FLOW TRADERS Correlations

Stocks . Germany . 
Stock . FLOW TRADERS LTD
O3I Stock   21.76  0.10  0.46%   
The current 90-days correlation between FLOW TRADERS LTD and Insurance Australia Group is 0.13 (i.e., Average diversification). The correlation of FLOW TRADERS 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.

FLOW TRADERS Correlation With Market

Significant diversification

The correlation between FLOW TRADERS LTD and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FLOW TRADERS LTD and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to FLOW TRADERS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FLOW TRADERS 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 FLOW TRADERS - 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 FLOW TRADERS LTD to buy it.

Moving together with FLOW Stock

  0.84DWD Morgan StanleyPairCorr
  0.82DWD Morgan StanleyPairCorr
  0.68SWG Charles SchwabPairCorr
  0.7GOS Goldman SachsPairCorr
  0.62GOS Goldman SachsPairCorr
  0.674M4 Macquarie GroupPairCorr
  0.84KR51 KKR Co LPPairCorr
  0.863HM MSCI IncPairCorr
  0.66BZG2 BANK CENTRAL ASIAPairCorr
  0.88EK7 AGRICUL BK CHINAPairCorr
  0.95UN3 United Natural FoodsPairCorr
  0.73VAR1 Varta AGPairCorr
  0.75DBPE Xtrackers LevDAXPairCorr

Moving against FLOW Stock

  0.72BYRA BANK RAKYAT INDPairCorr
  0.72BYRA PT Bank RakyatPairCorr
  0.72DBPD Xtrackers ShortDAXPairCorr
  0.58BYRA BANK RAKYAT INDPairCorr
  0.56PQ9 BANK MANDIRIPairCorr
  0.51PQ9 BANK MANDIRIPairCorr
  0.5PQ9 PT Bank MandiriPairCorr
  0.45BYRA PT Bank RakyatPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between FLOW Stock performing well and FLOW TRADERS 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 FLOW TRADERS'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 FLOW TRADERS 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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