AVINGTRANS LS-05 Correlations
| DZR Stock | EUR 6.40 0.10 1.54% |
The current 90-days correlation between AVINGTRANS LS 05 and PT Astra International is -0.11 (i.e., Good diversification). The correlation of AVINGTRANS LS-05 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.
AVINGTRANS LS-05 Correlation With Market
Very weak diversification
The correlation between AVINGTRANS LS 05 and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AVINGTRANS LS 05 and DJI in the same portfolio, assuming nothing else is changed.
AVINGTRANS |
The ability to find closely correlated positions to AVINGTRANS LS-05 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AVINGTRANS LS-05 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 AVINGTRANS LS-05 - 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 AVINGTRANS LS 05 to buy it.
Moving together with AVINGTRANS Stock
| 0.86 | PPQ | PPG INDUSTRIES | PairCorr |
| 0.91 | GPT | Genuine Parts Earnings Call This Week | PairCorr |
| 0.85 | HIUC | China Taiping Insurance | PairCorr |
| 0.68 | 10N | Enter Air SA | PairCorr |
| 0.85 | TWA | TOWA | PairCorr |
| 0.86 | TWZ | Trican Well Service Earnings Call This Week | PairCorr |
| 0.77 | G40 | GDS Holdings Limited | PairCorr |
| 0.8 | FPP0 | ALTYNGOLD PLC LS | PairCorr |
| 0.73 | RATV | Raisio plc | PairCorr |
| 0.7 | 3RB | RECKITT BENCK GRP | PairCorr |
| 0.77 | L3X | Centrais Elétricas Split | PairCorr |
| 0.72 | BSI | BE Semiconductor Ind Earnings Call This Week | PairCorr |
| 0.74 | 485B | Amcor PLC Split | PairCorr |
Moving against AVINGTRANS Stock
| 0.61 | 6YG | IMMUNOCORE HLDGS ADS1 | PairCorr |
| 0.61 | 8CW | Crown Castle Interna | PairCorr |
| 0.44 | 777 | EUROSPORTS GLOBAL LTD | PairCorr |
| 0.34 | EFF | DTEFFWECHSEL BET Split | PairCorr |
| 0.47 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.44 | 3HB | Hybrigenics Societe | PairCorr |
Related Correlations Analysis
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
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Risk-Adjusted Indicators
There is a big difference between AVINGTRANS Stock performing well and AVINGTRANS LS-05 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 AVINGTRANS LS-05'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SSU | 2.91 | 0.92 | 0.34 | 1.28 | 2.19 | 7.66 | 15.03 | |||
| SSUN | 2.55 | 0.71 | 0.23 | 1.84 | 2.29 | 6.04 | 14.94 | |||
| SSU | 2.84 | 0.90 | 0.33 | 1.08 | 2.03 | 6.22 | 15.50 | |||
| SSUN | 2.58 | 0.82 | 0.29 | 0.92 | 2.12 | 6.24 | 13.83 | |||
| TCID | 2.51 | 0.24 | 0.03 | 0.54 | 3.13 | 11.76 | 23.61 | |||
| TCID | 0.62 | (0.15) | 0.00 | (6.80) | 0.00 | 0.00 | 11.15 | |||
| TCID | 4.01 | 0.11 | 0.01 | 0.28 | 5.37 | 12.50 | 35.42 | |||
| PTI | 1.49 | 0.02 | (0.01) | (7.90) | 2.51 | 2.81 | 16.77 | |||
| ASJA | 4.63 | 0.35 | 0.03 | (0.32) | 5.16 | 12.50 | 31.11 |
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AVINGTRANS LS-05 Corporate Executives
Elected by the shareholders, the AVINGTRANS LS-05's board of directors comprises two types of representatives: AVINGTRANS LS-05 inside directors who are chosen from within the company, and outside directors, selected externally and held independent of AVINGTRANS. The board's role is to monitor AVINGTRANS LS-05's management team and ensure that shareholders' interests are well served. AVINGTRANS LS-05's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, AVINGTRANS LS-05's outside directors are responsible for providing unbiased perspectives on the board's policies.