Zambal Spain Correlations

YZBL Stock

EUR 0.94 0.01 1.05%

The current 90-days correlation between Zambal Spain Socimi and Metrovacesa SA is 0.06 (i.e., Significant diversification). The correlation of Zambal Spain 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.

Zambal Spain Correlation With Market

Good diversification

The correlation between Zambal Spain Socimi and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zambal Spain Socimi and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Zambal Stock

0.94	YTRA	Trajano Iberia Socimi	Pair Corr
0.9	YMEI	Mercal Inmuebles Socimi	Pair Corr
0.84	YHSP	Hispanotels Inversiones	Pair Corr
0.82	YGMP	GMP Property SOCIMI	Pair Corr
0.61	BKY	Berkeley Energia	Pair Corr
0.47	ARM	Arima Real Estate	Pair Corr
0.4	YMRE	Meridia Real Estate	Pair Corr

Related Correlations Analysis

	MVC	ENO	MAP	AMP	ATRY	CLNX	ITX	CASH	SLR
MVC		0.57	0.66	0.36	-0.48	-0.28	0.6	0.19	-0.36	MVC
ENO	0.57		0.89	0.6	-0.38	-0.64	0.58	-0.14	-0.79	ENO
MAP	0.66	0.89		0.74	-0.4	-0.6	0.72	0.07	-0.76	MAP
AMP	0.36	0.6	0.74		0.02	-0.4	0.65	0.22	-0.56	AMP
ATRY	-0.48	-0.38	-0.4	0.02		0.28	-0.14	0.19	0.32	ATRY
CLNX	-0.28	-0.64	-0.6	-0.4	0.28		-0.02	0.61	0.84	CLNX
ITX	0.6	0.58	0.72	0.65	-0.14	-0.02		0.64	-0.3	ITX
CASH	0.19	-0.14	0.07	0.22	0.19	0.61	0.64		0.39	CASH
SLR	-0.36	-0.79	-0.76	-0.56	0.32	0.84	-0.3	0.39		SLR
	MVC	ENO	MAP	AMP	ATRY	CLNX	ITX	CASH	SLR

Click cells to compare fundamentals

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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

MAP	+ 0.89	ENO
SLR	+ 0.84	CLNX
AMP	+ 0.74	MAP
ITX	+ 0.72	MAP
MAP	+ 0.66	MVC
ITX	+ 0.65	AMP

High negative correlations

SLR	- 0.79	ENO
SLR	- 0.76	MAP
CLNX	- 0.64	ENO
CLNX	- 0.6	MAP
SLR	- 0.56	AMP
ATRY	- 0.48	MVC

Risk-Adjusted Indicators

There is a big difference between Zambal Stock performing well and Zambal Spain 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 Zambal Spain'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
MVC	0.78	0.07	(0.04)	0.60	0.68	(1.09)	1.76	(1.39)	3.85
ENO	0.80	0.06	(0.06)	(1.21)	0.97	(0.86)	1.38	(1.72)	7.16
MAP	0.84	0.21	0.10	1.59	0.69	(1.10)	1.98	(1.58)	6.90
AMP	1.84	0.19	0.02	1.19	2.55	(4.27)	10.00	(8.33)	19.09
ATRY	1.37	(0.17)	0.00	(0.43)	0.00	0.00	3.74	(2.54)	8.76
CLNX	1.06	(0.13)	0.00	(1.11)	0.00	0.00	2.07	(2.44)	6.49
ITX	0.94	0.08	0.00	0.38	0.90	(1.09)	2.20	(1.69)	6.46
CASH	0.99	0.06	(0.04)	(0.14)	1.15	(2.23)	1.96	(1.89)	7.22
SLR	1.88	(0.37)	0.00	17.53	0.00	0.00	3.72	(3.63)	13.57

Be your own money manager

Our tools can tell you how much better you can do entering a position in Zambal Spain 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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