Cinis Fertilizer Correlations

CINIS Stock

14.34 0.96 6.27%

The current 90-days correlation between Cinis Fertilizer and KABE Group AB is -0.19 (i.e., Good diversification). The correlation of Cinis Fertilizer 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.

Cinis Fertilizer Correlation With Market

Good diversification

The correlation between Cinis Fertilizer AB and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cinis Fertilizer AB and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Cinis Stock

0.72	AZN	AstraZeneca PLC	Pair Corr
0.78	FOI-B	Fenix Outdoor Intern	Pair Corr
0.61	ALM	ALM Equity AB	Pair Corr
0.74	LUND-B	L E Lundbergfretagen	Pair Corr
0.62	VIT-B	Vitec Software Group	Pair Corr
0.78	ABSO	Absolent Group AB	Pair Corr

Moving against Cinis Stock

0.57

ALIV-SDB

Autoliv

Pair Corr

Related Correlations Analysis

	CINIS	KABE-B	IAR-B	MEKO	NORVA	CLS-B	ALBERT	LIPUM	AAC	AOI
CINIS		0.29	0.87	-0.33	0.38	0.61	0.68	-0.78	-0.58	-0.1	CINIS
KABE-B	0.29		0.14	-0.49	0.39	0.38	0.7	-0.37	-0.13	0.46	KABE-B
IAR-B	0.87	0.14		-0.38	0.15	0.43	0.63	-0.69	-0.49	-0.15	IAR-B
MEKO	-0.33	-0.49	-0.38		0.06	-0.07	-0.67	0.29	-0.23	-0.55	MEKO
NORVA	0.38	0.39	0.15	0.06		0.64	0.38	-0.66	-0.36	-0.3	NORVA
CLS-B	0.61	0.38	0.43	-0.07	0.64		0.54	-0.71	-0.73	-0.21	CLS-B
ALBERT	0.68	0.7	0.63	-0.67	0.38	0.54		-0.7	-0.31	0.29	ALBERT
LIPUM	-0.78	-0.37	-0.69	0.29	-0.66	-0.71	-0.7		0.54	0.2	LIPUM
AAC	-0.58	-0.13	-0.49	-0.23	-0.36	-0.73	-0.31	0.54		0.43	AAC
AOI	-0.1	0.46	-0.15	-0.55	-0.3	-0.21	0.29	0.2	0.43		AOI
	CINIS	KABE-B	IAR-B	MEKO	NORVA	CLS-B	ALBERT	LIPUM	AAC	AOI

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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

IAR-B	+ 0.87	CINIS
ALBERT	+ 0.7	KABE-B
ALBERT	+ 0.68	CINIS
CLS-B	+ 0.64	NORVA
ALBERT	+ 0.63	IAR-B
CLS-B	+ 0.61	CINIS

High negative correlations

LIPUM	- 0.78	CINIS
AAC	- 0.73	CLS-B
LIPUM	- 0.71	CLS-B
LIPUM	- 0.7	ALBERT
LIPUM	- 0.69	IAR-B
ALBERT	- 0.67	MEKO

Risk-Adjusted Indicators

There is a big difference between Cinis Stock performing well and Cinis Fertilizer 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 Cinis Fertilizer'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
CINIS	2.95	(0.45)	0.00	2.05	0.00	0.00	5.47	(7.81)	33.20
KABE-B	1.35	(0.32)	0.00	(0.49)	0.00	0.00	2.65	(3.22)	7.76
IAR-B	1.79	(0.40)	0.00	(0.46)	0.00	0.00	2.86	(3.28)	14.74
MEKO	1.34	(0.01)	(0.01)	0.09	1.67	(1.33)	2.64	(2.70)	8.65
NORVA	1.46	(0.28)	0.00	(0.29)	0.00	0.00	3.13	(3.44)	9.96
CLS-B	3.80	(0.41)	0.00	0.38	0.00	0.00	7.35	(6.78)	29.83
ALBERT	1.30	(0.11)	0.00	0.66	0.00	0.00	3.23	(3.24)	13.67
LIPUM	2.80	0.49	0.15	1.32	2.54	(3.62)	6.92	(4.10)	16.73
AAC	2.64	0.36	0.14	0.53	2.04	(3.52)	7.25	(3.52)	20.58
AOI	1.63	0.05	0.00	0.20	2.08	(1.56)	3.43	(3.43)	7.32

Be your own money manager

Our tools can tell you how much better you can do entering a position in Cinis Fertilizer 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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