RETAIL FOOD Correlations

JUU Stock

EUR 1.21 0.02 1.63%

The current 90-days correlation between RETAIL FOOD GROUP and Apple Inc is 0.08 (i.e., Significant diversification). The correlation of RETAIL FOOD 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.

RETAIL FOOD Correlation With Market

Good diversification

The correlation between RETAIL FOOD GROUP and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RETAIL FOOD GROUP and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against RETAIL Stock

0.7	TEY	Teradyne	Pair Corr
0.39	4Y7	PLATO GOLD P	Pair Corr
0.69	Z56	QINGCI GAMES INC	Pair Corr
0.66	NH5	NH HOTEL GROUP	Pair Corr
0.56	DTG	Daimler Truck Holding	Pair Corr
0.47	SNQB	SANOMA Dusseldorf	Pair Corr
0.4	4DH	Dana Inc	Pair Corr
0.34	GIFN	GigaMedia	Pair Corr
0.32	KEL	Kellogg Company	Pair Corr
0.64	1YD	Broadcom	Pair Corr
0.59	C7T	CTT Correios	Pair Corr
0.55	DTG	Daimler Truck Holding	Pair Corr
0.55	FTK	flatexDEGIRO AG	Pair Corr
0.54	VRS	VERISIGN	Pair Corr
0.51	UNC	UCB Dusseldorf	Pair Corr

Related Correlations Analysis

	APC	APC	APC	APC	APC	APC	MSF	MSF	MSF	MSF
APC		1.0	0.99	1.0	0.99	1.0	0.89	0.88	0.88	0.89	APC
APC	1.0		0.99	1.0	0.99	1.0	0.89	0.88	0.88	0.89	APC
APC	0.99	0.99		0.99	0.99	0.99	0.89	0.87	0.87	0.89	APC
APC	1.0	1.0	0.99		0.99	0.99	0.88	0.86	0.86	0.88	APC
APC	0.99	0.99	0.99	0.99		0.99	0.88	0.86	0.86	0.88	APC
APC	1.0	1.0	0.99	0.99	0.99		0.89	0.87	0.87	0.89	APC
MSF	0.89	0.89	0.89	0.88	0.88	0.89		0.99	1.0	0.98	MSF
MSF	0.88	0.88	0.87	0.86	0.86	0.87	0.99		0.99	0.98	MSF
MSF	0.88	0.88	0.87	0.86	0.86	0.87	1.0	0.99		0.98	MSF
MSF	0.89	0.89	0.89	0.88	0.88	0.89	0.98	0.98	0.98		MSF
	APC	APC	APC	APC	APC	APC	MSF	MSF	MSF	MSF

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Risk-Adjusted Indicators

There is a big difference between RETAIL Stock performing well and RETAIL FOOD 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 RETAIL FOOD'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
APC	0.89	0.09	0.07	0.71	1.13	(0.91)	1.81	(1.96)	5.21
APC	0.91	0.09	0.08	2.25	1.18	(0.92)	1.56	(1.97)	5.24
APC	0.89	0.16	0.14	1.94	0.97	(0.97)	2.00	(1.83)	5.17
APC	0.91	0.09	0.06	0.97	1.38	(0.85)	1.94	(2.22)	6.12
APC	0.90	0.09	0.08	(1.01)	1.02	(1.00)	2.33	(1.94)	5.51
APC	0.91	0.09	0.06	0.30	1.37	(0.87)	1.67	(2.15)	5.61
MSF	0.95	0.13	0.09	4.10	1.29	(1.08)	2.55	(1.61)	8.71
MSF	1.06	0.14	0.09	2.71	1.42	(1.18)	3.08	(2.16)	9.11
MSF	1.05	0.13	0.08	1.23	1.46	(1.26)	2.43	(1.93)	11.42
MSF	0.93	0.14	0.09	(64.30)	1.37	(1.02)	2.04	(1.84)	8.79

Be your own money manager

Our tools can tell you how much better you can do entering a position in RETAIL FOOD 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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