Anthem Correlations
| A58 Stock | | | EUR 239.10 42.10 14.97% |
The current 90-days correlation between Anthem Inc and UnitedHealth Group Incorporated is 0.29 (i.e., Modest diversification). The correlation of Anthem 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.
Anthem Correlation With Market
Average diversification
The correlation between Anthem Inc and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Anthem Inc and DJI in the same portfolio, assuming nothing else is changed.
The ability to find closely correlated positions to Anthem could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Anthem 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 Anthem - 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 Anthem Inc to buy it.
Moving together with Anthem Stock
Moving against Anthem Stock
Related Correlations Analysis
Risk-Adjusted IndicatorsThere is a big difference between Anthem Stock performing well and Anthem 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 Anthem'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.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Anthem 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.
| | Fundamental AnalysisView fundamental data based on most recent published financial statements |
Anthem Corporate Management
Elected by the shareholders, the Anthem's board of directors comprises two types of representatives: Anthem inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Anthem. The board's role is to monitor Anthem's management team and ensure that shareholders' interests are well served. Anthem'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, Anthem's outside directors are responsible for providing unbiased perspectives on the board's policies.