CTP NV Correlations

3YZ Stock

EUR 18.10 0.08 0.44%

The current 90-days correlation between CTP NV EO and DEUTSCHE WOHNEN ADRS12 is 0.12 (i.e., Average diversification). The correlation of CTP NV 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.

CTP NV Correlation With Market

Significant diversification

The correlation between CTP NV EO and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CTP NV EO and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with CTP Stock

0.76	DWNP	DEUTSCHE WOHNEN ADRS12	Pair Corr
0.64	6FLA	SEAZEN GROUP LTD	Pair Corr
0.83	KBIA	KB Financial Group Earnings Call This Week	Pair Corr
0.85	2WGA	WOORI FIN GRP Earnings Call This Week	Pair Corr
0.76	HEI	Heidelberg Materials	Pair Corr
0.72	KGHA	KGHM Polska Miedz	Pair Corr
0.65	JOT	ELEKTROBIT	Pair Corr
0.69	E908	Lyxor 1	Pair Corr
0.63	DBPE	Xtrackers LevDAX	Pair Corr

Moving against CTP Stock

0.64	DBPD	Xtrackers ShortDAX	Pair Corr
0.38	2PR3	Pruksa Holding Public	Pair Corr

Related Correlations Analysis

	CHZ	DWNP	3YZ	6FLA	RDH	6CI	0RJ	2PR3	52J
CHZ		0.35	0.41	0.86	0.37	0.62	-0.17	-0.21	-0.2	CHZ
DWNP	0.35		0.76	0.56	0.39	0.29	-0.23	-0.44	-0.05	DWNP
3YZ	0.41	0.76		0.64	0.33	0.46	-0.26	-0.38	-0.11	3YZ
6FLA	0.86	0.56	0.64		0.35	0.6	-0.23	-0.51	-0.15	6FLA
RDH	0.37	0.39	0.33	0.35		0.16	0.16	-0.28	-0.12	RDH
6CI	0.62	0.29	0.46	0.6	0.16		-0.27	-0.03	-0.08	6CI
0RJ	-0.17	-0.23	-0.26	-0.23	0.16	-0.27		0.24	-0.11	0RJ
2PR3	-0.21	-0.44	-0.38	-0.51	-0.28	-0.03	0.24		-0.05	2PR3
52J	-0.2	-0.05	-0.11	-0.15	-0.12	-0.08	-0.11	-0.05		52J
	CHZ	DWNP	3YZ	6FLA	RDH	6CI	0RJ	2PR3	52J

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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

6FLA	+ 0.86	CHZ
3YZ	+ 0.76	DWNP
6FLA	+ 0.64	3YZ
6CI	+ 0.62	CHZ
6CI	+ 0.6	6FLA
6FLA	+ 0.56	DWNP

High negative correlations

2PR3	- 0.51	6FLA
2PR3	- 0.44	DWNP
2PR3	- 0.38	3YZ
2PR3	- 0.28	RDH
0RJ	- 0.27	6CI
0RJ	- 0.26	3YZ

Risk-Adjusted Indicators

There is a big difference between CTP Stock performing well and CTP NV 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 CTP NV'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
CHZ	1.50	0.17	0.00	(0.37)	1.72	(1.85)	3.25	(3.14)	7.58
DWNP	1.60	0.26	0.05	(5.76)	1.75	(2.09)	2.98	(2.65)	18.64
3YZ	1.15	0.27	0.09	13.37	1.16	(1.32)	2.24	(2.31)	6.16
6FLA	1.97	0.38	0.05	(1.30)	1.84	(5.35)	4.76	(4.55)	15.11
RDH	4.53	0.70	0.07	(0.72)	4.19	(9.94)	10.00	(8.33)	66.92
6CI	4.98	0.85	0.05	(0.49)	8.09	(6.55)	9.76	(7.50)	94.44
0RJ	4.48	0.71	0.00	2.54	0.00	0.00	0.00	0.00	83.33
2PR3	2.05	0.02	0.00	0.11	0.00	0.00	9.09	(8.33)	18.33
52J	50.40	23.81	0.44	(2.27)	21.24	(158.83)	66.67	(60.00)	804.42

Be your own money manager

Our tools can tell you how much better you can do entering a position in CTP NV 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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