ROSENBAUER INTERNAT Correlations

ROI Stock

EUR 48.30 1.10 2.33%

The current 90-days correlation between ROSENBAUER INTERNAT and MOUNT GIBSON IRON is -0.26 (i.e., Very good diversification). The correlation of ROSENBAUER INTERNAT 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.

ROSENBAUER INTERNAT Correlation With Market

Good diversification

The correlation between ROSENBAUER INTERNAT and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ROSENBAUER INTERNAT and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with ROSENBAUER Stock

0.69	MSF	Microsoft	Pair Corr
0.69	MSF	Microsoft	Pair Corr
0.69	MSF	Microsoft	Pair Corr
0.69	MSF	Microsoft	Pair Corr
0.69	MSF	Microsoft	Pair Corr
0.68	AMZ	Amazon Inc	Pair Corr
0.78	SSU	Samsung Electronics	Pair Corr
0.83	SSUN	Samsung Electronics	Pair Corr
0.79	SSU	Samsung Electronics	Pair Corr
0.82	SSUN	Samsung Electronics	Pair Corr

Moving against ROSENBAUER Stock

0.51	DBPD	Xtrackers ShortDAX	Pair Corr
0.42	PQ9	PT Bank Mandiri	Pair Corr
0.42	PQ9	BANK MANDIRI	Pair Corr
0.36	BYRA	BANK RAKYAT IND Earnings Call This Week	Pair Corr
0.32	BYRA	BANK RAKYAT IND Earnings Call This Week	Pair Corr

Related Correlations Analysis

	FA2	FWQ	2U0	OYC	J9R	9ZY	AILA
FA2		-0.34	0.9	0.65	0.78	0.91	-0.23	FA2
FWQ	-0.34		-0.49	-0.05	-0.63	-0.45	-0.22	FWQ
2U0	0.9	-0.49		0.62	0.9	0.86	-0.07	2U0
OYC	0.65	-0.05	0.62		0.41	0.64	0.29	OYC
J9R	0.78	-0.63	0.9	0.41		0.74	-0.07	J9R
9ZY	0.91	-0.45	0.86	0.64	0.74		-0.08	9ZY
AILA	-0.23	-0.22	-0.07	0.29	-0.07	-0.08		AILA
	FA2	FWQ	2U0	OYC	J9R	9ZY	AILA

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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

9ZY	+ 0.91	FA2
2U0	+ 0.9	FA2
J9R	+ 0.9	2U0
9ZY	+ 0.86	2U0
J9R	+ 0.78	FA2
9ZY	+ 0.74	J9R

High negative correlations

J9R	- 0.63	FWQ
2U0	- 0.49	FWQ
9ZY	- 0.45	FWQ
FWQ	- 0.34	FA2
AILA	- 0.23	FA2
AILA	- 0.22	FWQ

Risk-Adjusted Indicators

There is a big difference between ROSENBAUER Stock performing well and ROSENBAUER INTERNAT 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 ROSENBAUER INTERNAT'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
FA2	3.11	1.11	0.30	(1.22)	2.10	(4.62)	8.45	(4.00)	26.80
FWQ	2.32	0.15	0.00	(3.63)	2.76	(7.11)	7.14	(6.25)	13.81
2U0	2.67	0.62	0.18	(6.63)	2.18	(3.34)	7.49	(3.88)	15.57
OYC	2.37	0.53	0.14	(1.27)	2.20	(2.84)	5.92	(3.48)	18.01
J9R	2.13	0.58	0.19	(1.38)	1.63	(2.79)	4.87	(2.92)	17.62
9ZY	2.75	0.70	0.19	(1.92)	2.25	(3.91)	6.60	(3.89)	17.49
AILA	0.87	0.09	(0.07)	(0.17)	0.84	(1.50)	1.78	(1.69)	6.98

Be your own money manager

Our tools can tell you how much better you can do entering a position in ROSENBAUER INTERNAT 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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