KLASSIK RADIO Correlations

KA8 Stock

EUR 3.70 0.02 0.54%

The current 90-days correlation between KLASSIK RADIO N and Brockhaus Capital Management is 0.29 (i.e., Modest diversification). The correlation of KLASSIK RADIO 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.

KLASSIK RADIO Correlation With Market

Good diversification

The correlation between KLASSIK RADIO N and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KLASSIK RADIO N and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with KLASSIK Stock

0.7	AMZ	Amazon Inc	Pair Corr
0.81	ADH2	Air Canada	Pair Corr

Moving against KLASSIK Stock

0.7	MTO	METTLER TOLEDO INTL	Pair Corr
0.7	MTO	Mitie Group PLC	Pair Corr
0.69	MTO	METTLER TOLEDO INTL	Pair Corr

Related Correlations Analysis

	BKHT	VMC	1NX	RYQ	TP3	UWS	EZM	QBI
BKHT		-0.83	-0.49	-0.82	-0.02	-0.78	-0.21	-0.2	BKHT
VMC	-0.83		0.5	0.8	0.02	0.92	0.27	0.2	VMC
1NX	-0.49	0.5		0.58	-0.52	0.48	0.29	0.32	1NX
RYQ	-0.82	0.8	0.58		-0.03	0.76	0.15	0.26	RYQ
TP3	-0.02	0.02	-0.52	-0.03		0.02	-0.28	-0.22	TP3
UWS	-0.78	0.92	0.48	0.76	0.02		0.2	0.13	UWS
EZM	-0.21	0.27	0.29	0.15	-0.28	0.2		0.0	EZM
QBI	-0.2	0.2	0.32	0.26	-0.22	0.13	0.0		QBI
	BKHT	VMC	1NX	RYQ	TP3	UWS	EZM	QBI

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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

UWS	+ 0.92	VMC
RYQ	+ 0.8	VMC
UWS	+ 0.76	RYQ
RYQ	+ 0.58	1NX
1NX	+ 0.5	VMC
UWS	+ 0.48	1NX

High negative correlations

VMC	- 0.83	BKHT
RYQ	- 0.82	BKHT
UWS	- 0.78	BKHT
TP3	- 0.52	1NX
1NX	- 0.49	BKHT
EZM	- 0.28	TP3

Risk-Adjusted Indicators

There is a big difference between KLASSIK Stock performing well and KLASSIK RADIO 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 KLASSIK RADIO'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
BKHT	1.47	(0.24)	0.00	4.56	0.00	0.00	2.81	(3.85)	12.48
VMC	1.26	0.14	0.09	0.23	1.27	(1.73)	2.66	(1.82)	11.18
1NX	1.38	0.36	0.25	(3.83)	0.48	(2.31)	2.65	(1.31)	30.51
RYQ	2.28	0.12	0.11	0.17	2.14	(3.12)	4.67	(3.62)	26.15
TP3	0.80	0.00	(0.14)	0.09	0.82	(1.11)	1.89	(1.36)	6.51
UWS	0.88	0.13	0.10	0.31	0.75	(1.07)	2.13	(1.60)	7.06
EZM	1.97	(0.15)	0.00	(0.57)	0.00	0.00	4.58	(4.15)	15.98
QBI	0.03	(0.01)	0.00	(0.71)	0.00	0.00	0.00	0.00	1.01

Be your own money manager

Our tools can tell you how much better you can do entering a position in KLASSIK RADIO 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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