CAP LEASE Correlations

Stocks . UK . 
Stock . CAP LEASE AVIATION
CLA Stock   1.20  0.05  4.00%   
The current 90-days correlation between CAP LEASE AVIATION and Amaroq Minerals is 0.05 (i.e., Significant 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

Poor diversification

The correlation between CAP LEASE AVIATION and DJI is 0.68 (i.e., Poor 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 together with CAP Stock

  0.79TTST Tata Steel LimitedPairCorr
  0.83ANTO Antofagasta PLC Earnings Call This WeekPairCorr
  0.84ATYM Atalaya MiningPairCorr
  0.85THX Thor ExplorationsPairCorr
  0.73MTL Metals Exploration PlcPairCorr
  0.88AMRQ Amaroq MineralsPairCorr
  0.79TYT Toyota Motor CorpPairCorr
  0.9SMSN Samsung ElectronicsPairCorr
  0.91SMSD Samsung ElectronicsPairCorr
  0.9BC94 Samsung ElectronicsPairCorr
  0.78GTCO Guaranty Trust HoldingPairCorr
  0.780J4G Helmerich PaynePairCorr
  0.91SDR Schroders PLCPairCorr
  0.920LY1 WisdomTree InvestmentsPairCorr
  0.86WEIR Weir Group PLCPairCorr
  0.650J71 JB Hunt TransportPairCorr
  0.68BME BM European ValuePairCorr
  0.76AAZ Anglo Asian MiningPairCorr
  0.790QHL Corbion NVPairCorr
  0.86GMET Golden Metal ResourcesPairCorr
  0.780RKH BW OffshorePairCorr
  0.75FGEN Foresight EnvironmentalPairCorr
  0.67MWE MTI Wireless EdgePairCorr
  0.860MPL SGL Carbon SEPairCorr
  0.8PRTC PureTech Health plcPairCorr
  0.87CAML Central Asia MetalsPairCorr
  0.750JZT McEwen MiningPairCorr

Moving against CAP Stock

  0.880R15 SoftBank Group CorpPairCorr
  0.550QPS Givaudan SAPairCorr

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

ATYM
+ 0.97
ANTO
AMRQ
+ 0.93
ATYM
MTL
+ 0.92
ATYM
AMRQ
+ 0.92
THX
THX
+ 0.91
ATYM
MTL
+ 0.9
ANTO
  

High negative correlations

ATYM
- 0.76
0QPS
0QPS
- 0.76
ANTO
THX
- 0.71
0QPS
MTL
- 0.67
0QPS
AMRQ
- 0.66
0QPS
0QPS
- 0.56
TTST

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.

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 DavisCompany SecretaryProfile
David BannisterChief OfficerProfile
Jane DuranChief OICProfile
Mark KerkwijkPublic IRProfile
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