Intertech Correlations

INTET Stock

EUR 1.17 0.02 1.68%

The current 90-days correlation between Intertech SA Inter and Selected Textiles SA is 0.24 (i.e., Modest diversification). The correlation of Intertech 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.

Intertech Correlation With Market

Average diversification

The correlation between Intertech SA Inter and NYA is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intertech SA Inter and NYA in the same portfolio, assuming nothing else is changed.

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

Moving together with Intertech Stock

0.63

TPEIR

Piraeus Financial

Pair Corr

Moving against Intertech Stock

0.59	EUROB	Eurobank Ergasias	Pair Corr
0.55	EEE	Coca Cola HBC	Pair Corr
0.53	ETE	National Bank	Pair Corr

Related Correlations Analysis

	INTRK	PPC	ELPE	ETE	MOYZK	DIMAND	LAMPS	EPIL	ELHA	EUROB
INTRK		0.72	-0.22	-0.2	0.68	0.35	-0.56	0.5	0.89	-0.08	INTRK
PPC	0.72		0.03	-0.15	0.55	0.56	-0.51	0.32	0.76	-0.13	PPC
ELPE	-0.22	0.03		0.71	-0.54	-0.36	0.55	0.09	-0.13	0.54	ELPE
ETE	-0.2	-0.15	0.71		-0.72	-0.75	0.83	0.15	-0.17	0.89	ETE
MOYZK	0.68	0.55	-0.54	-0.72		0.72	-0.87	0.21	0.72	-0.55	MOYZK
DIMAND	0.35	0.56	-0.36	-0.75	0.72		-0.87	0.02	0.42	-0.75	DIMAND
LAMPS	-0.56	-0.51	0.55	0.83	-0.87	-0.87		-0.2	-0.56	0.73	LAMPS
EPIL	0.5	0.32	0.09	0.15	0.21	0.02	-0.2		0.53	0.33	EPIL
ELHA	0.89	0.76	-0.13	-0.17	0.72	0.42	-0.56	0.53		-0.02	ELHA
EUROB	-0.08	-0.13	0.54	0.89	-0.55	-0.75	0.73	0.33	-0.02		EUROB
	INTRK	PPC	ELPE	ETE	MOYZK	DIMAND	LAMPS	EPIL	ELHA	EUROB

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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

ELHA	+ 0.89	INTRK
EUROB	+ 0.89	ETE
LAMPS	+ 0.83	ETE
ELHA	+ 0.76	PPC
EUROB	+ 0.73	LAMPS
PPC	+ 0.72	INTRK

High negative correlations

LAMPS	- 0.87	DIMAND
LAMPS	- 0.87	MOYZK
EUROB	- 0.75	DIMAND
DIMAND	- 0.75	ETE
MOYZK	- 0.72	ETE
ELHA	- 0.56	LAMPS

Risk-Adjusted Indicators

There is a big difference between Intertech Stock performing well and Intertech 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 Intertech'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
INTRK	2.06	(0.34)	0.00	(0.40)	0.00	0.00	5.03	(4.83)	13.60
PPC	1.40	(0.18)	0.00	(0.49)	0.00	0.00	3.35	(3.24)	11.12
ELPE	1.16	0.01	0.00	0.05	1.39	(1.27)	2.39	(2.58)	6.83
ETE	1.32	0.15	0.07	(1.44)	1.42	(1.57)	4.17	(2.44)	9.14
MOYZK	1.78	(0.35)	0.00	1.12	0.00	0.00	4.17	(5.41)	18.26
DIMAND	0.56	(0.29)	0.00	(2.79)	0.00	0.00	0.81	(1.83)	5.05
LAMPS	0.92	0.38	0.23	3.30	0.54	(1.66)	2.74	(0.68)	8.19
EPIL	2.21	0.08	0.01	0.15	3.20	(10.52)	7.69	(7.14)	26.79
ELHA	1.79	(0.36)	0.00	(0.32)	0.00	0.00	3.68	(3.78)	10.46
EUROB	1.36	0.12	0.04	(5.57)	1.94	(1.58)	2.11	(2.88)	12.01

Be your own money manager

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