JAPFA COMFEED Correlations

Stocks Germany . 
Stock . JAPFA FEED A
1JC1 Stock  EUR 0.1  0  1.53%   
The current 90-days correlation between JAPFA COMFEED and Jacquet Metal Service is -0.08 (i.e., Good diversification). The correlation of JAPFA COMFEED 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.

JAPFA COMFEED Correlation With Market

Average diversification

The correlation between JAPFA FEED A and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JAPFA FEED A and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to JAPFA COMFEED could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JAPFA COMFEED 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 JAPFA COMFEED - 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 JAPFA FEED A to buy it.

Moving together with JAPFA Stock

  0.75AMZ Amazon IncPairCorr
  0.77KBIA KB Financial GroupPairCorr
  0.66FHL Federal Home LoanPairCorr
  0.74SID State BankPairCorr

Moving against JAPFA Stock

  0.6TKDA Takeda PharmaceuticalPairCorr
  0.55SUMB SUMITOMO P SPPairCorr
  0.54OIXA Orix Corp AdsPairCorr
  0.49LLD2 Lloyds Banking GroupPairCorr
  0.41OIX ORIXPairCorr

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   
PN1
+ 0.94
PN1
LY1
+ 0.81
LY1
PN1
+ 0.79
GS2C
GS2C
+ 0.76
PN1
LY1
+ 0.7
I43
LY1
+ 0.64
I43
  
High negative correlations   
TJW
- 0.65
I43
LY1
- 0.58
TJW
TJW
- 0.55
LY1
LY1
- 0.43
GS2C
GS2C
- 0.33
LY1
LY1
- 0.22
PN1

Risk-Adjusted Indicators

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

Elected by the shareholders, the JAPFA COMFEED's board of directors comprises two types of representatives: JAPFA COMFEED inside directors who are chosen from within the company, and outside directors, selected externally and held independent of JAPFA. The board's role is to monitor JAPFA COMFEED's management team and ensure that shareholders' interests are well served. JAPFA COMFEED'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, JAPFA COMFEED's outside directors are responsible for providing unbiased perspectives on the board's policies.
Retno WibisonoIndependent CommissionerProfile
H HaqIndependent CommissionerProfile
Ignatius WibowoIndependent CommissionerProfile
Jaka PrasetyaCommissionerProfile
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