PARK24 CO Correlations

5FJ Stock

EUR 10.60 0.10 0.93%

The current 90-days correlation between PARK24 LTD and REINET INVESTMENTS SCA is 0.19 (i.e., Average diversification). The correlation of PARK24 CO 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.

PARK24 CO Correlation With Market

Weak diversification

The correlation between PARK24 LTD and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PARK24 LTD and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to PARK24 CO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PARK24 CO 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 PARK24 CO - 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 PARK24 LTD to buy it.

Moving together with PARK24 Stock

0.91

3WN

PARK24 SPONS ADR1

Pair Corr

Moving against PARK24 Stock

0.55	2WGA	WOORI FIN GRP	Pair Corr
0.45	KBIA	KB Financial Group	Pair Corr
0.38	53L	Transcontinental	Pair Corr
0.36	CIT	Cintas	Pair Corr
0.35	7EL	Elis SA	Pair Corr
0.71	XV7	SERESCO 16	Pair Corr
0.65	CMR	COSMOSTEEL HLDGS	Pair Corr
0.58	32P	PPHE HOTEL GROUP	Pair Corr
0.57	5CV	CureVac NV	Pair Corr
0.51	GZFB	ENGIE ADR1 EO	Pair Corr
0.46	UUEC	UNITED UTILITIES	Pair Corr
0.46	FV6	EMMI N	Pair Corr
0.36	IPHB	Impala Platinum Holdings	Pair Corr
0.72	4RE	Renta 4 Banco	Pair Corr
0.48	DHG	Dalata Hotel Group	Pair Corr
0.47	V71	HUT 8 P	Pair Corr
0.43	DHG	DALATA HOTEL	Pair Corr

Related Correlations Analysis

	RNT	WCLA	HP3A	9B7	CDE	CUG	T1I	1G3
RNT		0.44	-0.11	0.79	0.61	0.05	0.84	0.87	RNT
WCLA	0.44		0.1	0.48	0.3	-0.16	0.39	0.5	WCLA
HP3A	-0.11	0.1		-0.27	0.24	-0.14	-0.13	-0.23	HP3A
9B7	0.79	0.48	-0.27		0.41	0.04	0.74	0.86	9B7
CDE	0.61	0.3	0.24	0.41		0.1	0.69	0.48	CDE
CUG	0.05	-0.16	-0.14	0.04	0.1		-0.02	0.05	CUG
T1I	0.84	0.39	-0.13	0.74	0.69	-0.02		0.79	T1I
1G3	0.87	0.5	-0.23	0.86	0.48	0.05	0.79		1G3
	RNT	WCLA	HP3A	9B7	CDE	CUG	T1I	1G3

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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

1G3	+ 0.87	RNT
1G3	+ 0.86	9B7
T1I	+ 0.84	RNT
9B7	+ 0.79	RNT
1G3	+ 0.79	T1I
T1I	+ 0.74	9B7

High negative correlations

9B7	- 0.27	HP3A
1G3	- 0.23	HP3A
CUG	- 0.16	WCLA
CUG	- 0.14	HP3A
T1I	- 0.13	HP3A
HP3A	- 0.11	RNT

Risk-Adjusted Indicators

There is a big difference between PARK24 Stock performing well and PARK24 CO 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 PARK24 CO'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
RNT	1.77	(0.02)	0.00	0.15	0.00	0.00	5.56	(4.39)	13.10
WCLA	2.39	0.01	(0.02)	(0.03)	2.94	(3.05)	5.91	(4.62)	15.76
HP3A	2.03	(0.13)	0.00	0.44	0.00	0.00	4.15	(5.03)	11.47
9B7	1.28	0.04	(0.02)	(0.08)	1.39	(2.14)	4.03	(2.46)	9.49
CDE	1.39	0.06	(0.01)	(0.28)	1.73	(2.15)	4.14	(2.62)	11.67
CUG	0.75	0.36	0.00	3.87	0.00	0.00	0.00	0.00	0.00
T1I	1.57	(0.01)	0.00	0.14	0.00	0.00	3.59	(3.55)	11.01
1G3	1.55	0.07	0.01	0.55	2.00	(1.64)	3.17	(2.71)	12.11

Be your own money manager

Our tools can tell you how much better you can do entering a position in PARK24 CO 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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