Ordinary Fully Correlations

BTRDA Stock

0.47 0.00 0.00%

The current 90-days correlation between Ordinary Fully Paid and Austco Healthcare is -0.1 (i.e., Good diversification). The correlation of Ordinary Fully 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.

Ordinary Fully Correlation With Market

Good diversification

The correlation between Ordinary Fully Paid and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ordinary Fully Paid and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Ordinary Stock

0.71	SX2	Southern Cross Gold	Pair Corr
0.61	OCL	Objective	Pair Corr

Moving against Ordinary Stock

0.57	RIO	RIO Tinto Earnings Call This Week	Pair Corr
0.43	ATM	Aneka Tambang TBK	Pair Corr
0.34	BHP	BHP Group	Pair Corr

Related Correlations Analysis

	COF	AHC	REG	KKC	SHL	WBCPM	NABPH	PCI
COF		0.06	-0.05	-0.25	0.17	-0.04	-0.21	-0.34	COF
AHC	0.06		0.25	0.77	0.77	0.78	0.73	0.52	AHC
REG	-0.05	0.25		0.29	0.38	0.26	0.24	0.39	REG
KKC	-0.25	0.77	0.29		0.81	0.88	0.92	0.76	KKC
SHL	0.17	0.77	0.38	0.81		0.84	0.79	0.69	SHL
WBCPM	-0.04	0.78	0.26	0.88	0.84		0.9	0.64	WBCPM
NABPH	-0.21	0.73	0.24	0.92	0.79	0.9		0.75	NABPH
PCI	-0.34	0.52	0.39	0.76	0.69	0.64	0.75		PCI
	COF	AHC	REG	KKC	SHL	WBCPM	NABPH	PCI

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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

NABPH	+ 0.92	KKC
NABPH	+ 0.9	WBCPM
WBCPM	+ 0.88	KKC
WBCPM	+ 0.84	SHL
SHL	+ 0.81	KKC
NABPH	+ 0.79	SHL

High negative correlations

PCI	- 0.34	COF
KKC	- 0.25	COF
NABPH	- 0.21	COF
REG	- 0.05	COF
WBCPM	- 0.04	COF

Risk-Adjusted Indicators

There is a big difference between Ordinary Stock performing well and Ordinary Fully 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 Ordinary Fully'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
COF	1.11	0.04	(0.06)	0.32	1.13	(1.65)	2.54	(1.65)	7.56
AHC	2.59	0.39	0.07	0.68	2.47	(4.45)	6.67	(5.71)	13.59
REG	1.34	0.15	(0.02)	1.43	1.49	(1.45)	2.84	(3.06)	10.83
KKC	0.72	0.15	(0.06)	(12.92)	0.60	(1.00)	1.38	(1.33)	3.52
SHL	0.70	0.08	(0.07)	0.46	0.79	(0.72)	1.49	(1.38)	4.32
WBCPM	0.16	0.04	(0.72)	(0.53)	0.00	(0.18)	0.38	(0.33)	1.32
NABPH	0.10	0.02	(1.06)	(0.35)	0.00	(0.11)	0.24	(0.18)	0.87
PCI	0.91	0.07	(0.09)	(3.23)	1.05	(1.28)	2.54	(2.48)	6.02

Ordinary Fully Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Ordinary Fully stock to make a market-neutral strategy. Peer analysis of Ordinary Fully could also be used in its relative valuation, which is a method of valuing Ordinary Fully by comparing valuation metrics with similar companies.

Centuria Office REIT Austco Healthcare Regis Healthcare KKR Credit Income Sonic Healthcare Westpac Banking National Australia Bank Perpetual Credit Income American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

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Correlation

Ordinary Fully Corporate Management

Elected by the shareholders, the Ordinary Fully's board of directors comprises two types of representatives: Ordinary Fully inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ordinary. The board's role is to monitor Ordinary Fully's management team and ensure that shareholders' interests are well served. Ordinary Fully'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, Ordinary Fully's outside directors are responsible for providing unbiased perspectives on the board's policies.

Nicky Martin	Chief Officer	Profile
Wenhua Shan	Chief Geologist	Profile
Benjamin Smith	Company Secretary	Profile
Dean Vallve	Chief Officer	Profile
Ian Pegg	Chief Geologist	Profile

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