REVO INSURANCE Correlations

H0O Stock

14.92 0.26 1.77%

The current 90-days correlation between REVO INSURANCE SPA and The Travelers Companies is 0.13 (i.e., Average diversification). The correlation of REVO INSURANCE 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.

REVO INSURANCE Correlation With Market

Average diversification

The correlation between REVO INSURANCE SPA and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding REVO INSURANCE SPA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with REVO Stock

0.65	GMZ	Ally Financial	Pair Corr
0.84	1E4	E4U as	Pair Corr
0.77	1XV	Axway Software SA Earnings Call This Week	Pair Corr
0.64	TT6	TETRA TECH	Pair Corr
0.7	VODI	VODAFONE GROUP	Pair Corr
0.67	SRM	Seabridge Gold	Pair Corr
0.73	KLU1	Kaiser Aluminum Earnings Call This Week	Pair Corr
0.74	CTH	COSCO SHIPPING Ports	Pair Corr
0.62	VWSB	Vestas Wind Systems	Pair Corr
0.63	WSV2	Vienna Insurance	Pair Corr
0.85	UN9	UNIQA INSURANCE GR	Pair Corr
0.66	7JZ	ARDAGH METAL PACDL Earnings Call This Week	Pair Corr
0.73	42W	Weir Group	Pair Corr
0.78	WDC	WESTERN DIGITAL	Pair Corr
0.61	PO6	Penta Ocean Construc	Pair Corr
0.67	M0G	FIREWEED METALS P Earnings Call Tomorrow	Pair Corr

Moving against REVO Stock

0.59	606	AKER CARBCAPTAS NK	Pair Corr
0.4	13X	Xinyi Solar Holdings	Pair Corr
0.32	APC	Apple Inc	Pair Corr
0.61	DBPD	Xtrackers ShortDAX	Pair Corr

Related Correlations Analysis

	PA9	ALV	HEI	MUM	FA2	VOL4	SEBC	1W3	9R9	CHH
PA9		0.52	-0.33	0.57	-0.54	0.52	0.25	0.19	0.66	0.43	PA9
ALV	0.52		0.14	0.63	-0.17	0.47	0.34	0.07	0.35	0.35	ALV
HEI	-0.33	0.14		0.28	0.88	0.26	0.55	0.54	-0.09	0.25	HEI
MUM	0.57	0.63	0.28		0.14	0.53	0.73	0.53	0.45	0.69	MUM
FA2	-0.54	-0.17	0.88	0.14		-0.04	0.47	0.51	-0.24	0.15	FA2
VOL4	0.52	0.47	0.26	0.53	-0.04		0.46	0.35	0.48	0.38	VOL4
SEBC	0.25	0.34	0.55	0.73	0.47	0.46		0.73	0.48	0.52	SEBC
1W3	0.19	0.07	0.54	0.53	0.51	0.35	0.73		0.38	0.27	1W3
9R9	0.66	0.35	-0.09	0.45	-0.24	0.48	0.48	0.38		0.27	9R9
CHH	0.43	0.35	0.25	0.69	0.15	0.38	0.52	0.27	0.27		CHH
	PA9	ALV	HEI	MUM	FA2	VOL4	SEBC	1W3	9R9	CHH

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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

FA2	+ 0.88	HEI
SEBC	+ 0.73	MUM
1W3	+ 0.73	SEBC
CHH	+ 0.69	MUM
9R9	+ 0.66	PA9
MUM	+ 0.63	ALV

High negative correlations

FA2	- 0.54	PA9
HEI	- 0.33	PA9
9R9	- 0.24	FA2
FA2	- 0.17	ALV
9R9	- 0.09	HEI
VOL4	- 0.04	FA2

Risk-Adjusted Indicators

There is a big difference between REVO Stock performing well and REVO INSURANCE 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 REVO INSURANCE'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
PA9	1.15	0.11	(0.05)	(0.11)	1.37	(1.21)	2.34	(2.20)	10.58
ALV	0.83	0.08	(0.06)	(0.62)	1.05	(0.84)	1.68	(1.62)	5.21
HEI	1.50	0.31	0.10	(4.63)	1.37	(1.57)	3.41	(2.75)	9.36
MUM	1.12	0.19	0.07	1.50	0.97	(1.46)	2.81	(1.96)	6.84
FA2	3.11	1.11	0.30	(1.22)	2.10	(4.62)	8.45	(4.00)	26.80
VOL4	1.42	(0.03)	(0.05)	0.05	1.75	(1.76)	4.20	(3.23)	9.22
SEBC	1.17	0.19	0.01	(0.50)	1.48	(1.25)	2.57	(2.38)	8.78
1W3	1.05	0.21	0.05	(2.34)	1.03	(1.33)	2.48	(1.94)	7.64
9R9	10.07	0.85	0.05	(1.18)	10.23	(13.46)	25.48	(17.87)	65.56
CHH	1.53	0.17	0.01	(1.10)	1.67	(1.96)	4.26	(3.58)	9.55

Be your own money manager

Our tools can tell you how much better you can do entering a position in REVO INSURANCE 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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