Text SA Correlations

LCHTF Stock

USD 11.14 2.63 19.10%

The current 90-days correlation between Text SA and Quadient SA is 0.02 (i.e., Significant diversification). The correlation of Text SA 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.

Text SA Correlation With Market

Very good diversification

The correlation between Text SA and DJI is -0.4 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Text SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Text Pink Sheet

0.63

INTU

Intuit Inc

Pair Corr

Moving against Text Pink Sheet

0.77	MEGI	MainStay CBRE Global Normal Trading	Pair Corr
0.69	MXCHY	Orbia Advance Corp	Pair Corr
0.59	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.49	BBDO	Banco Bradesco SA	Pair Corr
0.46	MEEEF	Metal Energy Corp	Pair Corr
0.44	SLSR	Solaris Resources	Pair Corr
0.43	482480AN0	KLAC 525 15	Pair Corr
0.41	NTZ	Natuzzi SpA	Pair Corr
0.4	CAMZF	Camino Minerals	Pair Corr
0.36	USPH	US Physicalrapy	Pair Corr
0.32	INTC	Intel	Pair Corr
0.92	PLSE	Pulse Biosciences	Pair Corr
0.78	TOPCF	Topcon	Pair Corr
0.65	NNRHF	Neinor Homes SA	Pair Corr
0.65	JLHL	Julong Holding	Pair Corr
0.6	PRTS	CarPartsCom	Pair Corr
0.59	SHIP	Seanergy Maritime	Pair Corr

Related Correlations Analysis

	NPACF	SMTEF	RLLMF	TCYSF	CMDXF	EACO	PXPHF	IVUFF	TRUHF	CEJOF
NPACF		0.33	0.28	-0.35	-0.56	0.31	0.7	0.0	0.0	0.0	NPACF
SMTEF	0.33		0.64	-0.84	-0.25	0.69	0.48	0.0	0.0	0.0	SMTEF
RLLMF	0.28	0.64		-0.79	-0.44	0.67	0.41	0.0	0.0	0.0	RLLMF
TCYSF	-0.35	-0.84	-0.79		0.41	-0.73	-0.51	0.0	0.0	0.0	TCYSF
CMDXF	-0.56	-0.25	-0.44	0.41		-0.38	-0.64	0.0	0.0	0.0	CMDXF
EACO	0.31	0.69	0.67	-0.73	-0.38		0.42	0.0	0.0	0.0	EACO
PXPHF	0.7	0.48	0.41	-0.51	-0.64	0.42		0.0	0.0	0.0	PXPHF
IVUFF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	IVUFF
TRUHF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	TRUHF
CEJOF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CEJOF
	NPACF	SMTEF	RLLMF	TCYSF	CMDXF	EACO	PXPHF	IVUFF	TRUHF	CEJOF

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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

PXPHF	+ 0.7	NPACF
EACO	+ 0.69	SMTEF
EACO	+ 0.67	RLLMF
RLLMF	+ 0.64	SMTEF
PXPHF	+ 0.48	SMTEF
PXPHF	+ 0.42	EACO

High negative correlations

TCYSF	- 0.84	SMTEF
TCYSF	- 0.79	RLLMF
EACO	- 0.73	TCYSF
PXPHF	- 0.64	CMDXF
CMDXF	- 0.56	NPACF
PXPHF	- 0.51	TCYSF

Risk-Adjusted Indicators

There is a big difference between Text Pink Sheet performing well and Text SA 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 Text SA'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
NPACF	0.14	0.07	0.00	(0.39)	0.00	0.00	0.00	0.00	0.00
SMTEF	0.97	0.24	0.00	(2.39)	0.00	0.00	6.25	0.00	19.41
RLLMF	1.40	0.20	0.06	0.28	1.64	(2.83)	4.95	(4.85)	12.55
TCYSF	1.06	(0.52)	0.00	16.37	0.00	0.00	0.00	(5.04)	15.06
CMDXF	1.80	(0.38)	0.00	(0.35)	0.00	0.00	3.13	(3.24)	23.52
EACO	1.05	0.25	0.03	(0.66)	1.53	(2.52)	2.41	(2.35)	20.05
PXPHF	0.52	0.25	0.00	17.95	0.00	0.00	0.00	0.00	17.48
IVUFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TRUHF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CEJOF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Text SA 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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Text SA Corporate Management

Urszula Jarzebowska	Member Board	Profile
Joanna Alwin	Financial CFO	Profile
Mariusz Cieply	Pres CEO	Profile
Bartosz Olchwka	Head Devel	Profile
Piotr Bednarek	Head Officer	Profile
Szymon Klimczak	CMO	Profile

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