Close Brothers Correlations
| CBGPF Stock | USD 7.20 0.00 0.00% |
The current 90-days correlation between Close Brothers Group and Investec Group is 0.01 (i.e., Significant diversification). 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
Poor diversification
The correlation between Close Brothers Group and DJI is 0.76 (i.e., Poor 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.
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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 together with Close Pink Sheet
| 0.69 | GS | Goldman Sachs Group | PairCorr |
| 0.71 | SCHW | Charles Schwab Corp | PairCorr |
| 0.81 | IBKR | Interactive Brokers | PairCorr |
| 0.73 | GS-PD | Goldman Sachs | PairCorr |
| 0.79 | MS-PK | Morgan Stanley | PairCorr |
| 0.86 | MBFJF | Mitsubishi UFJ Financial Downward Rally | PairCorr |
| 0.85 | MUFG | Mitsubishi UFJ Financial | PairCorr |
| 0.86 | SMFG | Sumitomo Mitsui Financial Normal Trading | PairCorr |
| 0.85 | SMFNF | Sumitomo Mitsui Financial Normal Trading | PairCorr |
| 0.78 | KB | KB Financial Group | PairCorr |
| 0.88 | MFG | Mizuho Financial | PairCorr |
| 0.86 | MZHOF | Mizuho Financial Normal Trading | PairCorr |
| 0.78 | SHG | Shinhan Financial | PairCorr |
| 0.92 | TLOFF | Talon Metals Corp | PairCorr |
| 0.61 | UMAC | Unusual Machines | PairCorr |
| 0.82 | EMMA | Emmaus Life Sciences | PairCorr |
| 0.8 | JOE | St Joe Company | PairCorr |
| 0.77 | LAND | Gladstone Land | PairCorr |
| 0.71 | NTZ | Natuzzi SpA | PairCorr |
| 0.88 | CAMZF | Camino Minerals | PairCorr |
| 0.71 | NNBR | NN Inc | PairCorr |
| 0.79 | TATT | Tat Techno | PairCorr |
| 0.81 | MTNOF | MTN Group Limited | PairCorr |
| 0.89 | YLLXF | Yellow Cake plc Downward Rally | PairCorr |
| 0.79 | BBDO | Banco Bradesco SA | PairCorr |
| 0.88 | CYD | China Yuchai Interna | PairCorr |
Moving against Close Pink Sheet
Related Correlations Analysis
| -0.53 | -0.36 | -0.36 | 0.0 | -0.49 | IVTJY | ||
| -0.53 | 0.45 | 0.37 | 0.0 | 0.55 | HCXLY | ||
| -0.36 | 0.45 | 0.66 | 0.0 | 0.24 | UNJCF | ||
| -0.36 | 0.37 | 0.66 | 0.0 | -0.15 | ONEXF | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | SZCRF | ||
| -0.49 | 0.55 | 0.24 | -0.15 | 0.0 | EFGXY | ||
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IVTJY | 0.36 | (0.09) | 0.00 | 1.67 | 0.00 | 0.00 | 10.35 | |||
| HCXLY | 3.22 | 0.31 | 0.04 | (0.27) | 3.32 | 11.36 | 22.39 | |||
| UNJCF | 1.10 | 0.60 | 0.00 | (0.65) | 0.00 | 0.00 | 36.77 | |||
| ONEXF | 1.07 | (0.11) | 0.00 | (0.04) | 0.00 | 2.03 | 9.02 | |||
| SZCRF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EFGXY | 2.70 | 1.36 | 0.00 | 14.40 | 0.00 | 0.00 | 90.63 |
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.Did you try this?
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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 |