Jupiter Green Correlations

JGC Stock

225.00 2.00 0.88%

The current 90-days correlation between Jupiter Green Investment and Everyman Media Group is 0.07 (i.e., Significant diversification). The correlation of Jupiter Green 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.

Jupiter Green Correlation With Market

Good diversification

The correlation between Jupiter Green Investment and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jupiter Green Investment and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Jupiter Stock

0.87	OOA	Octopus Aim Vct	Pair Corr
0.79	IIG	Intuitive Investments	Pair Corr
0.59	ATY	Athelney Trust plc	Pair Corr

Related Correlations Analysis

	0RUE	INHC	EMAN	OPT	0QG9	ICG	0KBL	CAU
0RUE		-0.66	0.86	-0.49	0.59	0.45	-0.49	0.79	0RUE
INHC	-0.66		-0.44	0.5	-0.78	-0.32	0.24	-0.35	INHC
EMAN	0.86	-0.44		-0.47	0.5	0.21	-0.62	0.73	EMAN
OPT	-0.49	0.5	-0.47		-0.39	-0.17	0.56	-0.64	OPT
0QG9	0.59	-0.78	0.5	-0.39		0.15	-0.21	0.22	0QG9
ICG	0.45	-0.32	0.21	-0.17	0.15		0.12	0.48	ICG
0KBL	-0.49	0.24	-0.62	0.56	-0.21	0.12		-0.58	0KBL
CAU	0.79	-0.35	0.73	-0.64	0.22	0.48	-0.58		CAU
	0RUE	INHC	EMAN	OPT	0QG9	ICG	0KBL	CAU

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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

EMAN	+ 0.86	0RUE
CAU	+ 0.79	0RUE
CAU	+ 0.73	EMAN
0QG9	+ 0.59	0RUE
0KBL	+ 0.56	OPT
OPT	+ 0.5	INHC

High negative correlations

0QG9	- 0.78	INHC
INHC	- 0.66	0RUE
CAU	- 0.64	OPT
0KBL	- 0.62	EMAN
CAU	- 0.58	0KBL
0KBL	- 0.49	0RUE

Risk-Adjusted Indicators

There is a big difference between Jupiter Stock performing well and Jupiter Green 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 Jupiter Green'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
0RUE	2.74	(0.68)	0.00	2.80	0.00	0.00	4.24	(7.79)	22.33
INHC	1.43	0.18	0.00	(0.37)	2.11	(9.56)	7.14	(5.26)	18.60
EMAN	0.79	(0.20)	0.00	(1.36)	0.00	0.00	1.75	(3.45)	9.56
OPT	0.92	0.03	(0.05)	0.26	1.07	(1.28)	2.56	(2.01)	5.83
0QG9	1.36	(0.31)	0.00	4.77	0.00	0.00	3.67	(3.06)	13.61
ICG	1.42	0.00	(0.06)	0.08	2.06	(1.48)	2.56	(3.48)	11.69
0KBL	0.84	0.01	(0.03)	0.14	1.37	(0.80)	1.68	(1.92)	6.94
CAU	1.17	(0.33)	0.00	0.57	0.00	0.00	2.08	(3.22)	22.96

Be your own money manager

Our tools can tell you how much better you can do entering a position in Jupiter Green 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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