Colas SA Related Correlations

Summary

REDelisted Stock

USD 370.70 0.20 0.05%

Generate correlation matrix for Colas SA and other related equities to check the degree to which Colas SA price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Colas SA. To filter out specific equities, please toggle its corresponding legend item. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

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Please note, there is a significant difference between Colas SA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Colas SA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Colas SA'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.

Correlations

	RGA	SPNT	BNRE	RNR-PG	MHLD	RNR	GLRE	OXBR	SPNT-PB	RNR-PF
RGA		0.62	0.42	0.09	0.51	0.15	0.68	0.54	0.84	-0.27	RGA
SPNT	0.62		0.42	0.48	0.26	0.51	0.52	0.4	0.46	0.3	SPNT
BNRE	0.42	0.42		0.73	-0.27	0.48	0.25	0.14	0.33	0.48	BNRE
RNR-PG	0.09	0.48	0.73		-0.47	0.74	0.0	-0.03	-0.01	0.89	RNR-PG
MHLD	0.51	0.26	-0.27	-0.47		-0.25	0.25	0.59	0.47	-0.57	MHLD
RNR	0.15	0.51	0.48	0.74	-0.25		-0.07	0.31	0.1	0.59	RNR
GLRE	0.68	0.52	0.25	0.0	0.25	-0.07		0.18	0.72	-0.26	GLRE
OXBR	0.54	0.4	0.14	-0.03	0.59	0.31	0.18		0.59	-0.27	OXBR
SPNT-PB	0.84	0.46	0.33	-0.01	0.47	0.1	0.72	0.59		-0.39	SPNT-PB
RNR-PF	-0.27	0.3	0.48	0.89	-0.57	0.59	-0.26	-0.27	-0.39		RNR-PF
	RGA	SPNT	BNRE	RNR-PG	MHLD	RNR	GLRE	OXBR	SPNT-PB	RNR-PF

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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

RNR-PF	+ 0.89	RNR-PG
SPNT-PB	+ 0.84	RGA
RNR	+ 0.74	RNR-PG
RNR-PG	+ 0.73	BNRE
SPNT-PB	+ 0.72	GLRE
GLRE	+ 0.68	RGA

High negative correlations

RNR-PF	- 0.57	MHLD
MHLD	- 0.47	RNR-PG
RNR-PF	- 0.39	SPNT-PB
RNR-PF	- 0.27	OXBR
MHLD	- 0.27	BNRE
RNR-PF	- 0.27	RGA

Risk-Adjusted Indicators

There is a big difference between Colas Stock performing well and Colas SA 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 Colas SA'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
RGA	0.89	0.14	0.08	1.67	1.10	(0.90)	1.84	(1.49)	5.43
SPNT	1.22	(0.03)	(0.02)	0.01	1.84	(1.21)	2.72	(2.09)	10.21
BNRE	1.15	0.03	(0.01)	0.73	1.60	(1.09)	2.41	(2.19)	7.64
RNR-PG	0.79	(0.06)	0.00	(0.02)	0.00	0.00	1.47	(1.50)	5.20
MHLD	4.22	0.54	0.11	1.14	4.23	(4.92)	9.82	(6.54)	21.64
RNR	1.03	0.00	(0.01)	0.05	1.33	(1.04)	2.07	(2.43)	9.82
GLRE	1.32	0.08	0.06	0.11	1.53	(1.51)	3.40	(2.42)	9.05
OXBR	2.43	0.23	0.08	0.26	2.38	(3.15)	6.36	(4.12)	16.55
SPNT-PB	0.20	0.01	(0.10)	0.12	0.13	(0.24)	0.44	(0.36)	1.20
RNR-PF	0.54	(0.13)	0.00	(0.13)	0.00	0.00	0.91	(1.26)	3.75

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Colas SA Related Correlations

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