Close Brothers Correlations

CBGPF Stock

USD 6.18 0.66 11.96%

The correlation of Close Brothers 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.

Close Brothers Correlation With Market

Significant diversification

The correlation between Close Brothers Group and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Close Brothers Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Close Pink Sheet

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0.57	KB	KB Financial Group	Pair Corr
0.55	AVAL	Grupo Aval	Pair Corr
0.52	SHG	Shinhan Financial	Pair Corr
0.47	MS	Morgan Stanley	Pair Corr
0.36	GS	Goldman Sachs Group	Pair Corr
0.78	KEX	Kirby	Pair Corr
0.73	CAH	Cardinal Health	Pair Corr
0.67	LMND	Lemonade	Pair Corr
0.59	CRTTF	Cortus Metals	Pair Corr
0.57	ZCUSX	Corn Futures	Pair Corr
0.54	MDGL	Madrigal Pharmaceuticals	Pair Corr
0.54	BSRR	Sierra Bancorp	Pair Corr
0.44	NOK	Nokia Corp ADR Aggressive Push	Pair Corr
0.33	BSXGF	Belo Sun Mining	Pair Corr
0.72	LSBK	Lake Shore Bancorp	Pair Corr
0.67	CUTLF	Canadian Utilities	Pair Corr
0.58	U07265AG3	BAYNGR 4625 25	Pair Corr
0.56	AVRW	Avenir Wellness Solutions	Pair Corr
0.33	SRRTF	Slate Grocery REIT	Pair Corr
0.31	HUBG	Hub Group	Pair Corr

Related Correlations Analysis

	CNSRF	CEVIY	THNUY	ZSYC	RMANF	CNECF	NBPVF	EFGZF	GKSGF	PTZIF
CNSRF		0.0	0.0	0.0	0.03	0.0	-0.51	0.0	0.16	0.0	CNSRF
CEVIY	0.0		-1.0	0.0	0.0	-1.0	0.0	-1.0	0.0	0.0	CEVIY
THNUY	0.0	-1.0		0.0	0.0	1.0	0.0	1.0	0.0	0.0	THNUY
ZSYC	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	ZSYC
RMANF	0.03	0.0	0.0	0.0		0.0	-0.1	0.0	-0.15	0.0	RMANF
CNECF	0.0	-1.0	1.0	0.0	0.0		0.0	1.0	0.0	0.0	CNECF
NBPVF	-0.51	0.0	0.0	0.0	-0.1	0.0		0.0	0.25	0.0	NBPVF
EFGZF	0.0	-1.0	1.0	0.0	0.0	1.0	0.0		0.0	0.0	EFGZF
GKSGF	0.16	0.0	0.0	0.0	-0.15	0.0	0.25	0.0		0.0	GKSGF
PTZIF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		PTZIF
	CNSRF	CEVIY	THNUY	ZSYC	RMANF	CNECF	NBPVF	EFGZF	GKSGF	PTZIF

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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

CNECF	+ 1.0	THNUY
EFGZF	+ 1.0	THNUY
EFGZF	+ 1.0	CNECF
GKSGF	+ 0.25	NBPVF
GKSGF	+ 0.16	CNSRF
RMANF	+ 0.03	CNSRF

High negative correlations

EFGZF	- 1.0	CEVIY
CNECF	- 1.0	CEVIY
THNUY	- 1.0	CEVIY
NBPVF	- 0.51	CNSRF
GKSGF	- 0.15	RMANF
NBPVF	- 0.1	RMANF

Risk-Adjusted Indicators

There is a big difference between Close Pink Sheet performing well and Close Brothers 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 Close Brothers' 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
CNSRF	1.61	(0.13)	0.00	(0.02)	0.00	0.00	7.51	(5.94)	22.99
CEVIY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
THNUY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ZSYC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RMANF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CNECF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NBPVF	0.87	0.16	0.04	19.45	0.89	(3.36)	4.05	(2.00)	9.76
EFGZF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GKSGF	1.24	0.35	0.00	(0.50)	0.00	0.00	0.00	0.00	61.92
PTZIF	0.00	0.00	0.00	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 Close Brothers 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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Close Brothers Corporate Management

Robert Sack	Group Chief Risk Officer	Profile
Michael Morgan	Group CFO	Profile
Sophie Gillingham	Director Devel	Profile
Rebekah Etherington	Group Head - Human Resources	Profile
Angela Yotov	Group Counsel	Profile
Andreas Reinert	Managing Germany	Profile

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