Logista Correlations

5CI Stock

EUR 30.08 0.16 0.53%

The current 90-days correlation between Logista and Austevoll Seafood ASA is -0.02 (i.e., Good diversification). The correlation of Logista 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.

Logista Correlation With Market

Average diversification

The correlation between Logista and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Logista and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Logista Stock

0.63	UPAB	United Parcel Service	Pair Corr
0.82	FDX	FedEx	Pair Corr
0.76	RHM	Rheinmetall AG Earnings Call This Week	Pair Corr
0.72	BN9	The Bank	Pair Corr
0.67	MIE1	Mitsubishi Electric	Pair Corr
0.68	6GAA	Grupo Aval Acciones	Pair Corr
0.62	MSF	Microsoft	Pair Corr
0.8	SK3	Smurfit Kappa Group	Pair Corr
0.72	MOB	Monster Beverage Corp	Pair Corr
0.69	GIS	General Mills	Pair Corr
0.67	SAP	SAP SE	Pair Corr

Moving against Logista Stock

0.74	DPWA	Deutsche Post AG	Pair Corr
0.6	ZTOA	ZTO Express	Pair Corr
0.45	BOP	Bollor SE	Pair Corr
0.45	ME5A	Methode Electronics Earnings Call Next Week	Pair Corr

Related Correlations Analysis

	Z85	CUD	ME5A	NUC	6AH	OIA	LWF	UM3
Z85		0.59	0.41	0.0	0.43	0.0	0.5	-0.22	Z85
CUD	0.59		0.26	0.0	0.48	0.0	0.74	-0.48	CUD
ME5A	0.41	0.26		0.0	-0.07	0.0	0.19	0.43	ME5A
NUC	0.0	0.0	0.0		0.0	-1.0	0.0	0.0	NUC
6AH	0.43	0.48	-0.07	0.0		0.0	0.72	-0.39	6AH
OIA	0.0	0.0	0.0	-1.0	0.0		0.0	0.0	OIA
LWF	0.5	0.74	0.19	0.0	0.72	0.0		-0.42	LWF
UM3	-0.22	-0.48	0.43	0.0	-0.39	0.0	-0.42		UM3
	Z85	CUD	ME5A	NUC	6AH	OIA	LWF	UM3

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

LWF	+ 0.74	CUD
LWF	+ 0.72	6AH
CUD	+ 0.59	Z85
LWF	+ 0.5	Z85
6AH	+ 0.48	CUD
6AH	+ 0.43	Z85

High negative correlations

OIA	- 1.0	NUC
UM3	- 0.48	CUD
UM3	- 0.42	LWF
UM3	- 0.39	6AH
UM3	- 0.22	Z85
6AH	- 0.07	ME5A

Risk-Adjusted Indicators

There is a big difference between Logista Stock performing well and Logista 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 Logista'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
Z85	1.41	0.10	0.02	0.38	1.43	(1.62)	3.32	(2.58)	7.27
CUD	0.83	0.17	0.07	1.59	0.60	(1.00)	2.62	(1.16)	6.04
ME5A	2.65	0.04	0.01	0.16	2.97	(3.54)	6.55	(5.01)	17.80
NUC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
6AH	0.53	0.10	0.00	(0.26)	0.00	0.00	0.00	0.00	16.89
OIA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LWF	2.96	0.54	0.10	(3.07)	3.22	(3.90)	6.60	(5.13)	28.03
UM3	1.85	(0.31)	0.00	(0.67)	0.00	0.00	3.11	(3.74)	19.41

Be your own money manager

Our tools can tell you how much better you can do entering a position in Logista 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?

Run Portfolio Dashboard Now

Portfolio Dashboard

Portfolio dashboard that provides centralized access to all your investments

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC