One Experience Correlations

ALEXP Stock

0.68 0.03 4.62%

The correlation of One Experience 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. If the correlation is 0, the equities are not correlated; they are entirely random.

One Experience Correlation With Market

Modest diversification

The correlation between One Experience Socit and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding One Experience Socit and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against One Stock

0.64	RXL	Rexel SA	Pair Corr
0.62	ENGI	Engie SA	Pair Corr
0.58	SEFER	Sergeferrari G	Pair Corr
0.56	EXE	Exel Industries	Pair Corr
0.54	ALAUD	Audacia SAS	Pair Corr
0.52	ALO	Alstom SA	Pair Corr
0.52	RBT	Robertet SA	Pair Corr
0.52	ALVIO	Valerio Therapeutics	Pair Corr
0.5	74SW	74SW	Pair Corr
0.49	ALHEX	Hexaom	Pair Corr
0.46	CA	Carrefour SA	Pair Corr
0.46	ORA	Orange SA	Pair Corr
0.42	ELEC	lectricite de Strasbourg	Pair Corr
0.38	MC	LVMH Mot Hennessy	Pair Corr
0.34	ALMDT	Mediantechn	Pair Corr
0.64	ALLDL	Groupe LDLC SA	Pair Corr
0.61	ALNRG	Energisme	Pair Corr
0.61	INEA	Fonciere Inea	Pair Corr
0.53	ALLEC	Cogelec SA	Pair Corr
0.53	ALCRB	Carbios	Pair Corr
0.52	PIG	Haulotte Group SA	Pair Corr
0.5	CAP	Capgemini SE	Pair Corr
0.47	ALPRE	Predilife	Pair Corr
0.46	ALCLS	Cellectis	Pair Corr
0.43	URW	Unibail Rodamco Westfield	Pair Corr
0.35	ALGID	Egide SA	Pair Corr
0.32	IPN	Ipsen SA	Pair Corr

Related Correlations Analysis

	CLARI	GDS	VIRP	LNA	VLA	MEDCL	ALTHX	ALBLU	ALTHE	ALCJ
CLARI		0.65	-0.69	0.27	0.84	-0.06	0.76	0.3	0.21	-0.23	CLARI
GDS	0.65		-0.67	0.73	0.78	-0.42	0.52	0.18	0.62	-0.53	GDS
VIRP	-0.69	-0.67		-0.55	-0.71	0.29	-0.79	-0.23	-0.43	0.41	VIRP
LNA	0.27	0.73	-0.55		0.57	-0.44	0.31	0.11	0.69	-0.42	LNA
VLA	0.84	0.78	-0.71	0.57		-0.07	0.69	0.42	0.42	-0.12	VLA
MEDCL	-0.06	-0.42	0.29	-0.44	-0.07		-0.05	0.19	-0.28	0.7	MEDCL
ALTHX	0.76	0.52	-0.79	0.31	0.69	-0.05		0.21	0.12	-0.17	ALTHX
ALBLU	0.3	0.18	-0.23	0.11	0.42	0.19	0.21		0.12	0.4	ALBLU
ALTHE	0.21	0.62	-0.43	0.69	0.42	-0.28	0.12	0.12		-0.44	ALTHE
ALCJ	-0.23	-0.53	0.41	-0.42	-0.12	0.7	-0.17	0.4	-0.44		ALCJ
	CLARI	GDS	VIRP	LNA	VLA	MEDCL	ALTHX	ALBLU	ALTHE	ALCJ

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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

VLA	+ 0.84	CLARI
VLA	+ 0.78	GDS
ALTHX	+ 0.76	CLARI
LNA	+ 0.73	GDS
ALCJ	+ 0.7	MEDCL
ALTHE	+ 0.69	LNA

High negative correlations

ALTHX	- 0.79	VIRP
VLA	- 0.71	VIRP
VIRP	- 0.69	CLARI
VIRP	- 0.67	GDS
LNA	- 0.55	VIRP
ALCJ	- 0.53	GDS

Risk-Adjusted Indicators

There is a big difference between One Stock performing well and One Experience 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 One Experience'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
CLARI	2.04	(0.24)	0.00	(0.19)	0.00	0.00	3.69	(3.91)	19.23
GDS	1.01	(0.18)	0.00	(0.37)	0.00	0.00	2.03	(2.82)	8.89
VIRP	1.13	0.12	0.08	0.22	1.09	(1.25)	2.60	(2.23)	9.49
LNA	1.27	(0.12)	0.00	(2.80)	0.00	0.00	3.06	(3.27)	10.07
VLA	2.21	(0.35)	0.00	(0.40)	0.00	0.00	5.39	(3.78)	14.83
MEDCL	2.67	0.11	0.04	0.14	3.67	(2.68)	5.02	(5.58)	31.99
ALTHX	3.74	(0.09)	0.00	(0.19)	0.00	0.00	7.37	(7.08)	28.72
ALBLU	2.39	0.01	0.00	0.09	3.27	(4.00)	5.00	(6.00)	37.28
ALTHE	3.30	(0.41)	0.00	0.88	0.00	0.00	8.20	(6.56)	24.59
ALCJ	3.06	0.44	0.14	0.60	2.75	(3.87)	8.04	(5.10)	21.81

One Experience 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 One Experience stock to make a market-neutral strategy. Peer analysis of One Experience could also be used in its relative valuation, which is a method of valuing One Experience by comparing valuation metrics with similar companies.

Clariane SE Ramsay Generale De Virbac SA LNA Sante SA Valneva SE Medincell SA Theranexus SA Bluelinea SA Theradiag SA Crossject American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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