Ruffer Investment Correlations

RICA Stock

283.50 0.50 0.18%

The current 90-days correlation between Ruffer Investment and Tatton Asset Management is -0.05 (i.e., Good diversification). The correlation of Ruffer Investment 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Ruffer Investment Correlation With Market

Average diversification

The correlation between Ruffer Investment and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ruffer Investment and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Ruffer Stock

0.88	0QKN	Chocoladefabriken Lindt Earnings Call This Week	Pair Corr
0.87	0QP1	Chocoladefabriken Lindt Earnings Call This Week	Pair Corr
0.82	RKW	Rockwood Realisation PLC	Pair Corr
0.86	49GP	Croda International Plc	Pair Corr
0.71	PEYS	Princess Private Equity	Pair Corr

Moving against Ruffer Stock

0.5	TYT	Toyota Motor Corp	Pair Corr
0.32	SLPE	SL Private Equity	Pair Corr

Related Correlations Analysis

	0KV3	MMAG	TAM	0R8Q	0N4T	0QHX	0JW2	LINV
0KV3		-0.28	0.91	0.89	0.76	0.83	0.92	0.83	0KV3
MMAG	-0.28		-0.38	-0.32	-0.09	-0.36	-0.31	-0.35	MMAG
TAM	0.91	-0.38		0.86	0.64	0.85	0.85	0.9	TAM
0R8Q	0.89	-0.32	0.86		0.71	0.71	0.82	0.68	0R8Q
0N4T	0.76	-0.09	0.64	0.71		0.74	0.88	0.66	0N4T
0QHX	0.83	-0.36	0.85	0.71	0.74		0.89	0.95	0QHX
0JW2	0.92	-0.31	0.85	0.82	0.88	0.89		0.85	0JW2
LINV	0.83	-0.35	0.9	0.68	0.66	0.95	0.85		LINV
	0KV3	MMAG	TAM	0R8Q	0N4T	0QHX	0JW2	LINV

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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

LINV	+ 0.95	0QHX
0JW2	+ 0.92	0KV3
TAM	+ 0.91	0KV3
LINV	+ 0.9	TAM
0R8Q	+ 0.89	0KV3
0JW2	+ 0.89	0QHX

High negative correlations

TAM	- 0.38	MMAG
0QHX	- 0.36	MMAG
LINV	- 0.35	MMAG
0R8Q	- 0.32	MMAG
0JW2	- 0.31	MMAG
MMAG	- 0.28	0KV3

Risk-Adjusted Indicators

There is a big difference between Ruffer Stock performing well and Ruffer Investment 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 Ruffer Investment'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
0KV3	1.26	0.49	0.24	(2.11)	0.98	(1.60)	3.00	(2.31)	7.81
MMAG	0.84	0.08	(0.04)	(0.07)	1.15	(3.10)	2.99	(2.86)	13.49
TAM	1.15	0.27	0.14	1.02	0.90	(1.43)	2.75	(1.64)	12.34
0R8Q	1.25	0.42	0.24	1.00	0.84	(1.61)	2.71	(1.96)	10.81
0N4T	0.84	0.18	0.06	1.54	0.81	(0.99)	2.36	(1.62)	5.18
0QHX	1.22	0.44	0.24	1.83	0.81	(1.54)	2.88	(1.91)	8.26
0JW2	1.23	0.31	0.15	0.85	1.23	(1.43)	3.09	(1.62)	8.87
LINV	1.02	0.53	0.00	(11.51)	0.00	0.00	5.56	0.00	10.82

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Our tools can tell you how much better you can do entering a position in Ruffer Investment 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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