TAMBANG BATUBARA-B- Correlations

Stocks . Germany . 
Stock . TAMBANG BATUBARA B
TBA Stock  EUR 0.18  0.00  0.00%   
The current 90-days correlation between TAMBANG BATUBARA-B- and Apple Inc is 0.1 (i.e., Average diversification). The correlation of TAMBANG BATUBARA-B- 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.

TAMBANG BATUBARA-B- Correlation With Market

Very weak diversification

The correlation between TAMBANG BATUBARA B and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TAMBANG BATUBARA B and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to TAMBANG BATUBARA-B- could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TAMBANG BATUBARA-B- 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 TAMBANG BATUBARA-B- - 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 TAMBANG BATUBARA B to buy it.

Moving together with TAMBANG Stock

  0.69APC Apple IncPairCorr
  0.71APC Apple IncPairCorr
  0.72APC Apple IncPairCorr
  0.71APC Apple IncPairCorr
  0.65MSF MicrosoftPairCorr
  0.62MSF MicrosoftPairCorr
  0.65MSF MicrosoftPairCorr
  0.65MSF MicrosoftPairCorr
  0.65MSF MicrosoftPairCorr
  0.77AMZ Amazon IncPairCorr
  0.6327J Impinj IncPairCorr
  0.6127J Impinj IncPairCorr
  0.71ADH2 Air CanadaPairCorr
  0.62DBPE Xtrackers LevDAXPairCorr

Moving against TAMBANG Stock

  0.87CXT Carmat SAPairCorr
  0.65DBPD Xtrackers ShortDAXPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between TAMBANG Stock performing well and TAMBANG BATUBARA-B- 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 TAMBANG BATUBARA-B-'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 TAMBANG BATUBARA-B- 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 Portfolio Volatility Now

   

Portfolio Volatility

Check portfolio volatility and analyze historical return density to properly model market risk
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
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY