Change Financial Correlations
| CCA Stock | 0.07 0 2.90% |
The current 90-days correlation between Change Financial and Australian Dairy Nutritionals is 0.05 (i.e., Significant diversification). The correlation of Change Financial 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.
Change |
The ability to find closely correlated positions to Change Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Change Financial 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 Change Financial - 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 Change Financial to buy it.
Moving against Change Stock
| 0.76 | DOW | Downer Edi | PairCorr |
| 0.76 | PMC | Platinum Capital | PairCorr |
| 0.74 | RIO | RIO Tinto | PairCorr |
| 0.66 | ABY | Adore Beauty Group | PairCorr |
| 0.59 | FNX | Finexia Financial | PairCorr |
| 0.58 | CGF | Challenger | PairCorr |
| 0.58 | LCE | London City Equities | PairCorr |
| 0.53 | BHP | BHP Group | PairCorr |
| 0.46 | RDY | Readytech Holdings | PairCorr |
| 0.45 | SIX | Sprintex | PairCorr |
| 0.41 | AFL | Af Legal Group | PairCorr |
| 0.39 | ACS | Accent Resources | PairCorr |
| 0.36 | TAT | Tartana Minerals | PairCorr |
| 0.31 | ADD | Adavale Resources | PairCorr |
| 0.81 | OCA | Oceania Healthcare | PairCorr |
| 0.79 | SGM | Sims | PairCorr |
| 0.73 | PVE | Po Valley Energy | PairCorr |
| 0.68 | SUNPI | Suncorp Group | PairCorr |
| 0.66 | BOL | Boom Logistics | PairCorr |
| 0.66 | ELV | Elevra Lithium | PairCorr |
| 0.62 | DN1 | Dominion Income Trust | PairCorr |
| 0.57 | VAUDA | Ordinary Fully Paid Split | PairCorr |
| 0.46 | HMC | HMC Capital | PairCorr |
| 0.42 | ROC | Rocketboots | PairCorr |
| 0.41 | SS1 | Sun Silver | PairCorr |
| 0.37 | ORE | Orezone Gold | PairCorr |
| 0.35 | IGL | Ive Group | PairCorr |
Related Correlations Analysis
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 Change Stock performing well and Change Financial 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 Change Financial'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IXJ | 0.56 | 0.09 | 0.05 | (2.10) | 0.54 | 1.35 | 3.39 | |||
| AHF | 2.47 | (0.14) | 0.00 | 1.33 | 0.00 | 5.88 | 16.03 | |||
| EMB | 0.29 | 0.03 | 0.00 | (0.06) | 0.00 | 0.00 | 6.88 | |||
| AAC | 1.16 | (0.03) | 0.00 | 0.17 | 0.00 | 2.13 | 9.04 | |||
| IFRA | 0.41 | 0.01 | (0.06) | 1.99 | 0.52 | 0.80 | 3.04 | |||
| ERA | 11.84 | 2.08 | 0.09 | (0.59) | 11.64 | 25.00 | 83.33 | |||
| IMU | 3.57 | 0.20 | 0.03 | (1.91) | 3.47 | 9.76 | 21.39 | |||
| ANR | 2.32 | (0.05) | 0.00 | 0.10 | 0.00 | 8.33 | 24.36 | |||
| MRQ | 6.77 | 0.83 | 0.04 | (0.81) | 7.73 | 25.00 | 53.33 | |||
| RCB | 0.16 | (0.04) | 0.00 | (1.74) | 0.00 | 0.35 | 1.04 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Change Financial 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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Change Financial Corporate Management
Elected by the shareholders, the Change Financial's board of directors comprises two types of representatives: Change Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Change. The board's role is to monitor Change Financial's management team and ensure that shareholders' interests are well served. Change Financial'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, Change Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Akhila Iyer | Human Manager | Profile | |
| Nick Roberts | Chief Officer | Profile | |
| Arnold Lee | Chief Officer | Profile | |
| Alastair Wilkie | CEO MD | Profile | |
| Clayton Fossett | Chief Officer | Profile | |
| Javier Carrillo | Head DevelopmentLATAM | Profile |