VIB Vermgen Correlations

Stocks . Germany . 
Stock . VIB Vermgen AG
VIH1 Stock  EUR 7.14  0.10  1.38%   
The current 90-days correlation between VIB Vermgen AG and Ryanair Holdings plc is 0.01 (i.e., Significant diversification). The correlation of VIB Vermgen 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. If the correlation is 0, the equities are not correlated; they are entirely random.

VIB Vermgen Correlation With Market

Good diversification

The correlation between VIB Vermgen AG and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VIB Vermgen AG and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to VIB Vermgen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace VIB Vermgen 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 VIB Vermgen - 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 VIB Vermgen AG to buy it.

Moving against VIB Stock

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Related Correlations Analysis

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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   
TT8
+ 0.86
WN6
WN6
+ 0.81
RY4C
2U0
+ 0.76
RY4C
TT8
+ 0.76
RY4C
7QG
+ 0.76
SRI
7QG
+ 0.73
RY4C
  
High negative correlations   
T1D
- 0.7
WN6
T1D
- 0.67
TT8
T1D
- 0.52
7QG
T1D
- 0.5
RY4C
T1D
- 0.33
SRI
T1D
- 0.32
2U0

Risk-Adjusted Indicators

There is a big difference between VIB Stock performing well and VIB Vermgen 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 VIB Vermgen'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 VIB Vermgen 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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