SANOK RUBBER Correlations
| 1NX Stock | EUR 5.30 0.08 1.53% |
The current 90-days correlation between SANOK RUBBER ZY and North American Construction is -0.01 (i.e., Good diversification). The correlation of SANOK RUBBER 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.
SANOK RUBBER Correlation With Market
Poor diversification
The correlation between SANOK RUBBER ZY and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SANOK RUBBER ZY and DJI in the same portfolio, assuming nothing else is changed.
SANOK |
The ability to find closely correlated positions to SANOK RUBBER could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SANOK RUBBER 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 SANOK RUBBER - 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 SANOK RUBBER ZY to buy it.
Moving together with SANOK Stock
| 0.63 | PQ9 | BANK MANDIRI | PairCorr |
| 0.77 | BYRA | PT Bank Rakyat | PairCorr |
| 0.87 | 2X0 | Corteva | PairCorr |
| 0.91 | GCB | PTT Global Chemical Earnings Call This Week | PairCorr |
| 0.78 | XSI | Sanyo Chemical Industries | PairCorr |
| 0.9 | GZF | Engie SA | PairCorr |
| 0.92 | 6HS | Horseshoe Metals | PairCorr |
| 0.7 | ARW | Arrow Electronics | PairCorr |
| 0.79 | 943 | FREY EO 250 | PairCorr |
| 0.63 | EUX | EUWAX Aktiengesellschaft | PairCorr |
| 0.85 | GJ9 | SLC Agricola SA Split | PairCorr |
| 0.69 | QIA | QIAGEN NV Split | PairCorr |
| 0.77 | ENI | Eni SpA | PairCorr |
| 0.9 | WDC | WESTERN DIGITAL | PairCorr |
| 0.85 | CU3 | Cohu Inc Earnings Call Today | PairCorr |
| 0.72 | 8SF | SLIGRO FOOD GROUP | PairCorr |
| 0.85 | 4OQ1 | AGNC Investment Corp | PairCorr |
| 0.91 | IHF | Safestore Holdings plc | PairCorr |
| 0.8 | UEO | Westlake Chemical | PairCorr |
| 0.81 | MM2 | Mercator Medical | PairCorr |
| 0.68 | LUS1 | Lang Schwarz Aktieng | PairCorr |
Moving against SANOK Stock
| 0.7 | BZG2 | BANK CENTRAL ASIA | PairCorr |
| 0.59 | BYRA | BANK RAKYAT IND | PairCorr |
| 0.73 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.38 | BDD | CONICO LTD Split | PairCorr |
Related Correlations Analysis
| 0.56 | -0.15 | 0.68 | 0.1 | 0.65 | HCM | ||
| 0.56 | -0.11 | 0.41 | 0.2 | 0.74 | DFA1 | ||
| -0.15 | -0.11 | -0.04 | -0.11 | -0.11 | T6W | ||
| 0.68 | 0.41 | -0.04 | 0.25 | 0.47 | N5Z | ||
| 0.1 | 0.2 | -0.11 | 0.25 | 0.21 | NUF | ||
| 0.65 | 0.74 | -0.11 | 0.47 | 0.21 | 6WW | ||
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 SANOK Stock performing well and SANOK RUBBER 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 SANOK RUBBER'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HCM | 1.96 | 0.39 | 0.10 | 3.02 | 2.57 | 4.00 | 11.56 | |||
| DFA1 | 1.64 | 0.25 | 0.10 | 0.77 | 1.69 | 4.26 | 11.48 | |||
| T6W | 10.12 | (3.13) | 0.00 | 0.26 | 0.00 | 6.90 | 335.71 | |||
| N5Z | 1.88 | 0.01 | (0.02) | 0.13 | 2.50 | 3.48 | 11.45 | |||
| NUF | 1.88 | 0.13 | 0.01 | (3.04) | 2.33 | 4.17 | 20.04 | |||
| 6WW | 2.30 | 0.21 | 0.04 | (4.13) | 2.76 | 5.91 | 22.98 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in SANOK RUBBER 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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