Maggie Beer Correlations

Stocks . Australia . 
Stock . Maggie Beer Holdings
MBH Stock   0.06  0  1.85%   
The correlation of Maggie Beer 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.

Maggie Beer Correlation With Market

Average diversification

The correlation between Maggie Beer Holdings and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Maggie Beer Holdings and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Maggie Beer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Maggie Beer 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 Maggie Beer - 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 Maggie Beer Holdings to buy it.

Moving together with Maggie Stock

  0.67SFR Sandfire ResourcesPairCorr

Moving against Maggie Stock

  0.67CBA Commonwealth BankPairCorr
  0.67IDA Indiana ResourcesPairCorr
  0.65BEN Bendigo And AdelaidePairCorr
  0.62HSN Hansen TechnologiesPairCorr
  0.62ABA Auswide BankPairCorr
  0.6BIS Bisalloy Steel GroupPairCorr
  0.58GVF Staude Capital GlobalPairCorr
  0.53AHF Australian Dairy FarmsPairCorr
  0.52HOR Horseshoe MetalsPairCorr
  0.49SHO SportsHeroPairCorr
  0.39MQGPD Macquarie GroupPairCorr
  0.37BPT Beach EnergyPairCorr
  0.37ORG Origin EnergyPairCorr
  0.33BVS Bravura SolutionsPairCorr
  0.33WBCPJ Westpac BankingPairCorr
  0.79AIQ Alternative InvestmentPairCorr
  0.75PBH Pointsbet HoldingsPairCorr
  0.72GDF Garda Diversified PptyPairCorr
  0.64AME Alto MetalsPairCorr
  0.6TLX Telix PharmaceuticalsPairCorr
  0.6JBH JB Hi FiPairCorr
  0.59HUB Hub24PairCorr
  0.57IMR Imricor Medical SystemsPairCorr
  0.54SUN Suncorp GroupPairCorr
  0.49GMD Genesis MineralsPairCorr
  0.46FSI Flagship InvestmentsPairCorr
  0.46SVW SEVEN GROUP HOLDINGSPairCorr
  0.42DEG De Grey MiningPairCorr

Related Correlations Analysis

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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   
AYI
+ 1.0
ANL
CRN
+ 0.56
88E
CRN
+ 0.52
ERA
TIG
+ 0.52
CRN
88E
+ 0.44
ERA
TIG
+ 0.4
ERA
  
High negative correlations   
AMD
- 0.11
HTA
AMD
- 0.07
88E
TIG
- 0.02
AMD
TIG
- 0.0
AYI
AMD
- 0.0
AYI
HTA
- 0.0
AYI

Risk-Adjusted Indicators

There is a big difference between Maggie Stock performing well and Maggie Beer 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 Maggie Beer'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.

Be your own money manager

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

Elected by the shareholders, the Maggie Beer's board of directors comprises two types of representatives: Maggie Beer inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Maggie. The board's role is to monitor Maggie Beer's management team and ensure that shareholders' interests are well served. Maggie Beer'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, Maggie Beer's outside directors are responsible for providing unbiased perspectives on the board's policies.
Sam ReeceHead PartnershipsProfile
Laila KhalidHead StrategyProfile
Craig LouttitChief OfficerProfile
Katrina RigoniMarketing ManagerProfile
LLB BJurisGeneral SecretaryProfile
Mancel HickeyChief DairyProfile
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