H FARM Correlations

5JQ Stock  EUR 0.12  0.00  0.00%   
The current 90-days correlation between H FARM SPA and Origin Agritech is 0.03 (i.e., Significant diversification). The correlation of H FARM 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.
  
The ability to find closely correlated positions to H FARM could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace H FARM 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 H FARM - 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 H FARM SPA to buy it.

Moving together with 5JQ Stock

  0.716EQ EQT ABPairCorr

Moving against 5JQ Stock

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  0.72BBN1 Blackstone GroupPairCorr
  0.71TR1 T Rowe PricePairCorr
  0.69YMI Yellow Pages LimitedPairCorr
  0.67A4S Ameriprise FinancialPairCorr
  0.66ZYA State StreetPairCorr
  0.64BN9 Bank of New York MellonPairCorr
  0.61BLQA BlackRockPairCorr
  0.61HO1 HologicPairCorr
  0.6C2H Copa Holdings SAPairCorr
  0.550QN Ares Management CorpPairCorr
  0.53UF0 UDR IncPairCorr
  0.51UN3 United Natural FoodsPairCorr

Related Correlations Analysis

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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   
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INVN0QN
INVNBN9
2DG8SP
6NM8SP
39O16NM
  
High negative correlations   
2DGBN9
2DG0QN
8SPBN9
INVN2DG
INVN8SP
8SP0QN

Risk-Adjusted Indicators

There is a big difference between 5JQ Stock performing well and H FARM 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 H FARM'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in H FARM 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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