LIFENET INSURANCE Correlations

7XJ Stock

11.50 0.70 6.48%

The current 90-days correlation between LIFENET INSURANCE and British American Tobacco is -0.05 (i.e., Good diversification). The correlation of LIFENET INSURANCE 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.

LIFENET INSURANCE Correlation With Market

Good diversification

The correlation between LIFENET INSURANCE CO and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LIFENET INSURANCE CO and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with LIFENET Stock

0.73

ERT

ELECTRONIC ARTS

Pair Corr

Moving against LIFENET Stock

0.65	H1Q	China BlueChemical	Pair Corr
0.45	4DH	Dana Inc	Pair Corr
0.43	BSI	BE Semiconductor Ind	Pair Corr
0.66	KRTA	KRUNGTHAI CARD FGN	Pair Corr
0.63	A2P	COPLAND ROAD CAPITAL	Pair Corr
0.63	3N8	Nabtesco Corp	Pair Corr
0.48	DBPE	Xtrackers LevDAX	Pair Corr
0.46	1NN	Neinor Homes SA	Pair Corr
0.34	E908	Lyxor 1	Pair Corr

Related Correlations Analysis

	BMT	ITB	1CG	IIJ	HLG	SH9	N4Q1	XY81
BMT		0.96	0.0	0.51	0.68	-0.4	0.33	-0.45	BMT
ITB	0.96		0.0	0.47	0.7	-0.27	0.3	-0.48	ITB
1CG	0.0	0.0		0.0	0.0	0.0	0.0	0.0	1CG
IIJ	0.51	0.47	0.0		0.04	-0.13	0.19	-0.56	IIJ
HLG	0.68	0.7	0.0	0.04		-0.45	0.37	0.17	HLG
SH9	-0.4	-0.27	0.0	-0.13	-0.45		-0.29	-0.16	SH9
N4Q1	0.33	0.3	0.0	0.19	0.37	-0.29		0.08	N4Q1
XY81	-0.45	-0.48	0.0	-0.56	0.17	-0.16	0.08		XY81
	BMT	ITB	1CG	IIJ	HLG	SH9	N4Q1	XY81

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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

ITB	+ 0.96	BMT
HLG	+ 0.7	ITB
HLG	+ 0.68	BMT
IIJ	+ 0.51	BMT
IIJ	+ 0.47	ITB
N4Q1	+ 0.37	HLG

High negative correlations

XY81	- 0.56	IIJ
XY81	- 0.48	ITB
SH9	- 0.45	HLG
XY81	- 0.45	BMT
SH9	- 0.4	BMT
N4Q1	- 0.29	SH9

Risk-Adjusted Indicators

There is a big difference between LIFENET Stock performing well and LIFENET INSURANCE 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 LIFENET INSURANCE'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
BMT	0.70	0.16	0.16	5.79	0.64	(0.84)	1.67	(1.04)	4.25
ITB	0.75	0.22	0.21	1.45	0.53	(0.80)	2.01	(1.37)	4.61
1CG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IIJ	1.97	(0.06)	0.00	(0.17)	0.00	0.00	4.55	(4.35)	13.26
HLG	2.51	0.80	0.26	(1.27)	1.96	(3.97)	8.04	(4.58)	30.90
SH9	2.67	0.01	0.00	(0.03)	4.01	(2.86)	6.45	(4.03)	31.86
N4Q1	0.70	(0.03)	0.00	1.01	0.00	0.00	1.64	(1.61)	11.34
XY81	2.14	0.05	0.01	(0.20)	2.80	(2.33)	4.68	(3.46)	16.18

Be your own money manager

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