Anfield Resources Correlations

Stocks Germany . 
Stock . Anfield Resources
0ADN Stock  EUR 0.08  0  1.25%   
The current 90-days correlation between Anfield Resources and bet at home AG is -0.09 (i.e., Good diversification). The correlation of Anfield Resources 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.

Anfield Resources Correlation With Market

Average diversification

The correlation between Anfield Resources and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Anfield Resources and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Anfield Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Anfield Resources 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 Anfield Resources - 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 Anfield Resources to buy it.

Moving together with Anfield Stock

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Moving against Anfield Stock

  0.4347M MedMiraPairCorr

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   
ACX
+ 0.81
ROW
25F
+ 0.78
1YD
1YD
+ 0.77
25F0
25F
+ 0.69
25F0
25F
+ 0.69
ROW
ROW
+ 0.68
25F0
  
High negative correlations   
A2P
- 0.19
1YD
A2P
- 0.07
25F0
25F
- 0.02
A2P
ACX
- 0.01
A2P

Risk-Adjusted Indicators

There is a big difference between Anfield Stock performing well and Anfield Resources 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 Anfield Resources' 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 Anfield Resources 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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Anfield Resources Corporate Management

Elected by the shareholders, the Anfield Resources' board of directors comprises two types of representatives: Anfield Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Anfield. The board's role is to monitor Anfield Resources' management team and ensure that shareholders' interests are well served. Anfield Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Anfield Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
Donald FalconerDirectorProfile
Nilda LayConsultantProfile
Leonard WrightIndependent DirectorProfile
Joshua BleakDirectorProfile
Toby WrightDirectorProfile
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