ASOS Plc Correlations

ASOMY Stock

USD 3.93 0.63 13.82%

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. If the correlation is 0, the equities are not correlated; they are entirely random.

ASOS Plc Correlation With Market

Poor diversification

The correlation between ASOS plc PK and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ASOS plc PK 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 PK to buy it.

Moving together with ASOS Pink Sheet

0.68	COHG	Cheetah Oil Gas	Pair Corr
0.78	TFLM	TFLM	Pair Corr
0.76	BNKHF	BOC Hong Kong	Pair Corr
0.85	SECVY	Seche Environnement	Pair Corr
0.91	APETF	Alpha Esports Tech	Pair Corr
0.77	FIBK	First Interstate Ban Normal Trading	Pair Corr
0.89	ENS	Enersys Earnings Call This Week	Pair Corr
0.79	RILYL	B Riley Financial	Pair Corr
0.88	YLLXF	Yellow Cake plc	Pair Corr
0.82	OBYCF	Obayashi Earnings Call This Week	Pair Corr
0.68	RCKY	Rocky Brands	Pair Corr

Moving against ASOS Pink Sheet

0.78	BROGF	BROGF	Pair Corr
0.71	PDD	PDD Holdings	Pair Corr
0.68	SE	Sea Sell-off Trend	Pair Corr
0.67	FSTF	First State Financial	Pair Corr
0.53	ERHE	ERHC Energy	Pair Corr
0.37	MPNGY	Meituan ADR	Pair Corr
0.33	JDCMF	Jd Com Inc	Pair Corr
0.35	NVNIW	Nvni Group Limited	Pair Corr

Related Correlations Analysis

	THGHY	SSILF	BHHOF	KGGNF	HLFDF	FBGI	CBDBY	EHGRF	HLFDY	CMEIF
THGHY		-1.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	THGHY
SSILF	-1.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SSILF
BHHOF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	BHHOF
KGGNF	0.0	0.0	0.0		-0.2	0.53	0.16	-0.59	0.24	0.67	KGGNF
HLFDF	0.0	0.0	0.0	-0.2		0.62	-0.51	-0.46	-0.55	0.23	HLFDF
FBGI	0.0	0.0	0.0	0.53	0.62		-0.27	-0.92	-0.34	0.78	FBGI
CBDBY	0.0	0.0	0.0	0.16	-0.51	-0.27		0.26	0.52	-0.18	CBDBY
EHGRF	0.0	0.0	0.0	-0.59	-0.46	-0.92	0.26		0.38	-0.88	EHGRF
HLFDY	0.0	0.0	0.0	0.24	-0.55	-0.34	0.52	0.38		-0.44	HLFDY
CMEIF	0.0	0.0	0.0	0.67	0.23	0.78	-0.18	-0.88	-0.44		CMEIF
	THGHY	SSILF	BHHOF	KGGNF	HLFDF	FBGI	CBDBY	EHGRF	HLFDY	CMEIF

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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

CMEIF	+ 0.78	FBGI
CMEIF	+ 0.67	KGGNF
FBGI	+ 0.62	HLFDF
FBGI	+ 0.53	KGGNF
HLFDY	+ 0.52	CBDBY
HLFDY	+ 0.38	EHGRF

High negative correlations

SSILF	- 1.0	THGHY
EHGRF	- 0.92	FBGI
CMEIF	- 0.88	EHGRF
EHGRF	- 0.59	KGGNF
HLFDY	- 0.55	HLFDF
CBDBY	- 0.51	HLFDF

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
THGHY	0.00	0.00	0.00	0.00	0.00	0.00
SSILF	0.00	0.00	0.00	0.00	0.00	0.00
BHHOF	0.00	0.00	0.00	0.00	0.00	0.00
KGGNF	0.40	(0.20)	1.29	0.00	0.00	13.25
HLFDF	0.08	(0.02)	(0.30)	0.00	0.00	4.78
FBGI	2.74	(1.50)	(1.07)	0.00	0.00	91.67
CBDBY	3.37	0.09	0.02	7.81	(8.33)	25.18
EHGRF	3.61	1.64	1.47	0.00	0.00	70.19
HLFDY	0.06	(0.01)	0.40	0.00	0.00	2.12
CMEIF	1.07	(0.60)	(0.91)	0.00	0.00	36.00

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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