IA FINANCIAL Correlations
| 1OD Stock | EUR 86.00 0.50 0.58% |
The current 90-days correlation between IA FINANCIAL P and Coeur Mining is 0.07 (i.e., Significant diversification). The correlation of IA FINANCIAL 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.
IA FINANCIAL Correlation With Market
Poor diversification
The correlation between IA FINANCIAL P and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IA FINANCIAL P and DJI in the same portfolio, assuming nothing else is changed.
1OD |
The ability to find closely correlated positions to IA FINANCIAL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IA FINANCIAL 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 IA FINANCIAL - 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 IA FINANCIAL P to buy it.
Moving together with 1OD Stock
| 0.68 | ASG0 | ASSGENERALI ADR 12EO | PairCorr |
| 0.89 | AXJ | Equitable Holdings | PairCorr |
| 0.73 | 48R | ENSTAR GROUP LTD | PairCorr |
| 0.91 | QAN | Qantas Airways | PairCorr |
| 0.86 | SK3 | Smurfit Kappa Group | PairCorr |
| 0.91 | NT4 | Northern Trust | PairCorr |
| 0.74 | WX7 | Corporate Office Pro | PairCorr |
| 0.93 | PNP | PNC Financial | PairCorr |
| 0.79 | APC | Apple Inc | PairCorr |
| 0.88 | AQHE | Event Hospitality | PairCorr |
| 0.87 | 2CDA | Controladora Vuela Compaa | PairCorr |
| 0.9 | PCG6 | PG E P6 | PairCorr |
| 0.94 | PTX | Palantir Technologies | PairCorr |
| 0.88 | 2T9A | TRAINLINE PLC LS | PairCorr |
| 0.96 | WD5A | TRAVEL LEISURE DL | PairCorr |
| 0.92 | M4I | Mastercard | PairCorr |
| 0.66 | 4GE | Grupo Mxico SAB | PairCorr |
| 0.9 | WX1 | Acadia Realty Trust | PairCorr |
| 0.77 | HXL | Hexcel | PairCorr |
| 0.95 | VA7A | VERISK ANLYTCS A | PairCorr |
Moving against 1OD Stock
| 0.84 | BYRA | PT Bank Rakyat | PairCorr |
| 0.83 | BYRA | BANK RAKYAT IND | PairCorr |
| 0.8 | PQ9 | BANK MANDIRI | PairCorr |
| 0.8 | PQ9 | BANK MANDIRI | PairCorr |
| 0.76 | PQ9 | PT Bank Mandiri | PairCorr |
| 0.76 | PQ9 | BANK MANDIRI | PairCorr |
| 0.75 | BYRA | BANK RAKYAT IND | PairCorr |
| 0.75 | BZG2 | BANK CENTRAL ASIA | PairCorr |
| 0.73 | AXAA | AXA SA | PairCorr |
| 0.65 | BYRA | PT Bank Rakyat | PairCorr |
| 0.58 | 2NN | NN Group NV | PairCorr |
| 0.6 | BZG2 | BANK CENTRAL ASIA | PairCorr |
| 0.57 | AXI | Atos SE | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
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Risk-Adjusted Indicators
There is a big difference between 1OD Stock performing well and IA FINANCIAL 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 IA FINANCIAL'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CDE | 0.91 | (0.07) | 0.00 | (1.32) | 0.00 | 2.25 | 6.05 | |||
| GM6 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GG7 | 1.43 | 0.00 | (0.01) | 0.02 | 1.86 | 3.03 | 11.91 | |||
| XYD | 1.88 | 0.23 | 0.00 | (1.21) | 0.00 | 9.09 | 35.38 | |||
| PWT | 1.39 | 0.03 | 0.02 | 0.04 | 1.45 | 3.00 | 12.31 | |||
| FJZ | 2.79 | 0.02 | (0.01) | 0.00 | 3.42 | 6.43 | 17.91 | |||
| HAM | 2.60 | (0.10) | 0.00 | 0.23 | 0.00 | 6.29 | 16.53 | |||
| US8 | 2.61 | (0.05) | 0.00 | (0.26) | 0.00 | 5.52 | 20.89 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in IA FINANCIAL 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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IA FINANCIAL Corporate Management
Elected by the shareholders, the IA FINANCIAL's board of directors comprises two types of representatives: IA FINANCIAL inside directors who are chosen from within the company, and outside directors, selected externally and held independent of 1OD. The board's role is to monitor IA FINANCIAL's management team and ensure that shareholders' interests are well served. IA FINANCIAL's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, IA FINANCIAL's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Claude Lamoureux | Independent Director | Profile | |
| Ginette Maillee | Independent Director | Profile | |
| Jacques Martin | Independent Chairman of the Board | Profile | |
| Lilia Sham | Executive Vice President of Corporate Development | Profile | |
| Pierre Miron | Executive Vice President - Information Technology | Profile | |
| Danielle Morin | Independent Director | Profile | |
| Sean OBrien | Senior Vice President - Dealer Services and Special Risks | Profile |