Blue Label Correlations

BLU Stock

525.00 8.00 1.55%

The current 90-days correlation between Blue Label Telecoms and British American Tobacco is -0.08 (i.e., Good diversification). The correlation of Blue Label 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.

Blue Label Correlation With Market

Good diversification

The correlation between Blue Label Telecoms and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blue Label Telecoms and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Blue Stock

0.71	NPN	Naspers Limited	Pair Corr
0.73	AMS	Anglo American Platinum	Pair Corr
0.77	TGA	Thungela Resources	Pair Corr
0.7	AGL	Anglo American PLC	Pair Corr
0.66	CPI	Capitec Bank Holdings	Pair Corr
0.7	PRX	Prosus NV Earnings Call This Week	Pair Corr

Moving against Blue Stock

0.4	MTN	MTN Group	Pair Corr
0.33	HUG	Huge Group Earnings Call This Week	Pair Corr

Related Correlations Analysis

	DNB	AME	ARA	ANI	ARL	BTI	HIL	HAR
DNB		-0.02	-0.32	-0.33	-0.28	-0.21	0.51	-0.03	DNB
AME	-0.02		-0.35	-0.39	-0.27	-0.36	-0.04	0.57	AME
ARA	-0.32	-0.35		0.67	0.58	0.35	0.1	-0.27	ARA
ANI	-0.33	-0.39	0.67		0.59	0.54	-0.16	-0.36	ANI
ARL	-0.28	-0.27	0.58	0.59		0.01	0.15	-0.05	ARL
BTI	-0.21	-0.36	0.35	0.54	0.01		-0.48	-0.6	BTI
HIL	0.51	-0.04	0.1	-0.16	0.15	-0.48		0.06	HIL
HAR	-0.03	0.57	-0.27	-0.36	-0.05	-0.6	0.06		HAR
	DNB	AME	ARA	ANI	ARL	BTI	HIL	HAR

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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

ANI	+ 0.67	ARA
ARL	+ 0.59	ANI
ARL	+ 0.58	ARA
HAR	+ 0.57	AME
BTI	+ 0.54	ANI
HIL	+ 0.51	DNB

High negative correlations

HAR	- 0.6	BTI
HIL	- 0.48	BTI
ANI	- 0.39	AME
HAR	- 0.36	ANI
BTI	- 0.36	AME
ARA	- 0.35	AME

Risk-Adjusted Indicators

There is a big difference between Blue Stock performing well and Blue Label 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 Blue Label'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
DNB	1.19	0.40	0.05	(0.29)	1.37	(2.92)	3.26	(3.56)	17.45
AME	1.46	0.04	0.00	0.05	0.00	0.00	4.41	(5.00)	18.52
ARA	1.16	(0.01)	(0.01)	0.09	1.77	(4.32)	6.79	(4.62)	18.12
ANI	0.38	(0.03)	0.00	0.02	0.00	0.00	0.00	0.00	21.39
ARL	0.82	0.04	(0.04)	0.33	0.79	(0.97)	2.64	(1.46)	4.81
BTI	0.84	0.06	(0.02)	0.78	1.20	(0.82)	1.63	(1.88)	5.77
HIL	1.43	0.30	0.05	1.01	1.45	(5.04)	6.73	(2.71)	16.90
HAR	2.50	(0.20)	0.00	(0.72)	0.00	0.00	4.64	(4.86)	15.05

Be your own money manager

Our tools can tell you how much better you can do entering a position in Blue Label 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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Blue Label Corporate Management

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

Andrew Murray	Chief Officer	Profile
Mark Levy	Joint CoFounder	Profile
Nicola White	Group Relations	Profile
Rob BCom	Chief Officer	Profile
Brett Levy	Joint CoFounder	Profile
G Levin	Ex Officer	Profile
CA CA	Financial Director	Profile

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