Alfa Financial Correlations

ALFA Stock

202.00 1.00 0.49%

The current 90-days correlation between Alfa Financial Software and MTI Wireless Edge is -0.09 (i.e., Good diversification). The correlation of Alfa Financial 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.

Alfa Financial Correlation With Market

Significant diversification

The correlation between Alfa Financial Software and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alfa Financial Software and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Alfa Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alfa Financial 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 Alfa Financial - 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 Alfa Financial Software to buy it.

Moving against Alfa Stock

0.66	VCP	Victoria PLC	Pair Corr
0.51	0LCV	Taiwan Semiconductor	Pair Corr
0.35	ITH	Ithaca Energy PLC	Pair Corr
0.31	ZIOC	Zanaga Iron Ore	Pair Corr

Related Correlations Analysis

	SBDS	MWE	MTRO	0QVF	0R8S	0KS3	0YZ2	TFG
SBDS		-0.06	0.7	0.74	-0.61	-0.69	0.36	0.85	SBDS
MWE	-0.06		-0.16	0.19	0.12	-0.26	-0.26	0.29	MWE
MTRO	0.7	-0.16		0.36	-0.81	-0.29	0.17	0.57	MTRO
0QVF	0.74	0.19	0.36		-0.23	-0.85	0.2	0.84	0QVF
0R8S	-0.61	0.12	-0.81	-0.23		0.31	-0.2	-0.49	0R8S
0KS3	-0.69	-0.26	-0.29	-0.85	0.31		-0.26	-0.78	0KS3
0YZ2	0.36	-0.26	0.17	0.2	-0.2	-0.26		0.18	0YZ2
TFG	0.85	0.29	0.57	0.84	-0.49	-0.78	0.18		TFG
	SBDS	MWE	MTRO	0QVF	0R8S	0KS3	0YZ2	TFG

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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

TFG	+ 0.85	SBDS
TFG	+ 0.84	0QVF
0QVF	+ 0.74	SBDS
MTRO	+ 0.7	SBDS
TFG	+ 0.57	MTRO
0YZ2	+ 0.36	SBDS

High negative correlations

0KS3	- 0.85	0QVF
0R8S	- 0.81	MTRO
TFG	- 0.78	0KS3
0KS3	- 0.69	SBDS
0R8S	- 0.61	SBDS
TFG	- 0.49	0R8S

Risk-Adjusted Indicators

There is a big difference between Alfa Stock performing well and Alfa Financial 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 Alfa Financial'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
SBDS	2.40	0.82	0.23	(1.98)	1.56	(5.23)	7.78	(3.91)	20.99
MWE	0.89	0.17	0.10	(0.89)	0.69	(2.62)	3.33	(2.17)	5.76
MTRO	2.48	0.52	0.18	0.57	2.41	(2.69)	6.25	(3.93)	18.12
0QVF	1.05	0.27	0.18	1.84	1.13	(1.17)	2.72	(1.70)	7.89
0R8S	0.88	(0.14)	0.00	0.86	0.00	0.00	1.48	(2.04)	6.81
0KS3	1.16	(0.24)	0.00	(0.46)	0.00	0.00	2.36	(2.84)	7.18
0YZ2	2.73	(0.01)	0.00	(0.01)	4.29	(5.63)	9.97	(9.87)	40.28
TFG	1.07	0.52	0.45	(1.49)	0.00	(2.29)	3.94	(0.83)	7.63

Be your own money manager

Our tools can tell you how much better you can do entering a position in Alfa Financial 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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Alfa Financial Corporate Management

Elected by the shareholders, the Alfa Financial's board of directors comprises two types of representatives: Alfa Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Alfa. The board's role is to monitor Alfa Financial's management team and ensure that shareholders' interests are well served. Alfa Financial'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, Alfa Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.

James Paul	Chief Officer	Profile
Andrew Flegg	Chief Officer	Profile
Richard Dewire	Chief Officer	Profile
Turner Parlin	Head Americas	Profile
Richard Raistrick	Chief Officer	Profile

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