Expat Macedonia Correlations

MKK1 Etf   2.65  0.02  0.75%   
The current 90-days correlation between Expat Macedonia Mbi10 and UBS Fund Solutions is 0.08 (i.e., Significant diversification). The correlation of Expat Macedonia 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.

Expat Macedonia Correlation With Market

Good diversification

The correlation between Expat Macedonia Mbi10 and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Expat Macedonia Mbi10 and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Expat Macedonia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Expat Macedonia 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 Expat Macedonia - 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 Expat Macedonia Mbi10 to buy it.

Moving together with Expat Etf

  0.76GQ9 SPDR Gold SharesPairCorr
  0.73VUSA Vanguard Funds PublicPairCorr
  0.73SXR8 iShares Core SPPairCorr
  0.67H41C HSBC Developed WorldPairCorr
  0.85DBPE Xtrackers LevDAXPairCorr
  0.74V3AA Vanguard ESG GlobalPairCorr
  0.64ICFP Invesco MSCI EuropePairCorr
  0.78FAHY Invesco Global FundsPairCorr
  0.8E908 Lyxor 1PairCorr

Moving against Expat Etf

  0.86DBPD Xtrackers ShortDAXPairCorr

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   
XOMF
AMETA
XOMUBER
JPMA
CRMT
JPMMETA
  
High negative correlations   
XOMMETA
CRMUBER
MRKJPM
FMETA
UBERMSFT
XOMMSFT

Expat Macedonia Competition Risk-Adjusted Indicators

There is a big difference between Expat Etf performing well and Expat Macedonia ETF 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 Expat Macedonia'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.40  0.26  0.13  0.73  1.40 
 3.43 
 7.43 
MSFT  1.11 (0.04) 0.00 (0.73) 0.00 
 2.20 
 10.31 
UBER  1.55 (0.21) 0.00 (2.89) 0.00 
 2.67 
 12.29 
F  1.46 (0.15) 0.00 (0.17) 0.00 
 2.57 
 11.21 
T  1.00  0.11  0.07  0.29  1.06 
 1.91 
 7.94 
A  1.19  0.20  0.13  0.49  1.05 
 2.92 
 8.06 
CRM  1.55  0.24  0.11  0.87  1.52 
 3.70 
 14.80 
JPM  1.03  0.27  0.18  0.92  1.00 
 1.92 
 15.87 
MRK  1.00 (0.08) 0.00 (0.29) 0.00 
 2.00 
 5.24 
XOM  0.86 (0.19) 0.00 (0.33) 0.00 
 1.71 
 6.06 

Expat Macedonia 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 Expat Macedonia etf to make a market-neutral strategy. Peer analysis of Expat Macedonia could also be used in its relative valuation, which is a method of valuing Expat Macedonia by comparing valuation metrics with similar companies.
 Risk & Return  Correlation