COMPUTER MODELLING Correlations

Stocks . Germany . 
Stock . COMPUTER MODELLING
5TJ Stock  EUR 3.80  0.00  0.00%   
The current 90-days correlation between COMPUTER MODELLING and British American Tobacco is -0.02 (i.e., Good diversification). The correlation of COMPUTER MODELLING 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.

COMPUTER MODELLING Correlation With Market

Good diversification

The correlation between COMPUTER MODELLING 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 COMPUTER MODELLING and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to COMPUTER MODELLING could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace COMPUTER MODELLING 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 COMPUTER MODELLING - 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 COMPUTER MODELLING to buy it.

Moving together with COMPUTER Stock

  0.64MSF MicrosoftPairCorr
  0.64MSF MicrosoftPairCorr
  0.64MSF MicrosoftPairCorr
  0.65MSF MicrosoftPairCorr
  0.64MSF MicrosoftPairCorr
  0.63AMZ Amazon IncPairCorr
  0.82SSU Samsung ElectronicsPairCorr
  0.79SSUN Samsung ElectronicsPairCorr
  0.77SSU Samsung ElectronicsPairCorr
  0.81SSUN Samsung ElectronicsPairCorr

Moving against COMPUTER Stock

  0.43BYRA BANK RAKYAT IND Earnings Call This WeekPairCorr
  0.39APC Apple IncPairCorr
  0.38PQ9 PT Bank MandiriPairCorr
  0.36APC Apple IncPairCorr
  0.35DBPD Xtrackers ShortDAXPairCorr
  0.34APC Apple IncPairCorr
  0.31APC Apple IncPairCorr

Related Correlations Analysis

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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   
CE1
+ 0.73
2DG
TOW
+ 0.68
BMT
TOW
+ 0.54
2DG
TOW
+ 0.53
CE1
CE1
+ 0.34
BMT
2DG
+ 0.33
BMT
  
High negative correlations   
8ZI
- 0.66
BMT
TOW
- 0.62
ITB
TOW
- 0.49
8ZI
CE1
- 0.41
ITB
ITB
- 0.37
2DG
CE1
- 0.25
8ZI

Risk-Adjusted Indicators

There is a big difference between COMPUTER Stock performing well and COMPUTER MODELLING 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 COMPUTER MODELLING'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in COMPUTER MODELLING 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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