Compa Sibiu Correlations
| CMP Stock | 0.68 0.02 2.86% |
The current 90-days correlation between Compa Sibiu and AROBS TRANSILVANIA SOFTWARE is -0.05 (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
Poor diversification
The correlation between Compa Sibiu and DJI is 0.68 (i.e., 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.
Compa |
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.
Related Correlations Analysis
| 0.64 | 0.72 | 0.89 | 0.32 | 0.75 | TRANSI | ||
| 0.64 | 0.69 | 0.76 | 0.58 | 0.24 | HUNT | ||
| 0.72 | 0.69 | 0.83 | 0.33 | 0.66 | RCHI | ||
| 0.89 | 0.76 | 0.83 | 0.32 | 0.68 | DIGI | ||
| 0.32 | 0.58 | 0.33 | 0.32 | 0.07 | EFO | ||
| 0.75 | 0.24 | 0.66 | 0.68 | 0.07 | AROBS | ||
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TRANSI | 1.43 | 0.37 | 0.14 | (0.88) | 1.01 | 4.00 | 8.08 | |||
| HUNT | 1.71 | 0.50 | 0.13 | 1.78 | 1.19 | 5.56 | 22.80 | |||
| RCHI | 1.47 | 0.31 | 0.00 | 0.85 | 0.00 | 4.55 | 22.90 | |||
| DIGI | 1.30 | 0.57 | 0.33 | 0.95 | 0.90 | 4.54 | 8.83 | |||
| EFO | 2.68 | 0.23 | 0.03 | (0.54) | 3.35 | 9.26 | 25.74 | |||
| AROBS | 0.93 | 0.23 | 0.08 | (3.34) | 0.71 | 2.74 | 8.43 |
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.Did you try this?
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