YouGov Plc Correlations

YUGVF Stock  USD 3.40  0.00  0.00%   
The correlation of YouGov Plc 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.

YouGov Plc Correlation With Market

Modest diversification

The correlation between YouGov plc and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding YouGov plc and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to YouGov Plc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace YouGov Plc 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 YouGov Plc - 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 YouGov plc to buy it.

Moving together with YouGov Pink Sheet

  0.73JCDXF JCDecaux SAPairCorr

Moving against YouGov Pink Sheet

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  0.39PUBGY Publicis Groupe SAPairCorr
  0.93IDN Intellicheck MobilisaPairCorr
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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

STGYFCGECF
BORUFPCOFF
SCPPFIMXCF
BORUFCGECF
SCPPFPCOFF
PTMEYCGECF
  

High negative correlations

STRYFSPIDY
SCPPFSTGYF
SCPPFCGECF
STGYFPCOFF
IMXCFCGECF
PTMEYSCPPF

Risk-Adjusted Indicators

There is a big difference between YouGov Pink Sheet performing well and YouGov Plc 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 YouGov Plc'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
PCOFF  1.13 (0.20) 0.00  0.52  0.00 
 0.00 
 60.58 
SPIDY  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
STRYF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
NXFNF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
CGECF  0.88  0.05 (0.01)(0.47) 1.66 
 1.86 
 9.94 
IMXCF  0.18 (0.01) 0.00 (0.07) 0.00 
 0.00 
 8.64 
STGYF  1.16  0.50  0.00  0.95  0.00 
 2.45 
 25.24 
BORUF  2.78  0.01  0.00  0.07  0.00 
 5.79 
 29.27 
SCPPF  3.54 (0.23) 0.00 (0.09) 0.00 
 8.70 
 25.82 
PTMEY  1.49  0.72  0.00 (0.82) 0.00 
 0.85 
 42.73 

Be your own money manager

Our tools can tell you how much better you can do entering a position in YouGov Plc 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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YouGov Plc Corporate Management

Andreas SperlingHead AffiliatesProfile
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