Alpha Trust Correlations

ANDRO Stock

EUR 6.42 0.04 0.63%

The current 90-days correlation between Alpha Trust Andromeda and Alpha Trust Mutual is -0.07 (i.e., Good diversification). The correlation of Alpha Trust 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.

Alpha Trust Correlation With Market

Average diversification

The correlation between Alpha Trust Andromeda and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alpha Trust Andromeda and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Alpha Stock

0.56	AAAK	Wool Industry Tria	Pair Corr
0.55	KYRI	Kiriacoulis Mediterranean	Pair Corr
0.47	TELL	Bank of Greece	Pair Corr
0.39	EXAE	Hellenic Exchanges Earnings Call This Week	Pair Corr

Related Correlations Analysis

	EXAE	ATRUST	ETE	LAMPS	EPIL	LEBEP	EUROB	IKTIN
EXAE		-0.64	0.79	0.41	0.43	-0.6	0.7	0.79	EXAE
ATRUST	-0.64		-0.72	-0.66	-0.53	0.51	-0.47	-0.54	ATRUST
ETE	0.79	-0.72		0.67	0.35	-0.49	0.72	0.63	ETE
LAMPS	0.41	-0.66	0.67		0.35	-0.37	0.55	0.17	LAMPS
EPIL	0.43	-0.53	0.35	0.35		-0.54	0.19	0.3	EPIL
LEBEP	-0.6	0.51	-0.49	-0.37	-0.54		-0.27	-0.34	LEBEP
EUROB	0.7	-0.47	0.72	0.55	0.19	-0.27		0.64	EUROB
IKTIN	0.79	-0.54	0.63	0.17	0.3	-0.34	0.64		IKTIN
	EXAE	ATRUST	ETE	LAMPS	EPIL	LEBEP	EUROB	IKTIN

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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

ETE	+ 0.79	EXAE
IKTIN	+ 0.79	EXAE
EUROB	+ 0.72	ETE
EUROB	+ 0.7	EXAE
LAMPS	+ 0.67	ETE
IKTIN	+ 0.64	EUROB

High negative correlations

ETE	- 0.72	ATRUST
LAMPS	- 0.66	ATRUST
ATRUST	- 0.64	EXAE
LEBEP	- 0.6	EXAE
LEBEP	- 0.54	EPIL
IKTIN	- 0.54	ATRUST

Risk-Adjusted Indicators

There is a big difference between Alpha Stock performing well and Alpha Trust 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 Alpha Trust'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
EXAE	0.83	(0.18)	0.00	(1.53)	0.00	0.00	1.35	(1.85)	5.53
ATRUST	0.23	0.04	(0.06)	(1.18)	0.25	(0.42)	0.69	(0.47)	2.31
ETE	1.23	(0.20)	0.00	(1.76)	0.00	0.00	2.79	(2.42)	7.88
LAMPS	0.61	(0.09)	0.00	(0.49)	0.00	0.00	1.60	(1.57)	4.82
EPIL	1.37	0.08	0.00	(0.14)	0.00	0.00	9.09	(8.33)	18.18
LEBEP	3.52	0.61	0.05	(4.03)	4.22	(10.28)	13.33	(8.33)	37.69
EUROB	1.19	(0.04)	(0.06)	(0.02)	1.36	(1.36)	2.66	(2.01)	6.56
IKTIN	1.99	(0.28)	0.00	(0.20)	0.00	0.00	3.57	(3.45)	13.01

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