Fintel PLC Correlations

FNTL Stock

209.00 4.00 1.95%

The current 90-days correlation between Fintel PLC and Lindsell Train Investment is -0.37 (i.e., Very good diversification). The correlation of Fintel PLC 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Fintel PLC Correlation With Market

Significant diversification

The correlation between Fintel PLC 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 Fintel PLC and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Fintel Stock

0.82	SUS	SU plc	Pair Corr
0.77	0JWG	MKS Instruments	Pair Corr
0.76	SSE	SSE PLC	Pair Corr
0.75	BIRG	Bank of Ireland	Pair Corr
0.72	ALK	Alkemy Capital Inves	Pair Corr
0.71	BAKK	Bakkavor Group PLC	Pair Corr
0.7	EUA	Eurasia Mining	Pair Corr
0.69	BNC	Banco Santander SA	Pair Corr
0.68	0J8P	IDEXX Laboratories	Pair Corr
0.66	MNG	MG Plc	Pair Corr
0.65	RS1	RS GROUP PLC	Pair Corr
0.63	PCFT	Polar Capital Global	Pair Corr
0.61	0R29	Intuitive Surgical	Pair Corr
0.6	EDV	Endeavour Mining Corp	Pair Corr
0.57	0KED	Infineon Technologies	Pair Corr
0.54	0LC3	Synchrony Financial	Pair Corr
0.52	STEM	SThree plc	Pair Corr
0.48	PPHC	Public Policy Holding Split	Pair Corr
0.43	TYT	Toyota Motor Corp	Pair Corr
0.82	RE-B	REA Holdings plc	Pair Corr
0.78	0J71	JB Hunt Transport	Pair Corr
0.75	GBSS	Gold Bullion Securities	Pair Corr
0.72	IHG	InterContinental Hotels	Pair Corr
0.68	ICGC	Irish Continental	Pair Corr
0.66	0QZK	Coca Cola	Pair Corr
0.66	APN	Applied Nutrition Plc	Pair Corr
0.66	DRX	Drax Group PLC	Pair Corr
0.65	0P6S	Bayer AG NA	Pair Corr
0.58	0SCL	Schlumberger	Pair Corr
0.55	ECO	Eco Oil Gas	Pair Corr

Related Correlations Analysis

	LTI	IEM	ELLA	0QP2	0F07	NBB	0MZX	0YXG
LTI		0.39	-0.74	-0.56	-0.45	0.75	-0.71	-0.38	LTI
IEM	0.39		-0.33	-0.01	-0.05	0.69	-0.19	0.05	IEM
ELLA	-0.74	-0.33		0.59	0.34	-0.69	0.66	0.22	ELLA
0QP2	-0.56	-0.01	0.59		0.29	-0.48	0.83	0.07	0QP2
0F07	-0.45	-0.05	0.34	0.29		-0.38	0.42	0.28	0F07
NBB	0.75	0.69	-0.69	-0.48	-0.38		-0.52	-0.33	NBB
0MZX	-0.71	-0.19	0.66	0.83	0.42	-0.52		0.01	0MZX
0YXG	-0.38	0.05	0.22	0.07	0.28	-0.33	0.01		0YXG
	LTI	IEM	ELLA	0QP2	0F07	NBB	0MZX	0YXG

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

0MZX	+ 0.83	0QP2
NBB	+ 0.75	LTI
NBB	+ 0.69	IEM
0MZX	+ 0.66	ELLA
0QP2	+ 0.59	ELLA
0MZX	+ 0.42	0F07

High negative correlations

ELLA	- 0.74	LTI
0MZX	- 0.71	LTI
NBB	- 0.69	ELLA
0QP2	- 0.56	LTI
0MZX	- 0.52	NBB
NBB	- 0.48	0QP2

Risk-Adjusted Indicators

There is a big difference between Fintel Stock performing well and Fintel PLC 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 Fintel PLC'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
LTI	2.08	(0.12)	0.00	0.90	0.00	0.00	3.92	(4.11)	13.18
IEM	0.57	(0.03)	(0.08)	(0.01)	0.87	(0.53)	1.03	(1.49)	3.18
ELLA	0.40	0.02	(0.04)	0.29	0.45	(0.82)	1.05	(1.03)	2.74
0QP2	0.63	0.08	0.03	0.32	0.84	(0.61)	1.27	(1.75)	3.71
0F07	0.83	0.01	(0.06)	0.02	1.19	(0.92)	1.79	(1.38)	7.04
NBB	0.24	(0.09)	0.00	7.28	0.00	0.00	0.00	(1.98)	5.17
0MZX	1.38	0.55	0.32	1.54	0.97	(1.68)	4.92	(1.42)	10.29
0YXG	2.07	0.06	0.00	0.22	3.03	(2.04)	3.55	(4.50)	19.75

Be your own money manager

Our tools can tell you how much better you can do entering a position in Fintel PLC 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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