REVO INSURANCE Correlations

H0O Stock

10.45 0.05 0.48%

The current 90-days correlation between REVO INSURANCE SPA and Lyxor 1 is 0.08 (i.e., Significant diversification). The correlation of REVO INSURANCE 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.

REVO INSURANCE Correlation With Market

Significant diversification

The correlation between REVO INSURANCE SPA and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding REVO INSURANCE SPA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with REVO Stock

0.79	JBL	JABIL CIRCUIT	Pair Corr
0.67	910	Appian Corp	Pair Corr
0.64	IHCB	SBM OFFSHORE	Pair Corr
0.86	RF6	CBRE Group Class	Pair Corr
0.74	DVY	DeVry Education Group	Pair Corr
0.79	GZ3	Yuexiu Transport Inf	Pair Corr
0.61	6LA	Lamar Advertising	Pair Corr
0.88	UWS	Waste Management	Pair Corr
0.8	ZFI1	ZURICH INSURANCE	Pair Corr
0.61	NRM	INSURANCE AUST GRP	Pair Corr
0.93	0PQ	PROQR THERAPEUTICS	Pair Corr
0.83	ERT	Electronic Arts	Pair Corr
0.89	EV9	Entravision Communications	Pair Corr
0.61	MSF	Microsoft	Pair Corr
0.91	IUI1	INTUITIVE SURGICAL	Pair Corr
0.91	ITB	Imperial Brands PLC	Pair Corr
0.71	WN6	CarsalesCom	Pair Corr
0.61	QIS	QUICKSTEP HLDGS	Pair Corr

Moving against REVO Stock

0.88	TG4	Oxurion NV	Pair Corr
0.5	BUU	DevEx Resources	Pair Corr
0.48	WPY	W P Carey	Pair Corr
0.4	DBPD	Xtrackers ShortDAX	Pair Corr
0.36	HVB	ÜSTRA Hannoversche	Pair Corr

Related Correlations Analysis

	E908	DBPE	DBPD	8SP	6NM	39O1	2DG	TLX	TM9	INVN
E908		0.76	-0.88	-0.28	0.07	0.55	-0.27	-0.15	0.18	0.5	E908
DBPE	0.76		-0.86	-0.28	0.11	0.54	-0.39	-0.38	0.24	0.46	DBPE
DBPD	-0.88	-0.86		0.28	-0.15	-0.6	0.4	0.34	-0.22	-0.53	DBPD
8SP	-0.28	-0.28	0.28		0.66	0.32	0.73	0.24	0.26	-0.75	8SP
6NM	0.07	0.11	-0.15	0.66		0.45	0.22	0.22	0.23	-0.31	6NM
39O1	0.55	0.54	-0.6	0.32	0.45		0.17	-0.22	0.46	-0.05	39O1
2DG	-0.27	-0.39	0.4	0.73	0.22	0.17		0.11	0.18	-0.81	2DG
TLX	-0.15	-0.38	0.34	0.24	0.22	-0.22	0.11		-0.01	-0.09	TLX
TM9	0.18	0.24	-0.22	0.26	0.23	0.46	0.18	-0.01		-0.05	TM9
INVN	0.5	0.46	-0.53	-0.75	-0.31	-0.05	-0.81	-0.09	-0.05		INVN
	E908	DBPE	DBPD	8SP	6NM	39O1	2DG	TLX	TM9	INVN

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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

DBPE	+ 0.76	E908
2DG	+ 0.73	8SP
6NM	+ 0.66	8SP
39O1	+ 0.55	E908
39O1	+ 0.54	DBPE
INVN	+ 0.5	E908

High negative correlations

DBPD	- 0.88	E908
DBPD	- 0.86	DBPE
INVN	- 0.81	2DG
INVN	- 0.75	8SP
39O1	- 0.6	DBPD
INVN	- 0.53	DBPD

Risk-Adjusted Indicators

There is a big difference between REVO Stock performing well and REVO INSURANCE 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 REVO INSURANCE'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
E908	0.74	(0.04)	(0.11)	0.03	0.90	(0.78)	1.48	(1.60)	4.03
DBPE	1.28	0.09	(0.03)	(0.44)	1.54	(1.36)	2.07	(2.24)	7.84
DBPD	1.28	0.03	0.00	0.09	0.00	0.00	2.47	(2.33)	6.94
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

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Our tools can tell you how much better you can do entering a position in REVO INSURANCE 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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