4Mass SA Correlations

4MS Stock

4.80 0.05 1.03%

The current 90-days correlation between 4Mass SA and Komputronik SA is -0.06 (i.e., Good diversification). The correlation of 4Mass SA 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.

4Mass SA Correlation With Market

Very weak diversification

The correlation between 4Mass SA and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 4Mass SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to 4Mass SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 4Mass SA 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 4Mass SA - 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 4Mass SA to buy it.

Moving together with 4Mass Stock

0.69	CFS	Centrum Finansowe Banku	Pair Corr
0.85	NWG	Newag SA	Pair Corr
0.74	ALR	Alior Bank SA	Pair Corr
0.74	PEO	Bank Polska Kasa Earnings Call This Week	Pair Corr
0.8	URT	Urteste SA	Pair Corr
0.67	IZO	Izolacja Jarocin	Pair Corr
0.77	ALL	Ailleron SA	Pair Corr
0.68	UCG	UniCredit SpA	Pair Corr
0.74	BKD	Baked Games SA	Pair Corr
0.75	BNP	BNP Paribas Bank	Pair Corr
0.71	PKN	Polski Koncern Naftowy Earnings Call This Week	Pair Corr

Moving against 4Mass Stock

0.32

CFG

Creativeforge Games

Pair Corr

Related Correlations Analysis

	ULM	ALL	TRR	LWB	KOM	KGH	KER	UCG	ALR
ULM		0.68	0.58	-0.16	0.84	0.89	0.72	0.85	0.81	ULM
ALL	0.68		0.5	-0.01	0.52	0.74	0.45	0.8	0.81	ALL
TRR	0.58	0.5		0.29	0.52	0.73	0.57	0.72	0.67	TRR
LWB	-0.16	-0.01	0.29		-0.2	0.0	0.02	0.01	0.12	LWB
KOM	0.84	0.52	0.52	-0.2		0.74	0.75	0.68	0.61	KOM
KGH	0.89	0.74	0.73	0.0	0.74		0.75	0.9	0.85	KGH
KER	0.72	0.45	0.57	0.02	0.75	0.75		0.66	0.61	KER
UCG	0.85	0.8	0.72	0.01	0.68	0.9	0.66		0.95	UCG
ALR	0.81	0.81	0.67	0.12	0.61	0.85	0.61	0.95		ALR
	ULM	ALL	TRR	LWB	KOM	KGH	KER	UCG	ALR

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

ALR	+ 0.95	UCG
UCG	+ 0.9	KGH
KGH	+ 0.89	ULM
UCG	+ 0.85	ULM
ALR	+ 0.85	KGH
KOM	+ 0.84	ULM

High negative correlations

KOM	- 0.2	LWB
LWB	- 0.16	ULM
LWB	- 0.01	ALL
KGH	- 0.0	LWB

Risk-Adjusted Indicators

There is a big difference between 4Mass Stock performing well and 4Mass SA 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 4Mass SA'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
ULM	1.23	0.24	0.04	(0.69)	1.94	(2.15)	4.03	(3.08)	14.65
ALL	1.27	0.26	0.15	3.77	1.01	(1.60)	2.92	(2.23)	12.66
TRR	0.97	0.04	(0.01)	0.66	1.28	(2.19)	2.99	(2.94)	10.48
LWB	1.24	(0.08)	0.00	(0.10)	0.00	0.00	4.17	(2.61)	8.76
KOM	1.55	0.23	0.12	0.78	1.37	(2.09)	4.40	(2.65)	10.71
KGH	2.52	0.86	0.19	2.39	3.15	(2.71)	6.23	(5.99)	19.08
KER	1.69	0.15	0.04	0.67	1.98	(2.09)	4.06	(3.17)	15.69
UCG	1.19	0.30	0.11	(0.60)	1.23	(1.71)	3.51	(2.09)	9.31
ALR	1.20	0.26	0.18	1.78	0.86	(1.55)	3.25	(1.87)	8.91

Be your own money manager

Our tools can tell you how much better you can do entering a position in 4Mass SA 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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