RTL Group Correlations

RRTL Stock

24.10 0.10 0.42%

The current 90-days correlation between RTL Group SA and WIZZ AIR HLDGUNSPADR4 is -0.07 (i.e., Good diversification). The correlation of RTL Group 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.

RTL Group Correlation With Market

Significant diversification

The correlation between RTL Group SA and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RTL Group SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with RTL Stock

0.91	VVU	Vivendi SE	Pair Corr
0.95	RRTU	RTL GROUP UNSPADR	Pair Corr
0.86	PSM	Prosiebensat 1 Media	Pair Corr
0.68	BYRA	PT Bank Rakyat	Pair Corr
0.69	PQ9	PT Bank Mandiri	Pair Corr
0.74	PTI	Perusahaan Perseroan	Pair Corr
0.69	TCID	Telkom Indonesia Tbk	Pair Corr

Moving against RTL Stock

0.86	FO5B	FOX P B	Pair Corr
0.85	NC0	News	Pair Corr
0.45	KBIA	KB Financial Group	Pair Corr

Related Correlations Analysis

	WI20	NWJ	90AA	FOJ1	8A2	FA2	WB2	TF7A
WI20		-0.4	0.0	0.35	0.53	0.12	0.53	-0.04	WI20
NWJ	-0.4		0.0	-0.1	-0.32	-0.15	-0.4	-0.02	NWJ
90AA	0.0	0.0		0.0	0.0	0.0	0.0	0.0	90AA
FOJ1	0.35	-0.1	0.0		0.76	0.72	0.78	-0.22	FOJ1
8A2	0.53	-0.32	0.0	0.76		0.61	0.94	0.09	8A2
FA2	0.12	-0.15	0.0	0.72	0.61		0.68	-0.25	FA2
WB2	0.53	-0.4	0.0	0.78	0.94	0.68		0.12	WB2
TF7A	-0.04	-0.02	0.0	-0.22	0.09	-0.25	0.12		TF7A
	WI20	NWJ	90AA	FOJ1	8A2	FA2	WB2	TF7A

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

WB2	+ 0.94	8A2
WB2	+ 0.78	FOJ1
8A2	+ 0.76	FOJ1
FA2	+ 0.72	FOJ1
WB2	+ 0.68	FA2
FA2	+ 0.61	8A2

High negative correlations

WB2	- 0.4	NWJ
NWJ	- 0.4	WI20
8A2	- 0.32	NWJ
TF7A	- 0.25	FA2
TF7A	- 0.22	FOJ1
FA2	- 0.15	NWJ

Risk-Adjusted Indicators

There is a big difference between RTL Stock performing well and RTL Group 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 RTL Group'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
WI20	2.59	0.13	(0.01)	(0.32)	2.73	(3.39)	7.14	(5.41)	18.74
NWJ	0.80	0.06	(0.06)	(0.10)	1.05	(1.14)	1.71	(1.69)	5.84
90AA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FOJ1	1.00	0.11	0.00	(34.58)	1.32	(1.26)	1.87	(1.82)	8.87
8A2	1.29	0.25	0.12	0.46	1.36	(1.68)	3.64	(2.54)	12.50
FA2	2.88	(0.03)	0.05	0.11	3.13	(3.47)	5.19	(4.94)	30.84
WB2	1.04	0.33	0.30	1.10	0.52	(1.41)	2.57	(1.20)	9.23
TF7A	1.49	0.15	(0.01)	(0.24)	1.49	(1.86)	3.97	(2.48)	8.38

Be your own money manager

Our tools can tell you how much better you can do entering a position in RTL Group 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 Global Correlations Now

Global Correlations

Find global opportunities by holding instruments from different markets

All Next

Launch Module

RTL Group Corporate Management

Elected by the shareholders, the RTL Group's board of directors comprises two types of representatives: RTL Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of RTL. The board's role is to monitor RTL Group's management team and ensure that shareholders' interests are well served. RTL Group's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, RTL Group's outside directors are responsible for providing unbiased perspectives on the board's policies.

Francesco Costadura	Ex HR	Profile
Eduardo Zulueta	Managing Mabuat	Profile
Bjrn Bauer	Chief Officer	Profile
Vincent Dorlodot	G Counsel	Profile
Andrew Buckhurst	VP Relations	Profile
General Heggen	COO CEO	Profile
Ursula Schmidt	Ex Compliance	Profile

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

2024 Macroaxis LLC