Sixt Leasing Correlations

Stocks . Germany . 
Stock . Sixt Leasing SE
LNSX Stock   9.25  0.35  3.65%   
The current 90-days correlation between Sixt Leasing SE and Apple Inc is -0.02 (i.e., Good diversification). The correlation of Sixt Leasing 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.

Sixt Leasing Correlation With Market

Good diversification

The correlation between Sixt Leasing SE and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sixt Leasing SE and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Sixt Leasing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sixt Leasing 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 Sixt Leasing - 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 Sixt Leasing SE to buy it.

Moving together with Sixt Stock

  0.77HYU Hyundai MotorPairCorr
  0.75HYU Hyundai MotorPairCorr
  0.74HYU Hyundai MotorPairCorr

Moving against Sixt Stock

  0.92MFZA Mitsubishi UFJ FinancialPairCorr
  0.846GAA Grupo Aval AccionesPairCorr
  0.816GAA Grupo Aval AccionesPairCorr
  0.77APC Apple IncPairCorr
  0.76APC Apple IncPairCorr
  0.76APC Apple IncPairCorr
  0.76APC Apple IncPairCorr
  0.76APC Apple IncPairCorr
  0.76APC Apple IncPairCorr
  0.68MSF MicrosoftPairCorr
  0.67MSF MicrosoftPairCorr
  0.67MSF MicrosoftPairCorr
  0.66MSF MicrosoftPairCorr
  0.56KBIA KB Financial GroupPairCorr
  0.49E908 Lyxor 1PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Sixt Stock performing well and Sixt Leasing 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 Sixt Leasing'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  1.00  0.23  0.10  1.61  1.16 
(1.07)
 2.12 
(1.96)
 6.17 
APC  0.96  0.25  0.11  1.47  1.22 
(1.03)
 2.09 
(2.07)
 6.90 
APC  0.94  0.24  0.13  0.81  1.02 
(1.03)
 2.23 
(1.83)
 5.72 
APC  1.05  0.26  0.09 (4.01) 1.22 
(1.12)
 2.24 
(2.12)
 9.79 
APC  1.07  0.29  0.13 (6.43) 0.95 
(1.28)
 2.96 
(2.01)
 8.21 
APC  0.93  0.22  0.09  3.87  1.13 
(1.04)
 2.29 
(1.78)
 7.12 
MSF  0.96  0.16  0.05  0.76  1.17 
(1.22)
 2.55 
(1.44)
 8.71 
MSF  1.01  0.19  0.07  1.65  1.27 
(1.20)
 2.35 
(1.56)
 9.11 
MSF  1.00  0.16  0.04  1.53  1.41 
(1.21)
 2.42 
(1.55)
 11.42 
MSF  0.97  0.20  0.06  3.56  1.25 
(1.08)
 2.04 
(1.48)
 8.79 

Be your own money manager

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