BriQ Properties Correlations
| BRIQ Stock | | | EUR 2.99 0.04 1.36% |
The current 90-days correlation between BriQ Properties Real and Hellenic Petroleum SA is -0.11 (i.e., Good diversification). The correlation of BriQ Properties 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. If the correlation is 0, the equities are not correlated; they are entirely random.
The ability to find closely correlated positions to BriQ Properties could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BriQ Properties 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 BriQ Properties - 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 BriQ Properties Real to buy it.
Moving together with BriQ Stock
Moving against BriQ Stock
Related Correlations Analysis
Risk-Adjusted IndicatorsThere is a big difference between BriQ Stock performing well and BriQ Properties 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 BriQ Properties' 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.
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