SCIENCE IN Correlations

8D9 Stock

EUR 0.29 0.01 3.33%

The current 90-days correlation between SCIENCE IN SPORT and CHINA HUARONG ENERHD 50 is -0.01 (i.e., Good diversification). The correlation of SCIENCE IN 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.

SCIENCE IN Correlation With Market

Good diversification

The correlation between SCIENCE IN SPORT and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SCIENCE IN SPORT and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with SCIENCE Stock

0.8

KEL

Kellogg Company

Pair Corr

Moving against SCIENCE Stock

0.79	03F	IDP EDUCATION LTD	Pair Corr
0.73	NESM	Nestlé SA	Pair Corr
0.71	GRM	General Mills Earnings Call Tomorrow	Pair Corr
0.7	GRM	General Mills Earnings Call Tomorrow	Pair Corr
0.55	KHNZ	Kraft Heinz	Pair Corr
0.52	TEY	Teradyne	Pair Corr
0.49	DBPD	Xtrackers ShortDAX	Pair Corr
0.43	C4X	Onxeo SA	Pair Corr
0.32	4Y7	PLATO GOLD P	Pair Corr

Related Correlations Analysis

	8SP	2DG	TM9	NOH1	RS6	XYTA	9K1	3RKU	VUSA
8SP		0.7	0.52	-0.44	-0.73	-0.3	0.47	-0.2	-0.69	8SP
2DG	0.7		0.63	-0.48	-0.89	-0.19	0.77	-0.68	-0.93	2DG
TM9	0.52	0.63		-0.1	-0.65	0.05	0.68	-0.5	-0.69	TM9
NOH1	-0.44	-0.48	-0.1		0.49	0.39	-0.19	0.16	0.46	NOH1
RS6	-0.73	-0.89	-0.65	0.49		0.18	-0.74	0.61	0.94	RS6
XYTA	-0.3	-0.19	0.05	0.39	0.18		0.14	-0.2	0.24	XYTA
9K1	0.47	0.77	0.68	-0.19	-0.74	0.14		-0.86	-0.83	9K1
3RKU	-0.2	-0.68	-0.5	0.16	0.61	-0.2	-0.86		0.7	3RKU
VUSA	-0.69	-0.93	-0.69	0.46	0.94	0.24	-0.83	0.7		VUSA
	8SP	2DG	TM9	NOH1	RS6	XYTA	9K1	3RKU	VUSA

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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

VUSA	+ 0.94	RS6
9K1	+ 0.77	2DG
2DG	+ 0.7	8SP
VUSA	+ 0.7	3RKU
9K1	+ 0.68	TM9
TM9	+ 0.63	2DG

High negative correlations

VUSA	- 0.93	2DG
RS6	- 0.89	2DG
3RKU	- 0.86	9K1
VUSA	- 0.83	9K1
9K1	- 0.74	RS6
RS6	- 0.73	8SP

Risk-Adjusted Indicators

There is a big difference between SCIENCE Stock performing well and SCIENCE IN 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 SCIENCE IN'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
8SP	2.10	(0.16)	0.00	(9.98)	0.00	0.00	3.36	(4.50)	20.22
2DG	5.26	(0.68)	0.00	(0.28)	0.00	0.00	13.33	(10.00)	52.42
TM9	2.22	(0.01)	0.00	0.09	0.00	0.00	5.06	(3.85)	24.09
NOH1	1.93	0.09	0.01	0.80	1.86	(2.77)	6.61	(3.25)	13.10
RS6	1.33	0.23	0.12	1.26	1.16	(1.53)	2.94	(2.03)	13.65
XYTA	11.55	4.02	0.13	(2.01)	8.11	(58.33)	33.33	(20.00)	233.33
9K1	1.72	(0.42)	0.00	3.33	0.00	0.00	2.94	(4.66)	14.80
3RKU	1.54	0.44	0.22	1.78	1.25	(2.12)	3.31	(2.40)	9.54
VUSA	0.56	0.12	0.13	0.22	0.50	(0.62)	1.19	(1.04)	6.02

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