Citycon Oyj Correlations

COYJF Stock  USD 6.02  0.00  0.00%   
The current 90-days correlation between Citycon Oyj and Victoria plc is 0.33 (i.e., Weak diversification). The correlation of Citycon Oyj 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.

Citycon Oyj Correlation With Market

CityconDowDiversified AwayCityconDowDiversified Away100%

Significant diversification

The correlation between Citycon Oyj and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Citycon Oyj and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Citycon Oyj could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Citycon Oyj 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 Citycon Oyj - 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 Citycon Oyj to buy it.

Moving together with Citycon Pink Sheet

  0.86IVDAW Iveda Solutions WarrantPairCorr
  0.67CPIVF Captiva Verde LandPairCorr
  0.62BABB BAB IncPairCorr
  0.72MGYOY MOL PLC ADRPairCorr
  0.91LBRDP Liberty Broadband CorpPairCorr
  0.78ACSAF ACS Actividades dePairCorr
  0.81FABP Farmers BancorpPairCorr

Moving against Citycon Pink Sheet

  0.81HLDCY Henderson Land DevelPairCorr
  0.79NDVLY New World DevelopmentPairCorr
  0.69DIFTY Daito Trust ConstructionPairCorr
  0.51NWWDF New World DevelopmentPairCorr
  0.43MLGO MicroAlgo TrendingPairCorr
  0.32IVA Inventiva SaPairCorr
  0.6691324PEL2 UNH 495 15PairCorr
  0.44OCG Oriental Culture HoldingPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
RSGEGP
RSGFROG
CNOBPFROG
KTNVCCTF
KTNCNOBP
CNOBPVCCTF
  
High negative correlations   
64110DAK0VCCTF
PROSYVCCTF
64110DAK0TATT
TATTPROSY
KTNPROSY
KTN64110DAK0

Risk-Adjusted Indicators

There is a big difference between Citycon Pink Sheet performing well and Citycon Oyj 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 Citycon Oyj'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Citycon Oyj 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?

Run Premium Stories Now

   

Premium Stories

Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
All  Next Launch Module

Citycon Oyj Corporate Management

Trending Assets

RSG
Republic Services
232.69  1.12  0.48 
FROG
Jfrog
36.97  -0.46  -1.23 
EGP
EastGroup Properties
179.99  1.12  0.63 
PROSY
Prosus NV ADR
9.02  0.16  1.81