Cinis Fertilizer Correlations
| CINIS Stock | 0.89 0.06 7.23% |
The current 90-days correlation between Cinis Fertilizer and Fasadgruppen Group AB is -0.06 (i.e., Good diversification). The correlation of Cinis Fertilizer 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.
Cinis Fertilizer Correlation With Market
Significant diversification
The correlation between Cinis Fertilizer AB and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cinis Fertilizer AB and DJI in the same portfolio, assuming nothing else is changed.
Cinis |
The ability to find closely correlated positions to Cinis Fertilizer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cinis Fertilizer 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 Cinis Fertilizer - 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 Cinis Fertilizer AB to buy it.
Moving against Cinis Stock
| 0.82 | CATE | Catena AB | PairCorr |
| 0.81 | SHOT | Scandic Hotels Group | PairCorr |
| 0.81 | SVED-B | Svedbergs i Dalstorp | PairCorr |
| 0.79 | INDU-A | Industrivarden AB ser | PairCorr |
| 0.78 | INDU-C | Industrivarden AB ser | PairCorr |
| 0.78 | BUFAB | Bufab Holding AB Split | PairCorr |
| 0.74 | COOR | COOR Service Management | PairCorr |
| 0.7 | NTEK-B | Novotek AB | PairCorr |
| 0.7 | 8TRA | Traton SE Earnings Call This Week | PairCorr |
| 0.68 | LUG | Lundin Gold | PairCorr |
| 0.68 | SINT | SinterCast AB | PairCorr |
| 0.68 | MCAP | MedCap AB Earnings Call This Week | PairCorr |
| 0.63 | AJA-B | Byggmstare Anders | PairCorr |
| 0.61 | ACCON | Acconeer AB | PairCorr |
| 0.58 | MANG | Mangold Fondkommission | PairCorr |
| 0.55 | ALM-PREF | ALM Equity AB | PairCorr |
| 0.48 | IMMU | Mendus AB | PairCorr |
| 0.46 | QLINEA | Q linea AB Split | PairCorr |
| 0.9 | BIOT | Biotage AB | PairCorr |
| 0.84 | SWED-A | Swedbank AB | PairCorr |
| 0.82 | RATO-A | Ratos AB | PairCorr |
| 0.82 | SKF-A | AB SKF | PairCorr |
| 0.81 | RATO-B | Ratos AB | PairCorr |
| 0.79 | ASKER | Asker Healthcare Earnings Call This Week | PairCorr |
| 0.73 | ASSA-B | ASSA ABLOY AB | PairCorr |
| 0.72 | BINV | BioInvent International | PairCorr |
| 0.71 | FG | Fasadgruppen Group | PairCorr |
| 0.71 | VOLO-PREF | Volati AB | PairCorr |
| 0.68 | EPI-B | Epiroc AB | PairCorr |
| 0.66 | PCAT | Photocat AS | PairCorr |
| 0.63 | RESURS | Resurs Holding AB | PairCorr |
| 0.62 | UTG | Unlimited Travel | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Cinis Stock performing well and Cinis Fertilizer 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 Cinis Fertilizer'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CINIS | 7.07 | (2.09) | 0.00 | (2.17) | 0.00 | 13.64 | 48.67 | |||
| SVED-B | 1.37 | 0.36 | 0.14 | (5.06) | 1.22 | 4.40 | 8.63 | |||
| RATO-A | 1.55 | 0.33 | 0.10 | (2.10) | 1.39 | 4.99 | 12.62 | |||
| S2M | 5.97 | 0.71 | 0.10 | 0.63 | 7.02 | 16.52 | 60.48 | |||
| FG | 2.71 | 0.82 | 0.30 | 1.64 | 1.98 | 6.13 | 24.72 | |||
| SDIP-PREF | 0.93 | 0.30 | 0.18 | 2.42 | 0.61 | 1.56 | 17.64 | |||
| RESURS | 1.61 | 0.28 | 0.05 | (0.74) | 1.71 | 4.06 | 11.55 | |||
| UTG | 1.05 | 0.19 | 0.05 | 3.75 | 1.04 | 2.06 | 7.08 | |||
| VBG-B | 1.58 | 0.11 | 0.03 | 0.31 | 2.17 | 3.75 | 12.16 | |||
| ASKER | 1.90 | 0.19 | 0.01 | 5.15 | 3.96 | 3.97 | 15.47 |
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