Capitec Bank Correlations
| CPI Stock | 326,118 663.00 0.20% |
The current 90-days correlation between Capitec Bank Holdings and Kumba Iron Ore is 0.12 (i.e., Average diversification). The correlation of Capitec Bank 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.
Capitec Bank Correlation With Market
Significant diversification
The correlation between Capitec Bank Holdings and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capitec Bank Holdings and DJI in the same portfolio, assuming nothing else is changed.
Capitec |
The ability to find closely correlated positions to Capitec Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Capitec Bank 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 Capitec Bank - 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 Capitec Bank Holdings to buy it.
Moving together with Capitec Stock
| 0.87 | ABSP | ABSA Bank Limited | PairCorr |
| 0.62 | SBK | Standard Bank Group | PairCorr |
| 0.8 | RMH | RMB Holdings | PairCorr |
| 0.86 | TGA | Thungela Resources | PairCorr |
| 0.82 | FBR | Famous Brands | PairCorr |
| 0.65 | PIK | Pick N Pay | PairCorr |
Moving against Capitec Stock
Related Correlations Analysis
| 0.71 | 0.28 | 0.04 | -0.51 | -0.18 | 0.26 | MDI | ||
| 0.71 | 0.26 | -0.11 | -0.54 | 0.0 | 0.39 | SAR | ||
| 0.28 | 0.26 | 0.27 | 0.0 | 0.4 | 0.35 | HIL | ||
| 0.04 | -0.11 | 0.27 | 0.49 | 0.16 | -0.23 | TMT | ||
| -0.51 | -0.54 | 0.0 | 0.49 | 0.24 | -0.17 | ARA | ||
| -0.18 | 0.0 | 0.4 | 0.16 | 0.24 | 0.15 | KIO | ||
| 0.26 | 0.39 | 0.35 | -0.23 | -0.17 | 0.15 | HAR | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Capitec Stock performing well and Capitec Bank 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 Capitec Bank'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MDI | 1.05 | 0.22 | 0.04 | (1.84) | 1.13 | 3.20 | 8.55 | |||
| SAR | 1.20 | 0.42 | 0.02 | (0.14) | 1.68 | 4.36 | 25.05 | |||
| HIL | 1.45 | (0.07) | 0.00 | (0.38) | 0.00 | 5.60 | 24.87 | |||
| TMT | 2.31 | 0.10 | (0.01) | (0.50) | 3.00 | 7.60 | 25.80 | |||
| ARA | 1.12 | 0.11 | (0.01) | (0.12) | 1.76 | 6.79 | 18.12 | |||
| KIO | 1.92 | (0.18) | 0.00 | (0.26) | 0.00 | 3.42 | 15.22 | |||
| HAR | 2.52 | (0.15) | 0.00 | (4.33) | 0.00 | 4.64 | 16.06 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Capitec Bank 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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Capitec Bank Corporate Management
Elected by the shareholders, the Capitec Bank's board of directors comprises two types of representatives: Capitec Bank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Capitec. The board's role is to monitor Capitec Bank's management team and ensure that shareholders' interests are well served. Capitec Bank'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, Capitec Bank's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jerome Passmore | Head Officer | Profile | |
| BSc BSc | Exec Technology | Profile | |
| Rizwana Butler | Ex HR | Profile | |
| BComm BCom | Ex Communications | Profile | |
| Grant Hardy | CFO Director | Profile | |
| Dumisani Ncukana | Head Support | Profile | |
| Monique Palmieri | Head Compliance | Profile |