Mapfre SA Correlations

CMAB Stock  EUR 2.48  0.01  0.40%   
The current 90-days correlation between Mapfre SA and First American Financial is 0.17 (i.e., Average diversification). The correlation of Mapfre SA 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.

Mapfre SA Correlation With Market

Significant diversification

The correlation between Mapfre SA and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mapfre SA and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Mapfre SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mapfre SA 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 Mapfre SA - 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 Mapfre SA to buy it.

Moving together with Mapfre Stock

  0.71DHU Assured GuarantyPairCorr
  0.77TPW TrupanionPairCorr
  0.69YGB EMPLOYERS HLDGS DLPairCorr

Moving against Mapfre Stock

  0.81SSU Samsung ElectronicsPairCorr
  0.8BYRA BANK RAKYAT INDPairCorr
  0.79SSUN Samsung ElectronicsPairCorr
  0.79SSU Samsung ElectronicsPairCorr
  0.78SSUN Samsung ElectronicsPairCorr
  0.72BYRA BANK RAKYAT INDPairCorr
  0.67BYRA PT Bank RakyatPairCorr
  0.66BYRA PT Bank RakyatPairCorr
  0.62PQ9 PT Bank MandiriPairCorr
  0.51DBPD Xtrackers ShortDAXPairCorr

Related Correlations Analysis

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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   
MGCY1F
LNHY1F
LNHMGC
  
High negative correlations   
QPA1Y1F
QPA1LNH
QPA1MGC

Risk-Adjusted Indicators

There is a big difference between Mapfre Stock performing well and Mapfre SA 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 Mapfre SA'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 Mapfre SA 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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Mapfre SA Corporate Management

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