Navigator Correlations

Stocks . Germany . 
Stock . The Navigator
PO9 Stock  EUR 3.38  0.01  0.30%   
The current 90-days correlation between Navigator and BANK OF CHINA is -0.13 (i.e., Good diversification). The correlation of Navigator 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.

Navigator Correlation With Market

Very poor diversification

The correlation between The Navigator and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Navigator and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Navigator could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Navigator 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 Navigator - 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 The Navigator to buy it.

Moving together with Navigator Stock

  0.89RHO ROCHE HLDGPairCorr
  0.856MK MerckPairCorr
  0.91NOT NOVARTIS NPairCorr
  0.91NOT NOVARTIS NPairCorr
  0.864I1 Philip Morris InternPairCorr
  0.86FTD FINDE TUBIZE ACTNOUVPairCorr
  0.71EIS Eisen und HttenwerkePairCorr
  0.78REPA Repsol SAPairCorr
  0.88OHP Persimmon PlcPairCorr
  0.61FEV FORTEC ElektronikPairCorr
  0.73CVC1 Carnival plcPairCorr
  0.88ODF Old Dominion FreightPairCorr
  0.89HY9H SK hynixPairCorr
  0.99TO Toyota Tsusho CorpPairCorr
  0.87P7T PT Bank PembangunanPairCorr
  0.86WPU Wereldhave BelgiumPairCorr
  0.89TQI TELECOM ITALIAPairCorr
  0.71EMB 5N PlusPairCorr
  0.82UUEC United UtilitiesPairCorr
  0.71RGPB Reinsurance GroupPairCorr
  0.82169 Aeroporto GuglielmoPairCorr
  0.7IXD2 INDDDTEXTUNSPADRPairCorr
  0.9KU1 Kulicke and SoffaPairCorr
  0.65JUN3 Jungheinrich AG ONVZOPairCorr
  0.78JAW JetBlue AirwaysPairCorr
  0.75TOTB TotalEnergies SEPairCorr
  0.92TGE1 Mobilezone Holding Earnings Call This WeekPairCorr
  0.88ASME ASML Holding NVPairCorr
  0.820XHR Xenia Hotels ResortsPairCorr

Moving against Navigator Stock

  0.67QCI QUALCOMMPairCorr
  0.64HETA KHD Humboldt WedagPairCorr
  0.6ABL Abbott LaboratoriesPairCorr
  0.51W060 Byggmästare AndersPairCorr
  0.41DAP DANAHER (DAPSG)PairCorr

Related Correlations Analysis


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

NOT
+ 0.99
NOT
NOT
+ 0.97
RHO
NOT
+ 0.97
RHO
4I1
+ 0.95
RHO
NOT
+ 0.93
6MK
4I1
+ 0.93
NOT
  

High negative correlations

4I1
- 0.91
QCI
QCI
- 0.86
RHO
NOT
- 0.84
QCI
NOT
- 0.83
QCI
6MK
- 0.79
QCI
ABL
- 0.79
RHO

Risk-Adjusted Indicators

There is a big difference between Navigator Stock performing well and Navigator 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 Navigator'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
RHO  0.98  0.20  0.08  0.71  1.39 
(1.07)
 2.24 
(2.20)
 8.07 
ABL  1.08 (0.06) 0.00  0.18  0.00 
 0.00 
 1.95 
(2.11)
 14.56 
DAP  1.21 (0.07) 0.00  0.30  0.00 
 0.00 
 2.32 
(2.98)
 8.54 
QCI  1.42 (0.15) 0.00  0.86  0.00 
 0.00 
 1.90 
(2.57)
 12.93 
6MK  1.32  0.38  0.13 (0.83) 1.41 
(1.48)
 3.38 
(2.35)
 8.41 
NOT  0.82  0.35  0.33  2.00  0.23 
(1.09)
 2.10 
(1.18)
 4.95 
NOT  0.90  0.40  0.34 (2.80) 0.26 
(1.13)
 2.70 
(1.29)
 5.41 
AMD  2.62  0.07 (0.03)(0.01) 3.76 
(2.90)
 6.33 
(5.07)
 24.55 
4I1  1.11  0.30  0.10 (1.08) 1.19 
(1.23)
 2.65 
(2.55)
 7.67 
W8V  1.44  0.00 (0.01) 0.12  2.70 
(3.47)
 2.08 
(2.04)
 24.03 

Be your own money manager

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

Did you try this?

Run Commodity Channel Now

   

Commodity Channel

Use Commodity Channel Index to analyze current equity momentum
All  Next Launch Module
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2026 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY