Crosswood Correlations

CROS Stock  EUR 10.80  0.10  0.93%   
The correlation of Crosswood 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.

Crosswood Correlation With Market

Good diversification

The correlation between Crosswood and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crosswood and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Crosswood could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Crosswood 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 Crosswood - 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 Crosswood to buy it.

Moving against Crosswood Stock

  0.39BUR Burelle SA Earnings Call This WeekPairCorr
  0.3674SW 74SW Earnings Call This WeekPairCorr
  0.34ORA Orange SAPairCorr
  0.34TRI Trigano SAPairCorr
  0.34ALVDM Voyageurs du MondePairCorr
  0.33VIV Vivendi SAPairCorr
  0.31ACA Credit Agricole SAPairCorr
  0.31VRLA VeralliaPairCorr
  0.31MLCFD Compagnie de CheminsPairCorr
  0.31INFE Compagnie IndustriellePairCorr
  0.39ALDNE DONTNOD EntertainmentPairCorr
  0.38ALINN Innelec MultimediaPairCorr
  0.35ALATA Atari SAPairCorr
  0.35LI Klepierre SAPairCorr
  0.33SAF Safran SAPairCorr
  0.33PUB Publicis Groupe SAPairCorr
  0.32RXL Rexel SAPairCorr
  0.31SWP Sword Group SEPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
ALSASCBOT
EFISPEL
COURALREA
EFIALREA
SPELALREA
CROSALREA
  
High negative correlations   
COURFIPP
EFICBOT
EFIALSAS
ALREACBOT
ALSASALREA
SPELCBOT

Risk-Adjusted Indicators

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

Did you try this?

Run Portfolio Diagnostics Now

   

Portfolio Diagnostics

Use generated alerts and portfolio events aggregator to diagnose current holdings
All  Next Launch Module