	9.96
P3K	4.76	(1.13)	0.00	(1.19)	0.00	0.00	7.69	(9.37)	68.83

Be your own money manager

Our tools can tell you how much better you can do entering a position in GOODYEAR T 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?

Run Aroon Oscillator Now

Aroon Oscillator

Analyze current equity momentum using Aroon Oscillator and other momentum ratios

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC