REINET INVESTMENTS Correlations

RNT Stock

EUR 25.00 0.60 2.34%

The current 90-days correlation between REINET INVESTMENTS SCA and BANK HANDLOWY is 0.05 (i.e., Significant diversification). The correlation of REINET INVESTMENTS 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.

REINET INVESTMENTS Correlation With Market

Good diversification

The correlation between REINET INVESTMENTS SCA and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding REINET INVESTMENTS SCA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with REINET Stock

0.64	BBN1	Blackstone Group Earnings Call This Week	Pair Corr
0.64	A4S	Ameriprise Financial Earnings Call This Week	Pair Corr
0.81	ZYA	State Street	Pair Corr
0.77	6EQ	EQT AB	Pair Corr
0.63	TR1	T Rowe Price	Pair Corr
0.61	0QN	Ares Management Corp	Pair Corr
0.87	NT4	Northern Trust Earnings Call This Week	Pair Corr
0.65	SSU	Samsung Electronics	Pair Corr
0.73	2WGA	WOORI FIN GRP Earnings Call This Week	Pair Corr
0.69	PKX	POSCO Holdings	Pair Corr
0.65	5EE	MEBUKI FINANCIAL	Pair Corr
0.72	C6TB	CHINA BANK ADR20	Pair Corr
0.63	ICK	Industrial and Commercial	Pair Corr
0.66	ICKB	INDCOMMBK CHINA ADR20	Pair Corr
0.75	FA2	FORWARD AIR P	Pair Corr
0.77	HEI	Heidelberg Materials	Pair Corr
0.74	KGHA	KGHM Polska Miedz	Pair Corr
0.65	E908	Lyxor 1	Pair Corr

Moving against REINET Stock

0.62	TOMA	Toyota Motor	Pair Corr
0.6	DBPD	Xtrackers ShortDAX	Pair Corr

Related Correlations Analysis

	A4S	0QN	94P	2DG	IUI1	6HW	CZX	RS6	3RKU	VUSA
A4S		0.87	0.77	0.62	0.5	0.56	0.92	0.82	0.57	0.94	A4S
0QN	0.87		0.71	0.62	0.47	0.62	0.87	0.91	0.58	0.92	0QN
94P	0.77	0.71		0.29	0.11	0.68	0.7	0.81	0.66	0.79	94P
2DG	0.62	0.62	0.29		0.62	0.2	0.72	0.54	0.28	0.64	2DG
IUI1	0.5	0.47	0.11	0.62		0.28	0.52	0.22	-0.2	0.39	IUI1
6HW	0.56	0.62	0.68	0.2	0.28		0.5	0.59	0.31	0.57	6HW
CZX	0.92	0.87	0.7	0.72	0.52	0.5		0.81	0.58	0.92	CZX
RS6	0.82	0.91	0.81	0.54	0.22	0.59	0.81		0.75	0.93	RS6
3RKU	0.57	0.58	0.66	0.28	-0.2	0.31	0.58	0.75		0.71	3RKU
VUSA	0.94	0.92	0.79	0.64	0.39	0.57	0.92	0.93	0.71		VUSA
	A4S	0QN	94P	2DG	IUI1	6HW	CZX	RS6	3RKU	VUSA

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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

VUSA	+ 0.94	A4S
VUSA	+ 0.93	RS6
CZX	+ 0.92	A4S
VUSA	+ 0.92	0QN
VUSA	+ 0.92	CZX
RS6	+ 0.91	0QN

High negative correlations

3RKU

- 0.2

IUI1

Risk-Adjusted Indicators

There is a big difference between REINET Stock performing well and REINET INVESTMENTS 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 REINET INVESTMENTS'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
A4S	1.10	0.16	0.02	(13.83)	1.12	(1.30)	2.95	(1.82)	8.58
0QN	1.52	0.41	0.16	3.62	1.47	(1.72)	2.72	(2.91)	10.01
94P	1.26	0.14	0.02	0.55	1.45	(1.62)	3.01	(2.63)	10.45
2DG	3.52	0.36	0.08	0.51	3.07	(6.61)	9.68	(5.71)	20.87
IUI1	1.24	0.01	(0.05)	0.16	1.67	(1.33)	2.92	(2.21)	9.48
6HW	0.64	0.14	0.01	3.49	0.60	(1.27)	2.46	(1.79)	5.60
CZX	0.58	0.17	0.04	(7.17)	0.30	(0.97)	1.69	(0.58)	4.92
RS6	1.12	0.23	0.08	3.17	1.03	(1.26)	2.81	(1.99)	7.01
3RKU	1.73	0.55	0.19	(16.29)	1.62	(2.23)	4.11	(3.40)	11.00
VUSA	0.81	0.19	0.06	(144.91)	0.79	(0.93)	2.65	(1.30)	6.39

Be your own money manager

Our tools can tell you how much better you can do entering a position in REINET INVESTMENTS 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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