COMPASS GROUP Correlations
| XGR Stock | EUR 25.00 0.60 2.46% |
The current 90-days correlation between COMPASS GROUP and PT Bank Rakyat is -0.13 (i.e., Good diversification). The correlation of COMPASS GROUP 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.
COMPASS GROUP Correlation With Market
Excellent diversification
The correlation between COMPASS GROUP and DJI is -0.69 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding COMPASS GROUP and DJI in the same portfolio, assuming nothing else is changed.
COMPASS |
The ability to find closely correlated positions to COMPASS GROUP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace COMPASS GROUP 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 COMPASS GROUP - 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 COMPASS GROUP to buy it.
Moving together with COMPASS Stock
Moving against COMPASS Stock
| 0.82 | TCW | TOKYU STRUCTION | PairCorr |
| 0.82 | WWR | Woolworths Group Earnings Call This Week | PairCorr |
| 0.78 | 317A | STINGRAY GROUP INC | PairCorr |
| 0.74 | H3M | Hochschild Mining plc | PairCorr |
| 0.74 | CWW | Commonwealth Bank | PairCorr |
| 0.72 | 2G0 | Food Life Companies | PairCorr |
| 0.69 | GLDA | Amundi Physical Gold | PairCorr |
| 0.68 | DJDA | DIeteren Group SA | PairCorr |
| 0.67 | 6IC | Iridium Communications | PairCorr |
| 0.67 | LPK | LPKF Laser Electronics | PairCorr |
| 0.66 | 7GA | Gestamp Automoción Earnings Call This Week | PairCorr |
| 0.64 | ALV | Allianz SE Earnings Call This Week | PairCorr |
| 0.63 | BAOA | Bastogi SpA | PairCorr |
| 0.62 | NCO | Nedbank Group Limited | PairCorr |
| 0.6 | FTD | FINDE TUBIZE ACTNOUV | PairCorr |
| 0.58 | MSI | Mitsui Chemicals | PairCorr |
| 0.54 | 3YL | SMARTOPTICS GRP AS | PairCorr |
| 0.54 | O3I | FLOW TRADERS LTD | PairCorr |
| 0.53 | D4R | ROMIOS GOLD RES Split | PairCorr |
| 0.52 | EIS | Eisen und Httenwerke | PairCorr |
| 0.52 | T1A | Treasure ASA | PairCorr |
| 0.46 | T4W | Toro Energy | PairCorr |
| 0.42 | TCO2 | TESCO PLC ADR1 | PairCorr |
| 0.38 | TWA | TOWA | PairCorr |
| 0.84 | ENR | Siemens Energy AG | PairCorr |
| 0.83 | VVD | Veolia Environnement Earnings Call This Week | PairCorr |
| 0.82 | BAS | BASF SE Earnings Call This Week | PairCorr |
| 0.81 | WCE | CECO ENVIRONMENTAL Earnings Call This Week | PairCorr |
| 0.8 | ENI | Eni SpA Earnings Call This Week | PairCorr |
| 0.8 | 01H | HORIBA | PairCorr |
| 0.77 | NQG | Monolithic Power Systems | PairCorr |
| 0.77 | HZ8 | Insteel Industries | PairCorr |
| 0.76 | NPV | Nippon Carbon | PairCorr |
| 0.75 | SZG | Salzgitter AG | PairCorr |
| 0.73 | SM2 | Semtech | 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 COMPASS Stock performing well and COMPASS GROUP 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 COMPASS GROUP'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EJ7 | 8.70 | 1.80 | 0.00 | 0.42 | 0.00 | 50.00 | 106.67 | |||
| PJM | 7.43 | 1.13 | 0.08 | (0.49) | 8.44 | 20.00 | 50.58 | |||
| C6T | 1.84 | (0.01) | 0.00 | (0.81) | 0.00 | 2.44 | 26.06 | |||
| BYRA | 3.70 | 0.33 | 0.02 | (0.13) | 4.07 | 11.11 | 26.67 | |||
| NVDG | 2.03 | (0.06) | 0.00 | (0.18) | 0.00 | 4.18 | 12.01 | |||
| APC8 | 1.22 | (0.03) | 0.00 | 0.21 | 0.00 | 3.64 | 9.65 | |||
| IBNN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AMZ1 | 2.72 | (0.21) | 0.00 | (2.12) | 0.00 | 6.37 | 23.77 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in COMPASS GROUP 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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