ANDREW PELLER Correlations
| ANJ Stock | 2.72 0.02 0.74% |
The current 90-days correlation between ANDREW PELLER LTD and Media and Games is -0.09 (i.e., Good diversification). The correlation of ANDREW PELLER 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.
ANDREW PELLER Correlation With Market
Good diversification
The correlation between ANDREW PELLER LTD and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ANDREW PELLER LTD and DJI in the same portfolio, assuming nothing else is changed.
ANDREW |
The ability to find closely correlated positions to ANDREW PELLER could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ANDREW PELLER 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 ANDREW PELLER - 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 ANDREW PELLER LTD to buy it.
Moving together with ANDREW Stock
| 0.62 | MWJ | NAKED WINES PLC | PairCorr |
| 0.65 | HHP2 | Hon Hai Precision | PairCorr |
| 0.72 | CSA | Accenture plc | PairCorr |
| 0.73 | VAR1 | Varta AG | PairCorr |
| 0.72 | CM2 | CAL MAINE FOODS | PairCorr |
| 0.69 | EK7 | AGRICUL BK CHINA | PairCorr |
| 0.63 | UN3 | United Natural Foods | PairCorr |
| 0.68 | DBPE | Xtrackers LevDAX | PairCorr |
Moving against ANDREW Stock
Related Correlations Analysis
| 0.35 | 0.06 | 0.67 | 0.3 | -0.42 | 0.22 | 4UJ | ||
| 0.35 | 0.69 | 0.49 | -0.38 | -0.29 | 0.8 | M8G | ||
| 0.06 | 0.69 | 0.05 | -0.53 | 0.05 | 0.9 | 3C3 | ||
| 0.67 | 0.49 | 0.05 | 0.45 | -0.58 | 0.3 | G5E | ||
| 0.3 | -0.38 | -0.53 | 0.45 | -0.17 | -0.45 | 5HS | ||
| -0.42 | -0.29 | 0.05 | -0.58 | -0.17 | -0.22 | TJW | ||
| 0.22 | 0.8 | 0.9 | 0.3 | -0.45 | -0.22 | BMU | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between ANDREW Stock performing well and ANDREW PELLER 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 ANDREW PELLER'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 4UJ | 2.82 | 0.16 | 0.00 | (0.18) | 3.56 | 5.56 | 24.81 | |||
| M8G | 2.55 | 0.48 | 0.12 | 17.67 | 2.56 | 5.74 | 15.99 | |||
| 3C3 | 1.72 | 0.19 | 0.04 | 1.87 | 1.57 | 3.87 | 21.29 | |||
| G5E | 1.13 | 0.06 | 0.00 | 0.26 | 1.44 | 3.23 | 9.48 | |||
| 5HS | 1.11 | (0.10) | 0.00 | (0.09) | 0.00 | 2.33 | 6.65 | |||
| TJW | 1.66 | (0.16) | 0.00 | (0.39) | 0.00 | 2.62 | 15.34 | |||
| BMU | 1.74 | 0.22 | 0.08 | 0.63 | 1.56 | 3.28 | 13.06 |
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