GURU ORGANIC Correlations

Stocks . Germany . 
Stock . GURU ORGANIC ENERGY
GUU Stock   0.92  0.05  5.15%   
The current 90-days correlation between GURU ORGANIC ENERGY and Apple Inc is -0.28 (i.e., Very good diversification). The correlation of GURU ORGANIC 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.
  
The ability to find closely correlated positions to GURU ORGANIC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GURU ORGANIC 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 GURU ORGANIC - 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 GURU ORGANIC ENERGY to buy it.

Moving against GURU Stock

  0.44CVU United BreweriesPairCorr
  0.43DBPE Xtrackers LevDAXPairCorr
  0.38APC Apple Inc Earnings Call Next WeekPairCorr
  0.36APC Apple Inc Earnings Call Next WeekPairCorr
  0.36APC Apple Inc Earnings Call Next WeekPairCorr
  0.36APC Apple Inc Earnings Call Next WeekPairCorr
  0.35APC Apple Inc Earnings Call Next WeekPairCorr
  0.35APC Apple Inc Earnings Call Next WeekPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between GURU Stock performing well and GURU ORGANIC 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 GURU ORGANIC'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
APC  0.97 (0.01) 0.00  0.07  0.00 
 0.00 
 1.69 
(2.88)
 5.99 
APC  1.00 (0.02) 0.00  0.22  0.00 
 0.00 
 1.56 
(2.22)
 5.62 
APC  0.97 (0.03) 0.00  2.07  0.00 
 0.00 
 1.52 
(2.05)
 6.21 
APC  0.97 (0.02) 0.00  0.16  0.00 
 0.00 
 1.64 
(2.63)
 6.57 
APC  0.96 (0.02) 0.00  0.13  0.00 
 0.00 
 2.05 
(2.01)
 6.90 
APC  0.97 (0.01) 0.00  0.05  0.00 
 0.00 
 1.67 
(2.23)
 6.16 
MSF  0.96  0.12  0.06 (1.06) 1.34 
(1.08)
 2.60 
(1.61)
 8.71 
MSF  1.03  0.12  0.06 (0.45) 1.42 
(1.12)
 3.08 
(2.16)
 9.11 
MSF  1.06  0.11  0.05 (0.67) 1.50 
(1.25)
 2.43 
(1.93)
 11.42 
MSF  0.93  0.10  0.05 (1.17) 1.45 
(0.96)
 2.04 
(1.84)
 8.79 

GURU ORGANIC Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with GURU ORGANIC stock to make a market-neutral strategy. Peer analysis of GURU ORGANIC could also be used in its relative valuation, which is a method of valuing GURU ORGANIC by comparing valuation metrics with similar companies.
 Risk & Return  Correlation
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