Nib Holdings Correlations

3GU Stock

EUR 2.98 0.26 9.56%

The current 90-days correlation between nib holdings limited and First American Financial is 0.14 (i.e., Average diversification). The correlation of Nib Holdings 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.

Nib Holdings Correlation With Market

Modest diversification

The correlation between nib holdings limited and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding nib holdings limited and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Nib Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nib Holdings 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 Nib Holdings - 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 nib holdings limited to buy it.

Moving together with Nib Stock

0.62

QPA1

Trisura Group

Pair Corr

Moving against Nib Stock

0.57	LNH	Lancashire Holdings	Pair Corr
0.46	C6T	China Construction Bank	Pair Corr
0.4	YGB	EMPLOYERS HLDGS DL	Pair Corr
0.39	DHU	Assured Guaranty	Pair Corr
0.37	Y1F	First American Financial	Pair Corr
0.69	M5V	EHEALTH	Pair Corr
0.64	APC	Apple Inc	Pair Corr
0.6	SK3	Smurfit Kappa Group	Pair Corr
0.6	2T9A	TRAINLINE PLC LS	Pair Corr
0.56	6GAA	Grupo Aval Acciones	Pair Corr
0.53	TEV	Teva Pharmaceutical	Pair Corr
0.52	0XHR	Xenia Hotels Resorts	Pair Corr
0.52	HIP	Park Hotels Resorts	Pair Corr
0.49	HXL	Hexcel	Pair Corr
0.48	M4I	Mastercard	Pair Corr
0.48	WD5A	TRAVEL LEISURE DL	Pair Corr
0.48	ZIM	Zimmer Biomet Holdings	Pair Corr
0.44	CEK	CEOTRONICS	Pair Corr
0.43	ADH2	Air Canada	Pair Corr
0.39	AF4	HANOVER INSURANCE	Pair Corr
0.37	KEY	KeyCorp	Pair Corr
0.37	WX1	Acadia Realty Trust	Pair Corr
0.68	VAI	Vail Resorts	Pair Corr
0.61	EQN2	Equinix	Pair Corr
0.59	NH5	NH HOTEL GROUP	Pair Corr
0.58	DC4	DexCom Inc	Pair Corr

Related Correlations Analysis

	CMAB	Y1F	MGC	DHU	RAG	3GU	TPW	LNH	QPA1	YGB
CMAB		0.47	0.3	0.62	0.29	-0.23	0.79	0.07	-0.44	0.7	CMAB
Y1F	0.47		0.86	0.8	0.82	-0.37	0.66	0.49	-0.4	0.79	Y1F
MGC	0.3	0.86		0.68	0.84	-0.2	0.59	0.31	-0.2	0.61	MGC
DHU	0.62	0.8	0.68		0.69	-0.39	0.77	0.35	-0.59	0.9	DHU
RAG	0.29	0.82	0.84	0.69		-0.1	0.51	0.36	-0.18	0.64	RAG
3GU	-0.23	-0.37	-0.2	-0.39	-0.1		-0.24	-0.57	0.62	-0.4	3GU
TPW	0.79	0.66	0.59	0.77	0.51	-0.24		0.16	-0.39	0.75	TPW
LNH	0.07	0.49	0.31	0.35	0.36	-0.57	0.16		-0.2	0.43	LNH
QPA1	-0.44	-0.4	-0.2	-0.59	-0.18	0.62	-0.39	-0.2		-0.6	QPA1
YGB	0.7	0.79	0.61	0.9	0.64	-0.4	0.75	0.43	-0.6		YGB
	CMAB	Y1F	MGC	DHU	RAG	3GU	TPW	LNH	QPA1	YGB

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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

YGB	+ 0.9	DHU
MGC	+ 0.86	Y1F
RAG	+ 0.84	MGC
RAG	+ 0.82	Y1F
DHU	+ 0.8	Y1F
TPW	+ 0.79	CMAB

High negative correlations

YGB	- 0.6	QPA1
QPA1	- 0.59	DHU
LNH	- 0.57	3GU
QPA1	- 0.44	CMAB
YGB	- 0.4	3GU
QPA1	- 0.4	Y1F

Risk-Adjusted Indicators

There is a big difference between Nib Stock performing well and Nib Holdings 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 Nib Holdings' 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
CMAB	0.95	0.05	0.03	1.39	1.07	(1.15)	2.02	(1.98)	6.75
Y1F	1.06	0.01	(0.01)	0.04	1.22	(1.47)	2.55	(2.38)	6.83
MGC	1.16	(0.03)	0.00	(0.03)	0.00	0.00	2.52	(2.61)	8.72
DHU	2.31	0.29	0.09	0.23	2.61	(2.75)	4.84	(4.62)	15.30
RAG	1.23	(0.07)	0.00	(0.06)	0.00	0.00	2.74	(3.16)	10.70
3GU	1.72	(0.18)	0.00	(0.15)	0.00	0.00	3.55	(3.55)	23.33
TPW	2.30	0.39	0.12	0.80	2.72	(2.31)	5.34	(4.16)	14.25
LNH	1.79	(0.01)	0.00	0.01	2.43	(1.93)	3.97	(2.93)	13.76
QPA1	1.36	(0.11)	0.00	(0.14)	0.00	0.00	2.86	(2.92)	8.54
YGB	1.08	0.18	0.14	0.16	0.89	(1.54)	2.00	(1.82)	11.38

Be your own money manager

Our tools can tell you how much better you can do entering a position in Nib Holdings 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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Nib Holdings Corporate Management

Elected by the shareholders, the Nib Holdings' board of directors comprises two types of representatives: Nib Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nib. The board's role is to monitor Nib Holdings' management team and ensure that shareholders' interests are well served. Nib Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Nib Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.

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