Cromwell Property Correlations

CMW Stock   0.39  0.01  2.50%   
The current 90-days correlation between Cromwell Property and Hansen Technologies is -0.13 (i.e., Good diversification). The correlation of Cromwell Property 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.

Cromwell Property Correlation With Market

Good diversification

The correlation between Cromwell Property Group and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cromwell Property Group and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Cromwell Property could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cromwell Property 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 Cromwell Property - 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 Cromwell Property Group to buy it.

Moving together with Cromwell Stock

  0.68BHP BHP Group LimitedPairCorr

Moving against Cromwell Stock

  0.33SQ2 Block IncPairCorr

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   
AGITOY
EGYTOY
RTHTOY
AGIEGY
EGYRTH
AGIRTH
  
High negative correlations   
TOYHSN
RTHHSN
AGIHSN
EGYHSN
TOYWTC
AGIWTC

Risk-Adjusted Indicators

There is a big difference between Cromwell Stock performing well and Cromwell Property 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 Cromwell Property'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 Cromwell Property 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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Cromwell Property Corporate Management

Elected by the shareholders, the Cromwell Property's board of directors comprises two types of representatives: Cromwell Property inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cromwell. The board's role is to monitor Cromwell Property's management team and ensure that shareholders' interests are well served. Cromwell Property'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, Cromwell Property's outside directors are responsible for providing unbiased perspectives on the board's policies.
Philip CowlingChief OfficerProfile
Andrew CreightonHead EuropeProfile
Bobby BinningHead PropertyProfile
BSc BComChief OfficerProfile
MBA JDCompany CounselProfile
Lodewijk ZweersHead EuropeProfile