Club De Correlations

CITY Stock

0.28 0.05 15.15%

The current 90-days correlation between Club De Futbol and Airbus Group SE is 0.11 (i.e., Average diversification). The correlation of Club De 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.

Club De Correlation With Market

Significant diversification

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

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

Moving together with Club Stock

0.79	XVALO	Vale SA	Pair Corr
0.7	IBE	Iberdrola SA	Pair Corr
0.84	CLNX	Cellnex Telecom SA	Pair Corr
0.68	TRG	Tubos Reunidos SA	Pair Corr

Moving against Club Stock

0.84	LIB	Libertas 7 SA	Pair Corr
0.77	AIR	Airbus Group SE	Pair Corr
0.77	ENER	Grupo Ecoener SA	Pair Corr
0.75	UNI	Unicaja Banco SA	Pair Corr
0.75	LOG	Cia de Distribucion	Pair Corr
0.69	ACS	ACS Actividades de	Pair Corr
0.66	IBG	Iberpapel Gestion	Pair Corr
0.56	GAM	General de Alquiler	Pair Corr
0.53	XPBRA	Petroleo Brasileiro	Pair Corr

Related Correlations Analysis

	AIR	ITX	XVALO	IBE	XPBRA	SAN	BBVA	CABK	CLNX
AIR		0.0	-0.77	-0.52	0.39	0.48	0.28	-0.06	-0.64	AIR
ITX	0.0		0.22	0.56	-0.18	0.15	-0.06	0.05	0.45	ITX
XVALO	-0.77	0.22		0.61	-0.47	-0.23	-0.13	0.13	0.75	XVALO
IBE	-0.52	0.56	0.61		-0.43	-0.12	-0.16	0.03	0.8	IBE
XPBRA	0.39	-0.18	-0.47	-0.43		0.15	0.18	-0.35	-0.38	XPBRA
SAN	0.48	0.15	-0.23	-0.12	0.15		0.7	0.47	-0.21	SAN
BBVA	0.28	-0.06	-0.13	-0.16	0.18	0.7		0.21	-0.03	BBVA
CABK	-0.06	0.05	0.13	0.03	-0.35	0.47	0.21		-0.14	CABK
CLNX	-0.64	0.45	0.75	0.8	-0.38	-0.21	-0.03	-0.14		CLNX
	AIR	ITX	XVALO	IBE	XPBRA	SAN	BBVA	CABK	CLNX

Click cells to compare fundamentals

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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

CLNX	+ 0.8	IBE
CLNX	+ 0.75	XVALO
BBVA	+ 0.7	SAN
IBE	+ 0.61	XVALO
IBE	+ 0.56	ITX
SAN	+ 0.48	AIR

High negative correlations

XVALO	- 0.77	AIR
CLNX	- 0.64	AIR
IBE	- 0.52	AIR
XPBRA	- 0.47	XVALO
XPBRA	- 0.43	IBE
CLNX	- 0.38	XPBRA

Risk-Adjusted Indicators

There is a big difference between Club Stock performing well and Club De 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 Club De'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
AIR	1.14	0.24	0.16	1.07	1.10	(1.23)	2.57	(1.94)	7.61
ITX	1.01	(0.04)	0.00	0.74	0.00	0.00	2.04	(1.77)	9.42
XVALO	1.34	(0.15)	0.00	(0.19)	0.00	0.00	3.41	(2.93)	12.86
IBE	0.76	(0.06)	0.00	0.42	0.00	0.00	1.55	(1.49)	5.88
XPBRA	9.79	2.61	0.17	3.20	11.19	(11.23)	68.70	(40.62)	112.01
SAN	1.28	(0.02)	0.00	0.11	0.00	0.00	2.49	(3.53)	9.19
BBVA	1.34	(0.02)	0.00	0.21	0.00	0.00	2.97	(2.57)	9.63
CABK	1.43	(0.07)	0.00	0.18	0.00	0.00	2.48	(3.97)	8.50
CLNX	1.22	(0.25)	0.00	(1.78)	0.00	0.00	2.30	(2.44)	6.49

Be your own money manager

Our tools can tell you how much better you can do entering a position in Club De 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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