Labiana Health Correlations
| LAB Stock | 4.54 0.06 1.34% |
The current 90-days correlation between Labiana Health SA and Atom Hoteles Socimi is 0.18 (i.e., Average diversification). The correlation of Labiana Health 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.
Labiana Health Correlation With Market
Excellent diversification
The correlation between Labiana Health SA and DJI is -0.59 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Labiana Health SA and DJI in the same portfolio, assuming nothing else is changed.
Labiana |
The ability to find closely correlated positions to Labiana Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Labiana Health 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 Labiana Health - 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 Labiana Health SA to buy it.
Moving against Labiana Stock
| 0.75 | XVALO | Vale SA | PairCorr |
| 0.75 | ADZ | Adolfo Dominguez | PairCorr |
| 0.69 | SAN | Banco Santander SA | PairCorr |
| 0.67 | AENA | Aena SA | PairCorr |
| 0.64 | CABK | Caixabank SA | PairCorr |
| 0.63 | XPBRA | Petroleo Brasileiro | PairCorr |
| 0.6 | TRE | Tecnicas Reunidas Earnings Call Today | PairCorr |
| 0.57 | IBE | Iberdrola SA Split | PairCorr |
| 0.57 | ALNT | Alantra Partners | PairCorr |
| 0.57 | RLIA | Realia | PairCorr |
| 0.53 | BBVA | Banco Bilbao Vizcaya | PairCorr |
| 0.53 | EBROM | EV MOTORS SA | PairCorr |
| 0.51 | COXE | Cox Energy Amrica | PairCorr |
| 0.51 | CIRSA | Cirsa Enterprises SAU | PairCorr |
| 0.51 | HBX | HBX Group International | PairCorr |
| 0.49 | YAI1 | All Iron Re | PairCorr |
| 0.47 | GEST | Gestamp Automocion | PairCorr |
| 0.46 | ACX | Acerinox Earnings Call Today | PairCorr |
| 0.44 | ENG | Enags SA | PairCorr |
| 0.43 | ITX | Industria de Diseno | PairCorr |
| 0.38 | CLNX | Cellnex Telecom SA Earnings Call Today | PairCorr |
| 0.35 | IDR | Indra A | PairCorr |
| 0.35 | CCEP | Coca Cola European | PairCorr |
| 0.69 | SEC | Secuoya Grupo de | PairCorr |
| 0.68 | MTS | ArcelorMittal SA | PairCorr |
| 0.68 | IBG | Iberpapel Gestion | PairCorr |
| 0.65 | VIS | Viscofan | PairCorr |
| 0.65 | ACS | ACS Actividades de | PairCorr |
| 0.6 | YFID | Fidere Patrimonio SOCIMI | PairCorr |
| 0.58 | NBI | NBI Bearings Europe | PairCorr |
| 0.51 | YCPS | Castellana Properties | PairCorr |
| 0.51 | APAM | Aperam SA | PairCorr |
| 0.51 | LIB | Libertas 7 SA | PairCorr |
| 0.5 | ATRY | Atrys Health SL | PairCorr |
| 0.5 | BKT | Bankinter | PairCorr |
| 0.46 | UNI | Unicaja Banco SA | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Labiana Stock performing well and Labiana Health 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 Labiana Health'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EBRO | 0.51 | 0.09 | (0.03) | 13.02 | 0.58 | 1.09 | 4.22 | |||
| CLNX | 1.04 | 0.31 | 0.15 | 9.93 | 1.02 | 2.06 | 8.09 | |||
| TQT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| YTCH | 0.09 | (0.01) | 0.00 | 0.49 | 0.00 | 0.00 | 2.80 | |||
| YARP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BKT | 1.09 | 0.12 | 0.01 | 2.94 | 1.31 | 2.49 | 6.19 | |||
| NZI | 0.18 | (0.09) | 0.00 | (0.73) | 0.00 | 0.00 | 3.54 | |||
| YATO | 0.61 | 0.23 | 0.07 | (0.90) | 0.49 | 1.34 | 5.26 |
Labiana Health 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 Labiana Health stock to make a market-neutral strategy. Peer analysis of Labiana Health could also be used in its relative valuation, which is a method of valuing Labiana Health by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |