Adcorp Correlations
| ADR Stock | 653.00 1.00 0.15% |
The current 90-days correlation between Adcorp and Blue Label Telecoms is -0.06 (i.e., Good diversification). The correlation of Adcorp 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.
Adcorp Correlation With Market
Very good diversification
The correlation between Adcorp and DJI is -0.35 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Adcorp and DJI in the same portfolio, assuming nothing else is changed.
Adcorp |
The ability to find closely correlated positions to Adcorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adcorp 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 Adcorp - 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 Adcorp to buy it.
Moving together with Adcorp Stock
Moving against Adcorp Stock
| 0.62 | DNB | Deneb Investments | PairCorr |
| 0.57 | RMH | RMB Holdings | PairCorr |
| 0.53 | TPC | Transpaco | PairCorr |
| 0.47 | EMN | eMedia Holdings | PairCorr |
| 0.44 | HMN | Hammerson PLC Earnings Call This Week | PairCorr |
| 0.4 | FBR | Famous Brands | PairCorr |
| 0.38 | IMP | Impala Platinum Holdings | PairCorr |
| 0.37 | ABG | Absa Group | PairCorr |
| 0.36 | FSR | Firstrand | PairCorr |
| 0.35 | SSW | Sibanye Stillwater Earnings Call This Week | PairCorr |
| 0.32 | TKG | Telkom | PairCorr |
| 0.31 | BHG | BHP Group Limited | PairCorr |
| 0.66 | ZZD | Zeda | PairCorr |
| 0.63 | ART | Argent | PairCorr |
| 0.49 | LSK | Lesaka Technologies | PairCorr |
| 0.47 | TBS | Tiger Brands | PairCorr |
| 0.41 | CLH | City Lodge Hotels | PairCorr |
| 0.39 | HCI | Hosken Consolidated | PairCorr |
| 0.38 | SAC | SA Corporate Real | PairCorr |
| 0.33 | MTM | Momentum Metropolitan | PairCorr |
| 0.33 | NPH | Northam Platinum Holdings | PairCorr |
| 0.32 | SRI | Supermarket Income REIT | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Adcorp Stock performing well and Adcorp 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 Adcorp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FTH | 1.89 | (0.01) | 0.00 | 0.17 | 0.00 | 5.64 | 16.21 | |||
| ARL | 1.25 | 0.32 | 0.20 | 3.95 | 1.11 | 3.33 | 9.86 | |||
| PHP | 1.78 | 0.22 | 0.05 | (0.21) | 2.41 | 4.60 | 14.79 | |||
| EMH | 2.11 | 0.16 | 0.03 | 0.22 | 2.73 | 6.05 | 16.42 | |||
| MDI | 2.50 | 0.21 | 0.05 | 1.42 | 3.11 | 6.57 | 21.53 | |||
| BLU | 1.84 | (0.25) | 0.00 | (0.61) | 0.00 | 3.52 | 10.95 | |||
| QFH | 3.35 | 0.62 | 0.09 | (0.30) | 3.73 | 10.53 | 34.90 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Adcorp 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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Adcorp Corporate Management
Elected by the shareholders, the Adcorp's board of directors comprises two types of representatives: Adcorp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Adcorp. The board's role is to monitor Adcorp's management team and ensure that shareholders' interests are well served. Adcorp'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, Adcorp's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Lisa Laporte | G Sec | Profile | |
| Rob Grooth | Managing Outsourcing | Profile | |
| Kay Vittee | Managing Outsourcing | Profile | |
| Trevor Fowler | Managing Services | Profile | |
| Vinolia Singh | Chief Officer | Profile |