Relo Correlations
| RELOF Stock | USD 11.84 0.00 0.00% |
The correlation of Relo 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.
Relo Correlation With Market
Poor diversification
The correlation between Relo Group and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Relo Group and DJI in the same portfolio, assuming nothing else is changed.
Relo |
The ability to find closely correlated positions to Relo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Relo 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 Relo - 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 Relo Group to buy it.
Moving together with Relo Pink Sheet
| 0.85 | CTAS | Cintas | PairCorr |
| 0.72 | RKLIF | Rentokil Initial plc Earnings Call This Week | PairCorr |
| 0.64 | ICAGY | International Consolidated | PairCorr |
| 0.77 | LYG | Lloyds Banking Group | PairCorr |
| 0.9 | ASX | ASE Industrial Holding | PairCorr |
| 0.94 | SPHXF | SM Prime Holdings | PairCorr |
| 0.84 | ESCA | Escalade Incorporated | PairCorr |
| 0.79 | ABCB | Ameris Bancorp | PairCorr |
| 0.86 | PRIM | Primoris Services | PairCorr |
| 0.67 | WBI | WaterBridge Infrastructure | PairCorr |
| 0.8 | HSY | Hershey | PairCorr |
| 0.8 | UAMY | United States Antimony Aggressive Push | PairCorr |
| 0.61 | LMAT | LeMaitre Vascular | PairCorr |
| 0.77 | TRP | TC Energy Corp | PairCorr |
| 0.87 | EDVMF | Endeavour Mining Corp Earnings Call This Week | PairCorr |
| 0.92 | MUFG | Mitsubishi UFJ Financial | PairCorr |
| 0.71 | CIADY | China Mengniu Dairy | PairCorr |
| 0.82 | E | Eni SpA ADR | PairCorr |
| 0.76 | BATL | Battalion Oil Corp Upward Rally | PairCorr |
| 0.76 | EXETF | Extendicare Upward Rally | PairCorr |
| 0.8 | TYIDF | Toyota Industries Corp | PairCorr |
| 0.75 | PDER | Pardee Resources | PairCorr |
| 0.88 | BHFAP | Brighthouse Financial | PairCorr |
| 0.9 | WSO | Watsco Inc | PairCorr |
| 0.82 | SVNLF | Svenska Handelsbanken Normal Trading | PairCorr |
| 0.75 | SOR | Source Capital Closed Earnings Call This Week | PairCorr |
Moving against Relo Pink Sheet
| 0.79 | TRI | Thomson Reuters | PairCorr |
| 0.77 | WTKWY | Wolters Kluwer NV | PairCorr |
| 0.77 | WOLTF | Wolters Kluwer NV | PairCorr |
| 0.73 | TLPFY | Teleperformance PK | PairCorr |
| 0.69 | TLPFF | Teleperformance SE | PairCorr |
| 0.36 | GPN | Global Payments | 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Relo Pink Sheet performing well and Relo 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 Relo'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CCVTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SGHIF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GYUAF | 1.14 | 0.51 | 0.00 | 1.43 | 0.00 | 0.00 | 38.19 | |||
| KMGIF | 0.38 | (0.02) | 0.00 | 0.03 | 0.00 | 0.00 | 23.95 | |||
| SWRBY | 0.79 | 0.14 | 0.02 | (0.52) | 0.99 | 2.95 | 8.81 | |||
| AUHEF | 0.07 | (0.04) | 0.00 | 1.28 | 0.00 | 0.00 | 2.31 | |||
| GROUF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SZIHF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GNGYF | 1.27 | (0.25) | 0.00 | (0.32) | 0.00 | 0.00 | 36.02 | |||
| ELALF | 2.50 | 0.61 | 0.06 | (0.47) | 2.89 | 9.44 | 40.02 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Relo 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?
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