JGC P Correlations

VJC Stock

EUR 10.30 0.10 0.98%

The current 90-days correlation between JGC P and VIENNA INSURANCE GR is -0.02 (i.e., Good diversification). The correlation of JGC P 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.

JGC P Correlation With Market

Modest diversification

The correlation between JGC P and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JGC P and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with JGC Stock

0.75	APC	Apple Inc	Pair Corr
0.73	APC	Apple Inc	Pair Corr
0.73	APC	Apple Inc	Pair Corr
0.73	APC	Apple Inc	Pair Corr
0.77	MTO	METTLER TOLEDO INTL	Pair Corr
0.76	MTO	METTLER TOLEDO INTL	Pair Corr
0.77	MTO	Mettler-Toledo International	Pair Corr

Moving against JGC Stock

0.68	E908	Lyxor 1	Pair Corr
0.58	27J	Impinj Inc	Pair Corr
0.53	27J	Impinj Inc	Pair Corr
0.47	MSF	Microsoft	Pair Corr
0.47	DBPE	Xtrackers LevDAX	Pair Corr
0.44	MSF	Microsoft	Pair Corr
0.43	MSF	Microsoft	Pair Corr
0.41	MSF	Microsoft	Pair Corr
0.41	MSF	Microsoft	Pair Corr
0.37	CXT	Carmat SA Earnings Call This Week	Pair Corr

Related Correlations Analysis

	DAM	WSV2	H0O	3QD	WSV2	DTT0	4JP	0UI
DAM		-0.05	-0.33	0.68	-0.11	0.86	-0.63	0.63	DAM
WSV2	-0.05		0.09	0.08	0.95	0.24	0.2	0.32	WSV2
H0O	-0.33	0.09		-0.3	0.09	-0.44	-0.03	-0.26	H0O
3QD	0.68	0.08	-0.3		0.11	0.8	-0.58	0.77	3QD
WSV2	-0.11	0.95	0.09	0.11		0.2	0.24	0.26	WSV2
DTT0	0.86	0.24	-0.44	0.8	0.2		-0.51	0.72	DTT0
4JP	-0.63	0.2	-0.03	-0.58	0.24	-0.51		-0.54	4JP
0UI	0.63	0.32	-0.26	0.77	0.26	0.72	-0.54		0UI
	DAM	WSV2	H0O	3QD	WSV2	DTT0	4JP	0UI

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

WSV2	+ 0.95	WSV2
DTT0	+ 0.86	DAM
DTT0	+ 0.8	3QD
0UI	+ 0.77	3QD
0UI	+ 0.72	DTT0
3QD	+ 0.68	DAM

High negative correlations

4JP	- 0.63	DAM
4JP	- 0.58	3QD
0UI	- 0.54	4JP
4JP	- 0.51	DTT0
DTT0	- 0.44	H0O
H0O	- 0.33	DAM

Risk-Adjusted Indicators

There is a big difference between JGC Stock performing well and JGC P 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 JGC P'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
DAM	1.39	0.28	0.14	0.30	1.11	(2.45)	3.91	(2.88)	14.20
WSV2	1.06	0.10	0.05	0.19	1.55	(1.22)	2.35	(1.91)	10.37
H0O	2.57	0.02	0.01	0.08	3.99	(3.38)	9.31	(9.42)	24.57
3QD	2.11	0.25	0.09	0.33	2.37	(2.53)	4.66	(4.84)	27.94
WSV2	1.04	0.11	0.04	0.38	1.55	(1.10)	2.28	(2.13)	7.75
DTT0	1.36	0.44	0.18	(2.19)	1.39	(1.76)	2.88	(2.90)	17.20
4JP	1.21	(0.03)	(0.03)	0.00	1.46	(1.67)	2.63	(3.26)	6.96
0UI	1.54	0.11	0.06	0.17	1.55	(2.01)	3.21	(2.67)	9.62

Be your own money manager

Our tools can tell you how much better you can do entering a position in JGC P 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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