AECI Correlations

AFEP Stock

1,501 51.00 3.52%

The current 90-days correlation between AECI and Blue Label Telecoms is -0.27 (i.e., Very good diversification). The correlation of AECI 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. If the correlation is 0, the equities are not correlated; they are entirely random.

AECI Correlation With Market

Significant diversification

The correlation between AECI and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AECI and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against AECI Stock

0.75	PRX	Prosus NV	Pair Corr
0.74	NPN	Naspers Limited Earnings Call This Week	Pair Corr
0.58	AGL	Anglo American PLC	Pair Corr
0.56	GLN	Glencore PLC	Pair Corr
0.51	AMS	Anglo American Platinum	Pair Corr
0.36	CFR	Compagnie Financire	Pair Corr
0.33	ABSP	ABSA Bank Limited	Pair Corr

Related Correlations Analysis

	ASC	BLU	SAR	AEL	BYI	EMN	BTI	KIO
ASC		0.04	-0.03	0.16	-0.12	-0.07	0.3	-0.14	ASC
BLU	0.04		0.76	0.62	-0.16	0.52	-0.67	0.14	BLU
SAR	-0.03	0.76		0.66	-0.36	0.69	-0.45	0.0	SAR
AEL	0.16	0.62	0.66		-0.52	0.37	-0.07	-0.17	AEL
BYI	-0.12	-0.16	-0.36	-0.52		-0.2	-0.39	0.63	BYI
EMN	-0.07	0.52	0.69	0.37	-0.2		-0.38	-0.11	EMN
BTI	0.3	-0.67	-0.45	-0.07	-0.39	-0.38		-0.47	BTI
KIO	-0.14	0.14	0.0	-0.17	0.63	-0.11	-0.47		KIO
	ASC	BLU	SAR	AEL	BYI	EMN	BTI	KIO

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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

SAR	+ 0.76	BLU
EMN	+ 0.69	SAR
AEL	+ 0.66	SAR
KIO	+ 0.63	BYI
AEL	+ 0.62	BLU
EMN	+ 0.52	BLU

High negative correlations

BTI	- 0.67	BLU
BYI	- 0.52	AEL
KIO	- 0.47	BTI
BTI	- 0.45	SAR
BTI	- 0.39	BYI
BTI	- 0.38	EMN

Risk-Adjusted Indicators

There is a big difference between AECI Stock performing well and AECI 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 AECI'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
ASC	1.66	0.07	(0.01)	0.63	2.00	(2.97)	5.71	(4.11)	11.38
BLU	1.21	0.01	(0.06)	0.18	1.49	(1.57)	2.95	(2.24)	7.95
SAR	1.20	0.42	0.02	(0.14)	1.68	(5.16)	4.36	(2.83)	25.05
AEL	1.61	0.23	0.05	1.60	1.95	(1.60)	3.20	(2.64)	11.01
BYI	1.64	(0.11)	0.00	(0.35)	0.00	0.00	2.86	(3.52)	17.61
EMN	0.81	0.07	(0.03)	(0.13)	1.29	(3.02)	4.76	(3.18)	11.87
BTI	0.85	0.11	(0.03)	(0.59)	1.19	(0.85)	1.63	(1.88)	5.77
KIO	1.92	(0.18)	0.00	(0.26)	0.00	0.00	3.42	(4.18)	15.22

Be your own money manager

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

Elected by the shareholders, the AECI's board of directors comprises two types of representatives: AECI inside directors who are chosen from within the company, and outside directors, selected externally and held independent of AECI. The board's role is to monitor AECI's management team and ensure that shareholders' interests are well served. AECI'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, AECI's outside directors are responsible for providing unbiased perspectives on the board's policies.

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