Assicurazioni Generali Correlations

ARZGF Stock

USD 35.19 0.00 0.00%

The current 90-days correlation between Assicurazioni Generali and Assicurazioni Generali SpA is 0.09 (i.e., Significant diversification). The correlation of Assicurazioni Generali 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.

Assicurazioni Generali Correlation With Market

Average diversification

The correlation between Assicurazioni Generali SpA and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Assicurazioni Generali SpA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Assicurazioni Pink Sheet

0.75	AXAHF	AXA SA	Pair Corr
0.65	JPM	JPMorgan Chase	Pair Corr
0.72	GIL	Gildan Activewear	Pair Corr
0.63	LEVI	Levi Strauss	Pair Corr
0.68	MSFT	Microsoft	Pair Corr
0.71	BN	Brookfield Corp	Pair Corr
0.65	NDAQ	Nasdaq Inc Earnings Call This Week	Pair Corr
0.65	OZK	Bank Ozk	Pair Corr
0.61	F	Ford Motor Earnings Call This Week	Pair Corr

Moving against Assicurazioni Pink Sheet

0.46	EQC	Equity Commonwealth	Pair Corr
0.4	BRK-A	Berkshire Hathaway	Pair Corr
0.4	713448DP0	PEPSICO INC 345	Pair Corr
0.39	BRK-B	Berkshire Hathaway	Pair Corr
0.36	29103DAM8	EMERA FIN LP	Pair Corr
0.35	ALLIF	Alpha Lithium	Pair Corr

Related Correlations Analysis

	ARZGY	AXAHF	ATH-PB	ATH-PC	ACGLO	CRARF	BFFAF	ENGQF	INGVF
ARZGY		0.32	0.19	0.21	0.14	0.61	0.17	0.2	0.46	ARZGY
AXAHF	0.32		0.67	0.61	0.66	0.48	0.32	0.71	0.68	AXAHF
ATH-PB	0.19	0.67		0.87	0.84	0.38	0.23	0.85	0.81	ATH-PB
ATH-PC	0.21	0.61	0.87		0.58	0.34	-0.05	0.89	0.85	ATH-PC
ACGLO	0.14	0.66	0.84	0.58		0.3	0.48	0.68	0.55	ACGLO
CRARF	0.61	0.48	0.38	0.34	0.3		0.33	0.38	0.55	CRARF
BFFAF	0.17	0.32	0.23	-0.05	0.48	0.33		0.21	0.09	BFFAF
ENGQF	0.2	0.71	0.85	0.89	0.68	0.38	0.21		0.79	ENGQF
INGVF	0.46	0.68	0.81	0.85	0.55	0.55	0.09	0.79		INGVF
	ARZGY	AXAHF	ATH-PB	ATH-PC	ACGLO	CRARF	BFFAF	ENGQF	INGVF

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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

ENGQF	+ 0.89	ATH-PC
ATH-PC	+ 0.87	ATH-PB
ENGQF	+ 0.85	ATH-PB
INGVF	+ 0.85	ATH-PC
ACGLO	+ 0.84	ATH-PB
INGVF	+ 0.81	ATH-PB

High negative correlations

BFFAF

- 0.05

ATH-PC

Risk-Adjusted Indicators

There is a big difference between Assicurazioni Pink Sheet performing well and Assicurazioni Generali 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 Assicurazioni Generali'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
ARZGY	1.12	0.21	0.06	2.96	1.22	(1.28)	2.46	(2.11)	10.01
AXAHF	1.13	0.23	0.02	(0.57)	1.39	(1.61)	2.93	(2.82)	12.45
ATH-PB	0.45	0.07	(0.06)	0.45	0.40	(0.53)	1.18	(0.85)	2.56
ATH-PC	0.09	0.01	(0.69)	1.93	0.00	(0.11)	0.24	(0.16)	0.82
ACGLO	0.40	0.03	(0.16)	0.27	0.39	(0.46)	1.10	(0.82)	2.68
CRARF	2.00	0.27	0.03	(11.56)	2.18	(4.39)	6.59	(4.92)	15.03
BFFAF	1.24	0.05	(0.03)	0.34	1.46	(2.04)	4.11	(2.70)	11.70
ENGQF	3.51	0.31	0.07	0.41	4.18	(3.77)	8.59	(7.14)	21.36
INGVF	1.01	0.41	0.00	(2.61)	0.00	0.00	4.39	(0.75)	12.50

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Our tools can tell you how much better you can do entering a position in Assicurazioni Generali 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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Assicurazioni Generali Corporate Management

Cristiano Borean	Group Reports	Profile
Maurizio Basso	Group Compliance Officer	Profile
Philippe Donnet	Country Manager, Italy	Profile
Monica Possa	Head of Human Resources and Organization	Profile
Antonio Cangeri	General Counsel, Secretary	Profile
Fabio Cleva	Head Relations	Profile

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