Agricultural Bank Correlations
| ACGBY Stock | USD 12.48 0.05 0.40% |
The current 90-days correlation between Agricultural Bank and Bank of America is 0.11 (i.e., Average diversification). The correlation of Agricultural Bank 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.
Agricultural Bank Correlation With Market
Significant diversification
The correlation between Agricultural Bank of and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Agricultural Bank of and DJI in the same portfolio, assuming nothing else is changed.
Agricultural |
The ability to find closely correlated positions to Agricultural Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Agricultural Bank 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 Agricultural Bank - 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 Agricultural Bank of to buy it.
Moving together with Agricultural Pink Sheet
| 0.64 | BML-PG | Bank of America | PairCorr |
| 0.85 | IDCBY | Industrial Commercial | PairCorr |
| 0.71 | WFC-PY | Wells Fargo | PairCorr |
| 0.67 | SSNLF | Samsung Electronics | PairCorr |
| 0.81 | PTAIF | PT Astra International | PairCorr |
| 0.75 | GARPF | Golden Agri Resources | PairCorr |
| 0.66 | CIADY | China Mengniu Dairy | PairCorr |
| 0.64 | FDS | FactSet Research Systems | PairCorr |
| 0.77 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.63 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.71 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.62 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
Moving against Agricultural Pink Sheet
| 0.71 | EC | Ecopetrol SA ADR | PairCorr |
| 0.58 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.54 | BKRKY | Bank Rakyat | PairCorr |
| 0.52 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.48 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.47 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.69 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.48 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.41 | PG | Procter Gamble | PairCorr |
Related Correlations Analysis
| 0.79 | 0.84 | 0.46 | 0.91 | BML-PG | ||
| 0.79 | 0.86 | 0.6 | 0.84 | BML-PJ | ||
| 0.84 | 0.86 | 0.4 | 0.91 | BML-PL | ||
| 0.46 | 0.6 | 0.4 | 0.44 | CICHF | ||
| 0.91 | 0.84 | 0.91 | 0.44 | BML-PH | ||
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Risk-Adjusted Indicators
There is a big difference between Agricultural Pink Sheet performing well and Agricultural Bank 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 Agricultural Bank'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BML-PG | 0.42 | 0.04 | (0.13) | (0.17) | 0.58 | 0.97 | 2.56 | |||
| BML-PJ | 0.41 | 0.09 | (0.06) | (17.90) | 0.32 | 0.90 | 2.24 | |||
| BML-PL | 0.44 | 0.12 | 0.01 | 4.64 | 0.31 | 0.89 | 2.91 | |||
| CICHF | 2.01 | 0.27 | 0.02 | (0.65) | 2.64 | 6.76 | 20.13 | |||
| BML-PH | 0.50 | 0.07 | (0.07) | (1.04) | 0.66 | 0.97 | 3.42 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Agricultural Bank 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.Did you try this?
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