Tractial Correlations

6VD0 Stock

2.84 0.02 0.71%

The current 90-days correlation between Tractial and SUPERIOR PLUS is 0.08 (i.e., Significant diversification). The correlation of Tractial 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.

Tractial Correlation With Market

Very weak diversification

The correlation between Tractial and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tractial and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Tractial Stock

0.64	RPL	UPM Kymmene Oyj Earnings Call This Week	Pair Corr
0.77	1YO	YANGTZE OPTICAL FIBRE	Pair Corr
0.76	19MA	MIE HOLDINGS	Pair Corr
0.67	169	Aeroporto Guglielmo	Pair Corr
0.67	DBPE	Xtrackers LevDAX	Pair Corr

Moving against Tractial Stock

0.68	DBPD	Xtrackers ShortDAX	Pair Corr
0.62	APC	Apple Inc Earnings Call Today	Pair Corr
0.6	APC	Apple Inc Earnings Call Today	Pair Corr
0.6	APC	Apple Inc Earnings Call Today	Pair Corr
0.6	APC	Apple Inc Earnings Call Today	Pair Corr
0.59	APC	Apple Inc Earnings Call Today	Pair Corr
0.47	MSF	Microsoft	Pair Corr
0.47	MSF	Microsoft	Pair Corr
0.46	MSF	Microsoft	Pair Corr

Related Correlations Analysis

	LMIA	I9V	HHX	94P	IUI1	3RKU	VUSA	9TO	RMFA	8SP
LMIA		0.1	-0.07	-0.45	0.13	0.13	0.12	0.09	0.2	-0.01	LMIA
I9V	0.1		0.69	-0.17	0.25	-0.33	0.3	0.75	0.73	-0.38	I9V
HHX	-0.07	0.69		-0.25	0.38	-0.62	0.39	0.8	0.59	-0.5	HHX
94P	-0.45	-0.17	-0.25		-0.23	0.11	0.13	-0.19	-0.13	0.28	94P
IUI1	0.13	0.25	0.38	-0.23		-0.15	0.25	0.47	0.23	-0.33	IUI1
3RKU	0.13	-0.33	-0.62	0.11	-0.15		-0.09	-0.38	-0.34	0.63	3RKU
VUSA	0.12	0.3	0.39	0.13	0.25	-0.09		0.52	0.51	0.14	VUSA
9TO	0.09	0.75	0.8	-0.19	0.47	-0.38	0.52		0.64	-0.43	9TO
RMFA	0.2	0.73	0.59	-0.13	0.23	-0.34	0.51	0.64		-0.06	RMFA
8SP	-0.01	-0.38	-0.5	0.28	-0.33	0.63	0.14	-0.43	-0.06		8SP
	LMIA	I9V	HHX	94P	IUI1	3RKU	VUSA	9TO	RMFA	8SP

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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

9TO	+ 0.8	HHX
9TO	+ 0.75	I9V
RMFA	+ 0.73	I9V
HHX	+ 0.69	I9V
RMFA	+ 0.64	9TO
8SP	+ 0.63	3RKU

High negative correlations

3RKU	- 0.62	HHX
8SP	- 0.5	HHX
94P	- 0.45	LMIA
8SP	- 0.43	9TO
9TO	- 0.38	3RKU
8SP	- 0.38	I9V

Risk-Adjusted Indicators

There is a big difference between Tractial Stock performing well and Tractial 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 Tractial'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
LMIA	3.56	0.34	0.04	(0.29)	4.79	(4.81)	8.65	(5.60)	60.17
I9V	2.59	0.77	0.30	1.00	1.83	(3.77)	4.55	(3.66)	38.04
HHX	2.29	0.17	0.01	(0.60)	3.40	(6.47)	8.51	(8.33)	21.89
94P	2.03	0.05	(0.01)	(0.14)	2.61	(2.01)	4.56	(3.93)	12.86
IUI1	1.29	0.30	0.20	0.48	0.79	(2.16)	2.48	(2.33)	19.61
3RKU	2.37	(0.11)	0.00	(0.04)	0.00	0.00	5.45	(4.49)	15.14
VUSA	0.57	(0.01)	(0.07)	0.01	0.84	(0.55)	1.24	(1.54)	3.67
9TO	1.85	0.36	0.12	(2.66)	1.91	(2.32)	4.00	(2.82)	13.02
RMFA	3.71	0.58	0.12	0.60	3.68	(5.56)	11.72	(8.47)	28.78
8SP	1.20	(0.15)	0.00	(0.11)	0.00	0.00	2.84	(1.39)	24.37

Tractial Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Tractial stock to make a market-neutral strategy. Peer analysis of Tractial could also be used in its relative valuation, which is a method of valuing Tractial by comparing valuation metrics with similar companies.

LION E MOBILITY AG TITANIUM TRANSPORTGROUP HAMMONIA Schiffsholding AG AUREA SA INH INTUITIVE SURGICAL RYOHIN UNSPADR1 Vanguard Funds Public Toyota Tsusho Corp ROCKY MOUNTCHOC DL 001 SUPERIOR PLUS American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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