Ageas SA/NV Correlations

AGESF Stock

USD 69.95 0.00 0.00%

The current 90-days correlation between Ageas SA/NV and Sun Life Financial is -0.01 (i.e., Good diversification). The correlation of Ageas SA/NV 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.

Ageas SA/NV Correlation With Market

Poor diversification

The correlation between ageas SANV and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ageas SANV and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Ageas SA/NV could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ageas SA/NV 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 Ageas SA/NV - 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 ageas SANV to buy it.

Moving together with Ageas Pink Sheet

0.7	ALIZF	Allianz SE	Pair Corr
0.73	ALIZY	Allianz SE ADR	Pair Corr
0.71	BIMT	Bitmis Corp	Pair Corr
0.65	MCCK	Mestek Inc	Pair Corr
0.67	AAL	American Airlines	Pair Corr
0.85	CRGGF	China Resources Gas	Pair Corr
0.8	CVLG	Covenant Logistics	Pair Corr
0.67	IDXG	Interpace Biosciences	Pair Corr
0.88	FSUMF	Fortescue Metals	Pair Corr
0.62	PILBF	Pilbara Minerals Earnings Call This Week	Pair Corr
0.66	GOOG	Alphabet Class C	Pair Corr
0.61	SBGSY	Schneider Electric	Pair Corr
0.82	MDVT	Middlebury National Normal Trading	Pair Corr

Moving against Ageas Pink Sheet

0.86	PNGM	Er Therapeutics	Pair Corr
0.84	STI	Solidion Technology	Pair Corr
0.49	BRK-A	Berkshire Hathaway	Pair Corr
0.76	GTEH	Gentech Holdings	Pair Corr
0.32	KR	Kroger Company	Pair Corr

Related Correlations Analysis

	SLFIF	BKKPF	GJNSF	ISDAF	AEGOF	AGRPY	BPHLF	ALBKY	BLHEF	MPFRY
SLFIF		0.55	0.0	0.85	0.59	0.61	0.11	0.28	0.0	-0.08	SLFIF
BKKPF	0.55		0.0	0.6	0.72	0.87	0.29	0.78	0.0	-0.04	BKKPF
GJNSF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	-1.0	0.0	GJNSF
ISDAF	0.85	0.6	0.0		0.67	0.66	0.12	0.29	0.0	-0.01	ISDAF
AEGOF	0.59	0.72	0.0	0.67		0.81	0.11	0.34	0.0	-0.1	AEGOF
AGRPY	0.61	0.87	0.0	0.66	0.81		0.34	0.72	0.0	0.09	AGRPY
BPHLF	0.11	0.29	0.0	0.12	0.11	0.34		0.34	0.0	0.26	BPHLF
ALBKY	0.28	0.78	0.0	0.29	0.34	0.72	0.34		0.0	0.13	ALBKY
BLHEF	0.0	0.0	-1.0	0.0	0.0	0.0	0.0	0.0		0.0	BLHEF
MPFRY	-0.08	-0.04	0.0	-0.01	-0.1	0.09	0.26	0.13	0.0		MPFRY
	SLFIF	BKKPF	GJNSF	ISDAF	AEGOF	AGRPY	BPHLF	ALBKY	BLHEF	MPFRY

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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

AGRPY	+ 0.87	BKKPF
ISDAF	+ 0.85	SLFIF
AGRPY	+ 0.81	AEGOF
ALBKY	+ 0.78	BKKPF
AEGOF	+ 0.72	BKKPF
ALBKY	+ 0.72	AGRPY

High negative correlations

BLHEF	- 1.0	GJNSF
MPFRY	- 0.1	AEGOF
MPFRY	- 0.08	SLFIF
MPFRY	- 0.04	BKKPF
MPFRY	- 0.01	ISDAF
MPFRY	- 0.0	BLHEF

Risk-Adjusted Indicators

There is a big difference between Ageas Pink Sheet performing well and Ageas SA/NV 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 Ageas SA/NV'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
SLFIF	0.05	0.01	0.00	0.40	0.00	0.00	0.00	0.00	1.79
BKKPF	0.31	0.16	0.00	7.93	0.00	0.00	0.67	0.00	6.67
GJNSF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ISDAF	0.14	0.03	0.00	(2.50)	0.00	0.00	0.00	0.00	4.56
AEGOF	0.33	0.14	0.00	(1.03)	0.00	0.00	0.00	0.00	12.55
AGRPY	1.68	0.55	0.17	1.77	1.52	(2.58)	4.87	(2.56)	13.84
BPHLF	7.79	(0.32)	0.00	(0.55)	0.00	0.00	20.32	(12.32)	28.58
ALBKY	2.74	0.21	0.04	0.41	3.56	(2.99)	5.49	(4.35)	20.08
BLHEF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MPFRY	1.42	0.21	0.02	(0.77)	2.25	(4.10)	5.75	(5.19)	19.33

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ageas SA/NV 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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