Jacquet Metal Correlations

0IN3 Stock

15.87 0.32 2.06%

The current 90-days correlation between Jacquet Metal Service and Samsung Electronics Co is 0.33 (i.e., Weak diversification). The correlation of Jacquet Metal 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.

Jacquet Metal Correlation With Market

Modest diversification

The correlation between Jacquet Metal Service and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jacquet Metal Service and DJI in the same portfolio, assuming nothing else is changed.

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

Related Correlations Analysis

	SMSD	SMSN	HYUD	TYT	RIGD	0R15	HHPD	SBID
SMSD		0.83	0.75	-0.06	0.82	-0.27	-0.74	-0.09	SMSD
SMSN	0.83		0.78	-0.1	0.88	-0.25	-0.72	-0.16	SMSN
HYUD	0.75	0.78		-0.39	0.82	-0.46	-0.59	-0.36	HYUD
TYT	-0.06	-0.1	-0.39		-0.25	0.08	0.2	0.32	TYT
RIGD	0.82	0.88	0.82	-0.25		-0.32	-0.77	-0.26	RIGD
0R15	-0.27	-0.25	-0.46	0.08	-0.32		0.31	0.49	0R15
HHPD	-0.74	-0.72	-0.59	0.2	-0.77	0.31		0.41	HHPD
SBID	-0.09	-0.16	-0.36	0.32	-0.26	0.49	0.41		SBID
	SMSD	SMSN	HYUD	TYT	RIGD	0R15	HHPD	SBID

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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

RIGD	+ 0.88	SMSN
SMSN	+ 0.83	SMSD
RIGD	+ 0.82	SMSD
RIGD	+ 0.82	HYUD
HYUD	+ 0.78	SMSN
HYUD	+ 0.75	SMSD

High negative correlations

HHPD	- 0.77	RIGD
HHPD	- 0.74	SMSD
HHPD	- 0.72	SMSN
HHPD	- 0.59	HYUD
0R15	- 0.46	HYUD
TYT	- 0.39	HYUD

Risk-Adjusted Indicators

There is a big difference between Jacquet Stock performing well and Jacquet Metal 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 Jacquet Metal'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
SMSD	1.53	(0.44)	0.00	(2.42)	0.00	0.00	2.80	(3.78)	10.21
SMSN	1.68	(0.50)	0.00	(3.90)	0.00	0.00	3.19	(4.02)	13.39
HYUD	1.88	(0.12)	0.00	0.48	0.00	0.00	4.76	(3.64)	12.58
TYT	1.42	0.06	(0.03)	(0.13)	2.14	(1.92)	3.04	(3.19)	12.68
RIGD	1.11	(0.26)	0.00	2.67	0.00	0.00	2.47	(2.70)	7.89
0R15	2.28	0.15	0.01	2.35	2.64	(2.61)	5.13	(4.30)	13.37
HHPD	1.54	0.10	0.02	0.37	1.79	(1.70)	3.14	(3.02)	8.38
SBID	1.14	0.01	(0.05)	0.16	1.36	(1.29)	2.44	(2.41)	8.15

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Our tools can tell you how much better you can do entering a position in Jacquet Metal 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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Jacquet Metal Corporate Management

Elected by the shareholders, the Jacquet Metal's board of directors comprises two types of representatives: Jacquet Metal inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Jacquet. The board's role is to monitor Jacquet Metal's management team and ensure that shareholders' interests are well served. Jacquet Metal's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Jacquet Metal's outside directors are responsible for providing unbiased perspectives on the board's policies.

Cdric Chaillol	Head Identity	Profile
AnneFrederique Dujardin	General Counsel	Profile
Alexandre Iacovella	Chief Officer	Profile
HansJosef Hoss	Chief Group	Profile
Jens Munchow	Chief STAPPERT	Profile

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