Foncire Volta Correlations

SPEL Stock

EUR 9.90 0.00 0.00%

The current 90-days correlation between Foncire Volta and CBO Territoria SA is -0.01 (i.e., Good diversification). The correlation of Foncire Volta 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.

Foncire Volta Correlation With Market

Good diversification

The correlation between Foncire Volta and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Foncire Volta and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Foncire Stock

0.53	ALTME	TME Pharma NV	Pair Corr
0.46	ALLOG	Logic Instrume	Pair Corr
0.43	ORA	Orange SA Earnings Call This Week	Pair Corr
0.37	TRI	Trigano SA	Pair Corr
0.37	ALALO	Acheter Louer	Pair Corr
0.35	CBOT	CBO Territoria SA	Pair Corr
0.34	INFE	Compagnie Industrielle	Pair Corr
0.33	ALVDM	Voyageurs du Monde	Pair Corr
0.32	ALSAS	Stradim Espace Finances	Pair Corr
0.49	GBT	Guerbet S A	Pair Corr
0.46	AKW	Akwel SA	Pair Corr
0.45	BIG	BigBen Interactive	Pair Corr
0.44	FDE	La Franaise de	Pair Corr
0.43	SWP	Sword Group SE	Pair Corr
0.41	AREIT	Altareit Earnings Call This Week	Pair Corr
0.41	FRVIA	Forvia SE Earnings Call This Week	Pair Corr
0.4	MLCMB	Compagnie Du Mont	Pair Corr
0.4	AURE	Aurea SA Earnings Call This Week	Pair Corr
0.4	SCHP	Seche Environnem	Pair Corr
0.39	THEP	Thermador Groupe Earnings Call This Week	Pair Corr

Related Correlations Analysis

	CBOT	ALREA	SPEL	CROS	EURS	ALSAS	EFI	FIPP	COUR
CBOT		-0.39	-0.35	-0.26	0.0	0.83	-0.57	-0.11	0.16	CBOT
ALREA	-0.39		0.31	0.17	0.0	-0.42	0.4	-0.39	0.42	ALREA
SPEL	-0.35	0.31		0.11	0.0	-0.32	0.5	0.04	-0.2	SPEL
CROS	-0.26	0.17	0.11		0.0	-0.35	0.04	-0.13	0.0	CROS
EURS	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	EURS
ALSAS	0.83	-0.42	-0.32	-0.35	0.0		-0.45	0.04	0.09	ALSAS
EFI	-0.57	0.4	0.5	0.04	0.0	-0.45		-0.22	0.12	EFI
FIPP	-0.11	-0.39	0.04	-0.13	0.0	0.04	-0.22		-0.61	FIPP
COUR	0.16	0.42	-0.2	0.0	0.0	0.09	0.12	-0.61		COUR
	CBOT	ALREA	SPEL	CROS	EURS	ALSAS	EFI	FIPP	COUR

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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

ALSAS	+ 0.83	CBOT
EFI	+ 0.5	SPEL
COUR	+ 0.42	ALREA
EFI	+ 0.4	ALREA
SPEL	+ 0.31	ALREA
CROS	+ 0.17	ALREA

High negative correlations

COUR	- 0.61	FIPP
EFI	- 0.57	CBOT
EFI	- 0.45	ALSAS
ALSAS	- 0.42	ALREA
FIPP	- 0.39	ALREA
ALREA	- 0.39	CBOT

Risk-Adjusted Indicators

There is a big difference between Foncire Stock performing well and Foncire Volta 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 Foncire Volta'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
CBOT	0.36	0.11	(0.05)	(23.94)	0.16	(0.53)	0.89	(0.82)	2.56
ALREA	3.40	(0.09)	0.00	(0.94)	0.00	0.00	8.82	(7.21)	24.94
SPEL	0.82	0.15	0.00	(0.08)	0.00	0.00	2.20	0.00	23.24
CROS	1.34	0.09	0.00	(0.20)	0.00	0.00	0.93	(0.93)	29.09
EURS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ALSAS	3.97	0.61	0.04	(0.76)	4.94	(7.81)	11.11	(9.60)	53.51
EFI	0.15	(0.08)	0.00	1.27	0.00	0.00	0.00	0.00	5.00
FIPP	1.86	0.22	0.00	(10.68)	0.00	0.00	10.00	(7.69)	33.33
COUR	0.59	(0.07)	0.00	1.86	0.00	0.00	0.00	(2.52)	12.76

Be your own money manager

Our tools can tell you how much better you can do entering a position in Foncire Volta 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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