INPOST SA Correlations

669 Stock

EUR 16.88 0.45 2.60%

The current 90-days correlation between INPOST SA EO and ARROW ELECTRONICS is -0.02 (i.e., Good diversification). The correlation of INPOST 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.

INPOST SA Correlation With Market

Significant diversification

The correlation between INPOST SA EO and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding INPOST SA EO and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to INPOST 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 INPOST 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 INPOST 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 INPOST SA EO to buy it.

Moving against INPOST Stock

0.55	03F	IDP EDUCATION LTD	Pair Corr
0.49	DBPD	Xtrackers ShortDAX	Pair Corr
0.42	4Y7	PLATO GOLD P	Pair Corr
0.39	RTO	RENTOKIL INITIAL ADR5	Pair Corr
0.35	TEY	Teradyne	Pair Corr

Related Correlations Analysis

	ARW	LPK	3FNA	RE3	ERT	KM3	SGM	WE7
ARW		0.46	-0.05	-0.27	-0.59	-0.52	0.48	0.1	ARW
LPK	0.46		0.61	0.32	-0.13	0.05	-0.33	0.6	LPK
3FNA	-0.05	0.61		0.84	0.49	0.54	-0.54	0.93	3FNA
RE3	-0.27	0.32	0.84		0.79	0.8	-0.51	0.76	RE3
ERT	-0.59	-0.13	0.49	0.79		0.9	-0.47	0.34	ERT
KM3	-0.52	0.05	0.54	0.8	0.9		-0.47	0.37	KM3
SGM	0.48	-0.33	-0.54	-0.51	-0.47	-0.47		-0.41	SGM
WE7	0.1	0.6	0.93	0.76	0.34	0.37	-0.41		WE7
	ARW	LPK	3FNA	RE3	ERT	KM3	SGM	WE7

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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

WE7	+ 0.93	3FNA
KM3	+ 0.9	ERT
RE3	+ 0.84	3FNA
KM3	+ 0.8	RE3
ERT	+ 0.79	RE3
WE7	+ 0.76	RE3

High negative correlations

ERT	- 0.59	ARW
SGM	- 0.54	3FNA
KM3	- 0.52	ARW
SGM	- 0.51	RE3
SGM	- 0.47	KM3
SGM	- 0.47	ERT

Risk-Adjusted Indicators

There is a big difference between INPOST Stock performing well and INPOST 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 INPOST 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
ARW	1.40	(0.22)	0.00	(0.03)	0.00	0.00	2.59	(2.52)	17.17
LPK	1.25	0.06	(0.02)	0.33	1.20	(1.97)	2.63	(2.14)	11.92
3FNA	3.20	0.39	0.07	1.55	3.85	(3.64)	7.61	(7.56)	27.81
RE3	1.60	0.45	0.13	(1.02)	1.79	(2.07)	4.88	(1.93)	15.88
ERT	0.93	0.22	0.15	0.49	0.86	(1.12)	2.10	(1.47)	5.71
KM3	1.49	0.28	0.12	0.70	1.27	(2.31)	2.70	(1.75)	23.34
SGM	1.65	(0.27)	0.00	1.35	0.00	0.00	3.29	(3.72)	10.07
WE7	1.61	0.24	0.08	0.99	1.60	(2.12)	3.59	(2.48)	10.84

Be your own money manager

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