ASOS Plc Correlations

ASOMF Stock

USD 3.70 0.28 7.04%

The correlation of ASOS Plc 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.

ASOS Plc Correlation With Market

Very poor diversification

The correlation between ASOS Plc and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ASOS Plc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with ASOS Pink Sheet

0.63	WEICF	Weichai Power	Pair Corr
0.86	LYG	Lloyds Banking Group	Pair Corr
0.74	HBB	Hamilton Beach Brands	Pair Corr
0.69	FMX	Fomento Economico	Pair Corr
0.66	DAR	Darling Ingredients	Pair Corr
0.8	THLLY	Thales SA ADR Earnings Call Today	Pair Corr
0.8	PUK	Prudential PLC ADR	Pair Corr
0.65	PEB	Pebblebrook Hotel Trust	Pair Corr
0.84	PDER	Pardee Resources	Pair Corr
0.69	ASX	ASE Industrial Holding	Pair Corr
0.86	WZZZY	Wizz Air Holdings	Pair Corr
0.76	MOG-A	Moog Inc	Pair Corr
0.67	TRTN-PC	Triton International	Pair Corr
0.71	SAPMF	Saipem SpA	Pair Corr
0.71	IBDSF	Iberdrola SA	Pair Corr
0.84	TEXG	Terax Energy	Pair Corr
0.76	PXMFF	Philex Mining	Pair Corr

Moving against ASOS Pink Sheet

0.79	GLABF	Gemina Laboratories	Pair Corr
0.62	PDD	PDD Holdings	Pair Corr
0.55	SE	Sea	Pair Corr
0.39	MPNGY	Meituan ADR	Pair Corr
0.31	MPNGF	Meituan	Pair Corr

Related Correlations Analysis

	THGPF	THGHY	UETMF	CEBTF	CRFCF	TSIHF	BZTAF	PWRHF	HLFDY	VVCHF
THGPF		1.0	0.0	0.0	0.0	-1.0	-1.0	0.0	0.0	1.0	THGPF
THGHY	1.0		0.0	0.0	0.0	-1.0	-1.0	0.0	0.0	1.0	THGHY
UETMF	0.0	0.0		0.42	-0.1	0.0	0.0	-0.11	0.08	0.0	UETMF
CEBTF	0.0	0.0	0.42		-0.23	0.0	0.0	-0.26	0.19	0.0	CEBTF
CRFCF	0.0	0.0	-0.1	-0.23		0.0	0.0	0.89	-0.63	0.0	CRFCF
TSIHF	-1.0	-1.0	0.0	0.0	0.0		1.0	0.0	0.0	-1.0	TSIHF
BZTAF	-1.0	-1.0	0.0	0.0	0.0	1.0		0.0	0.0	-1.0	BZTAF
PWRHF	0.0	0.0	-0.11	-0.26	0.89	0.0	0.0		-0.73	0.0	PWRHF
HLFDY	0.0	0.0	0.08	0.19	-0.63	0.0	0.0	-0.73		0.0	HLFDY
VVCHF	1.0	1.0	0.0	0.0	0.0	-1.0	-1.0	0.0	0.0		VVCHF
	THGPF	THGHY	UETMF	CEBTF	CRFCF	TSIHF	BZTAF	PWRHF	HLFDY	VVCHF

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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

THGHY	+ 1.0	THGPF
VVCHF	+ 1.0	THGPF
VVCHF	+ 1.0	THGHY
BZTAF	+ 1.0	TSIHF
PWRHF	+ 0.89	CRFCF
CEBTF	+ 0.42	UETMF

High negative correlations

VVCHF	- 1.0	BZTAF
VVCHF	- 1.0	TSIHF
BZTAF	- 1.0	THGHY
TSIHF	- 1.0	THGHY
BZTAF	- 1.0	THGPF
TSIHF	- 1.0	THGPF

Risk-Adjusted Indicators

There is a big difference between ASOS Pink Sheet performing well and ASOS Plc 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 ASOS Plc'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
THGPF	0.00	0.00	0.00	0.00	0.00	0.00
THGHY	0.00	0.00	0.00	0.00	0.00	0.00
UETMF	7.93	(6.06)	(13.27)	4.80	(20.59)	21.14
CEBTF	0.50	0.25	(2.49)	0.00	0.00	16.67
CRFCF	0.90	(0.41)	0.75	0.00	0.00	26.36
TSIHF	0.00	0.00	0.00	0.00	0.00	0.00
BZTAF	0.00	0.00	0.00	0.00	0.00	0.00
PWRHF	0.30	(0.17)	(3.50)	0.00	0.00	10.00
HLFDY	0.06	(0.01)	(0.46)	0.00	0.00	2.12
VVCHF	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in ASOS Plc 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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ASOS Plc Corporate Management

Anna Suchopar	G Sec	Profile
Nicholas Robertson	Founder Director	Profile
Taryn Rosekilly	Director Relations	Profile
Kathryn Mecklenburgh	Interim Officer	Profile
Patrik Siln	Chief Officer	Profile
Jose Calamonte	CEO Director	Profile

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