UNIQA INSURANCE Correlations

Stocks . Germany . 
Stock . UNIQA INSURANCE GR
UN9 Stock   7.61  0.04  0.52%   
The current 90-days correlation between UNIQA INSURANCE GR and Apple Inc is -0.01 (i.e., Good diversification). The correlation of UNIQA INSURANCE 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.

UNIQA INSURANCE Correlation With Market

Significant diversification

The correlation between UNIQA INSURANCE GR and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UNIQA INSURANCE GR and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to UNIQA INSURANCE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace UNIQA INSURANCE 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 UNIQA INSURANCE - 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 UNIQA INSURANCE GR to buy it.

Moving against UNIQA Stock

  0.4WDC WESTERN DIGITALPairCorr
  0.37WDC WESTERN DIGITALPairCorr
  0.37WDC Western DigitalPairCorr
  0.36WDC WESTERN DIGITALPairCorr
  0.35WDC WESTERN DIGITALPairCorr
  0.31HYB HOYAPairCorr
  0.41WX1 Acadia Realty TrustPairCorr
  0.52CQD Charter CommunicationsPairCorr
  0.44FFH Fifth Third BancorpPairCorr
  0.44PNP PNC FinancialPairCorr
  0.343FNA ADRIATIC METALS LSPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between UNIQA Stock performing well and UNIQA INSURANCE 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 UNIQA INSURANCE'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 UNIQA INSURANCE 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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