Logwin AG Correlations
| TGHN Stock | EUR 284.00 2.00 0.71% |
The current 90-days correlation between Logwin AG and PT Jasa Marga is -0.13 (i.e., Good diversification). The correlation of Logwin AG 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.
Logwin AG Correlation With Market
Poor diversification
The correlation between Logwin AG and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Logwin AG and DJI in the same portfolio, assuming nothing else is changed.
Logwin |
The ability to find closely correlated positions to Logwin AG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Logwin AG 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 Logwin AG - 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 Logwin AG to buy it.
Moving together with Logwin Stock
| 0.8 | IUA | ASTRA GRAPHIA | PairCorr |
| 0.9 | 43C | CACTUS INC CLA | PairCorr |
| 0.87 | PPQ | PPG INDUSTRIES | PairCorr |
| 0.73 | ADH2 | Air Canada | PairCorr |
| 0.9 | TGE1 | MOBILEZONE N | PairCorr |
| 0.73 | LA3A | Laureate Education Earnings Call This Week | PairCorr |
| 0.87 | HIUC | China Taiping Insurance | PairCorr |
| 0.78 | ZNHH | China Southern Airlines | PairCorr |
| 0.8 | GPT | Genuine Parts Earnings Call This Week | PairCorr |
| 0.82 | G40 | GDS Holdings Limited | PairCorr |
| 0.82 | FV6 | EMMI N | PairCorr |
| 0.81 | BSI | BE Semiconductor Ind Earnings Call This Week | PairCorr |
| 0.88 | SKNB | Skanska AB | PairCorr |
| 0.89 | ELG | Elmos Semiconductor | PairCorr |
| 0.87 | HKT | HK Electric Investments | PairCorr |
| 0.68 | CVC1 | Carnival plc | PairCorr |
| 0.86 | CPA | Colgate Palmolive | PairCorr |
| 0.69 | LOR | LOral SA | PairCorr |
| 0.87 | 485B | Amcor PLC Split | PairCorr |
| 0.65 | 6VD | BD MULTI MEDIA Split | PairCorr |
Moving against Logwin Stock
| 0.85 | BNB | BAYAN RESOURCES | PairCorr |
| 0.79 | BNB | BAYAN RESOURCES | PairCorr |
| 0.68 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.49 | 777 | EUROSPORTS GLOBAL LTD | 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 Logwin Stock performing well and Logwin AG 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 Logwin AG'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BRH | 0.77 | (0.04) | 0.00 | 0.27 | 0.00 | 1.72 | 7.12 | |||
| KKS | 1.39 | (0.03) | (0.04) | 0.00 | 1.43 | 3.26 | 9.46 | |||
| 0ZQ | 3.61 | 0.61 | 0.15 | 0.42 | 3.74 | 7.60 | 24.32 | |||
| ROM | 1.71 | 0.27 | 0.10 | 1.61 | 1.88 | 3.96 | 13.31 | |||
| N9B | 1.62 | (0.23) | 0.00 | (0.58) | 0.00 | 4.13 | 14.66 | |||
| IDO1 | 5.45 | 0.46 | 0.03 | 2.37 | 8.48 | 12.57 | 73.61 | |||
| NVE | 1.37 | 0.03 | (0.01) | 0.23 | 1.62 | 3.25 | 7.12 | |||
| 0JM | 3.16 | 0.27 | 0.01 | (0.39) | 4.95 | 11.76 | 45.00 | |||
| TCID | 4.01 | 0.13 | 0.01 | 0.70 | 5.37 | 12.50 | 35.42 | |||
| HYB | 1.39 | 0.13 | 0.03 | (0.45) | 1.61 | 3.51 | 8.40 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Logwin AG 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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Logwin AG Corporate Executives
Elected by the shareholders, the Logwin AG's board of directors comprises two types of representatives: Logwin AG inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Logwin. The board's role is to monitor Logwin AG's management team and ensure that shareholders' interests are well served. Logwin AG'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, Logwin AG's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sebastian Esser | Deputy CFO | Profile |