CIG PANNONIA Correlations
| 0CKA Stock | EUR 0.95 0.10 11.76% |
The current 90-days correlation between CIG PANNONIA LIFE and Acadia Healthcare is 0.01 (i.e., Significant diversification). The correlation of CIG PANNONIA 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.
CIG PANNONIA Correlation With Market
Average diversification
The correlation between CIG PANNONIA LIFE and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CIG PANNONIA LIFE and DJI in the same portfolio, assuming nothing else is changed.
CIG |
The ability to find closely correlated positions to CIG PANNONIA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CIG PANNONIA 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 CIG PANNONIA - 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 CIG PANNONIA LIFE to buy it.
Moving together with CIG Stock
| 0.64 | PZXB | PING AN INSURANCH | PairCorr |
| 0.8 | 75CB | CHINA PACINGRGDR5 YC1 | PairCorr |
| 0.79 | 1BF | Phoenix Group Holdings | PairCorr |
| 0.68 | LA6S | SANLAM LTD RC | PairCorr |
| 0.69 | HIUC | China Taiping Insurance | PairCorr |
| 0.76 | KB9 | KBC Ancora SCA | PairCorr |
| 0.76 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.76 | E908 | Lyxor 1 | PairCorr |
Moving against CIG Stock
| 0.76 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.67 | AFL | Aflac Incorporated | PairCorr |
| 0.53 | 8VY | SCANDION ONC DK | PairCorr |
| 0.39 | ODQ | ODYSSEY GOLD LTD | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between CIG Stock performing well and CIG PANNONIA 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 CIG PANNONIA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 7RA | 2.46 | (0.22) | 0.00 | (0.77) | 0.00 | 4.79 | 21.36 | |||
| SMG | 2.37 | 0.45 | 0.18 | 0.53 | 1.97 | 5.78 | 26.57 | |||
| PRE1 | 2.02 | 0.36 | 0.08 | (0.65) | 1.96 | 4.95 | 14.28 | |||
| CLH | 0.91 | 0.23 | 0.08 | 3.83 | 0.79 | 2.75 | 7.26 | |||
| SBC | 1.34 | 0.05 | (0.07) | (0.03) | 1.61 | 2.72 | 9.44 | |||
| 9EH | 3.10 | 0.25 | 0.03 | 1.15 | 4.60 | 7.14 | 23.26 | |||
| 6SD | 3.28 | 0.64 | 0.08 | (0.70) | 3.98 | 6.90 | 25.74 | |||
| SMG | 2.37 | 0.51 | 0.18 | 1.02 | 2.14 | 6.02 | 17.94 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in CIG PANNONIA 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.Did you try this?
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CIG PANNONIA Corporate Management
Elected by the shareholders, the CIG PANNONIA's board of directors comprises two types of representatives: CIG PANNONIA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CIG. The board's role is to monitor CIG PANNONIA's management team and ensure that shareholders' interests are well served. CIG PANNONIA'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, CIG PANNONIA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Gergely Horvath | Director | Profile | |
| Istvan Papp | Member of the Supervisory Board | Profile | |
| Katalin Halasz | Chief Medical Officer | Profile | |
| Istvan Boros | Member of the Supervisory Board | Profile | |
| Gyula Miko | Director | Profile | |
| Imre Pinter | Compliance Officer | Profile |