Libertas 7 Correlations

LIB Stock  EUR 1.78  0.06  3.49%   
The current 90-days correlation between Libertas 7 SA and Montebalito SA is -0.2 (i.e., Good diversification). The correlation of Libertas 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.

Libertas 7 Correlation With Market

Significant diversification

The correlation between Libertas 7 SA 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 Libertas 7 SA and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Libertas 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 Libertas 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 Libertas 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 Libertas 7 SA to buy it.

Moving together with Libertas Stock

  0.71NAT Iffe Futura SAPairCorr
  0.65YMEI Mercal Inmuebles SocimiPairCorr
  0.61YGMP GMP Property SOCIMIPairCorr
  0.76IBG Iberpapel GestionPairCorr
  0.8ACS ACS Actividades dePairCorr
  0.74LOG Cia de DistribucionPairCorr
  0.82UNI Unicaja Banco SAPairCorr

Moving against Libertas Stock

  0.75REN Renta Corporacion RealPairCorr

Related Correlations Analysis

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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   
LIBRLIA
RENISUR
LIBISUR
  
High negative correlations   
LIBREN
MTBISUR
RENRLIA
RENMTB
ISURRLIA
LIBMTB

Risk-Adjusted Indicators

There is a big difference between Libertas Stock performing well and Libertas 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 Libertas 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.

Be your own money manager

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