Judo Capital Correlations
| JDO Stock | 1.85 0.01 0.54% |
The current 90-days correlation between Judo Capital Holdings and Adriatic Metals Plc is 0.11 (i.e., Average diversification). The correlation of Judo Capital 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.
Judo Capital Correlation With Market
Significant diversification
The correlation between Judo Capital Holdings and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Judo Capital Holdings and DJI in the same portfolio, assuming nothing else is changed.
Judo |
The ability to find closely correlated positions to Judo Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Judo Capital 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 Judo Capital - 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 Judo Capital Holdings to buy it.
Moving together with Judo Stock
| 0.78 | CBA | Commonwealth Bank | PairCorr |
| 0.61 | FSI | Flagship Investments | PairCorr |
| 0.63 | GDF | Garda Diversified Ppty | PairCorr |
| 0.73 | LGI | LGI | PairCorr |
| 0.65 | IMR | Imricor Medical Systems | PairCorr |
| 0.69 | SUN | Suncorp Group | PairCorr |
| 0.61 | BSA | BSA | PairCorr |
| 0.78 | HSN | Hansen Technologies | PairCorr |
| 0.7 | SHO | SportsHero | PairCorr |
| 0.66 | SQ2 | Block Inc | PairCorr |
| 0.72 | AIQ | Alternative Investment | PairCorr |
| 0.7 | RPL | Regal Funds Management | PairCorr |
Moving against Judo Stock
| 0.86 | ATM | Aneka Tambang Tbk | PairCorr |
| 0.59 | NHC | New Hope | PairCorr |
| 0.45 | GNM | Great Northern Minerals | PairCorr |
| 0.43 | CSL | CSL | PairCorr |
| 0.68 | ERA | Energy Resources | PairCorr |
| 0.64 | BKW | Brickworks | PairCorr |
| 0.59 | A1M | AIC Mines Limited | PairCorr |
| 0.56 | PAI | Platinum Asia Investments | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Judo Stock performing well and Judo Capital 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 Judo Capital'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WBCPI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EOF | 4.17 | 0.00 | 0.00 | 0.02 | 5.13 | 14.29 | 40.79 | |||
| IXJ | 0.57 | (0.03) | 0.00 | (0.56) | 0.00 | 1.04 | 3.57 | |||
| AHF | 5.58 | 2.24 | 0.37 | 4.79 | 3.49 | 15.22 | 41.58 | |||
| ADT | 1.83 | 0.22 | 0.10 | 0.76 | 1.81 | 4.87 | 12.71 | |||
| VMS | 5.04 | (0.44) | 0.00 | (0.24) | 0.00 | 9.09 | 28.33 | |||
| AAC | 0.87 | (0.01) | (0.02) | (0.01) | 1.07 | 1.48 | 6.43 | |||
| IFRA | 0.55 | (0.04) | 0.00 | (0.60) | 0.00 | 1.16 | 4.12 | |||
| ERW | 5.27 | (0.48) | 0.00 | 0.58 | 0.00 | 14.00 | 47.10 | |||
| ERA | 23.56 | 4.10 | 0.13 | (5.26) | 21.80 | 50.00 | 150.72 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Judo Capital 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?
Run Pair Correlation Now
Pair CorrelationCompare performance and examine fundamental relationship between any two equity instruments |
| All Next | Launch Module |
Judo Capital Corporate Management
Elected by the shareholders, the Judo Capital's board of directors comprises two types of representatives: Judo Capital inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Judo. The board's role is to monitor Judo Capital's management team and ensure that shareholders' interests are well served. Judo Capital'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, Judo Capital's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Chris Bayliss | Deputy CoFounder | Profile | |
| BA BCom | G Sec | Profile | |
| David McNabb | Head Governance | Profile | |
| Matt Sloan | Head Initiatives | Profile | |
| Joseph Healy | Chief Officer | Profile | |
| Andrew Leslie | GM CFO | Profile |