Ageas SA/NV Correlations

AGESY Stock

USD 50.86 0.14 0.28%

The current 90-days correlation between Ageas SA/NV and Sampo OYJ is 0.04 (i.e., Significant 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Ageas SA/NV Correlation With Market

Significant diversification

The correlation between ageas SANV and DJI is 0.01 (i.e., Significant 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

0.69	ALIZF	Allianz SE	Pair Corr
0.78	ZURVY	Zurich Insurance Normal Trading	Pair Corr
0.62	ZFSVF	Zurich Insurance	Pair Corr

Moving against Ageas Pink Sheet

0.75	BKSY	Blacksky Technology Buyout Trend	Pair Corr
0.64	ALIZY	Allianz SE ADR	Pair Corr
0.62	KSPI	Joint Stock	Pair Corr
0.59	AXAHY	Axa SA ADR	Pair Corr
0.5	CSTXF	CryptoStar Corp	Pair Corr
0.41	KSCP	Knightscope Upward Rally	Pair Corr
0.39	TTWO	Take Two Interactive	Pair Corr
0.34	EATBF	Eat Beyond Global	Pair Corr
0.34	DXYZ	Destiny Tech100 Trending	Pair Corr

Related Correlations Analysis

	ARZGF	AXAHF	SAXPY	ZURVY	ATH-PB	ATH-PC	ACGLO	ARZGY	SAXPF
ARZGF		0.07	-0.06	0.66	0.33	0.54	0.29	0.51	-0.23	ARZGF
AXAHF	0.07		0.83	0.44	0.42	-0.25	0.74	0.57	0.58	AXAHF
SAXPY	-0.06	0.83		0.24	0.43	-0.45	0.69	0.36	0.72	SAXPY
ZURVY	0.66	0.44	0.24		0.5	0.41	0.49	0.83	-0.02	ZURVY
ATH-PB	0.33	0.42	0.43	0.5		0.21	0.69	0.38	0.38	ATH-PB
ATH-PC	0.54	-0.25	-0.45	0.41	0.21		0.06	0.22	-0.56	ATH-PC
ACGLO	0.29	0.74	0.69	0.49	0.69	0.06		0.44	0.36	ACGLO
ARZGY	0.51	0.57	0.36	0.83	0.38	0.22	0.44		0.19	ARZGY
SAXPF	-0.23	0.58	0.72	-0.02	0.38	-0.56	0.36	0.19		SAXPF
	ARZGF	AXAHF	SAXPY	ZURVY	ATH-PB	ATH-PC	ACGLO	ARZGY	SAXPF

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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

SAXPY	+ 0.83	AXAHF
ARZGY	+ 0.83	ZURVY
ACGLO	+ 0.74	AXAHF
SAXPF	+ 0.72	SAXPY
ACGLO	+ 0.69	SAXPY
ACGLO	+ 0.69	ATH-PB

High negative correlations

SAXPF	- 0.56	ATH-PC
ATH-PC	- 0.45	SAXPY
ATH-PC	- 0.25	AXAHF
SAXPF	- 0.23	ARZGF
SAXPY	- 0.06	ARZGF
SAXPF	- 0.02	ZURVY

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
ARZGF	0.22	0.13	0.00	(0.32)	0.00	0.00	0.00	0.00	7.21
AXAHF	1.10	(0.01)	0.00	0.15	0.00	0.00	2.66	(2.72)	8.35
SAXPY	0.78	(0.10)	0.00	0.56	0.00	0.00	1.47	(1.72)	4.50
ZURVY	0.59	0.09	(0.01)	9.57	0.56	(0.62)	1.29	(0.99)	3.13
ATH-PB	0.74	(0.03)	0.00	(0.20)	0.00	0.00	1.32	(1.66)	5.23
ATH-PC	0.22	0.01	(0.32)	0.30	0.14	(0.29)	0.48	(0.36)	2.11
ACGLO	0.48	(0.04)	0.00	(0.87)	0.00	0.00	0.90	(1.27)	2.94
ARZGY	0.84	0.08	0.00	0.59	0.86	(0.90)	1.90	(1.46)	6.48
SAXPF	0.32	(0.08)	0.00	(1.89)	0.00	0.00	0.00	(0.40)	8.58

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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