Logista Correlations

5CI Stock

EUR 33.50 0.16 0.48%

The current 90-days correlation between Logista and ROHM Co is 0.11 (i.e., Average 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

Poor diversification

The correlation between Logista and DJI is 0.67 (i.e., Poor 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

0.83	IUA	ASTRA GRAPHIA	Pair Corr
0.72	LVN	CP ALL Public	Pair Corr
0.81	43C	CACTUS INC CLA Earnings Call Tomorrow	Pair Corr
0.92	PPQ	PPG INDUSTRIES	Pair Corr
0.79	ADH2	Air Canada	Pair Corr
0.88	TGE1	MOBILEZONE N	Pair Corr
0.61	LA3A	Laureate Education	Pair Corr
0.7	PU7	PulteGroup	Pair Corr
0.81	HIUC	China Taiping Insurance	Pair Corr
0.84	ZNHH	China Southern Airlines	Pair Corr
0.76	G40	GDS Holdings Limited	Pair Corr
0.91	FV6	EMMI N Earnings Call This Week	Pair Corr
0.8	BSI	BE Semiconductor Ind	Pair Corr
0.72	SKNB	Skanska AB	Pair Corr
0.9	ELG	Elmos Semiconductor Earnings Call Today	Pair Corr
0.91	HKT	HK Electric Investments	Pair Corr
0.7	CVC1	Carnival plc	Pair Corr
0.88	CPA	Colgate Palmolive	Pair Corr
0.61	LOR	LOral SA	Pair Corr
0.76	485B	Amcor PLC Split	Pair Corr

Moving against Logista Stock

0.86	BNB	BAYAN RESOURCES Earnings Call This Week	Pair Corr
0.69	BNB	BAYAN RESOURCES Earnings Call This Week	Pair Corr
0.47	3IB	INDO TAMBANGRAYA	Pair Corr
0.63	DBPD	Xtrackers ShortDAX	Pair Corr
0.4	777	EUROSPORTS GLOBAL LTD	Pair Corr
0.32	7YC	Synthomer plc	Pair Corr

Related Correlations Analysis

	BRH	KKS	0ZQ	ROM	N9B	IDO1	NVE	0JM	TCID	HYB
BRH		-0.13	-0.68	-0.75	0.81	-0.14	-0.11	-0.17	0.11	-0.37	BRH
KKS	-0.13		-0.2	-0.07	-0.11	0.43	-0.14	-0.21	0.29	-0.34	KKS
0ZQ	-0.68	-0.2		0.94	-0.76	-0.27	0.43	0.53	-0.3	0.84	0ZQ
ROM	-0.75	-0.07	0.94		-0.81	-0.21	0.37	0.51	-0.19	0.76	ROM
N9B	0.81	-0.11	-0.76	-0.81		-0.01	-0.25	-0.26	0.25	-0.61	N9B
IDO1	-0.14	0.43	-0.27	-0.21	-0.01		-0.33	-0.38	0.17	-0.45	IDO1
NVE	-0.11	-0.14	0.43	0.37	-0.25	-0.33		0.32	-0.24	0.47	NVE
0JM	-0.17	-0.21	0.53	0.51	-0.26	-0.38	0.32		-0.12	0.49	0JM
TCID	0.11	0.29	-0.3	-0.19	0.25	0.17	-0.24	-0.12		-0.47	TCID
HYB	-0.37	-0.34	0.84	0.76	-0.61	-0.45	0.47	0.49	-0.47		HYB
	BRH	KKS	0ZQ	ROM	N9B	IDO1	NVE	0JM	TCID	HYB

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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

ROM	+ 0.94	0ZQ
HYB	+ 0.84	0ZQ
N9B	+ 0.81	BRH
HYB	+ 0.76	ROM
0JM	+ 0.53	0ZQ
0JM	+ 0.51	ROM

High negative correlations

N9B	- 0.81	ROM
N9B	- 0.76	0ZQ
ROM	- 0.75	BRH
0ZQ	- 0.68	BRH
HYB	- 0.61	N9B
HYB	- 0.47	TCID

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
BRH	0.77	(0.06)	0.00	0.65	0.00	0.00	1.72	(1.43)	7.12
KKS	1.38	(0.04)	0.00	(0.03)	0.00	0.00	3.96	(2.45)	9.46
0ZQ	3.70	0.67	0.15	0.72	3.94	(4.10)	7.60	(6.94)	24.32
ROM	1.68	0.28	0.12	0.50	1.86	(1.85)	3.71	(3.49)	10.77
N9B	1.47	(0.21)	0.00	(0.35)	0.00	0.00	3.54	(3.22)	14.66
IDO1	4.23	0.42	0.03	(0.67)	6.67	(5.38)	10.00	(14.09)	53.77
NVE	1.39	0.04	(0.01)	0.99	1.65	(1.82)	3.25	(2.38)	11.40
0JM	2.80	0.40	0.02	(0.20)	4.44	(13.51)	6.67	(6.25)	45.00
TCID	4.01	0.13	0.01	0.65	5.37	(10.33)	12.50	(15.00)	35.42
HYB	1.34	0.22	0.08	(0.73)	1.55	(1.43)	3.51	(2.36)	8.40

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.

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