11880 Solutions Correlations

TGT Stock

EUR 0.77 0.01 1.32%

The current 90-days correlation between 11880 Solutions AG and CarsalesCom is 0.05 (i.e., Significant diversification). The correlation of 11880 Solutions 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.

11880 Solutions Correlation With Market

Significant diversification

The correlation between 11880 Solutions AG and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 11880 Solutions AG and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to 11880 Solutions could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 11880 Solutions 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 11880 Solutions - 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 11880 Solutions AG to buy it.

Moving against 11880 Stock

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0.68	NLV	Nippon Telegraph Earnings Call This Week	Pair Corr
0.6	TM5	T Mobile	Pair Corr
0.59	SOBA	ATT Inc	Pair Corr
0.58	DTE	Deutsche Telekom	Pair Corr
0.56	BAC	Verizon Communications	Pair Corr
0.56	DTE	Deutsche Telekom	Pair Corr
0.54	SOBA	ATT Inc	Pair Corr
0.48	DTEA	Deutsche Telekom	Pair Corr

Related Correlations Analysis

	WN6	93M1	J9T	0QN	CLH	MHG	UPH
WN6		0.32	0.42	-0.03	0.32	-0.21	0.52	WN6
93M1	0.32		0.32	-0.2	-0.19	0.0	-0.18	93M1
J9T	0.42	0.32		-0.63	-0.51	0.2	-0.08	J9T
0QN	-0.03	-0.2	-0.63		0.81	-0.35	0.5	0QN
CLH	0.32	-0.19	-0.51	0.81		-0.45	0.64	CLH
MHG	-0.21	0.0	0.2	-0.35	-0.45		-0.53	MHG
UPH	0.52	-0.18	-0.08	0.5	0.64	-0.53		UPH
	WN6	93M1	J9T	0QN	CLH	MHG	UPH

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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

CLH	+ 0.81	0QN
UPH	+ 0.64	CLH
UPH	+ 0.52	WN6
UPH	+ 0.5	0QN
J9T	+ 0.42	WN6
93M1	+ 0.32	WN6

High negative correlations

0QN	- 0.63	J9T
UPH	- 0.53	MHG
CLH	- 0.51	J9T
MHG	- 0.45	CLH
MHG	- 0.35	0QN
MHG	- 0.21	WN6

Risk-Adjusted Indicators

There is a big difference between 11880 Stock performing well and 11880 Solutions 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 11880 Solutions' 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
WN6	1.14	0.07	0.01	0.30	1.13	(1.56)	2.73	(2.34)	6.56
93M1	1.18	(0.04)	0.00	0.47	0.00	0.00	2.59	(3.23)	10.17
J9T	1.96	(0.20)	0.00	0.85	0.00	0.00	4.55	(4.35)	20.65
0QN	1.64	0.30	0.11	(1.76)	1.61	(1.97)	3.54	(3.29)	13.94
CLH	1.42	0.24	0.12	0.95	1.36	(1.83)	3.45	(2.58)	12.11
MHG	1.57	(0.12)	0.00	(0.15)	0.00	0.00	3.44	(3.78)	11.31
UPH	1.47	0.17	0.09	0.35	1.23	(2.26)	3.59	(2.73)	19.53

Be your own money manager

Our tools can tell you how much better you can do entering a position in 11880 Solutions 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.

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