Adamjee Insurance Correlations
| AICL Stock | 34.37 0.01 0.0291% |
The correlation of Adamjee Insurance is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Adamjee Insurance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adamjee Insurance moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Adamjee Insurance. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Adamjee |
The ability to find closely correlated positions to Adamjee Insurance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adamjee Insurance 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 Adamjee Insurance - 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 Adamjee Insurance to buy it.
Moving together with Adamjee Stock
| + | 0.85 | FFL | Fauji FoodsLtd | PairCorr | ||
| + | 0.74 | KSBP | KSB Pumps | PairCorr | ||
| + | 0.88 | MARI | Mari Petroleum | PairCorr | ||
| + | 0.81 | LOADS | Loads | PairCorr | ||
| + | 0.69 | THCCL | Thatta Cement | PairCorr | ||
| + | 0.83 | KAPCO | KOT Addu Power | PairCorr |
Moving against Adamjee Stock
Related Correlations Analysis
MSOT | MODAM | FFL | KSBP | MARI | LOADS | THCCL | KAPCO | REWM | ||
MSOT | 0.23 | 0.41 | 0.17 | 0.53 | 0.39 | 0.17 | 0.49 | -0.14 | MSOT | |
MODAM | 0.23 | 0.13 | 0.28 | 0.39 | 0.15 | -0.05 | 0.17 | 0.13 | MODAM | |
FFL | 0.41 | 0.13 | 0.72 | 0.89 | 0.97 | 0.83 | 0.93 | -0.62 | FFL | |
KSBP | 0.17 | 0.28 | 0.72 | 0.73 | 0.72 | 0.72 | 0.78 | -0.67 | KSBP | |
MARI | 0.53 | 0.39 | 0.89 | 0.73 | 0.88 | 0.66 | 0.9 | -0.45 | MARI | |
LOADS | 0.39 | 0.15 | 0.97 | 0.72 | 0.88 | 0.81 | 0.92 | -0.66 | LOADS | |
THCCL | 0.17 | -0.05 | 0.83 | 0.72 | 0.66 | 0.81 | 0.81 | -0.76 | THCCL | |
KAPCO | 0.49 | 0.17 | 0.93 | 0.78 | 0.9 | 0.92 | 0.81 | -0.65 | KAPCO | |
REWM | -0.14 | 0.13 | -0.62 | -0.67 | -0.45 | -0.66 | -0.76 | -0.65 | REWM | |
MSOT | MODAM | FFL | KSBP | MARI | LOADS | THCCL | KAPCO | REWM |
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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 | High negative correlations |
Risk-Adjusted Indicators
There is a big difference between Adamjee Stock performing well and Adamjee Insurance 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 Adamjee Insurance'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 | Information Ratio | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| MSOT | 3.82 | 0.47 | 0.10 | (1.83) | 3.89 | 0.1 | (5.32) | 7.51 | (7.50) | 15.02 | |
| MODAM | 2.72 | 0.07 | 0.02 | (0.08) | 3.17 | 0.0186 | (3.17) | 7.67 | (5.68) | 20.12 | |
| FFL | 1.83 | 0.74 | 0.37 | 1.44 | 1.42 | 0.28 | (2.31) | 4.51 | (2.58) | 18.91 | |
| KSBP | 3.23 | 0.26 | 0.06 | (2.35) | 3.83 | 0.06 | (3.59) | 7.29 | (7.49) | 15.01 | |
| MARI | 0.83 | 0.11 | 0.10 | 0.41 | 1.05 | 0.1 | (0.86) | 2.16 | (2.07) | 6.35 | |
| LOADS | 2.18 | 0.53 | 0.24 | 0.44 | 1.64 | 0.17 | (2.56) | 6.71 | (3.21) | 18.44 | |
| THCCL | 1.58 | 0.56 | 0.30 | (0.78) | 1.29 | 0.24 | (1.97) | 5.05 | (2.43) | 12.82 | |
| KAPCO | 1.70 | 0.54 | 0.16 | (2.29) | 2.69 | 0.15 | (1.87) | 4.21 | (1.47) | 36.28 | |
| REWM | 3.20 | (0.11) | 0.00 | (0.30) | 0.00 | (0.0246) | 0.00 | 7.49 | (7.50) | 15.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Adamjee Insurance 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.Did you try this?
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The danger of trading Adamjee Insurance is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Adamjee Insurance is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Adamjee Insurance. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Adamjee Insurance is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Adamjee Insurance. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for Adamjee Stock analysis
When running Adamjee Insurance's price analysis, check to measure Adamjee Insurance's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Adamjee Insurance is operating at the current time. Most of Adamjee Insurance's value examination focuses on studying past and present price action to predict the probability of Adamjee Insurance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Adamjee Insurance's price. Additionally, you may evaluate how the addition of Adamjee Insurance to your portfolios can decrease your overall portfolio volatility.
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