Cairo Communication Correlations

0N7I Stock

2.78 0.10 3.47%

The current 90-days correlation between Cairo Communication SpA and Berkshire Hathaway is 0.01 (i.e., Significant diversification). The correlation of Cairo Communication 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.

Cairo Communication Correlation With Market

Weak diversification

The correlation between Cairo Communication SpA and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cairo Communication SpA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Cairo Stock

0.82	SMSD	Samsung Electronics	Pair Corr
0.82	BC94	Samsung Electronics	Pair Corr
0.82	SMSN	Samsung Electronics	Pair Corr
0.65	HSBK	Halyk Bank	Pair Corr
0.76	0R15	SoftBank Group Corp	Pair Corr
0.64	AEO	Aeorema Communications	Pair Corr

Related Correlations Analysis

	0R37	SMSD	BC94	SMSN	0QKN	0QP1	HSBK	0R15
0R37		-0.35	-0.31	-0.31	-0.19	-0.08	0.01	-0.32	0R37
SMSD	-0.35		1.0	1.0	0.63	0.5	0.78	0.96	SMSD
BC94	-0.31	1.0		1.0	0.62	0.5	0.8	0.95	BC94
SMSN	-0.31	1.0	1.0		0.63	0.5	0.8	0.95	SMSN
0QKN	-0.19	0.63	0.62	0.63		0.95	0.49	0.66	0QKN
0QP1	-0.08	0.5	0.5	0.5	0.95		0.4	0.52	0QP1
HSBK	0.01	0.78	0.8	0.8	0.49	0.4		0.68	HSBK
0R15	-0.32	0.96	0.95	0.95	0.66	0.52	0.68		0R15
	0R37	SMSD	BC94	SMSN	0QKN	0QP1	HSBK	0R15

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

BC94	+ 1.0	SMSD
SMSN	+ 1.0	SMSD
SMSN	+ 1.0	BC94
0R15	+ 0.96	SMSD
0R15	+ 0.95	BC94
0R15	+ 0.95	SMSN

High negative correlations

SMSD	- 0.35	0R37
0R15	- 0.32	0R37
SMSN	- 0.31	0R37
BC94	- 0.31	0R37
0QKN	- 0.19	0R37
0QP1	- 0.08	0R37

Risk-Adjusted Indicators

There is a big difference between Cairo Stock performing well and Cairo Communication 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 Cairo Communication'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
0R37	0.72	0.08	0.00	2.22	0.79	(0.72)	1.33	(1.38)	3.03
SMSD	1.58	0.30	0.13	0.49	1.84	(1.90)	3.51	(3.52)	10.35
BC94	1.79	0.35	0.17	0.41	1.80	(2.15)	4.54	(2.94)	12.37
SMSN	1.90	0.34	0.16	0.33	2.01	(2.34)	4.48	(3.03)	11.94
0QKN	0.75	0.14	0.09	1.22	0.69	(0.90)	2.36	(1.35)	6.56
0QP1	0.84	0.13	0.06	0.57	0.92	(0.90)	1.99	(1.42)	6.74
HSBK	0.88	0.01	(0.04)	0.12	1.06	(1.00)	1.93	(1.85)	8.47
0R15	3.82	1.44	0.23	1.36	4.63	(4.06)	10.11	(6.47)	31.38

Be your own money manager

Our tools can tell you how much better you can do entering a position in Cairo Communication 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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Cairo Communication Corporate Executives

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

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