Sabre Insurance Correlations

Stocks . Germany . 
Stock . Sabre Insurance Group
18M Stock  EUR 1.55  0.03  1.97%   
The current 90-days correlation between Sabre Insurance Group and SK hynix is 0.15 (i.e., Average diversification). The correlation of Sabre Insurance 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.

Sabre Insurance Correlation With Market

Poor diversification

The correlation between Sabre Insurance Group and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sabre Insurance Group and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Sabre Insurance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sabre Insurance 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 Sabre Insurance - 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 Sabre Insurance Group to buy it.

Moving together with Sabre Stock

  0.611RR1 ROKMASTER RESOURCESPairCorr
  0.64CV5 Covenant LogisticsPairCorr
  0.714I1 Philip Morris InternPairCorr
  0.65NCO Nedbank Group Limited Earnings Call This WeekPairCorr
  0.65MCP MICROCHIP TECHPairCorr
  0.66MCP Microchip TechnologyPairCorr
  0.75HY9H SK hynixPairCorr
  0.66SII Wheaton Precious MetalsPairCorr
  0.7KGHA KGHM Polska MiedzPairCorr
  0.76FAC Falcon Oil GasPairCorr
  0.68C43 Cosmo PharmaceuticalsPairCorr

Moving against Sabre Stock

  0.63WRI Washington Real EstatePairCorr
  0.53013A JD Inc Adr Earnings Call This WeekPairCorr
  0.48013C JD Inc Earnings Call This WeekPairCorr
  0.57DBPD Xtrackers ShortDAXPairCorr

Related Correlations Analysis


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

SSUN
+ 0.99
SSU
SSUN
+ 0.99
SSU
SSU
+ 0.99
SSU
SSUN
+ 0.99
SSUN
SSU
+ 0.99
SSUN
HY9H
+ 0.98
SSU
  

High negative correlations

TCID
- 0.68
SSUN
TCID
- 0.68
SSUN
TCID
- 0.67
SSU
TCID
- 0.66
SSU
HY9H
- 0.63
TCID
HY9H
- 0.46
PTI

Risk-Adjusted Indicators

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

Elected by the shareholders, the Sabre Insurance's board of directors comprises two types of representatives: Sabre Insurance inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sabre. The board's role is to monitor Sabre Insurance's management team and ensure that shareholders' interests are well served. Sabre Insurance'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, Sabre Insurance's outside directors are responsible for providing unbiased perspectives on the board's policies.
James OckendenChief ActuaryProfile
Geoffrey CarterCEO DirectorProfile
Hanro HeerdenGroup ControllerProfile
Ian ClarkNon-Executive Independent DirectorProfile
Anneka KinganChief Risk Officer, Company SecretaryProfile
Matt WrightChief ActuaryProfile
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