Azur Selection Correlations

MLAZR Stock

0.30 0.02 6.25%

The current 90-days correlation between Azur Selection SA and AXA SA is 0.14 (i.e., Average diversification). The correlation of Azur Selection 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Azur Selection Correlation With Market

Pay attention - limited upside

The correlation between Azur Selection SA and DJI is -0.81 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Azur Selection SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Azur Stock

0.67

DPAM

Les Docks des

Pair Corr

Moving against Azur Stock

0.93	JCQ	Jacquet Metal Service	Pair Corr
0.93	BNP	BNP Paribas SA	Pair Corr
0.91	FCMC	Ferm Casino Mun	Pair Corr
0.87	ACA	Credit Agricole SA	Pair Corr
0.86	OPM	OPmobility SE	Pair Corr
0.85	DEC	JC Decaux SA	Pair Corr
0.85	GDS	Ramsay Generale De	Pair Corr
0.82	ALROC	Roctool	Pair Corr
0.77	MLCFD	Compagnie de Chemins	Pair Corr
0.77	AB	AB Science SA	Pair Corr
0.76	FGR	Eiffage SA	Pair Corr
0.75	KOF	Kaufman Et Broad	Pair Corr
0.75	MALT	Malteries Franco Belges	Pair Corr
0.74	CA	Carrefour SA Earnings Call Today	Pair Corr
0.73	ALDUB	Encres Dubuit SA	Pair Corr
0.69	AYV	ALD SA	Pair Corr
0.68	NEX	Nexans SA Earnings Call This Week	Pair Corr
0.65	ALWEC	WeConnect	Pair Corr
0.64	FR	Valeo SA	Pair Corr
0.53	ALEMG	Euromedis Groupe	Pair Corr
0.52	VIL	VIEL Cie socit	Pair Corr
0.43	VLA	Valneva SE	Pair Corr
0.35	ALAGP	Agripower France	Pair Corr
0.9	DBV	DBV Technologies	Pair Corr
0.9	GLE	Societe Generale	Pair Corr
0.88	VETO	Vetoquinol	Pair Corr
0.87	ALKAL	Kalray SA	Pair Corr
0.86	ALMDT	Mediantechn	Pair Corr
0.86	ALRIB	Riber SA	Pair Corr
0.86	IVA	Inventiva SA	Pair Corr
0.86	ALMOU	Moulinvest	Pair Corr
0.85	EN	Bouygues SA	Pair Corr
0.83	ORA	Orange SA Earnings Call Tomorrow	Pair Corr
0.83	GAM	Gaumont SA	Pair Corr

Related Correlations Analysis

	MC	RMS	OR	TTE	SU	AIR	SAF	CS
MC		0.56	-0.57	-0.92	-0.67	0.48	-0.26	0.45	MC
RMS	0.56		-0.04	-0.37	-0.18	0.59	0.25	0.01	RMS
OR	-0.57	-0.04		0.69	0.45	-0.16	0.31	-0.13	OR
TTE	-0.92	-0.37	0.69		0.77	-0.45	0.34	-0.41	TTE
SU	-0.67	-0.18	0.45	0.77		-0.43	0.41	-0.01	SU
AIR	0.48	0.59	-0.16	-0.45	-0.43		0.48	-0.03	AIR
SAF	-0.26	0.25	0.31	0.34	0.41	0.48		-0.07	SAF
CS	0.45	0.01	-0.13	-0.41	-0.01	-0.03	-0.07		CS
	MC	RMS	OR	TTE	SU	AIR	SAF	CS

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

SU	+ 0.77	TTE
TTE	+ 0.69	OR
AIR	+ 0.59	RMS
RMS	+ 0.56	MC
AIR	+ 0.48	MC
SAF	+ 0.48	AIR

High negative correlations

TTE	- 0.92	MC
SU	- 0.67	MC
OR	- 0.57	MC
AIR	- 0.45	TTE
AIR	- 0.43	SU
CS	- 0.41	TTE

Risk-Adjusted Indicators

There is a big difference between Azur Stock performing well and Azur Selection 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 Azur Selection'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
MC	1.13	(0.33)	0.00	(2.06)	0.00	0.00	1.79	(2.34)	10.66
RMS	1.12	(0.08)	0.00	(1.72)	0.00	0.00	2.24	(2.12)	7.50
OR	1.02	0.12	0.04	(1.20)	1.27	(1.11)	2.66	(1.64)	11.25
TTE	0.80	0.26	0.18	(1.13)	0.70	(0.89)	1.76	(1.37)	4.47
SU	1.14	0.10	0.03	0.52	1.69	(1.09)	2.57	(2.67)	7.62
AIR	1.13	(0.11)	0.00	(2.50)	0.00	0.00	2.11	(2.18)	7.34
SAF	1.22	0.15	0.05	(0.67)	1.29	(1.49)	2.62	(2.38)	6.34
CS	0.75	(0.05)	0.00	(0.24)	0.00	0.00	1.18	(1.74)	4.82

Be your own money manager

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