Compa Sibiu Correlations

CMP Stock

0.72 0.01 1.41%

The current 90-days correlation between Compa Sibiu and Digi Communications NV is -0.04 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Compa Sibiu moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Compa Sibiu moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Compa Sibiu Correlation With Market

Very poor diversification

The correlation between Compa Sibiu and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Compa Sibiu and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Compa Stock

0.91	ARS	Aerostar Bacau	Pair Corr
0.94	SNN	S N Nuclearele	Pair Corr
0.93	RPH	Ropharma Bras	Pair Corr
0.74	SNP	Omv Petrom SA	Pair Corr
0.88	EVER	Evergent Investments	Pair Corr
0.85	AROBS	AROBS TRANSILVANIA	Pair Corr
0.89	SNG	Societatea Nationala Earnings Call This Week	Pair Corr
0.75	WINE	IM Vinaria Purcari Earnings Call This Week	Pair Corr
0.96	M	Med Life SA Earnings Call This Week	Pair Corr
0.92	TRANSI	TRANSILVANIA INVESTMENTS	Pair Corr
0.85	INFINITY	Infinity Capital Inv	Pair Corr
0.85	ELMA	Electromagnetica	Pair Corr
0.97	ONE	One United Properties Earnings Call This Week	Pair Corr
0.89	HUNT	IHUNT TECHNOLOGY IMPORT	Pair Corr
0.95	RMAH	Farmaceutica R	Pair Corr
0.84	PPL	Promateris SA	Pair Corr
0.9	EBS	Erste Group Bank Earnings Call This Week	Pair Corr
0.96	EL	Societatea Energetica	Pair Corr
0.94	DIGI	Digi Communications	Pair Corr

Moving against Compa Stock

0.79	ALT	Altur Slatina	Pair Corr
0.5	ATB	Antibiotice Ia	Pair Corr
0.49	ALR	Alro Slatina	Pair Corr
0.45	ARTE	Artego Tg Jiu	Pair Corr

Related Correlations Analysis

	EBS	BIO	TRANSI	TSLA	INFINITY	HUNT	DIGI
EBS		0.81	0.79	0.0	0.75	0.92	0.83	EBS
BIO	0.81		0.96	0.0	0.9	0.79	0.94	BIO
TRANSI	0.79	0.96		0.0	0.87	0.81	0.97	TRANSI
TSLA	0.0	0.0	0.0		0.0	0.0	0.0	TSLA
INFINITY	0.75	0.9	0.87	0.0		0.8	0.88	INFINITY
HUNT	0.92	0.79	0.81	0.0	0.8		0.86	HUNT
DIGI	0.83	0.94	0.97	0.0	0.88	0.86		DIGI
	EBS	BIO	TRANSI	TSLA	INFINITY	HUNT	DIGI

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

DIGI	+ 0.97	TRANSI
TRANSI	+ 0.96	BIO
DIGI	+ 0.94	BIO
HUNT	+ 0.92	EBS
INFINITY	+ 0.9	BIO
DIGI	+ 0.88	INFINITY

High negative correlations

DIGI	- 0.0	TSLA
HUNT	- 0.0	TSLA
INFINITY	- 0.0	TSLA
TSLA	- 0.0	TRANSI
TSLA	- 0.0	BIO
TSLA	- 0.0	EBS

Risk-Adjusted Indicators

There is a big difference between Compa Stock performing well and Compa Sibiu 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 Compa Sibiu'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
EBS	1.06	0.19	0.09	0.56	1.27	(1.15)	2.71	(2.13)	8.14
BIO	1.83	0.67	0.27	(33.12)	1.37	(2.63)	5.17	(2.68)	19.85
TRANSI	1.26	0.33	0.13	(1.03)	0.95	(2.13)	2.00	(1.96)	7.36
TSLA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
INFINITY	1.05	0.40	0.22	(2.38)	0.82	(1.23)	3.63	(1.67)	7.33
HUNT	1.91	0.60	0.17	3.44	1.19	(4.57)	5.56	(2.78)	22.80
DIGI	1.33	0.62	0.37	1.07	0.85	(1.66)	4.39	(1.88)	9.62

Be your own money manager

Our tools can tell you how much better you can do entering a position in Compa Sibiu 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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