Washington Correlations

SOL Stock   41.65  0.52  1.26%   
The current 90-days correlation between Washington H Soul and QBE Insurance Group is -0.06 (i.e., Good diversification). The correlation of Washington 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.
  
The ability to find closely correlated positions to Washington could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Washington 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 Washington - 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 Washington H Soul to buy it.

Moving together with Washington Stock

  0.61WBCPJ Westpac BankingPairCorr
  0.85ASK Abacus Storage KingPairCorr
  0.62MQG Macquarie GroupPairCorr
  0.61CBAPM Commonwealth BankPairCorr
  0.84CBA Commonwealth BankPairCorr
  0.7CBAPJ Commonwealth BankPairCorr
  0.82CIP Centuria Industrial REITPairCorr
  0.7MAQ Macquarie TechnologyPairCorr
  0.68MIR Mirrabooka InvestmentsPairCorr
  0.85BXB BramblesPairCorr
  0.65IAG Insurance AustraliaPairCorr
  0.86AII Almonty Industries SplitPairCorr
  0.63VCX Vicinity CentresPairCorr
  0.73ASG Autosports GroupPairCorr
  0.79TNE Technology OnePairCorr
  0.76BDT Birddog TechnologyPairCorr
  0.73NAB National Australia BankPairCorr
  0.68BOQ Bank of QueenslandPairCorr
  0.72KTA Krakatoa ResourcesPairCorr
  0.75BNZ BENZ Mining CorpPairCorr

Moving against Washington Stock

  0.63ODY Odyssey GoldPairCorr

Related Correlations Analysis

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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   
TWEAIM
PNCPCI
PHXMBH
QBEPNC
PHXQBE
PHXPCI
  
High negative correlations   
PHXAIM
QBEAIM
TWEPHX
PNCAIM
TWEQBE
AIMPCI

Risk-Adjusted Indicators

There is a big difference between Washington Stock performing well and Washington 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 Washington'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 Washington 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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Washington Corporate Management

Elected by the shareholders, the Washington's board of directors comprises two types of representatives: Washington inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Washington. The board's role is to monitor Washington's management team and ensure that shareholders' interests are well served. Washington'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, Washington's outside directors are responsible for providing unbiased perspectives on the board's policies.
CA BEcChief OfficerProfile
LLB BBusCEO MDProfile
LLM BComGroup SecProfile
Pamela LLBCompany SecretaryProfile
Brendan ODeaChief OfficerProfile
Pamela LongstaffCompany SecretaryProfile
Dean PriceManaging CompaniesProfile