Teract SA Correlations

TRACT Stock

3.12 0.30 8.77%

The current 90-days correlation between Teract SA and SRP Groupe SA is 0.01 (i.e., Significant diversification). The correlation of Teract SA 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.

Teract SA Correlation With Market

Poor diversification

The correlation between Teract SA and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Teract SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Teract Stock

0.77	BNP	BNP Paribas SA	Pair Corr
0.72	KOF	Kaufman Et Broad	Pair Corr
0.86	ORA	Orange SA Earnings Call This Week	Pair Corr
0.79	ALAVI	AdVini SA	Pair Corr
0.87	JCQ	Jacquet Metal Service	Pair Corr
0.93	ALRIB	Riber SA	Pair Corr
0.62	CEN	Groupe CRIT SA	Pair Corr
0.93	GDS	Ramsay Generale De	Pair Corr
0.76	ALMOU	Moulinvest	Pair Corr
0.65	EXPL	EPC Groupe	Pair Corr
0.66	ALMDT	Mediantechn	Pair Corr
0.87	IVA	Inventiva SA	Pair Corr
0.8	DEC	JC Decaux SA	Pair Corr
0.61	ERA	Eramet SA Earnings Call This Week	Pair Corr
0.68	NEX	Nexans SA Earnings Call This Week	Pair Corr
0.74	SRP	SRP Groupe SA	Pair Corr
0.74	VIL	VIEL Cie socit	Pair Corr
0.74	ALDUB	Encres Dubuit SA	Pair Corr

Moving against Teract Stock

0.36

ALMET

Methanor

Pair Corr

Related Correlations Analysis

	SRP	ALATI	ALHRS	ABEO	MDM	ALHPI	ALMRB	ALDAR	PVL	ALEMV
SRP		0.55	-0.66	0.33	-0.86	-0.81	-0.28	-0.35	0.9	0.54	SRP
ALATI	0.55		-0.25	0.07	-0.79	-0.25	-0.21	-0.17	0.61	0.63	ALATI
ALHRS	-0.66	-0.25		-0.51	0.62	0.89	0.71	0.74	-0.73	-0.34	ALHRS
ABEO	0.33	0.07	-0.51		-0.33	-0.58	-0.13	-0.16	0.44	0.01	ABEO
MDM	-0.86	-0.79	0.62	-0.33		0.67	0.41	0.48	-0.86	-0.7	MDM
ALHPI	-0.81	-0.25	0.89	-0.58	0.67		0.53	0.58	-0.85	-0.39	ALHPI
ALMRB	-0.28	-0.21	0.71	-0.13	0.41	0.53		0.85	-0.41	-0.36	ALMRB
ALDAR	-0.35	-0.17	0.74	-0.16	0.48	0.58	0.85		-0.37	-0.36	ALDAR
PVL	0.9	0.61	-0.73	0.44	-0.86	-0.85	-0.41	-0.37		0.64	PVL
ALEMV	0.54	0.63	-0.34	0.01	-0.7	-0.39	-0.36	-0.36	0.64		ALEMV
	SRP	ALATI	ALHRS	ABEO	MDM	ALHPI	ALMRB	ALDAR	PVL	ALEMV

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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

PVL	+ 0.9	SRP
ALHPI	+ 0.89	ALHRS
ALDAR	+ 0.85	ALMRB
ALDAR	+ 0.74	ALHRS
ALMRB	+ 0.71	ALHRS
ALHPI	+ 0.67	MDM

High negative correlations

PVL	- 0.86	MDM
MDM	- 0.86	SRP
PVL	- 0.85	ALHPI
ALHPI	- 0.81	SRP
MDM	- 0.79	ALATI
PVL	- 0.73	ALHRS

Risk-Adjusted Indicators

There is a big difference between Teract Stock performing well and Teract SA 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 Teract SA'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
SRP	3.17	0.83	0.21	(2.44)	2.25	(5.79)	10.26	(4.65)	21.17
ALATI	1.23	0.11	0.02	(0.34)	1.36	(1.41)	3.30	(2.36)	7.44
ALHRS	2.29	(0.86)	0.00	3.53	0.00	0.00	6.29	(6.32)	17.01
ABEO	1.07	0.07	(0.02)	(0.08)	1.25	(1.40)	2.58	(1.97)	10.01
MDM	1.72	(0.48)	0.00	(0.49)	0.00	0.00	3.26	(4.19)	11.55
ALHPI	2.41	(0.48)	0.00	0.62	0.00	0.00	4.08	(4.84)	12.67
ALMRB	1.42	(0.31)	0.00	0.70	0.00	0.00	3.13	(3.42)	10.23
ALDAR	1.78	(0.52)	0.00	5.12	0.00	0.00	4.94	(4.69)	14.06
PVL	2.48	0.67	0.18	(21.60)	2.47	(3.12)	9.23	(4.60)	22.70
ALEMV	1.90	0.20	0.06	0.64	1.75	(3.92)	3.64	(3.45)	30.30

Be your own money manager

Our tools can tell you how much better you can do entering a position in Teract SA 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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