Foncire 7 Correlations

LEBL Stock

EUR 0.36 0.00 0.00%

The current 90-days correlation between Foncire 7 investissement and Roche Bobois is -0.06 (i.e., Good diversification). The correlation of Foncire 7 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.

Foncire 7 Correlation With Market

Significant diversification

The correlation between Foncire 7 investissement and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Foncire 7 investissement and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Foncire 7 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Foncire 7 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 Foncire 7 - 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 Foncire 7 investissement to buy it.

Moving together with Foncire Stock

0.65	RBO	Roche Bobois	Pair Corr
0.85	OR	LOreal SA	Pair Corr
0.79	TTE	TotalEnergies SE	Pair Corr
0.61	CDI	Christian Dior SE	Pair Corr
0.82	SAN	Sanofi SA	Pair Corr

Moving against Foncire Stock

0.71	SGO	Compagnie de Saint	Pair Corr
0.4	MLCMG	CMG Cleantech SA	Pair Corr

Related Correlations Analysis

	RBO	MTU	MEMS	MAAT	POXEL	ERA	ALTBG	SRICD	AKW
RBO		0.33	0.74	-0.58	0.68	0.59	-0.58	-0.69	0.81	RBO
MTU	0.33		0.63	-0.25	0.38	0.69	-0.24	-0.45	0.49	MTU
MEMS	0.74	0.63		-0.44	0.82	0.66	-0.31	-0.87	0.77	MEMS
MAAT	-0.58	-0.25	-0.44		-0.52	-0.35	0.79	0.44	-0.68	MAAT
POXEL	0.68	0.38	0.82	-0.52		0.68	-0.5	-0.8	0.79	POXEL
ERA	0.59	0.69	0.66	-0.35	0.68		-0.48	-0.57	0.69	ERA
ALTBG	-0.58	-0.24	-0.31	0.79	-0.5	-0.48		0.29	-0.77	ALTBG
SRICD	-0.69	-0.45	-0.87	0.44	-0.8	-0.57	0.29		-0.72	SRICD
AKW	0.81	0.49	0.77	-0.68	0.79	0.69	-0.77	-0.72		AKW
	RBO	MTU	MEMS	MAAT	POXEL	ERA	ALTBG	SRICD	AKW

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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

POXEL	+ 0.82	MEMS
AKW	+ 0.81	RBO
ALTBG	+ 0.79	MAAT
AKW	+ 0.79	POXEL
AKW	+ 0.77	MEMS
MEMS	+ 0.74	RBO

High negative correlations

SRICD	- 0.87	MEMS
SRICD	- 0.8	POXEL
AKW	- 0.77	ALTBG
AKW	- 0.72	SRICD
SRICD	- 0.69	RBO
AKW	- 0.68	MAAT

Risk-Adjusted Indicators

There is a big difference between Foncire Stock performing well and Foncire 7 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 Foncire 7'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
RBO	1.29	(0.31)	0.00	1.00	0.00	0.00	2.55	(3.27)	9.10
MTU	1.45	(0.31)	0.00	(0.65)	0.00	0.00	3.69	(2.64)	8.68
MEMS	2.51	(0.88)	0.00	4.72	0.00	0.00	3.79	(6.92)	14.74
MAAT	1.36	0.11	(0.01)	2.54	1.55	(1.72)	2.87	(3.28)	12.11
POXEL	2.83	(1.32)	0.00	(41.16)	0.00	0.00	5.26	(5.13)	30.81
ERA	2.26	(0.51)	0.00	(1.10)	0.00	0.00	4.66	(4.75)	20.22
ALTBG	6.09	1.00	0.15	0.52	4.98	(10.88)	13.33	(8.33)	38.48
SRICD	0.16	0.00	(0.54)	0.17	0.03	(0.25)	0.32	(0.32)	0.85
AKW	1.26	(0.36)	0.00	(2.31)	0.00	0.00	2.56	(3.90)	12.06

Be your own money manager

Our tools can tell you how much better you can do entering a position in Foncire 7 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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