Computershare Correlations

CMSQF Stock

USD 22.00 1.35 6.54%

The current 90-days correlation between Computershare Limited and Singapore Exchange Limited is -0.14 (i.e., Good diversification). The correlation of Computershare 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.

Computershare Correlation With Market

Good diversification

The correlation between Computershare Limited and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Computershare Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Computershare Pink Sheet

0.45	PPERY	Bank Mandiri Persero	Pair Corr
0.41	SHG	Shinhan Financial	Pair Corr
0.39	KB	KB Financial Group	Pair Corr
0.52	CRNZF	Cairn Energy PLC	Pair Corr
0.46	ACNE	Alice Consolidated Mines	Pair Corr
0.44	WF	Woori Financial Group	Pair Corr
0.42	EQIX	Equinix	Pair Corr
0.35	BNL	Broadstone Net Lease Sell-off Trend	Pair Corr
0.31	RHHVF	Roche Holding AG	Pair Corr
0.47	OTSKY	Otsuka Holdings	Pair Corr
0.46	WBRBF	Wienerberger AG	Pair Corr
0.43	AM	Antero Midstream Partners	Pair Corr
0.34	NINTF	Ninety One Group	Pair Corr
0.33	DMLP	Dorchester Minerals	Pair Corr
0.33	SFNC	Simmons First National	Pair Corr

Related Correlations Analysis

	SPXCF	DSEEY	FCBBF	DSECF	GJNSY	CGXYY	HELNF	HLVTY	AMIGY	EGFEF
SPXCF		0.74	0.34	0.0	0.15	-0.65	0.35	0.54	-0.59	0.55	SPXCF
DSEEY	0.74		0.54	0.0	0.23	-0.75	0.57	0.79	-0.72	0.75	DSEEY
FCBBF	0.34	0.54		0.0	0.57	-0.25	0.94	0.56	-0.25	0.23	FCBBF
DSECF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	DSECF
GJNSY	0.15	0.23	0.57	0.0		0.03	0.51	0.14	0.09	0.0	GJNSY
CGXYY	-0.65	-0.75	-0.25	0.0	0.03		-0.23	-0.39	0.61	-0.9	CGXYY
HELNF	0.35	0.57	0.94	0.0	0.51	-0.23		0.63	-0.27	0.2	HELNF
HLVTY	0.54	0.79	0.56	0.0	0.14	-0.39	0.63		-0.63	0.35	HLVTY
AMIGY	-0.59	-0.72	-0.25	0.0	0.09	0.61	-0.27	-0.63		-0.54	AMIGY
EGFEF	0.55	0.75	0.23	0.0	0.0	-0.9	0.2	0.35	-0.54		EGFEF
	SPXCF	DSEEY	FCBBF	DSECF	GJNSY	CGXYY	HELNF	HLVTY	AMIGY	EGFEF

Please upgrade your account to get full access to Macroaxis premium features

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

HELNF	+ 0.94	FCBBF
HLVTY	+ 0.79	DSEEY
EGFEF	+ 0.75	DSEEY
DSEEY	+ 0.74	SPXCF
HLVTY	+ 0.63	HELNF
AMIGY	+ 0.61	CGXYY

High negative correlations

EGFEF	- 0.9	CGXYY
CGXYY	- 0.75	DSEEY
AMIGY	- 0.72	DSEEY
CGXYY	- 0.65	SPXCF
AMIGY	- 0.63	HLVTY
AMIGY	- 0.59	SPXCF

Risk-Adjusted Indicators

There is a big difference between Computershare Pink Sheet performing well and Computershare 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 Computershare'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
SPXCF	1.66	0.23	0.03	(1.51)	2.50	(2.26)	5.28	(6.13)	17.93
DSEEY	1.92	0.41	0.14	0.99	2.07	(2.14)	5.03	(4.15)	10.90
FCBBF	0.22	0.10	0.00	(0.94)	0.00	0.00	0.00	0.00	7.58
DSECF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GJNSY	2.32	0.17	0.05	0.30	2.52	(2.79)	5.97	(4.91)	14.84
CGXYY	0.09	(0.05)	0.00	0.73	0.00	0.00	0.00	0.00	3.09
HELNF	2.37	1.02	0.00	0.68	0.00	0.00	0.00	0.00	77.27
HLVTY	0.26	0.05	0.00	0.39	0.00	0.00	0.16	0.00	8.00
AMIGY	1.16	(0.05)	0.00	(2.25)	0.00	0.00	2.51	(2.03)	8.15
EGFEF	1.61	0.40	0.00	0.53	0.00	0.00	3.19	(2.55)	43.33

Be your own money manager

Our tools can tell you how much better you can do entering a position in Computershare 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?

Run Content Syndication Now

Content Syndication

Quickly integrate customizable finance content to your own investment portal

All Next

Launch Module

Computershare Corporate Management

Lucy Newcombe	Chief Officer	Profile
Mark McDougall	Global Officer	Profile
Michael Brown	Investor Officer	Profile
Dominic Horsley	Company Secretary, Chief Legal Counsel (Asia Pacific)	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC