Close Brothers Correlations
| CBGPY Stock | USD 5.10 0.12 2.30% |
The current 90-days correlation between Close Brothers Group and Bank Of Georgia is -0.16 (i.e., Good 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Close Brothers Correlation With Market
Significant diversification
The correlation between Close Brothers Group 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 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
| 0.88 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.84 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.82 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.89 | BKRKY | Bank Rakyat | PairCorr |
| 0.76 | SHG | Shinhan Financial | PairCorr |
| 0.95 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.71 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.77 | PFE | Pfizer Inc Aggressive Push | PairCorr |
Moving against Close Pink Sheet
| 0.94 | MS | Morgan Stanley Sell-off Trend | PairCorr |
| 0.92 | IBKR | Interactive Brokers Fiscal Year End 21st of January 2025 | PairCorr |
| 0.9 | SCHW | Charles Schwab Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.87 | GS | Goldman Sachs Group Sell-off Trend | PairCorr |
| 0.86 | MS-PA | Morgan Stanley | PairCorr |
| 0.81 | GS-PA | Goldman Sachs | PairCorr |
| 0.79 | CGXYY | China Galaxy Securities | PairCorr |
| 0.78 | GS-PD | Goldman Sachs | PairCorr |
| 0.65 | KB | KB Financial Group | PairCorr |
| 0.94 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.89 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.89 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.87 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.86 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.83 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.79 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.76 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.73 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.66 | HD | Home Depot Sell-off Trend | PairCorr |
Related Correlations Analysis
| 0.0 | -0.1 | 0.09 | 0.14 | 0.14 | BDGSF | ||
| 0.0 | 0.32 | 0.31 | 0.31 | 0.18 | LBAI | ||
| -0.1 | 0.32 | 0.7 | 0.91 | 0.89 | PEBO | ||
| 0.09 | 0.31 | 0.7 | 0.79 | 0.56 | FRST | ||
| 0.14 | 0.31 | 0.91 | 0.79 | 0.82 | CNOB | ||
| 0.14 | 0.18 | 0.89 | 0.56 | 0.82 | LNKB | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BDGSF | 1.84 | 0.56 | 0.00 | 2.01 | 0.00 | 2.19 | 43.59 | |||
| LBAI | 2.10 | 0.14 | (0.01) | (0.20) | 2.36 | 4.82 | 12.84 | |||
| PEBO | 1.53 | (0.04) | 0.05 | 0.10 | 1.58 | 3.62 | 17.61 | |||
| FRST | 1.50 | (0.20) | (0.03) | 0.03 | 1.73 | 2.77 | 18.73 | |||
| CNOB | 1.81 | (0.05) | 0.05 | 0.10 | 1.85 | 3.44 | 20.79 | |||
| LNKB | 1.64 | 0.13 | 0.10 | 0.21 | 1.33 | 3.72 | 10.82 |
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 |