TIMBERCREEK FINL Correlations

58O Stock

EUR 4.66 0.02 0.43%

The current 90-days correlation between TIMBERCREEK FINL and Coor Service Management is -0.16 (i.e., Good diversification). The correlation of TIMBERCREEK FINL 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.

TIMBERCREEK FINL Correlation With Market

Good diversification

The correlation between TIMBERCREEK FINL 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 TIMBERCREEK FINL and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against TIMBERCREEK Stock

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0.52	TM2	Sydbank AS	Pair Corr
0.5	SAP	SAP SE	Pair Corr
0.47	M6Q	Metso Outotec Oyj	Pair Corr
0.46	CUW	COLUMBIA SPORTSWEAR Earnings Call This Week	Pair Corr
0.46	NWL	NEWELL RUBBERMAID Earnings Call This Week	Pair Corr
0.42	WM1	WILLIAMS SONOMA	Pair Corr
0.4	93S	SPAREBK 1 NORD	Pair Corr
0.39	06MA	Materialise NV	Pair Corr
0.39	INW	GBS Software AG	Pair Corr
0.37	BZU	Air New Zealand	Pair Corr
0.32	GIB	GSW Immobilien AG	Pair Corr
0.66	CBW	CNVISION MEDIA	Pair Corr
0.6	HBC2	HSBC Holdings plc	Pair Corr
0.56	STD	Standard Chartered PLC	Pair Corr
0.54	ELG	Elmos Semiconductor	Pair Corr
0.53	DBPE	Xtrackers LevDAX	Pair Corr
0.52	SXC	Sunny Optical Technology	Pair Corr
0.5	E6Q	Gold Road Resources	Pair Corr
0.49	8A2	Altair Engineering	Pair Corr
0.47	5E1	EVS Broadcast Equipment	Pair Corr
0.43	MEL	Meli Hotels International	Pair Corr
0.42	UAL1	United Airlines Holdings	Pair Corr
0.41	E908	Lyxor 1	Pair Corr

Related Correlations Analysis

	CUEH	SIT4	GRU	QBI	5ZM	TM5	COE	CE1
CUEH		0.06	-0.16	-0.19	-0.57	-0.48	0.29	-0.57	CUEH
SIT4	0.06		0.18	-0.51	0.3	0.05	-0.45	0.49	SIT4
GRU	-0.16	0.18		-0.11	0.3	-0.21	-0.16	0.25	GRU
QBI	-0.19	-0.51	-0.11		-0.13	0.49	0.32	-0.44	QBI
5ZM	-0.57	0.3	0.3	-0.13		0.47	-0.56	0.76	5ZM
TM5	-0.48	0.05	-0.21	0.49	0.47		-0.29	0.31	TM5
COE	0.29	-0.45	-0.16	0.32	-0.56	-0.29		-0.77	COE
CE1	-0.57	0.49	0.25	-0.44	0.76	0.31	-0.77		CE1
	CUEH	SIT4	GRU	QBI	5ZM	TM5	COE	CE1

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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

CE1	+ 0.76	5ZM
CE1	+ 0.49	SIT4
TM5	+ 0.49	QBI
TM5	+ 0.47	5ZM
COE	+ 0.32	QBI
CE1	+ 0.31	TM5

High negative correlations

CE1	- 0.77	COE
CE1	- 0.57	CUEH
5ZM	- 0.57	CUEH
COE	- 0.56	5ZM
QBI	- 0.51	SIT4
TM5	- 0.48	CUEH

Risk-Adjusted Indicators

There is a big difference between TIMBERCREEK Stock performing well and TIMBERCREEK FINL 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 TIMBERCREEK FINL'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
CUEH	2.74	0.01	(0.02)	0.13	3.31	(3.51)	6.29	(7.05)	25.73
SIT4	1.20	0.11	0.01	2.44	1.46	(1.36)	2.37	(2.26)	9.58
GRU	1.86	0.07	0.02	0.19	2.17	(2.20)	4.40	(3.07)	15.01
QBI	0.30	(0.18)	0.00	(1.25)	0.00	0.00	0.00	(2.00)	4.26
5ZM	1.68	0.31	0.14	0.67	1.60	(2.03)	5.13	(2.82)	12.64
TM5	1.23	0.06	(0.01)	0.50	1.95	(1.22)	2.18	(2.89)	9.81
COE	1.83	(0.43)	0.00	0.70	0.00	0.00	3.21	(4.87)	18.12
CE1	1.70	0.55	0.22	82.90	1.39	(2.38)	3.17	(2.53)	16.69

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Our tools can tell you how much better you can do entering a position in TIMBERCREEK FINL 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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