Trisura Correlations

QPA1 Stock

EUR 25.60 0.60 2.29%

The current 90-days correlation between Trisura Group and Assured Guaranty is -0.23 (i.e., Very good diversification). The correlation of Trisura 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.

Trisura Correlation With Market

Weak diversification

The correlation between Trisura Group and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Trisura Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Trisura Stock

0.62	3GU	nib holdings limited	Pair Corr
0.7	TCID	Telkom Indonesia Tbk	Pair Corr

Moving against Trisura Stock

0.62	DHU	Assured Guaranty	Pair Corr
0.6	YGB	EMPLOYERS HLDGS DL	Pair Corr
0.44	CMAB	Mapfre SA	Pair Corr
0.42	TPW	Trupanion	Pair Corr
0.4	Y1F	First American Financial	Pair Corr
0.37	PJM	PT Bumi Resources	Pair Corr
0.69	SK3	Smurfit Kappa Group	Pair Corr
0.69	2T9A	TRAINLINE PLC LS	Pair Corr
0.69	WD5A	TRAVEL LEISURE DL	Pair Corr
0.62	ADH2	Air Canada	Pair Corr
0.59	KEY	KeyCorp	Pair Corr
0.57	M4I	Mastercard	Pair Corr
0.57	AF4	HANOVER INSURANCE	Pair Corr
0.54	M5V	EHEALTH	Pair Corr
0.54	HIP	Park Hotels Resorts	Pair Corr
0.52	0XHR	Xenia Hotels Resorts	Pair Corr
0.52	6GAA	Grupo Aval Acciones	Pair Corr
0.52	WX1	Acadia Realty Trust	Pair Corr
0.46	APC	Apple Inc	Pair Corr
0.72	QAN	Qantas Airways	Pair Corr
0.64	CQD	Charter Communications	Pair Corr
0.64	DC4	DexCom Inc	Pair Corr
0.63	ZIM	Zimmer Biomet Holdings	Pair Corr

Related Correlations Analysis

	CMAB	Y1F	MGC	DHU	RAG	3GU	TPW	LNH	QPA1	YGB
CMAB		0.47	0.3	0.64	0.29	-0.23	0.8	0.07	-0.44	0.7	CMAB
Y1F	0.47		0.86	0.82	0.82	-0.37	0.64	0.49	-0.4	0.79	Y1F
MGC	0.3	0.86		0.73	0.84	-0.2	0.56	0.31	-0.2	0.61	MGC
DHU	0.64	0.82	0.73		0.69	-0.42	0.82	0.34	-0.62	0.9	DHU
RAG	0.29	0.82	0.84	0.69		-0.1	0.49	0.36	-0.18	0.64	RAG
3GU	-0.23	-0.37	-0.2	-0.42	-0.1		-0.33	-0.57	0.62	-0.4	3GU
TPW	0.8	0.64	0.56	0.82	0.49	-0.33		0.19	-0.42	0.74	TPW
LNH	0.07	0.49	0.31	0.34	0.36	-0.57	0.19		-0.2	0.43	LNH
QPA1	-0.44	-0.4	-0.2	-0.62	-0.18	0.62	-0.42	-0.2		-0.6	QPA1
YGB	0.7	0.79	0.61	0.9	0.64	-0.4	0.74	0.43	-0.6		YGB
	CMAB	Y1F	MGC	DHU	RAG	3GU	TPW	LNH	QPA1	YGB

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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

YGB	+ 0.9	DHU
MGC	+ 0.86	Y1F
RAG	+ 0.84	MGC
DHU	+ 0.82	Y1F
RAG	+ 0.82	Y1F
TPW	+ 0.82	DHU

High negative correlations

QPA1	- 0.62	DHU
YGB	- 0.6	QPA1
LNH	- 0.57	3GU
QPA1	- 0.44	CMAB
QPA1	- 0.42	TPW
3GU	- 0.42	DHU

Risk-Adjusted Indicators

There is a big difference between Trisura Stock performing well and Trisura 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 Trisura'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
CMAB	0.95	0.05	0.03	1.39	1.07	(1.15)	2.02	(1.98)	6.75
Y1F	1.06	0.01	(0.01)	0.04	1.22	(1.47)	2.55	(2.38)	6.83
MGC	1.16	(0.03)	0.00	(0.03)	0.00	0.00	2.52	(2.61)	8.72
DHU	2.37	0.32	0.09	(1.67)	2.64	(2.85)	4.84	(4.62)	15.30
RAG	1.23	(0.07)	0.00	(0.06)	0.00	0.00	2.74	(3.16)	10.70
3GU	1.72	(0.18)	0.00	(0.15)	0.00	0.00	3.55	(3.55)	23.33
TPW	2.43	0.26	0.07	0.69	3.24	(2.31)	5.34	(6.39)	14.25
LNH	1.79	(0.01)	0.00	0.01	2.43	(1.93)	3.97	(2.93)	13.76
QPA1	1.36	(0.11)	0.00	(0.14)	0.00	0.00	2.86	(2.92)	8.54
YGB	1.08	0.18	0.14	0.16	0.89	(1.54)	2.00	(1.82)	11.38

Be your own money manager

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

Elected by the shareholders, the Trisura's board of directors comprises two types of representatives: Trisura inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Trisura. The board's role is to monitor Trisura's management team and ensure that shareholders' interests are well served. Trisura'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, Trisura's outside directors are responsible for providing unbiased perspectives on the board's policies.

Michael Beasley	CEO Company	Profile
Eileen Sweeney	Ex Specialty	Profile
James Doyle	Chief Officer	Profile
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