Anglo Asian Correlations

AAZ Stock

101.50 5.50 5.73%

The current 90-days correlation between Anglo Asian Mining and Automatic Data Processing is 0.06 (i.e., Significant diversification). The correlation of Anglo Asian 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.

Anglo Asian Correlation With Market

Significant diversification

The correlation between Anglo Asian Mining and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Anglo Asian Mining and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Anglo Stock

0.69	CEY	Centamin PLC	Pair Corr
0.74	AMRQ	Amaroq Minerals	Pair Corr
0.89	HHPD	Hon Hai Precision	Pair Corr
0.66	QLT	Quilter PLC	Pair Corr

Moving against Anglo Stock

0.66	SMSD	Samsung Electronics	Pair Corr
0.65	SMSN	Samsung Electronics	Pair Corr
0.65	RIGD	Reliance Industries	Pair Corr
0.35	0QPS	Givaudan SA	Pair Corr

Related Correlations Analysis

	0HJI	0W19	0R1A	0NW1	JD	MGAM	0HMG	SYNT
0HJI		0.31	-0.41	0.17	-0.82	-0.7	0.57	-0.88	0HJI
0W19	0.31		0.04	0.03	-0.38	-0.28	0.36	-0.44	0W19
0R1A	-0.41	0.04		0.06	0.59	0.09	-0.49	0.42	0R1A
0NW1	0.17	0.03	0.06		-0.08	-0.35	0.1	-0.2	0NW1
JD	-0.82	-0.38	0.59	-0.08		0.42	-0.47	0.79	JD
MGAM	-0.7	-0.28	0.09	-0.35	0.42		-0.5	0.82	MGAM
0HMG	0.57	0.36	-0.49	0.1	-0.47	-0.5		-0.68	0HMG
SYNT	-0.88	-0.44	0.42	-0.2	0.79	0.82	-0.68		SYNT
	0HJI	0W19	0R1A	0NW1	JD	MGAM	0HMG	SYNT

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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

SYNT	+ 0.82	MGAM
SYNT	+ 0.79	JD
JD	+ 0.59	0R1A
0HMG	+ 0.57	0HJI
SYNT	+ 0.42	0R1A
MGAM	+ 0.42	JD

High negative correlations

SYNT	- 0.88	0HJI
JD	- 0.82	0HJI
MGAM	- 0.7	0HJI
SYNT	- 0.68	0HMG
0HMG	- 0.5	MGAM
0HMG	- 0.49	0R1A

Risk-Adjusted Indicators

There is a big difference between Anglo Stock performing well and Anglo Asian 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 Anglo Asian'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
0HJI	0.63	0.14	0.07	0.60	0.50	(0.70)	1.65	(1.23)	6.86
0W19	1.62	0.19	0.02	(1.13)	1.76	(1.90)	3.83	(3.25)	13.90
0R1A	1.95	(0.13)	0.00	(0.80)	0.00	0.00	3.39	(3.83)	15.07
0NW1	2.24	0.04	(0.03)	(1.12)	2.89	(2.36)	4.82	(4.83)	17.42
JD	1.99	(0.46)	0.00	(1.18)	0.00	0.00	3.63	(3.68)	19.69
MGAM	1.13	(0.20)	0.00	15.34	0.00	0.00	1.82	(2.11)	5.19
0HMG	2.77	0.42	0.09	0.83	3.77	(2.96)	6.70	(4.99)	23.35
SYNT	2.11	(0.57)	0.00	(2.97)	0.00	0.00	4.15	(4.26)	9.46

Be your own money manager

Our tools can tell you how much better you can do entering a position in Anglo Asian 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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Anglo Asian Corporate Executives

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

	B ACA	CFO Secretary	Profile
	William Morgan	CFO Secretary	Profile

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