AGRICULTBK HADR/25 Correlations

EK7A Stock

EUR 11.40 0.20 1.72%

The current 90-days correlation between AGRICULTBK HADR/25 and The Toronto Dominion Bank is -0.17 (i.e., Good diversification). The correlation of AGRICULTBK HADR/25 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.

AGRICULTBK HADR/25 Correlation With Market

Significant diversification

The correlation between AGRICULTBK HADR25 YC 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 AGRICULTBK HADR25 YC and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to AGRICULTBK HADR/25 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AGRICULTBK HADR/25 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 AGRICULTBK HADR/25 - 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 AGRICULTBK HADR25 YC to buy it.

Moving together with AGRICULTBK Stock

0.89	ICKB	INDCOMMBK CHINA ADR20	Pair Corr
0.87	ICK	Industrial and Commercial	Pair Corr
0.95	C6TB	CHINA BANK ADR20	Pair Corr
0.84	W8VS	BANK OCHINA H	Pair Corr
0.92	BZZ	Bank of Montreal	Pair Corr
0.71	BSDK	Banco Santander SA	Pair Corr
0.9	UN3	United Natural Foods	Pair Corr
0.7	DBPE	Xtrackers LevDAX	Pair Corr

Moving against AGRICULTBK Stock

0.89	TG4	Oxurion NV	Pair Corr
0.71	DBPD	Xtrackers ShortDAX	Pair Corr
0.42	TDB	Toronto Dominion	Pair Corr
0.4	BUU	DevEx Resources	Pair Corr

Related Correlations Analysis

	EK7A	TDB	8SP	6NM	39O1	2DG	TLX	TM9	INVN	IUI1
EK7A		-0.42	-0.69	-0.26	0.19	-0.77	-0.37	-0.01	0.79	0.72	EK7A
TDB	-0.42		0.52	0.45	0.21	0.21	0.06	0.38	-0.32	-0.44	TDB
8SP	-0.69	0.52		0.66	0.32	0.73	0.24	0.26	-0.75	-0.84	8SP
6NM	-0.26	0.45	0.66		0.45	0.22	0.22	0.23	-0.31	-0.43	6NM
39O1	0.19	0.21	0.32	0.45		0.17	-0.22	0.46	-0.05	-0.31	39O1
2DG	-0.77	0.21	0.73	0.22	0.17		0.11	0.18	-0.81	-0.87	2DG
TLX	-0.37	0.06	0.24	0.22	-0.22	0.11		-0.01	-0.09	-0.06	TLX
TM9	-0.01	0.38	0.26	0.23	0.46	0.18	-0.01		-0.05	-0.26	TM9
INVN	0.79	-0.32	-0.75	-0.31	-0.05	-0.81	-0.09	-0.05		0.85	INVN
IUI1	0.72	-0.44	-0.84	-0.43	-0.31	-0.87	-0.06	-0.26	0.85		IUI1
	EK7A	TDB	8SP	6NM	39O1	2DG	TLX	TM9	INVN	IUI1

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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

IUI1	+ 0.85	INVN
INVN	+ 0.79	EK7A
2DG	+ 0.73	8SP
IUI1	+ 0.72	EK7A
6NM	+ 0.66	8SP
8SP	+ 0.52	TDB

High negative correlations

IUI1	- 0.87	2DG
IUI1	- 0.84	8SP
INVN	- 0.81	2DG
2DG	- 0.77	EK7A
INVN	- 0.75	8SP
8SP	- 0.69	EK7A

Risk-Adjusted Indicators

There is a big difference between AGRICULTBK Stock performing well and AGRICULTBK HADR/25 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 AGRICULTBK HADR/25'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
EK7A	1.80	0.22	0.05	1.85	1.94	(2.37)	4.76	(4.00)	11.57
TDB	0.88	0.03	(0.06)	0.29	1.22	(0.91)	1.95	(1.57)	5.49
8SP	2.10	(0.13)	0.00	1.09	0.00	0.00	3.38	(4.74)	20.22
6NM	1.23	0.00	(0.02)	0.12	1.76	(1.32)	2.79	(2.69)	9.64
39O1	3.77	0.20	0.04	0.41	3.51	(5.27)	8.41	(5.38)	34.42
2DG	3.89	(1.69)	0.00	(1.15)	0.00	0.00	6.45	(8.57)	52.42
TLX	0.97	(0.02)	(0.07)	0.08	1.13	(1.12)	2.67	(1.64)	7.58
TM9	2.78	0.08	(0.02)	(0.02)	4.26	(3.08)	5.56	(6.43)	36.50
INVN	2.16	0.13	0.04	0.28	2.54	(2.55)	5.61	(4.98)	14.01
IUI1	1.26	0.26	0.14	0.90	1.05	(1.49)	3.28	(1.96)	10.01

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Our tools can tell you how much better you can do entering a position in AGRICULTBK HADR/25 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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