Recticel Correlations

RECT Stock

10.42 0.06 0.57%

The correlation of Recticel 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.

Recticel Correlation With Market

Very poor diversification

The correlation between Recticel and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Recticel and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Recticel Stock

0.77	ABI	Anheuser Busch Inbev	Pair Corr
0.83	UCB	UCB SA Earnings Call Next Week	Pair Corr
0.77	DIE	DIeteren Group SA	Pair Corr
0.83	ELI	Elia Group SANV	Pair Corr
0.74	CAND	Candela Invest SA	Pair Corr
0.76	KBCA	KBC Ancora	Pair Corr
0.8	TUB	Tubize Fin	Pair Corr
0.81	KBC	KBC Groep NV	Pair Corr
0.83	SCHD	Scheerders van Kerchoves	Pair Corr
0.79	DEME	DEME Group NV Earnings Call Next Week	Pair Corr
0.64	WDP	Warehouses de Pauw	Pair Corr
0.61	ROU	Roularta	Pair Corr
0.82	EKOP	Ekopak BV	Pair Corr
0.74	MCC	Immo Mcc NV	Pair Corr
0.67	QFG	Quest For Growth	Pair Corr
0.81	CENER	Cenergy Holdings	Pair Corr
0.67	CMBT	CMBTECH NV Earnings Call Next Week	Pair Corr
0.71	SPA	Socit de Services	Pair Corr
0.78	AGS	ageas SANV Earnings Call This Week	Pair Corr
0.82	LOTB	Lotus Bakeries	Pair Corr
0.73	UMI	Umicore SA Earnings Call This Week	Pair Corr

Moving against Recticel Stock

0.72	ARGX	Argen X Earnings Call Next Week	Pair Corr
0.55	DIEG	Immolease Trust NV	Pair Corr

Related Correlations Analysis

	DIEG	RET	IBAB	EVS	SHUR	VASTB
DIEG		-0.18	-0.56	-0.55	-0.14	0.08	DIEG
RET	-0.18		0.71	-0.17	0.24	-0.59	RET
IBAB	-0.56	0.71		0.29	0.37	-0.63	IBAB
EVS	-0.55	-0.17	0.29		0.0	0.15	EVS
SHUR	-0.14	0.24	0.37	0.0		-0.39	SHUR
VASTB	0.08	-0.59	-0.63	0.15	-0.39		VASTB
	DIEG	RET	IBAB	EVS	SHUR	VASTB

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

IBAB	+ 0.71	RET
SHUR	+ 0.37	IBAB
EVS	+ 0.29	IBAB
SHUR	+ 0.24	RET
VASTB	+ 0.15	EVS
VASTB	+ 0.08	DIEG

High negative correlations

VASTB	- 0.63	IBAB
VASTB	- 0.59	RET
IBAB	- 0.56	DIEG
EVS	- 0.55	DIEG
VASTB	- 0.39	SHUR
RET	- 0.18	DIEG

Risk-Adjusted Indicators

There is a big difference between Recticel Stock performing well and Recticel 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 Recticel'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
DIEG	1.50	(0.11)	0.00	0.47	0.00	0.00	4.85	(4.63)	13.09
RET	0.68	0.15	0.12	5.18	0.76	(0.77)	1.44	(0.94)	6.39
IBAB	1.63	0.61	0.36	(2.92)	1.08	(2.04)	3.96	(2.37)	10.13
EVS	0.90	0.00	0.00	0.00	0.00	0.00	1.80	(2.59)	8.62
SHUR	1.03	(0.02)	(0.03)	0.00	1.28	(1.07)	2.37	(2.26)	6.14
VASTB	0.56	0.02	(0.02)	3.51	0.60	(0.78)	1.32	(1.00)	5.26

Recticel 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 Recticel stock to make a market-neutral strategy. Peer analysis of Recticel could also be used in its relative valuation, which is a method of valuing Recticel by comparing valuation metrics with similar companies.

Immolease Trust NV Retail Estates Ion Beam Applications EVS Broadcast Equipment Shurgard Self Storage Vastned Retail Belgium American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp The Home Depot

Risk & Return

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