AgriBank Securities Correlations

AGR Stock

17,050 50.00 0.29%

The current 90-days correlation between AgriBank Securities JSC and Bich Chi Food is 0.16 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AgriBank Securities moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AgriBank Securities JSC moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

AgriBank Securities Correlation With Market

Average diversification

The correlation between AgriBank Securities JSC and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AgriBank Securities JSC and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with AgriBank Stock

0.7	FIT	FIT INVEST JSC	Pair Corr
0.68	ADS	Damsan JSC	Pair Corr
0.61	AAM	Mekong Fisheries JSC	Pair Corr

Related Correlations Analysis

	BCF	PVS	FMC	TCB	SVT	BMI	AGR	ELC
BCF		-0.66	-0.33	0.22	-0.52	-0.72	-0.39	0.69	BCF
PVS	-0.66		0.46	0.23	0.15	0.66	0.77	-0.53	PVS
FMC	-0.33	0.46		0.24	0.44	0.35	0.3	-0.27	FMC
TCB	0.22	0.23	0.24		-0.31	-0.26	0.57	0.16	TCB
SVT	-0.52	0.15	0.44	-0.31		0.17	-0.14	-0.38	SVT
BMI	-0.72	0.66	0.35	-0.26	0.17		0.38	-0.59	BMI
AGR	-0.39	0.77	0.3	0.57	-0.14	0.38		-0.18	AGR
ELC	0.69	-0.53	-0.27	0.16	-0.38	-0.59	-0.18		ELC
	BCF	PVS	FMC	TCB	SVT	BMI	AGR	ELC

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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

AGR	+ 0.77	PVS
ELC	+ 0.69	BCF
BMI	+ 0.66	PVS
AGR	+ 0.57	TCB
FMC	+ 0.46	PVS
SVT	+ 0.44	FMC

High negative correlations

BMI	- 0.72	BCF
PVS	- 0.66	BCF
ELC	- 0.59	BMI
ELC	- 0.53	PVS
SVT	- 0.52	BCF
AGR	- 0.39	BCF

Risk-Adjusted Indicators

There is a big difference between AgriBank Stock performing well and AgriBank Securities 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 AgriBank Securities' 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
BCF	2.36	0.54	0.08	(0.78)	2.80	(3.25)	5.48	(6.67)	16.98
PVS	0.85	(0.27)	0.00	(0.83)	0.00	0.00	1.51	(1.55)	7.08
FMC	0.58	(0.05)	0.00	(0.06)	0.00	0.00	1.41	(1.08)	3.83
TCB	0.82	0.01	(0.08)	0.20	0.94	(0.98)	1.86	(1.69)	4.75
SVT	1.20	(0.18)	0.00	0.37	0.00	0.00	1.79	(2.61)	15.02
BMI	1.12	(0.14)	0.00	(0.08)	0.00	0.00	4.42	(1.96)	18.36
AGR	1.20	(0.10)	0.00	(0.26)	0.00	0.00	3.12	(2.42)	8.75
ELC	1.02	0.10	0.01	0.40	1.36	(1.07)	2.48	(2.08)	7.38

Be your own money manager

Our tools can tell you how much better you can do entering a position in AgriBank Securities 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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