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.
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

+0.85FFLFauji FoodsLtdPairCorr
+0.74KSBPKSB PumpsPairCorr
+0.88MARIMari PetroleumPairCorr
+0.69THCCLThatta CementPairCorr
+0.83KAPCOKOT Addu PowerPairCorr

Moving against Adamjee Stock

-0.53REWMReliance Weaving MillsPairCorr

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   
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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationInformation RatioExpected ShortfallPotential UpsideValue @RiskMaximum 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.

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Already Invested in Adamjee Insurance?

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.

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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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Please note, there is a significant difference between Adamjee Insurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Adamjee Insurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Adamjee Insurance's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.