CEO Group Correlations

CEO Stock

14,300 200.00 1.38%

The current 90-days correlation between CEO Group JSC and Hai An Transport is -0.07 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CEO Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CEO Group JSC moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

CEO Group Correlation With Market

Average diversification

The correlation between CEO Group 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 CEO Group JSC and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with CEO Stock

0.72	FIT	FIT INVEST JSC	Pair Corr
0.73	ADS	Damsan JSC	Pair Corr
0.74	AAA	An Phat Plastic	Pair Corr
0.75	AME	Alphanam ME	Pair Corr
0.63	APG	APG Securities Joint	Pair Corr
0.7	AAM	Mekong Fisheries JSC	Pair Corr
0.71	ABT	Bentre Aquaproduct Import	Pair Corr

Related Correlations Analysis

	HAH	VNM	SVD	HU1	DTD	PV2	NAF
HAH		-0.88	0.59	-0.47	0.82	-0.14	-0.28	HAH
VNM	-0.88		-0.53	0.39	-0.62	0.26	0.1	VNM
SVD	0.59	-0.53		-0.22	0.53	0.09	0.28	SVD
HU1	-0.47	0.39	-0.22		-0.5	0.11	0.19	HU1
DTD	0.82	-0.62	0.53	-0.5		0.18	-0.21	DTD
PV2	-0.14	0.26	0.09	0.11	0.18		0.03	PV2
NAF	-0.28	0.1	0.28	0.19	-0.21	0.03		NAF
	HAH	VNM	SVD	HU1	DTD	PV2	NAF

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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

DTD	+ 0.82	HAH
SVD	+ 0.59	HAH
DTD	+ 0.53	SVD
HU1	+ 0.39	VNM
NAF	+ 0.28	SVD
PV2	+ 0.26	VNM

High negative correlations

VNM	- 0.88	HAH
DTD	- 0.62	VNM
SVD	- 0.53	VNM
DTD	- 0.5	HU1
HU1	- 0.47	HAH
NAF	- 0.28	HAH

Risk-Adjusted Indicators

There is a big difference between CEO Stock performing well and CEO Group 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 CEO Group'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
HAH	1.21	0.33	0.15	0.75	1.45	(1.36)	3.26	(1.78)	10.90
VNM	0.65	(0.23)	0.00	(1.67)	0.00	0.00	1.58	(2.04)	4.65
SVD	2.22	0.32	0.10	1.05	2.10	(2.72)	6.65	(3.23)	12.79
HU1	3.31	0.12	0.01	0.66	4.02	(4.52)	6.85	(6.92)	17.14
DTD	1.45	0.05	0.05	0.14	1.46	(1.97)	3.67	(2.36)	14.06
PV2	2.56	0.03	0.00	0.13	2.81	(4.57)	4.35	(4.17)	16.33
NAF	1.37	0.00	(0.05)	0.09	1.52	(2.07)	3.59	(2.53)	10.87

Be your own money manager

Our tools can tell you how much better you can do entering a position in CEO Group 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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