City Of Correlations

CLN Stock

EUR 5.67 0.07 1.25%

The current 90-days correlation between The City and Dairy Farm International is 0.5 (i.e., Very weak diversification). The correlation of City Of 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.

City Of Correlation With Market

Good diversification

The correlation between The City of and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The City of and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with City Stock

0.79	MSF	Microsoft	Pair Corr
0.79	MSF	Microsoft	Pair Corr
0.78	MSF	Microsoft	Pair Corr
0.78	MSF	Microsoft	Pair Corr
0.91	E908	Lyxor 1	Pair Corr
0.87	DBPE	Xtrackers LevDAX	Pair Corr

Moving against City Stock

0.91

DBPD

Xtrackers ShortDAX

Pair Corr

Related Correlations Analysis

	HL80	4D7	TCW	ZNHH	DFA1	OYC	RY4D	AIL
HL80		-0.04	0.89	0.78	0.77	0.77	0.83	0.61	HL80
4D7	-0.04		-0.15	0.09	0.33	0.38	0.2	0.53	4D7
TCW	0.89	-0.15		0.73	0.6	0.6	0.84	0.53	TCW
ZNHH	0.78	0.09	0.73		0.6	0.71	0.83	0.58	ZNHH
DFA1	0.77	0.33	0.6	0.6		0.86	0.79	0.81	DFA1
OYC	0.77	0.38	0.6	0.71	0.86		0.81	0.78	OYC
RY4D	0.83	0.2	0.84	0.83	0.79	0.81		0.79	RY4D
AIL	0.61	0.53	0.53	0.58	0.81	0.78	0.79		AIL
	HL80	4D7	TCW	ZNHH	DFA1	OYC	RY4D	AIL

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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

TCW	+ 0.89	HL80
OYC	+ 0.86	DFA1
RY4D	+ 0.84	TCW
RY4D	+ 0.83	HL80
RY4D	+ 0.83	ZNHH
AIL	+ 0.81	DFA1

High negative correlations

TCW	- 0.15	4D7
4D7	- 0.04	HL80

Risk-Adjusted Indicators

There is a big difference between City Stock performing well and City Of 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 City Of'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
HL80	2.11	0.31	0.06	0.84	3.38	(2.41)	4.58	(3.75)	15.07
4D7	0.98	(0.06)	0.00	(0.33)	0.00	0.00	1.62	(2.15)	8.64
TCW	1.54	0.28	0.09	1.29	1.84	(1.68)	3.11	(2.63)	9.69
ZNHH	1.85	(0.01)	(0.02)	0.08	2.37	(2.95)	2.86	(2.78)	10.32
DFA1	2.45	0.28	0.05	(0.78)	2.41	(3.36)	6.03	(4.67)	18.21
OYC	2.72	0.23	0.02	(0.36)	3.22	(3.08)	5.92	(5.38)	24.39
RY4D	1.48	0.28	0.13	0.66	1.39	(1.97)	3.85	(2.80)	10.57
AIL	0.93	(0.03)	(0.07)	0.01	1.34	(0.89)	1.89	(2.70)	6.02

Be your own money manager

Our tools can tell you how much better you can do entering a position in City Of 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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City Of Corporate Management

Elected by the shareholders, the City Of's board of directors comprises two types of representatives: City Of inside directors who are chosen from within the company, and outside directors, selected externally and held independent of City. The board's role is to monitor City Of's management team and ensure that shareholders' interests are well served. City Of's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, City Of's outside directors are responsible for providing unbiased perspectives on the board's policies.

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