Anexo Group Correlations

ANX Stock

66.00 1.00 1.49%

The current 90-days correlation between Anexo Group Plc and AfriTin Mining is 0.14 (i.e., Average diversification). The correlation of Anexo Group 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.

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

Moving together with Anexo Stock

0.75	SMSN	Samsung Electronics	Pair Corr
0.75	BC94	Samsung Electronics	Pair Corr
0.75	SMSD	Samsung Electronics	Pair Corr
0.65	SBID	State Bank	Pair Corr
0.87	RIGD	Reliance Industries	Pair Corr
0.87	HSBK	Halyk Bank	Pair Corr
0.71	AXB	Axis Bank	Pair Corr
0.82	KAP	JSC National Atomic	Pair Corr
0.86	INSE	Inspired Plc	Pair Corr
0.84	ARR	Aurora Investment Trust	Pair Corr
0.81	DEC	Diversified Energy	Pair Corr
0.84	0P4F	Ford Motor	Pair Corr
0.61	0M69	OTP Bank Nyrt	Pair Corr
0.63	SLP	Sylvania Platinum	Pair Corr
0.81	ICG	Intermediate Capital	Pair Corr
0.86	HMSO	Hammerson PLC	Pair Corr
0.85	0ROQ	Comet Holding AG	Pair Corr
0.76	0FF9	Nordic Semiconductor ASA	Pair Corr

Moving against Anexo Stock

0.52

0R15

SoftBank Group Corp

Pair Corr

Related Correlations Analysis

	0R0U	EDV	0HTZ	IAG	0A76	ATM	CLA	RSG
0R0U		0.79	-0.39	0.89	0.85	-0.11	-0.1	0.83	0R0U
EDV	0.79		-0.36	0.78	0.8	-0.13	-0.16	0.87	EDV
0HTZ	-0.39	-0.36		-0.27	-0.39	0.28	0.15	-0.22	0HTZ
IAG	0.89	0.78	-0.27		0.72	0.09	-0.08	0.91	IAG
0A76	0.85	0.8	-0.39	0.72		-0.1	-0.08	0.75	0A76
ATM	-0.11	-0.13	0.28	0.09	-0.1		0.15	0.15	ATM
CLA	-0.1	-0.16	0.15	-0.08	-0.08	0.15		-0.07	CLA
RSG	0.83	0.87	-0.22	0.91	0.75	0.15	-0.07		RSG
	0R0U	EDV	0HTZ	IAG	0A76	ATM	CLA	RSG

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

RSG	+ 0.91	IAG
IAG	+ 0.89	0R0U
RSG	+ 0.87	EDV
0A76	+ 0.85	0R0U
RSG	+ 0.83	0R0U
0A76	+ 0.8	EDV

High negative correlations

0A76	- 0.39	0HTZ
0HTZ	- 0.39	0R0U
0HTZ	- 0.36	EDV
IAG	- 0.27	0HTZ
RSG	- 0.22	0HTZ
CLA	- 0.16	EDV

Risk-Adjusted Indicators

There is a big difference between Anexo Stock performing well and Anexo Group 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 Anexo Group'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
0R0U	2.93	0.62	0.20	0.63	2.55	(3.79)	7.87	(4.03)	25.50
EDV	2.10	0.37	0.09	4.42	2.64	(2.19)	5.91	(5.49)	12.95
0HTZ	2.70	0.12	0.01	0.54	3.63	(2.64)	4.80	(5.13)	17.06
IAG	1.95	0.45	0.15	1.66	2.11	(2.11)	4.88	(3.96)	10.30
0A76	1.35	0.28	0.10	(3.15)	1.44	(1.44)	2.95	(2.47)	7.79
ATM	2.50	0.00	0.00	0.13	0.00	0.00	6.90	(6.30)	21.98
CLA	0.66	(0.19)	0.00	5.49	0.00	0.00	0.00	0.00	13.16
RSG	3.40	0.58	0.10	(1.41)	3.66	(3.93)	7.72	(7.26)	26.17

Be your own money manager

Our tools can tell you how much better you can do entering a position in Anexo Group 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?

Run Technical Analysis Now

Technical Analysis

Check basic technical indicators and analysis based on most latest market data

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC