Azimut Holding Correlations

Pink Sheets . USA . 
Stock . Azimut Holding SpA
AZIHF Stock  USD 25.18  1.99  8.58%   
The current 90-days correlation between Azimut Holding SpA and Blackstone Group is 0.05 (i.e., Significant diversification). The correlation of Azimut Holding 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.

Azimut Holding Correlation With Market

Significant diversification

The correlation between Azimut Holding SpA and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Azimut Holding SpA and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Azimut Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Azimut Holding 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 Azimut Holding - 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 Azimut Holding SpA to buy it.

Moving against Azimut Pink Sheet

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Azimut Pink Sheet performing well and Azimut Holding 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 Azimut Holding'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Azimut Holding 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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Azimut Holding Corporate Management

Medda GiorgioGlobal CEOProfile
Blei GabrieleCEO DirectorProfile
Martini PaoloGM, CEOProfile
Vittorio PraccaInvestor Relations ManagerProfile
Guiati MassimoGlobal CEOProfile
Claudio FoscoliHead IrelandProfile
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