LODESTAR MIN Correlations

Stocks . Germany . 
Stock . LODESTAR MIN
3EJ Stock  EUR 0.09  0.00  0.00%   
The current 90-days correlation between LODESTAR MIN and Apple Inc is -0.09 (i.e., Good diversification). The correlation of LODESTAR MIN 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.

LODESTAR MIN Correlation With Market

Good diversification

The correlation between LODESTAR MIN and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LODESTAR MIN and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to LODESTAR MIN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LODESTAR MIN 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 LODESTAR MIN - 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 LODESTAR MIN to buy it.

Moving together with LODESTAR Stock

  0.88APC Apple IncPairCorr
  0.88APC Apple IncPairCorr
  0.88APC Apple IncPairCorr
  0.88APC Apple IncPairCorr
  0.81MSF MicrosoftPairCorr
  0.8MSF MicrosoftPairCorr
  0.8MSF MicrosoftPairCorr
  0.84MSF MicrosoftPairCorr
  0.81MSF MicrosoftPairCorr
  0.86AMZ Amazon IncPairCorr
  0.61GIFN GigaMediaPairCorr
  0.93OD7B ETFS Coffee ETCPairCorr
  0.71SNQB SANOMA DusseldorfPairCorr
  0.73C7T CTT CorreiosPairCorr
  0.66Z56 QINGCI GAMES INCPairCorr
  0.9C8C Consolidated CommunicationsPairCorr
  0.85VRS VERISIGNPairCorr
  0.84CEK CEOTRONICS DusseldorfPairCorr
  0.7YC3 CONCORDIA FINL GROUPPairCorr
  0.7ZFI1 Zurich InsurancePairCorr
  0.8MEC Meiko ElectronicsPairCorr
  0.75HEI Heidelberg MaterialsPairCorr
  0.85AZ5 AUTOZONE DusseldorfPairCorr
  0.71FOO SalesforcePairCorr
  0.69FTK flatexDEGIRO AGPairCorr
  0.78KEL Kellogg CompanyPairCorr
  0.88BOV Apyx Medical CorpPairCorr

Moving against LODESTAR Stock

  0.86PQ9 BANK MANDIRIPairCorr
  0.78BYRA BANK RAKYAT INDPairCorr
  0.77BYRA BANK RAKYAT INDPairCorr
  0.77BYRA PT Bank RakyatPairCorr
  0.76PQ9 BANK MANDIRIPairCorr
  0.69PQ9 PT Bank MandiriPairCorr
  0.69PQ9 BANK MANDIRIPairCorr
  0.58BYRA PT Bank RakyatPairCorr
  0.6BZG2 BANK CENTRAL ASIA Earnings Call This WeekPairCorr
  0.52BZG2 BANK CENTRAL ASIA Earnings Call This WeekPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between LODESTAR Stock performing well and LODESTAR MIN 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 LODESTAR MIN'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  0.91  0.09  0.06  0.97  1.38 
(0.85)
 1.94 
(2.22)
 6.12 
APC  0.89  0.09  0.07  0.71  1.13 
(0.91)
 1.81 
(1.96)
 5.21 
APC  0.91  0.09  0.06  0.30  1.37 
(0.87)
 1.67 
(2.15)
 5.61 
APC  0.90  0.09  0.08 (1.01) 1.02 
(1.00)
 2.33 
(1.94)
 5.51 
MSF  0.95  0.13  0.08  1.01  1.42 
(0.98)
 2.59 
(1.92)
 9.09 
MSF  1.05  0.13  0.08  1.23  1.46 
(1.26)
 2.43 
(1.93)
 11.42 
MSF  1.06  0.14  0.09  2.71  1.42 
(1.18)
 3.08 
(2.16)
 9.11 
MSF  0.93  0.14  0.09 (64.30) 1.37 
(1.02)
 2.04 
(1.84)
 8.79 
MSF  0.95  0.13  0.09  4.10  1.29 
(1.08)
 2.55 
(1.61)
 8.71 
AMZ  1.19  0.35  0.22  31.37  1.16 
(1.30)
 2.87 
(2.01)
 9.60 

Be your own money manager

Our tools can tell you how much better you can do entering a position in LODESTAR MIN 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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