CAP LEASE Correlations

CLA Stock

0.38 0.05 11.63%

The current 90-days correlation between CAP LEASE AVIATION and AMG Advanced Metallurgical is -0.34 (i.e., Very good diversification). The correlation of CAP LEASE 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.

CAP LEASE Correlation With Market

Significant diversification

The correlation between CAP LEASE AVIATION and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CAP LEASE AVIATION and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against CAP Stock

0.49	RIGD	Reliance Industries	Pair Corr
0.44	THX	Thor Explorations	Pair Corr
0.39	CAML	Central Asia Metals	Pair Corr
0.37	ANTO	Antofagasta PLC	Pair Corr
0.33	0KII	SSAB AB ser	Pair Corr

Related Correlations Analysis

	0LO9	0HDK	0L4F	MTL	0EG8	0UYN	CRTM	FA17
0LO9		-0.45	-0.68	-0.04	0.82	-0.01	-0.63	0.78	0LO9
0HDK	-0.45		0.59	0.23	-0.63	0.2	0.34	-0.55	0HDK
0L4F	-0.68	0.59		0.09	-0.77	-0.14	0.53	-0.71	0L4F
MTL	-0.04	0.23	0.09		-0.2	-0.1	0.28	-0.1	MTL
0EG8	0.82	-0.63	-0.77	-0.2		-0.2	-0.73	0.91	0EG8
0UYN	-0.01	0.2	-0.14	-0.1	-0.2		0.22	-0.13	0UYN
CRTM	-0.63	0.34	0.53	0.28	-0.73	0.22		-0.65	CRTM
FA17	0.78	-0.55	-0.71	-0.1	0.91	-0.13	-0.65		FA17
	0LO9	0HDK	0L4F	MTL	0EG8	0UYN	CRTM	FA17

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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

FA17	+ 0.91	0EG8
0EG8	+ 0.82	0LO9
FA17	+ 0.78	0LO9
0L4F	+ 0.59	0HDK
CRTM	+ 0.53	0L4F
CRTM	+ 0.34	0HDK

High negative correlations

0EG8	- 0.77	0L4F
CRTM	- 0.73	0EG8
FA17	- 0.71	0L4F
0L4F	- 0.68	0LO9
FA17	- 0.65	CRTM
0EG8	- 0.63	0HDK

Risk-Adjusted Indicators

There is a big difference between CAP Stock performing well and CAP LEASE 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 CAP LEASE'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
0LO9	2.60	0.21	0.07	(0.45)	3.61	(2.62)	5.18	(4.42)	23.86
0HDK	1.46	(0.22)	0.00	(0.92)	0.00	0.00	3.38	(3.15)	15.80
0L4F	1.46	(0.24)	0.00	(0.33)	0.00	0.00	1.78	(3.16)	11.39
MTL	2.80	0.30	0.11	0.77	2.61	(4.30)	6.90	(4.67)	15.83
0EG8	2.30	0.72	0.33	(2.26)	1.76	(2.92)	5.45	(3.32)	24.56
0UYN	1.77	(0.06)	0.00	0.48	0.00	0.00	3.51	(4.03)	11.03
CRTM	0.81	(0.07)	0.00	0.39	0.00	0.00	2.94	(1.96)	20.12
FA17	0.22	0.06	0.00	0.28	0.00	0.00	0.00	0.00	3.77

Be your own money manager

Our tools can tell you how much better you can do entering a position in CAP LEASE 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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CAP LEASE Corporate Management

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

Kellie Davis	Company Secretary	Profile
David Bannister	Chief Officer	Profile
Jane Duran	Chief OIC	Profile
Mark Kerkwijk	Public IR	Profile
Patrique Duran	Chief Philippines	Profile

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